Hichain Logistics Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	1,839	1,753	1,427	1,065	731	449.52
Trading Asset Securities	1.21	1	-	651.67	755.5	863.62
Cash & Short-Term Investments	1,840	1,754	1,427	1,717	1,487	1,313
Cash Growth	13.23%	22.91%	-16.87%	15.50%	13.20%	463.67%
Accounts Receivable	597.25	595.41	667.52	638.3	364.27	276.64
Other Receivables	92.65	38.87	27.75	18.68	26.14	14.91
Receivables	689.89	634.27	695.28	656.98	390.41	291.55
Inventory	43.61	39.88	44.53	7.9	8.16	23.03
Prepaid Expenses	-	1.2	0.79	1.08	3.11	0.32
Other Current Assets	81.64	82.57	87.9	47.16	16.44	17.05
Total Current Assets	2,655	2,512	2,256	2,430	1,905	1,645
Property, Plant & Equipment	1,615	1,548	1,262	917.22	474.69	326.51
Long-Term Investments	295.44	292.25	253.26	35.11	5.18	3.62
Goodwill	42.04	42.04	42.04	-	-	-
Other Intangible Assets	340.27	349.3	325.96	145.86	116.86	108.58
Long-Term Deferred Tax Assets	19.27	21.1	26.15	22.46	6.24	5.54
Long-Term Deferred Charges	20.45	19.75	18.39	10.91	3.69	6.46
Other Long-Term Assets	55.42	53.48	54.3	152.29	61.06	44.97
Total Assets	5,043	4,838	4,238	3,714	2,572	2,141
Accounts Payable	627.28	751.56	656.58	466.05	285.91	207.12
Accrued Expenses	36.07	68.79	55.13	57.95	43.41	29.83
Short-Term Debt	550	400.36	-	-	-	-
Current Portion of Leases	69.41	84.81	80.14	113.58	34.16	-
Current Income Taxes Payable	49.47	41.4	37.77	40.63	16.03	10.08
Current Unearned Revenue	7.83	7.54	38.79	2.26	0.2	4.84
Other Current Liabilities	53.79	81.1	218.04	11.26	13.92	10.92
Total Current Liabilities	1,394	1,436	1,086	691.73	393.62	262.8
Long-Term Debt	153.41	-	-	-	-	-
Long-Term Leases	39.5	70.39	130.36	236.8	15.3	-
Long-Term Unearned Revenue	8.5	4	4.5	5	5	5
Long-Term Deferred Tax Liabilities	33.49	33.49	31.52	24.57	14.46	12.56
Other Long-Term Liabilities	8.24	13.31	13.11	5.93	5.43	20.77
Total Liabilities	1,637	1,557	1,266	964.03	433.81	301.12
Common Stock	230.6	230.6	230.6	230.6	133.33	133.33
Additional Paid-In Capital	1,292	1,311	1,311	1,311	1,083	1,083
Retained Earnings	1,651	1,538	1,336	1,135	836.57	548.76
Treasury Stock	-57.01	-81.75	-50.06	-50.06	-	-
Comprehensive Income & Other	28.04	24.2	20.78	16.95	-5.63	-1.21
Total Common Equity	3,145	3,022	2,848	2,643	2,047	1,764
Minority Interest	261.81	258.59	124.05	106.6	91.14	75.66
Shareholders' Equity	3,406	3,281	2,972	2,750	2,139	1,840
Total Liabilities & Equity	5,043	4,838	4,238	3,714	2,572	2,141
Total Debt	812.32	555.56	210.5	350.37	49.46	-
Net Cash (Debt)	1,028	1,199	1,217	1,366	1,437	1,313
Net Cash Growth	-5.76%	-1.49%	-10.96%	-4.91%	9.44%	463.67%
Net Cash Per Share	4.50	5.27	5.32	6.39	6.74	7.39
Filing Date Shares Outstanding	229.13	226.73	228.66	228.66	213.33	213.33
Total Common Shares Outstanding	229.13	226.73	228.66	228.66	213.33	213.33
Working Capital	1,261	1,077	1,169	1,738	1,511	1,382
Book Value Per Share	13.72	13.33	12.46	11.56	9.60	8.27
Tangible Book Value	2,762	2,631	2,480	2,497	1,931	1,655
Tangible Book Value Per Share	12.06	11.60	10.85	10.92	9.05	7.76
Buildings	-	1,004	641.88	414.77	414.6	327.35
Machinery	-	405.58	262.55	214.65	124.39	111.46
Construction In Progress	-	317.6	430.44	170.21	79.23	57.9

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