Hwaxin Environmental 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	745.88	883.49	991.29	1,158	245.95	202.78
Short-Term Investments	-	6.07	6.68	-	-	-
Trading Asset Securities	-	5.01	-	-	-	0
Cash & Short-Term Investments	745.88	894.57	997.98	1,158	245.95	202.78
Cash Growth	-8.19%	-10.36%	-13.85%	370.98%	21.29%	40.06%
Accounts Receivable	597.84	627.53	629.18	591.93	532.7	436.82
Other Receivables	23.95	1.94	9.15	11.06	3.54	1.44
Receivables	621.79	629.47	638.34	603	536.24	438.26
Inventory	155.82	74.66	27.41	20.57	27.35	21.53
Prepaid Expenses	-	-	-	0.47	-	-
Other Current Assets	78.58	61.31	36.7	20.18	14.53	21.97
Total Current Assets	1,602	1,660	1,700	1,803	824.07	684.54
Property, Plant & Equipment	710.11	569.46	450.68	377.4	292.01	282.81
Other Intangible Assets	117.57	100.9	82.92	73.7	75.87	67.63
Long-Term Deferred Tax Assets	18.24	14.57	10.95	7.41	5.43	4.12
Long-Term Deferred Charges	11.58	8.43	2.96	1.4	2.56	4.84
Other Long-Term Assets	35.71	24.58	25.14	5.04	9.43	2.31
Total Assets	2,545	2,378	2,273	2,268	1,209	1,046
Accounts Payable	54.36	57.53	26.18	36.88	34.55	33.51
Accrued Expenses	18.53	22.21	22.54	38.32	33.6	26.34
Short-Term Debt	0.61	1.37	1.8	-	48.64	15.02
Current Portion of Long-Term Debt	-	-	-	-	21.42	15
Current Portion of Leases	2.87	2.99	3.16	2.41	0.71	-
Current Income Taxes Payable	3.43	2.04	2.94	7.16	2.63	3.95
Current Unearned Revenue	42.4	22.26	10.72	18.82	26.48	47.64
Other Current Liabilities	69.36	22.26	15.55	16.44	15.87	18.79
Total Current Liabilities	191.55	130.65	82.9	120.02	183.9	160.25
Long-Term Debt	-	-	-	-	-	21.08
Long-Term Leases	3.39	5.64	8.73	11.1	4.91	-
Long-Term Unearned Revenue	29.13	28.03	30.74	33.64	37.02	39.66
Long-Term Deferred Tax Liabilities	3.41	0.09	0.13	0.19	-	0
Other Long-Term Liabilities	97.69	81.5	77.69	74.06	-	-
Total Liabilities	325.17	245.91	200.19	239.01	225.83	220.99
Common Stock	302.97	302.97	302.97	302.97	227.22	227.22
Additional Paid-In Capital	1,114	1,117	1,115	1,116	266.23	266.23
Retained Earnings	712.9	670.63	623.39	595.36	483.87	327.46
Treasury Stock	-26.78	-33.51	-	-	-	-
Comprehensive Income & Other	12.25	11.08	8.87	6.56	4.3	2.32
Total Common Equity	2,115	2,068	2,050	2,021	981.63	823.23
Minority Interest	104.41	64.36	22.84	7.81	1.92	2.02
Shareholders' Equity	2,220	2,132	2,073	2,029	983.55	825.26
Total Liabilities & Equity	2,545	2,378	2,273	2,268	1,209	1,046
Total Debt	6.86	10	13.69	13.51	75.68	51.1
Net Cash (Debt)	739.02	884.57	984.29	1,145	170.28	151.68
Net Cash Growth	-7.96%	-10.13%	-14.03%	572.36%	12.26%	144.71%
Net Cash Per Share	2.52	2.95	3.22	5.03	0.75	0.67
Filing Date Shares Outstanding	299.48	299.2	302.97	302.97	227.22	227.22
Total Common Shares Outstanding	299.48	299.2	302.97	302.97	227.22	227.22
Working Capital	1,411	1,529	1,618	1,683	640.17	524.29
Book Value Per Share	7.06	6.91	6.77	6.67	4.32	3.62
Tangible Book Value	1,966	1,967	1,967	1,947	905.76	755.6
Tangible Book Value Per Share	6.57	6.57	6.49	6.43	3.99	3.33
Buildings	-	235.84	231.44	225.35	211.17	178.32
Machinery	-	299.78	299.59	257.79	147.4	129.43
Construction In Progress	-	220.6	78.65	26.66	48.59	76.74

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