Jiangxi First Hydraulic 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	188.25	417.8	617.75	50.44	57.38	86.56
Short-Term Investments	-	163.46	-	-	-	-
Trading Asset Securities	343	0	-	18	82.5	0.5
Cash & Short-Term Investments	531.25	581.26	617.75	68.44	139.88	87.06
Cash Growth	0.66%	-5.91%	802.59%	-51.07%	60.67%	25.41%
Accounts Receivable	271.64	266.41	227.4	223.87	165.06	127.28
Other Receivables	5.63	3.07	2.33	1.46	3.4	1.99
Receivables	277.27	269.48	229.72	225.33	168.47	136.53
Inventory	80.66	57.28	63.2	53.25	71.81	72.16
Prepaid Expenses	-	0.02	0.21	0	0.77	0.09
Other Current Assets	13.63	5.67	8.44	8.93	12.09	8.83
Total Current Assets	902.81	913.71	919.33	355.95	393.02	304.67
Property, Plant & Equipment	426.35	368.03	303.84	287.8	212.02	93.02
Long-Term Investments	-	17.43	17.93	18	-	-
Other Intangible Assets	38.27	39.01	31.28	31.57	36.81	14.09
Long-Term Deferred Tax Assets	19.17	19.14	18.37	17.69	15.14	3.26
Long-Term Deferred Charges	27.15	20.79	23.25	20.73	3.42	1.21
Other Long-Term Assets	6	15.52	0.64	11.7	3.87	3.97
Total Assets	1,420	1,394	1,315	743.44	664.29	420.22
Accounts Payable	74.94	82.96	75.03	99.32	63.29	91.46
Accrued Expenses	11.13	21	14.94	32.89	26.98	28.62
Short-Term Debt	3.18	6.32	6.65	5.91	44.82	39.1
Current Portion of Leases	4.77	5.86	6.27	6.31	8.38	3.41
Current Income Taxes Payable	6.84	3.39	3.58	32.39	12.28	3.45
Current Unearned Revenue	0.91	1.46	4	1.47	0.84	1.68
Other Current Liabilities	33	27.74	10.48	23.42	102.83	22.95
Total Current Liabilities	134.76	148.74	120.95	201.71	259.41	190.67
Long-Term Leases	7.3	6.53	1.94	5.86	10.87	-
Long-Term Unearned Revenue	77.96	80.26	81.02	69.68	69.77	0.54
Long-Term Deferred Tax Liabilities	1.93	2.01	1.94	2.55	1.15	1.21
Other Long-Term Liabilities	1.79	1.62	1.46	1.6	1.87	1.36
Total Liabilities	223.73	239.17	207.31	281.41	343.07	193.78
Common Stock	104	104	80	60	60	46
Additional Paid-In Capital	608.6	605.76	629.97	74.3	74.3	16.66
Retained Earnings	467.68	421.99	376	307.54	172.04	155.36
Total Common Equity	1,180	1,132	1,086	441.84	306.34	218.02
Minority Interest	15.78	22.71	21.36	20.19	14.88	8.43
Shareholders' Equity	1,196	1,154	1,107	462.03	321.22	226.45
Total Liabilities & Equity	1,420	1,394	1,315	743.44	664.29	420.22
Total Debt	15.25	18.72	14.86	18.08	64.07	42.51
Net Cash (Debt)	516	562.54	602.89	50.37	75.81	44.55
Net Cash Growth	0.20%	-6.69%	1097.03%	-33.56%	70.16%	254.37%
Net Cash Per Share	4.53	5.44	8.80	0.65	0.97	-
Filing Date Shares Outstanding	104	104	104	78	77.8	-
Total Common Shares Outstanding	104	104	104	78	77.8	-
Working Capital	768.05	764.97	798.38	154.23	133.61	114.01
Book Value Per Share	11.35	10.88	10.44	5.66	3.94	-
Tangible Book Value	1,142	1,093	1,055	410.28	269.52	203.93
Tangible Book Value Per Share	10.98	10.51	10.14	5.26	3.46	-
Buildings	-	242.8	206.42	177.65	68.75	68.24
Machinery	-	147.4	138.98	108.05	101.78	70.33
Construction In Progress	-	57.88	22.61	44.7	88.32	7.58

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