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 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	Dec '21 Dec 31, 2021
Cash & Equivalents	205.67	533.63	417.8	617.75	50.44	57.38
Short-Term Investments	-	-	163.46	-	-	-
Trading Asset Securities	304	-	0	-	18	82.5
Cash & Short-Term Investments	509.67	533.63	581.26	617.75	68.44	139.88
Cash Growth	27.18%	-8.20%	-5.91%	802.59%	-51.07%	60.67%
Accounts Receivable	297.81	294.43	266.41	227.4	223.87	165.06
Other Receivables	6.89	4.05	3.07	2.33	1.46	3.4
Receivables	304.7	298.48	269.48	229.72	225.33	168.47
Inventory	114.08	95.87	57.28	63.2	53.25	71.81
Prepaid Expenses	-	0.05	0.02	0.21	0	0.77
Other Current Assets	14.73	10.96	5.67	8.44	8.93	12.09
Total Current Assets	943.18	938.99	913.71	919.33	355.95	393.02
Property, Plant & Equipment	429.48	435.8	368.03	303.84	287.8	212.02
Long-Term Investments	-	-	17.43	17.93	18	-
Other Intangible Assets	38.27	38.12	39.01	31.28	31.57	36.81
Long-Term Deferred Tax Assets	20.44	20.16	19.14	18.37	17.69	15.14
Long-Term Deferred Charges	27.13	28.21	20.79	23.25	20.73	3.42
Other Long-Term Assets	7.23	3.38	15.52	0.64	11.7	3.87
Total Assets	1,466	1,465	1,394	1,315	743.44	664.29
Accounts Payable	83.84	96.54	82.96	75.03	99.32	63.29
Accrued Expenses	13.24	30.42	20.77	14.94	32.89	26.98
Short-Term Debt	0.1	1.65	6.32	6.65	5.91	44.82
Current Portion of Leases	6.67	7.19	5.86	6.27	6.31	8.38
Current Income Taxes Payable	10.21	2.52	3.39	3.58	32.39	12.28
Current Unearned Revenue	3.13	0.98	1.46	4	1.47	0.84
Other Current Liabilities	28.61	27.72	27.97	10.48	23.42	102.83
Total Current Liabilities	145.8	167.02	148.74	120.95	201.71	259.41
Long-Term Leases	4.89	5.87	6.53	1.94	5.86	10.87
Long-Term Unearned Revenue	76.43	77.19	80.26	81.02	69.68	69.77
Long-Term Deferred Tax Liabilities	1.9	2.03	2.01	1.94	2.55	1.15
Other Long-Term Liabilities	2.17	1.88	1.62	1.46	1.6	1.87
Total Liabilities	231.18	253.99	239.17	207.31	281.41	343.07
Common Stock	104	104	104	80	60	60
Additional Paid-In Capital	608.6	608.6	605.76	629.97	74.3	74.3
Retained Earnings	500.92	477.55	421.99	376	307.54	172.04
Comprehensive Income & Other	-0.16	-0.07	-	-	-	-
Total Common Equity	1,213	1,190	1,132	1,086	441.84	306.34
Minority Interest	21.19	20.6	22.71	21.36	20.19	14.88
Shareholders' Equity	1,235	1,211	1,154	1,107	462.03	321.22
Total Liabilities & Equity	1,466	1,465	1,394	1,315	743.44	664.29
Total Debt	11.66	14.71	18.72	14.86	18.08	64.07
Net Cash (Debt)	498.01	518.92	562.54	602.89	50.37	75.81
Net Cash Growth	28.01%	-7.75%	-6.69%	1097.03%	-33.56%	70.16%
Net Cash Per Share	4.76	4.96	5.44	8.80	0.65	0.97
Filing Date Shares Outstanding	104	104	104	104	78	77.8
Total Common Shares Outstanding	104	104	104	104	78	77.8
Working Capital	797.38	771.97	764.97	798.38	154.23	133.61
Book Value Per Share	11.67	11.44	10.88	10.44	5.66	3.94
Tangible Book Value	1,175	1,152	1,093	1,055	410.28	269.52
Tangible Book Value Per Share	11.30	11.08	10.51	10.14	5.26	3.46
Buildings	-	313.44	242.8	206.42	177.65	68.75
Machinery	-	216.55	147.4	138.98	108.05	101.78
Construction In Progress	-	5.44	57.88	22.61	44.7	88.32