Nanjing Hanrui Cobalt Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	755.41	853.41	1,928	1,739	2,063	1,256
Short-Term Investments	-	-	0.86	1.19	0.14	-
Trading Asset Securities	-	-	-	0.26	0.26	0.25
Cash & Short-Term Investments	755.41	853.41	1,929	1,740	2,063	1,256
Cash Growth	-59.15%	-55.76%	10.85%	-15.66%	64.24%	-35.04%
Accounts Receivable	702.23	565.49	381.04	468.14	508.22	850.39
Other Receivables	27.04	37.01	12.78	36.07	3	196.05
Receivables	729.28	602.5	393.82	504.2	511.22	1,046
Inventory	2,825	2,914	1,879	1,873	1,771	2,533
Other Current Assets	596.26	576.43	365.57	235.79	148.95	245.15
Total Current Assets	4,906	4,946	4,567	4,353	4,495	5,081
Property, Plant & Equipment	3,958	4,015	2,915	2,506	1,969	1,649
Long-Term Investments	423.2	460.6	451.11	516.73	615.94	339.78
Other Intangible Assets	159.91	162.8	165.77	109.94	102.96	86.48
Long-Term Deferred Tax Assets	124.87	89.21	73.18	51.04	65.55	50
Long-Term Deferred Charges	69.33	72.54	89.77	88.87	78.24	44.47
Other Long-Term Assets	307.21	322.64	365.72	147.1	105.72	128.59
Total Assets	9,948	10,069	8,628	7,773	7,432	7,379
Accounts Payable	1,023	1,595	1,034	815.18	538.56	760.21
Accrued Expenses	25.8	59.25	88.6	86.27	67.68	72.94
Short-Term Debt	2,331	1,835	560.36	893.66	1,017	1,218
Current Portion of Long-Term Debt	246.68	45.04	546.06	246.2	50.06	-
Current Income Taxes Payable	193.08	171.14	126.16	124.63	92.53	173.33
Current Unearned Revenue	38.97	54.1	37.22	23.93	26.46	27.63
Other Current Liabilities	74.67	211.63	175.75	82.13	12.26	24.43
Total Current Liabilities	3,933	3,971	2,568	2,272	1,804	2,276
Long-Term Debt	153.13	376.79	56.56	-	200.18	50.05
Long-Term Unearned Revenue	15.09	15.75	16.21	10.41	12.09	11.78
Long-Term Deferred Tax Liabilities	13.25	13.25	192.91	201.86	332.44	280.73
Other Long-Term Liabilities	-	6.74	-	-	15.86	28.56
Total Liabilities	4,114	4,384	2,834	2,484	2,365	2,647
Common Stock	309.7	309.7	308.32	312.23	309.62	309.62
Additional Paid-In Capital	2,646	2,642	2,590	2,625	2,580	2,580
Retained Earnings	2,554	2,489	2,281	2,110	2,018	1,939
Treasury Stock	-	-	-	-43.78	-	-
Comprehensive Income & Other	38.89	-46.33	362.69	201.81	161.34	-96.13
Total Common Equity	5,548	5,395	5,542	5,206	5,070	4,733
Minority Interest	285.9	290.59	251.79	83.36	-2.01	-1.65
Shareholders' Equity	5,834	5,685	5,794	5,289	5,068	4,731
Total Liabilities & Equity	9,948	10,069	8,628	7,773	7,432	7,379
Total Debt	2,731	2,257	1,163	1,140	1,267	1,268
Net Cash (Debt)	-1,975	-1,404	766.24	600.48	796.63	-11.29
Net Cash Growth	-	-	27.61%	-24.62%	-	-
Net Cash Per Share	-6.35	-4.52	2.47	1.95	2.59	-0.04
Filing Date Shares Outstanding	308.32	313.03	308.32	310.94	309.62	309.62
Total Common Shares Outstanding	308.32	313.03	308.32	310.94	309.62	309.62
Working Capital	973.18	975.03	1,999	2,081	2,690	2,805
Book Value Per Share	18.00	17.23	17.98	16.74	16.37	15.29
Tangible Book Value	5,388	5,232	5,377	5,096	4,967	4,647
Tangible Book Value Per Share	17.48	16.71	17.44	16.39	16.04	15.01
Buildings	-	-	1,603	1,273	1,125	579.64
Machinery	-	-	2,050	1,626	1,246	894.16
Construction In Progress	-	-	163.25	248.63	56.42	468.92

Source: S&P Global Market Intelligence. Standard template. Financial Sources.