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	2015 - 2019
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	2015 - 2019
Cash & Equivalents	745.88	883.49	991.29	1,158	245.95	202.78	Upgrade
Short-Term Investments	-	6.07	6.68	-	-	-	Upgrade
Trading Asset Securities	-	5.01	-	-	-	0	Upgrade
Cash & Short-Term Investments	745.88	894.57	997.98	1,158	245.95	202.78	Upgrade
Cash Growth	-8.19%	-10.36%	-13.85%	370.98%	21.29%	40.06%	Upgrade
Accounts Receivable	597.84	627.53	629.18	591.93	532.7	436.82	Upgrade
Other Receivables	23.95	1.94	9.15	11.06	3.54	1.44	Upgrade
Receivables	621.79	629.47	638.34	603	536.24	438.26	Upgrade
Inventory	155.82	74.66	27.41	20.57	27.35	21.53	Upgrade
Prepaid Expenses	-	-	-	0.47	-	-	Upgrade
Other Current Assets	78.58	61.31	36.7	20.18	14.53	21.97	Upgrade
Total Current Assets	1,602	1,660	1,700	1,803	824.07	684.54	Upgrade
Property, Plant & Equipment	710.11	569.46	450.68	377.4	292.01	282.81	Upgrade
Other Intangible Assets	117.57	100.9	82.92	73.7	75.87	67.63	Upgrade
Long-Term Deferred Tax Assets	18.24	14.57	10.95	7.41	5.43	4.12	Upgrade
Long-Term Deferred Charges	11.58	8.43	2.96	1.4	2.56	4.84	Upgrade
Other Long-Term Assets	35.71	24.58	25.14	5.04	9.43	2.31	Upgrade
Total Assets	2,545	2,378	2,273	2,268	1,209	1,046	Upgrade
Accounts Payable	54.36	57.53	26.18	36.88	34.55	33.51	Upgrade
Accrued Expenses	18.53	22.21	22.54	38.32	33.6	26.34	Upgrade
Short-Term Debt	0.61	1.37	1.8	-	48.64	15.02	Upgrade
Current Portion of Long-Term Debt	-	-	-	-	21.42	15	Upgrade
Current Portion of Leases	2.87	2.99	3.16	2.41	0.71	-	Upgrade
Current Income Taxes Payable	3.43	2.04	2.94	7.16	2.63	3.95	Upgrade
Current Unearned Revenue	42.4	22.26	10.72	18.82	26.48	47.64	Upgrade
Other Current Liabilities	69.36	22.26	15.55	16.44	15.87	18.79	Upgrade
Total Current Liabilities	191.55	130.65	82.9	120.02	183.9	160.25	Upgrade
Long-Term Debt	-	-	-	-	-	21.08	Upgrade
Long-Term Leases	3.39	5.64	8.73	11.1	4.91	-	Upgrade
Long-Term Unearned Revenue	29.13	28.03	30.74	33.64	37.02	39.66	Upgrade
Long-Term Deferred Tax Liabilities	3.41	0.09	0.13	0.19	-	0	Upgrade
Other Long-Term Liabilities	97.69	81.5	77.69	74.06	-	-	Upgrade
Total Liabilities	325.17	245.91	200.19	239.01	225.83	220.99	Upgrade
Common Stock	302.97	302.97	302.97	302.97	227.22	227.22	Upgrade
Additional Paid-In Capital	1,114	1,117	1,115	1,116	266.23	266.23	Upgrade
Retained Earnings	712.9	670.63	623.39	595.36	483.87	327.46	Upgrade
Treasury Stock	-26.78	-33.51	-	-	-	-	Upgrade
Comprehensive Income & Other	12.25	11.08	8.87	6.56	4.3	2.32	Upgrade
Total Common Equity	2,115	2,068	2,050	2,021	981.63	823.23	Upgrade
Minority Interest	104.41	64.36	22.84	7.81	1.92	2.02	Upgrade
Shareholders' Equity	2,220	2,132	2,073	2,029	983.55	825.26	Upgrade
Total Liabilities & Equity	2,545	2,378	2,273	2,268	1,209	1,046	Upgrade
Total Debt	6.86	10	13.69	13.51	75.68	51.1	Upgrade
Net Cash (Debt)	739.02	884.57	984.29	1,145	170.28	151.68	Upgrade
Net Cash Growth	-7.96%	-10.13%	-14.03%	572.36%	12.26%	144.71%	Upgrade
Net Cash Per Share	2.52	2.95	3.22	5.03	0.75	0.67	Upgrade
Filing Date Shares Outstanding	299.48	299.2	302.97	302.97	227.22	227.22	Upgrade
Total Common Shares Outstanding	299.48	299.2	302.97	302.97	227.22	227.22	Upgrade
Working Capital	1,411	1,529	1,618	1,683	640.17	524.29	Upgrade
Book Value Per Share	7.06	6.91	6.77	6.67	4.32	3.62	Upgrade
Tangible Book Value	1,966	1,967	1,967	1,947	905.76	755.6	Upgrade
Tangible Book Value Per Share	6.57	6.57	6.49	6.43	3.99	3.33	Upgrade
Buildings	-	235.84	231.44	225.35	211.17	178.32	Upgrade
Machinery	-	299.78	299.59	257.79	147.4	129.43	Upgrade
Construction In Progress	-	220.6	78.65	26.66	48.59	76.74	Upgrade

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