HAXC Holdings (Beijing) 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	78.02	144.59	194.51	390.91	509.19	623.41
Short-Term Investments	-	-	-	-	15	45
Cash & Short-Term Investments	78.02	144.59	194.51	390.91	524.19	668.41
Cash Growth	-42.49%	-25.66%	-50.24%	-25.43%	-21.58%	-14.77%
Accounts Receivable	287.69	316.06	443.84	351.21	475.35	523.84
Other Receivables	2.47	57.22	42.18	25.61	12.03	38.98
Receivables	290.16	373.28	486.02	376.82	487.38	562.83
Inventory	107.56	112.48	79.31	47.86	70.82	9.86
Other Current Assets	120.72	15.27	31.13	36.99	38.68	18.31
Total Current Assets	596.47	645.63	790.96	852.58	1,121	1,259
Property, Plant & Equipment	430.5	434.02	399.03	292.48	80.65	13.77
Long-Term Investments	22.64	20.48	30.54	49.63	15.75	-
Other Intangible Assets	43.1	43.02	43.12	42.78	50.41	9.99
Long-Term Deferred Tax Assets	80.84	75.62	69.02	40.52	25.14	12.32
Long-Term Deferred Charges	0.03	0.06	0.29	11.48	2.33	1.41
Other Long-Term Assets	4.17	4.17	10.61	39.95	64.01	22.65
Total Assets	1,178	1,223	1,344	1,329	1,359	1,320
Accounts Payable	39.42	55.27	68.74	24.93	8.62	34.83
Accrued Expenses	4.34	6.58	8.04	7.39	14.58	8.55
Short-Term Debt	60.03	70.13	60.04	2.51	-	-
Current Portion of Leases	0.24	0.46	1.01	2.6	5.7	1.44
Current Income Taxes Payable	2.1	0.58	0.51	0.98	3.65	7.83
Current Unearned Revenue	6.19	4.08	5.02	5.3	8.11	3.87
Other Current Liabilities	3.7	7.35	2.54	0.54	4.1	0.26
Total Current Liabilities	116.02	144.44	145.91	44.24	44.75	56.77
Long-Term Leases	0.04	0.11	0.14	0.46	5.12	1.45
Long-Term Unearned Revenue	28.63	28.81	29.56	34.47	5.54	0.71
Long-Term Deferred Tax Liabilities	0.08	0.15	0.24	0.77	2.46	-
Total Liabilities	144.77	173.52	175.85	79.94	57.88	58.93
Common Stock	80	80	80	80	80	80
Additional Paid-In Capital	958.28	958.28	960.18	960.18	960.09	960.09
Retained Earnings	-30.64	-12.77	108.85	196.91	253.35	222.78
Comprehensive Income & Other	4.71	4.64	3.73	3.85	2.44	-2.13
Total Common Equity	1,012	1,030	1,153	1,241	1,296	1,261
Minority Interest	20.62	19.34	14.95	8.54	5.6	-0.14
Shareholders' Equity	1,033	1,049	1,168	1,249	1,301	1,261
Total Liabilities & Equity	1,178	1,223	1,344	1,329	1,359	1,320
Total Debt	60.31	70.7	61.2	5.57	10.82	2.89
Net Cash (Debt)	17.71	73.89	133.31	385.34	513.37	665.52
Net Cash Growth	-76.28%	-44.57%	-65.40%	-24.94%	-22.86%	-15.14%
Net Cash Per Share	0.22	0.92	1.67	4.86	6.39	8.29
Filing Date Shares Outstanding	80	80	80	80	80	80
Total Common Shares Outstanding	80	80	80	80	80	80
Working Capital	480.44	501.18	645.05	808.34	1,076	1,203
Book Value Per Share	12.65	12.88	14.41	15.51	16.20	15.76
Tangible Book Value	969.25	987.12	1,110	1,198	1,245	1,251
Tangible Book Value Per Share	12.12	12.34	13.87	14.98	15.57	15.63
Buildings	-	304.51	160.27	10.29	11.12	11.12
Machinery	-	112.29	90.82	62.18	48.45	7.44
Construction In Progress	-	67.6	175.06	234.07	21.67	-