HUAQIN (03296) Balance Sheet

81.950
-6.300-7.14%

Trading Jun 4 15:45 CST

90.68BMarket Cap18.62P/E (TTM)

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(Q1)Mar 31, 2026

(FY)Dec 31, 2025

(Q6)Jun 30, 2025

(FY)Dec 31, 2024

(FY)Dec 31, 2023

(FY)Dec 31, 2022

Assets

Current assets

Inventory

--18.1B

27.43%14.62B

--14.26B

164.20%11.48B

-30.07%4.34B

--6.21B

Accounts receivable

--33B

34.74%34.37B

--35.9B

76.92%25.51B

0.42%14.42B

--14.36B

Notes receivable

--270.72M

----

Advance deposits and other receivables

--340.55M

45.89%5.08B

--4.55B

96.85%3.48B

-3.65%1.77B

--1.84B

Withholding and tax receivable

----

242.71%50.61M

--4.31M

116.51%14.77M

-34.78%6.82M

--10.46M

Cash and equivalents

--17.19B

-10.11%10.27B

--12.03B

11.68%11.43B

127.20%10.23B

--4.5B

Fixed time deposit-current assets

----

2,838.12%952.86M

--104.66M

--32.43M

----

Secured deposit

----

67.85%3.72B

--4.45B

-11.53%2.22B

-24.97%2.51B

--3.34B

Financial assets at fair value-current assets

--1.55B

-33.96%777.91M

--1.33B

-56.81%1.18B

350.43%2.73B

--605.4M

Derivative financial instruments-current assets

----

-39.88%134.06M

--139.02M

167.53%222.98M

-22.57%83.35M

--107.64M

Other current assets

--4.14B

----

Special items of current assets

--1.83B

15.14%765.49M

--519.16M

1,238.13%664.81M

-43.41%49.68M

--87.8M

Total current assets

--78.04B

25.84%70.75B

--73.28B

55.59%56.22B

16.34%36.13B

--31.06B

Non-current assets

Fixed assets

--12.59B

----

Property, plant and equipment

----

36.90%13.22B

--10.31B

25.12%9.65B

5.89%7.72B

--7.29B

Construction in progress

--633.88M

----

Advance payment

----

141.32%513.65M

--1.57B

171.88%212.85M

11.77%78.29M

--70.05M

Development expenditure

--10.41M

----

Associated company interest

----

152.49%4.16B

--1.72B

43.66%1.65B

-6.98%1.15B

--1.23B

Fixed time deposit-non-current assets

----

-63.49%526.3M

--1.36B

15.91%1.44B

--1.24B

----

long-term investment

--4.19B

----

Financial assets at fair value-non-current assets

----

9.15%2.69B

--2.5B

-1.58%2.46B

-1.18%2.5B

--2.53B

Intangible assets

--2.15B

6.23%653.87M

--613.8M

411.98%615.52M

26.50%120.22M

--95.04M

Goodwill

--1.35B

3.34%1.38B

--1.33B

222,248.58%1.33B

0.00%599K

--599K

Deferred tax assets

--511.96M

-20.03%417.5M

--592.73M

21.65%522.06M

31.61%429.14M

--326.06M

Other illiquid assets

--564.31M

----

Special items of non-current assets

--193.69M

----

-42.95%421.38M

--738.67M

----

Total non-current assets

--25.6B

26.82%25.46B

--21.7B

30.56%20.08B

20.18%15.38B

--12.79B

Total assets

--103.64B

26.09%96.21B

--94.99B

48.12%76.3B

17.46%51.51B

--43.85B

Liabilities

Current liabilities

Accounts payable

--35.58B

21.26%45.21B

--46.93B

72.33%37.28B

-2.65%21.63B

--22.22B

Notes payable

--11B

----

Tax payable

--747.49M

20.70%516.38M

--560.52M

196.62%427.82M

-20.28%144.23M

--180.92M

Other payables and accrued expenses

--562.91M

20.72%2.33B

--2.1B

24.47%1.93B

5.12%1.55B

--1.47B

Short-term borrowing

--17.34B

----

Bank loans and overdrafts

----

60.31%14.58B

--14.38B

91.14%9.09B

79.26%4.76B

--2.65B

Derivative financial instrument-current liabilities

----

-31.71%158.26M

--294.94M

364.10%231.75M

697.03%49.93M

--6.27M

Provision-current liabilities

----

--16.96M

----

Financial lease liabilities-current liabilities

----

4.43%225.71M

--230.87M

26.42%216.13M

165.49%170.96M

--64.4M

Other current liabilities

--37.17M

----

Special items of current liabilities

--501.44M

----

Total current liabilities

--68.13B

28.25%63.7B

--65.15B

74.73%49.67B

4.59%28.43B

--27.18B

Net current assets

--9.91B

7.54%7.05B

--8.13B

-14.99%6.55B

98.60%7.71B

--3.88B

Total assets less current liabilities

--35.51B

22.07%32.51B

--29.84B

15.35%26.63B

38.44%23.08B

--16.67B

Non-current liabilities

Long-term bank loan

--5.9B

92.06%4.75B

--4.42B

83.84%2.47B

-62.69%1.35B

--3.61B

Long-term remuneration payable to staff and workers

--42.82M

----

Financial lease liabilities-non-current liabilities

--496.89M

0.89%465.6M

--419.04M

71.58%461.51M

72.28%268.98M

--156.13M

Deferred tax liability

--400.38M

-20.54%413.05M

--516.24M

41.72%519.8M

20.29%366.78M

--304.92M

Deferred income-non-current liabilities

--357.27M

31.26%327.56M

--243.65M

-3.98%249.56M

31.94%259.91M

--197M

Provision-non-current liabilities

----

--159.54M

--142.52M

----

Issued debt instrument

--803.08M

----

Special items of non-current liabilities

----

--44.43M

----

Total non-current liabilities

--8.19B

66.31%6.16B

--5.75B

65.29%3.7B

-47.44%2.24B

--4.26B

Total liabilities

--76.32B

30.89%69.86B

--70.89B

74.04%53.37B

-2.46%30.67B

--31.44B

Total assets less total liabilities

--27.33B

14.92%26.35B

--24.09B

9.98%22.92B

67.94%20.84B

--12.41B

Total equity and non-current liabilities

--35.51B

22.07%32.51B

--29.84B

15.35%26.63B

38.44%23.08B

--16.67B

Equity

Share capital

--1.02B

-0.02%1.02B

--1.02B

40.27%1.02B

11.11%724.25M

--651.83M

Reserve

----

1.89%10.75B

--10.65B

-4.45%10.55B

109.33%11.04B

--5.27B

Capital reserve

--10.74B

----

Retained profit

----

27.82%14.03B

--11.93B

20.61%10.98B

40.97%9.1B

--6.46B

Undistributed profit

--15.05B

----

Shareholders' Equity

--26.77B

14.43%25.8B

--23.59B

8.04%22.54B

68.51%20.87B

--12.38B

Non-controlling interest

--554.25M

43.90%547.97M

--500.09M

1,735.47%380.8M

-182.29%-23.28M

--28.3M

Total equity

--27.33B

14.92%26.35B

--24.09B

9.98%22.92B

67.94%20.84B

--12.41B

Total equity and total liabilities

--103.64B

26.09%96.21B

--94.99B

48.12%76.3B

17.46%51.51B

--43.85B

Currency Unit

CNY

Accounting Standards

CAS (2007)

IAS

Audit Opinions

Unqualified Opinion

Auditor

Lixin Certified Public Accountants (Special General Partnership), Lixin Dehao Certified Public Accountants Limited (Hong Kong)

	(Q1)Mar 31, 2026	(FY)Dec 31, 2025	(Q6)Jun 30, 2025	(FY)Dec 31, 2024	(FY)Dec 31, 2023	(FY)Dec 31, 2022
Assets
Current assets
Inventory	--18.1B	27.43%14.62B	--14.26B	164.20%11.48B	-30.07%4.34B	--6.21B
Accounts receivable	--33B	34.74%34.37B	--35.9B	76.92%25.51B	0.42%14.42B	--14.36B
Notes receivable	--270.72M	----	----	----	----	----
Advance deposits and other receivables	--340.55M	45.89%5.08B	--4.55B	96.85%3.48B	-3.65%1.77B	--1.84B
Withholding and tax receivable	----	242.71%50.61M	--4.31M	116.51%14.77M	-34.78%6.82M	--10.46M
Cash and equivalents	--17.19B	-10.11%10.27B	--12.03B	11.68%11.43B	127.20%10.23B	--4.5B
Fixed time deposit-current assets	----	2,838.12%952.86M	--104.66M	--32.43M	----	----
Secured deposit	----	67.85%3.72B	--4.45B	-11.53%2.22B	-24.97%2.51B	--3.34B
Financial assets at fair value-current assets	--1.55B	-33.96%777.91M	--1.33B	-56.81%1.18B	350.43%2.73B	--605.4M
Derivative financial instruments-current assets	----	-39.88%134.06M	--139.02M	167.53%222.98M	-22.57%83.35M	--107.64M
Other current assets	--4.14B	----	----	----	----	----
Special items of current assets	--1.83B	15.14%765.49M	--519.16M	1,238.13%664.81M	-43.41%49.68M	--87.8M
Total current assets	--78.04B	25.84%70.75B	--73.28B	55.59%56.22B	16.34%36.13B	--31.06B
Non-current assets
Fixed assets	--12.59B	----	----	----	----	----
Property, plant and equipment	----	36.90%13.22B	--10.31B	25.12%9.65B	5.89%7.72B	--7.29B
Construction in progress	--633.88M	----	----	----	----	----
Advance payment	----	141.32%513.65M	--1.57B	171.88%212.85M	11.77%78.29M	--70.05M
Development expenditure	--10.41M	----	----	----	----	----
Associated company interest	----	152.49%4.16B	--1.72B	43.66%1.65B	-6.98%1.15B	--1.23B
Fixed time deposit-non-current assets	----	-63.49%526.3M	--1.36B	15.91%1.44B	--1.24B	----
long-term investment	--4.19B	----	----	----	----	----
Financial assets at fair value-non-current assets	----	9.15%2.69B	--2.5B	-1.58%2.46B	-1.18%2.5B	--2.53B
Intangible assets	--2.15B	6.23%653.87M	--613.8M	411.98%615.52M	26.50%120.22M	--95.04M
Goodwill	--1.35B	3.34%1.38B	--1.33B	222,248.58%1.33B	0.00%599K	--599K
Deferred tax assets	--511.96M	-20.03%417.5M	--592.73M	21.65%522.06M	31.61%429.14M	--326.06M
Other illiquid assets	--564.31M	----	----	----	----	----
Special items of non-current assets	--193.69M	----	----	-42.95%421.38M	--738.67M	----
Total non-current assets	--25.6B	26.82%25.46B	--21.7B	30.56%20.08B	20.18%15.38B	--12.79B
Total assets	--103.64B	26.09%96.21B	--94.99B	48.12%76.3B	17.46%51.51B	--43.85B
Liabilities
Current liabilities
Accounts payable	--35.58B	21.26%45.21B	--46.93B	72.33%37.28B	-2.65%21.63B	--22.22B
Notes payable	--11B	----	----	----	----	----
Tax payable	--747.49M	20.70%516.38M	--560.52M	196.62%427.82M	-20.28%144.23M	--180.92M
Other payables and accrued expenses	--562.91M	20.72%2.33B	--2.1B	24.47%1.93B	5.12%1.55B	--1.47B
Short-term borrowing	--17.34B	----	----	----	----	----
Bank loans and overdrafts	----	60.31%14.58B	--14.38B	91.14%9.09B	79.26%4.76B	--2.65B
Derivative financial instrument-current liabilities	----	-31.71%158.26M	--294.94M	364.10%231.75M	697.03%49.93M	--6.27M
Provision-current liabilities	----	--16.96M	----	----	----	----
Financial lease liabilities-current liabilities	----	4.43%225.71M	--230.87M	26.42%216.13M	165.49%170.96M	--64.4M
Other current liabilities	--37.17M	----	----	----	----	----
Special items of current liabilities	--501.44M	----	----	----	----	----
Total current liabilities	--68.13B	28.25%63.7B	--65.15B	74.73%49.67B	4.59%28.43B	--27.18B
Net current assets	--9.91B	7.54%7.05B	--8.13B	-14.99%6.55B	98.60%7.71B	--3.88B
Total assets less current liabilities	--35.51B	22.07%32.51B	--29.84B	15.35%26.63B	38.44%23.08B	--16.67B
Non-current liabilities
Long-term bank loan	--5.9B	92.06%4.75B	--4.42B	83.84%2.47B	-62.69%1.35B	--3.61B
Long-term remuneration payable to staff and workers	--42.82M	----	----	----	----	----
Financial lease liabilities-non-current liabilities	--496.89M	0.89%465.6M	--419.04M	71.58%461.51M	72.28%268.98M	--156.13M
Deferred tax liability	--400.38M	-20.54%413.05M	--516.24M	41.72%519.8M	20.29%366.78M	--304.92M
Deferred income-non-current liabilities	--357.27M	31.26%327.56M	--243.65M	-3.98%249.56M	31.94%259.91M	--197M
Provision-non-current liabilities	----	--159.54M	--142.52M	----	----	----
Issued debt instrument	--803.08M	----	----	----	----	----
Special items of non-current liabilities	----	--44.43M	----	----	----	----
Total non-current liabilities	--8.19B	66.31%6.16B	--5.75B	65.29%3.7B	-47.44%2.24B	--4.26B
Total liabilities	--76.32B	30.89%69.86B	--70.89B	74.04%53.37B	-2.46%30.67B	--31.44B
Total assets less total liabilities	--27.33B	14.92%26.35B	--24.09B	9.98%22.92B	67.94%20.84B	--12.41B
Total equity and non-current liabilities	--35.51B	22.07%32.51B	--29.84B	15.35%26.63B	38.44%23.08B	--16.67B
Equity
Share capital	--1.02B	-0.02%1.02B	--1.02B	40.27%1.02B	11.11%724.25M	--651.83M
Reserve	----	1.89%10.75B	--10.65B	-4.45%10.55B	109.33%11.04B	--5.27B
Capital reserve	--10.74B	----	----	----	----	----
Retained profit	----	27.82%14.03B	--11.93B	20.61%10.98B	40.97%9.1B	--6.46B
Undistributed profit	--15.05B	----	----	----	----	----
Shareholders' Equity	--26.77B	14.43%25.8B	--23.59B	8.04%22.54B	68.51%20.87B	--12.38B
Non-controlling interest	--554.25M	43.90%547.97M	--500.09M	1,735.47%380.8M	-182.29%-23.28M	--28.3M
Total equity	--27.33B	14.92%26.35B	--24.09B	9.98%22.92B	67.94%20.84B	--12.41B
Total equity and total liabilities	--103.64B	26.09%96.21B	--94.99B	48.12%76.3B	17.46%51.51B	--43.85B
Currency Unit	CNY	CNY	CNY	CNY	CNY	CNY
Accounting Standards	CAS (2007)	IAS	IAS	IAS	IAS	IAS
Audit Opinions	--	Unqualified Opinion	--	Unqualified Opinion	Unqualified Opinion	Unqualified Opinion
Auditor	--	Lixin Certified Public Accountants (Special General Partnership), Lixin Dehao Certified Public Accountants Limited (Hong Kong)	--	Lixin Certified Public Accountants (Special General Partnership), Lixin Dehao Certified Public Accountants Limited (Hong Kong)	Lixin Certified Public Accountants (Special General Partnership), Lixin Dehao Certified Public Accountants Limited (Hong Kong)	Lixin Certified Public Accountants (Special General Partnership), Lixin Dehao Certified Public Accountants Limited (Hong Kong)

FY: Financial Year. Refers to the 10-K file disclosed by the listed company to the SEC.

Q: Quarter. Refers to the 10-Q file disclosed by the listed company to the SEC. Q1, Q2, Q3, and Q4 are quarterly reports each with a span of 3 months; Q6 and Q9 are cumulative reports, with Q6 including 6 months and Q9 9 months.

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