Hualan Group 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	486.53	484.92	571.6	573.77	785.1	910.78
Short-Term Investments	-	-	-	-	-	0.63
Trading Asset Securities	-	50	60	100.23	-	-
Cash & Short-Term Investments	486.53	534.92	631.61	674	785.1	911.41
Cash Growth	0.81%	-15.31%	-6.29%	-14.15%	-13.86%	41.21%
Accounts Receivable	792.1	848.72	837.43	854.67	804.81	658.8
Other Receivables	10.12	8.28	12.51	13.13	17.74	23.17
Receivables	802.22	857	849.93	867.8	822.55	681.98
Prepaid Expenses	-	-	0.96	0.93	0.64	2
Other Current Assets	31.51	34.31	36	13.4	4.39	2.75
Total Current Assets	1,320	1,426	1,519	1,556	1,613	1,598
Property, Plant & Equipment	503.19	510.93	455.52	175.56	61.49	35.07
Long-Term Investments	30.15	30.15	29.46	33.87	32.64	32.45
Goodwill	0.98	0.98	0.98	0.98	-	0.21
Other Intangible Assets	17.66	19.08	23.26	27.39	27.44	29.38
Long-Term Deferred Tax Assets	140.89	139.34	107.9	83.92	56.75	31.62
Long-Term Deferred Charges	1.04	1.36	3.24	5.43	7.68	5.27
Other Long-Term Assets	40.75	41.9	74.17	85.26	59.87	59.8
Total Assets	2,055	2,170	2,213	1,969	1,859	1,792
Accounts Payable	128.96	127.7	169.72	86.79	70.42	49.11
Accrued Expenses	434.22	515.24	458.97	446.4	439.72	421.96
Short-Term Debt	27.02	27	120.07	150.1	100.05	160.12
Current Portion of Long-Term Debt	41.79	42.19	21.21	8.32	1.99	-
Current Portion of Leases	-	-	7.3	8.3	7.32	7.65
Current Income Taxes Payable	17.45	41.07	23.61	24.56	25.22	25.36
Current Unearned Revenue	66.38	61.43	58.8	65.4	58.39	68.61
Other Current Liabilities	74	71.64	115.17	107.03	156.7	119.7
Total Current Liabilities	789.81	886.26	974.84	896.89	859.81	852.5
Long-Term Debt	173.96	178.45	173.03	65.45	12.82	-
Long-Term Leases	60.77	62.98	35.75	15.11	10.29	7.06
Long-Term Unearned Revenue	0.35	1	-	0.59	0.75	1.66
Long-Term Deferred Tax Liabilities	3.91	3.9	3.08	3.54	2.55	-
Other Long-Term Liabilities	104.4	107.54	63.07	4.28	10.08	7.02
Total Liabilities	1,133	1,240	1,250	985.86	896.31	868.24
Common Stock	147	147	147.86	148.29	147	147
Additional Paid-In Capital	381.17	381.17	386.89	395.43	390.88	390.41
Retained Earnings	371.02	379.27	414.39	428.25	413.63	382.42
Treasury Stock	-	-	-6.58	-9.87	-	-
Total Common Equity	899.19	907.44	942.57	962.1	951.51	919.83
Minority Interest	22.52	22.39	20.71	20.57	10.73	3.85
Shareholders' Equity	921.72	929.83	963.28	982.67	962.24	923.69
Total Liabilities & Equity	2,055	2,170	2,213	1,969	1,859	1,792
Total Debt	303.54	310.61	357.35	247.27	132.47	174.83
Net Cash (Debt)	182.99	224.31	274.25	426.73	652.63	736.58
Net Cash Growth	8.23%	-18.21%	-35.73%	-34.61%	-11.40%	48.72%
Net Cash Per Share	1.28	1.53	1.79	2.81	4.41	5.89
Filing Date Shares Outstanding	136.54	160.22	147	147	148.29	147
Total Common Shares Outstanding	136.54	160.22	147	147	147	147
Working Capital	530.44	539.97	543.66	659.23	752.86	745.64
Book Value Per Share	6.59	5.66	6.41	6.54	6.47	6.26
Tangible Book Value	880.56	887.38	918.32	933.74	924.07	890.24
Tangible Book Value Per Share	6.45	5.54	6.25	6.35	6.29	6.06
Buildings	-	-	74.09	74.23	63.77	63.77
Machinery	-	-	34.97	34	31.03	30.97
Construction In Progress	-	-	95.18	40.86	7.89	-

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