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	Jun '25 Jun 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	768.05	883.49	991.29	1,158	245.95	202.78	Upgrade
Short-Term Investments	12.2	6.07	6.68	-	-	-	Upgrade
Trading Asset Securities	-	5.01	-	-	-	0	Upgrade
Cash & Short-Term Investments	780.25	894.57	997.98	1,158	245.95	202.78	Upgrade
Cash Growth	-12.90%	-10.36%	-13.85%	370.98%	21.29%	40.06%	Upgrade
Accounts Receivable	662.65	627.53	629.18	591.93	532.7	436.82	Upgrade
Other Receivables	12.41	1.94	9.15	11.06	3.54	1.44	Upgrade
Receivables	675.05	629.47	638.34	603	536.24	438.26	Upgrade
Inventory	105.24	74.66	27.41	20.57	27.35	21.53	Upgrade
Prepaid Expenses	-	-	-	0.47	-	-	Upgrade
Other Current Assets	63.92	61.31	36.7	20.18	14.53	21.97	Upgrade
Total Current Assets	1,624	1,660	1,700	1,803	824.07	684.54	Upgrade
Property, Plant & Equipment	636.79	569.46	450.68	377.4	292.01	282.81	Upgrade
Other Intangible Assets	98.85	100.9	82.92	73.7	75.87	67.63	Upgrade
Long-Term Deferred Tax Assets	15.27	14.57	10.95	7.41	5.43	4.12	Upgrade
Long-Term Deferred Charges	10.71	8.43	2.96	1.4	2.56	4.84	Upgrade
Other Long-Term Assets	58.78	24.58	25.14	5.04	9.43	2.31	Upgrade
Total Assets	2,445	2,378	2,273	2,268	1,209	1,046	Upgrade
Accounts Payable	58.63	57.53	26.18	36.88	34.55	33.51	Upgrade
Accrued Expenses	19.63	22.21	22.54	38.32	33.6	26.34	Upgrade
Short-Term Debt	1.45	1.37	1.8	-	48.64	15.02	Upgrade
Current Portion of Long-Term Debt	-	-	-	-	21.42	15	Upgrade
Current Portion of Leases	3.59	2.99	3.16	2.41	0.71	-	Upgrade
Current Income Taxes Payable	1.92	2.04	2.94	7.16	2.63	3.95	Upgrade
Current Unearned Revenue	27.8	22.26	10.72	18.82	26.48	47.64	Upgrade
Other Current Liabilities	27.87	22.26	15.55	16.44	15.87	18.79	Upgrade
Total Current Liabilities	140.89	130.65	82.9	120.02	183.9	160.25	Upgrade
Long-Term Debt	-	-	-	-	-	21.08	Upgrade
Long-Term Leases	2.7	5.64	8.73	11.1	4.91	-	Upgrade
Long-Term Unearned Revenue	29.55	28.03	30.74	33.64	37.02	39.66	Upgrade
Long-Term Deferred Tax Liabilities	0.37	0.09	0.13	0.19	-	0	Upgrade
Other Long-Term Liabilities	83.49	81.5	77.69	74.06	-	-	Upgrade
Total Liabilities	257	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	1,117	1,117	1,115	1,116	266.23	266.23	Upgrade
Retained Earnings	708.9	670.63	623.39	595.36	483.87	327.46	Upgrade
Treasury Stock	-33.51	-33.51	-	-	-	-	Upgrade
Comprehensive Income & Other	11.94	11.08	8.87	6.56	4.3	2.32	Upgrade
Total Common Equity	2,107	2,068	2,050	2,021	981.63	823.23	Upgrade
Minority Interest	80.73	64.36	22.84	7.81	1.92	2.02	Upgrade
Shareholders' Equity	2,188	2,132	2,073	2,029	983.55	825.26	Upgrade
Total Liabilities & Equity	2,445	2,378	2,273	2,268	1,209	1,046	Upgrade
Total Debt	7.74	10	13.69	13.51	75.68	51.1	Upgrade
Net Cash (Debt)	772.51	884.57	984.29	1,145	170.28	151.68	Upgrade
Net Cash Growth	-12.58%	-10.13%	-14.03%	572.36%	12.26%	144.71%	Upgrade
Net Cash Per Share	2.64	2.95	3.22	5.03	0.75	0.67	Upgrade
Filing Date Shares Outstanding	299.2	299.2	302.97	302.97	227.22	227.22	Upgrade
Total Common Shares Outstanding	299.2	299.2	302.97	302.97	227.22	227.22	Upgrade
Working Capital	1,484	1,529	1,618	1,683	640.17	524.29	Upgrade
Book Value Per Share	7.04	6.91	6.77	6.67	4.32	3.62	Upgrade
Tangible Book Value	2,008	1,967	1,967	1,947	905.76	755.6	Upgrade
Tangible Book Value Per Share	6.71	6.57	6.49	6.43	3.99	3.33	Upgrade
Buildings	235.84	235.84	231.44	225.35	211.17	178.32	Upgrade
Machinery	305.51	299.78	299.59	257.79	147.4	129.43	Upgrade
Construction In Progress	300.97	220.6	78.65	26.66	48.59	76.74	Upgrade

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