Hualan Group 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	478.33	571.6	573.77	785.1	910.78	645.43
Short-Term Investments	-	-	-	-	0.63	-
Trading Asset Securities	65	60	100.23	-	-	-
Cash & Short-Term Investments	543.33	631.61	674	785.1	911.41	645.43
Cash Growth	4.10%	-6.29%	-14.15%	-13.86%	41.21%	39.97%
Accounts Receivable	789.46	837.43	854.67	804.81	658.8	417.78
Other Receivables	9.99	12.51	13.13	17.74	23.17	32.13
Receivables	799.46	849.93	867.8	822.55	681.98	449.9
Prepaid Expenses	-	0.96	0.93	0.64	2	-
Other Current Assets	34.08	36	13.4	4.39	2.75	4.31
Total Current Assets	1,377	1,519	1,556	1,613	1,598	1,100
Property, Plant & Equipment	529.8	455.52	175.56	61.49	35.07	78.71
Long-Term Investments	28.98	29.46	33.87	32.64	32.45	32.65
Goodwill	0.98	0.98	0.98	-	0.21	0.21
Other Intangible Assets	18.69	23.26	27.39	27.44	29.38	31.84
Long-Term Deferred Tax Assets	117.38	107.9	83.92	56.75	31.62	15.93
Long-Term Deferred Charges	1.78	3.24	5.43	7.68	5.27	8.22
Other Long-Term Assets	43.07	74.17	85.26	59.87	59.8	0.22
Total Assets	2,118	2,213	1,969	1,859	1,792	1,267
Accounts Payable	103.62	169.72	86.79	70.42	49.11	45.42
Accrued Expenses	416.33	458.97	446.4	439.72	421.96	358.32
Short-Term Debt	50.04	120.07	150.1	100.05	160.12	150.15
Current Portion of Long-Term Debt	-	21.21	8.32	1.99	-	-
Current Portion of Leases	-	7.3	8.3	7.32	7.65	-
Current Income Taxes Payable	15.78	23.61	24.56	25.22	25.36	13.21
Current Unearned Revenue	91.57	58.8	65.4	58.39	68.61	100.8
Other Current Liabilities	110.52	115.17	107.03	156.7	119.7	157.03
Total Current Liabilities	787.86	974.84	896.89	859.81	852.5	824.93
Long-Term Debt	182.34	173.03	65.45	12.82	-	-
Long-Term Leases	62.38	35.75	15.11	10.29	7.06	-
Long-Term Unearned Revenue	-	-	0.59	0.75	1.66	0.48
Long-Term Deferred Tax Liabilities	4.6	3.08	3.54	2.55	-	-
Other Long-Term Liabilities	105.29	63.07	4.28	10.08	7.02	8.75
Total Liabilities	1,142	1,250	985.86	896.31	868.24	834.16
Common Stock	147	147.86	148.29	147	147	110.2
Additional Paid-In Capital	381.17	386.89	395.43	390.88	390.41	57.76
Retained Earnings	424.31	414.39	428.25	413.63	382.42	254.88
Treasury Stock	-	-6.58	-9.87	-	-	-
Total Common Equity	952.49	942.57	962.1	951.51	919.83	422.84
Minority Interest	22.57	20.71	20.57	10.73	3.85	10.43
Shareholders' Equity	975.06	963.28	982.67	962.24	923.69	433.26
Total Liabilities & Equity	2,118	2,213	1,969	1,859	1,792	1,267
Total Debt	294.77	357.35	247.27	132.47	174.83	150.15
Net Cash (Debt)	248.56	274.25	426.73	652.63	736.58	495.28
Net Cash Growth	34.77%	-35.73%	-34.61%	-11.40%	48.72%	49.67%
Net Cash Per Share	1.66	1.79	2.81	4.41	5.89	4.49
Filing Date Shares Outstanding	147	147	147	148.29	147	110.2
Total Common Shares Outstanding	147	147	147	147	147	110.2
Working Capital	589.01	543.66	659.23	752.86	745.64	274.71
Book Value Per Share	6.48	6.41	6.54	6.47	6.26	3.84
Tangible Book Value	932.82	918.32	933.74	924.07	890.24	390.79
Tangible Book Value Per Share	6.35	6.25	6.35	6.29	6.06	3.55
Buildings	-	74.09	74.23	63.77	63.77	150.82
Machinery	-	34.97	34	31.03	30.97	31.59
Construction In Progress	-	95.18	40.86	7.89	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.