Hengxin Technology Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	402.64	861.9	944.86	825.59	546.92
Short-Term Investments	29.91	29.65	264.13	301.21	506
Trading Asset Securities	-	-	2.95	-	-
Cash & Short-Term Investments	432.55	891.55	1,212	1,127	1,053
Cash Growth	-51.48%	-26.44%	7.56%	7.02%	-22.41%
Accounts Receivable	944.96	1,296	830.35	666.07	902.81
Other Receivables	600.38	31.07	10.63	21.51	52.66
Receivables	1,545	1,327	840.98	687.58	955.48
Inventory	197.91	226.33	192.03	151.27	254.15
Prepaid Expenses	22.87	56.33	65.61	46.07	1.05
Other Current Assets	599.88	427.23	207.11	65.54	27.67
Total Current Assets	2,799	2,928	2,518	2,077	2,291
Property, Plant & Equipment	1,218	1,095	1,155	212.36	168.19
Long-Term Investments	150.52	162.19	77.48	17.62	6.88
Goodwill	201.59	201.59	201.59	155.12	-
Other Intangible Assets	209.59	227.49	241.47	56.42	-
Long-Term Deferred Tax Assets	13.81	16.58	19.8	20.24	11.12
Other Long-Term Assets	335	35	35	3.32	-
Total Assets	4,927	4,666	4,248	2,542	2,477
Accounts Payable	468.07	633.97	284.88	217.17	259.8
Accrued Expenses	87.97	91.65	83.42	72.53	60.23
Short-Term Debt	-	-	-	228.63	330.29
Current Portion of Long-Term Debt	759.23	424.6	176.54	-	-
Current Portion of Leases	3.94	2.76	6.14	3.71	0.7
Current Income Taxes Payable	7.3	6.32	10.46	9.41	4.33
Current Unearned Revenue	63.21	55.95	62.22	40.43	6.16
Other Current Liabilities	30.19	14.45	25.17	60.61	16.01
Total Current Liabilities	1,420	1,230	648.83	632.5	677.53
Long-Term Debt	1,136	1,073	836.37	-	-
Long-Term Leases	46.23	0.93	3.92	2.91	0.11
Long-Term Unearned Revenue	1.63	0.91	0.88	2.46	4.79
Long-Term Deferred Tax Liabilities	15.4	14.14	19.2	15.65	7.86
Total Liabilities	2,619	2,319	1,509	653.51	690.28
Common Stock	362.85	362.85	295	295	295
Retained Earnings	1,644	1,686	1,644	1,574	1,511
Comprehensive Income & Other	-487.21	-486.94	-13.07	-12.15	-12.24
Total Common Equity	1,519	1,562	1,926	1,857	1,793
Minority Interest	788.75	785.22	812.86	31.72	-6.25
Shareholders' Equity	2,308	2,347	2,739	1,889	1,787
Total Liabilities & Equity	4,927	4,666	4,248	2,542	2,477
Total Debt	1,945	1,502	1,023	235.25	331.1
Net Cash (Debt)	-1,513	-610.16	188.98	891.56	721.82
Net Cash Growth	-	-	-78.80%	23.52%	-32.98%
Net Cash Per Share	-3.46	-1.40	0.49	2.30	1.86
Filing Date Shares Outstanding	465.6	465.6	388	388	388
Total Common Shares Outstanding	465.6	465.6	388	388	388
Working Capital	1,379	1,699	1,869	1,445	1,614
Book Value Per Share	3.26	3.35	4.96	4.79	4.62
Tangible Book Value	1,108	1,133	1,483	1,646	1,793
Tangible Book Value Per Share	2.38	2.43	3.82	4.24	4.62
Buildings	143.42	143.42	143.42	92.94	92.94
Machinery	337.78	343.68	337.78	279.08	277.34
Construction In Progress	21.8	21.16	21.8	58.29	6.13