Hengxin Technology Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	514.87	402.64	861.9	944.86	825.59	546.92
Short-Term Investments	31.28	29.91	29.65	264.13	301.21	506
Trading Asset Securities	-	-	-	2.95	-	-
Cash & Short-Term Investments	546.15	432.55	891.55	1,212	1,127	1,053
Cash Growth	-58.46%	-51.48%	-26.44%	7.56%	7.02%	-22.41%
Accounts Receivable	1,074	944.96	1,296	830.35	666.07	902.81
Other Receivables	987.98	600.38	31.07	10.63	21.51	52.66
Receivables	2,062	1,545	1,327	840.98	687.58	955.48
Inventory	259.72	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	464.07	599.88	427.23	207.11	65.54	27.67
Total Current Assets	3,332	2,799	2,928	2,518	2,077	2,291
Property, Plant & Equipment	1,918	1,218	1,095	1,155	212.36	168.19
Long-Term Investments	155.47	150.52	162.19	77.48	17.62	6.88
Goodwill	211.55	201.59	201.59	201.59	155.12	-
Other Intangible Assets	200.75	209.59	227.49	241.47	56.42	-
Long-Term Deferred Tax Assets	15.08	13.81	16.58	19.8	20.24	11.12
Other Long-Term Assets	44.92	335	35	35	3.32	-
Total Assets	5,878	4,927	4,666	4,248	2,542	2,477

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Accounts Payable	523.5	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	1,082	759.23	424.6	176.54	-	-
Current Portion of Leases	3.38	3.94	2.76	6.14	3.71	0.7
Current Income Taxes Payable	5.18	7.3	6.32	10.46	9.41	4.33
Current Unearned Revenue	67.23	63.21	55.95	62.22	40.43	6.16
Other Current Liabilities	145.1	30.19	14.45	25.17	60.61	16.01
Total Current Liabilities	1,826	1,420	1,230	648.83	632.5	677.53
Long-Term Debt	1,181	1,136	1,073	836.37	-	-
Long-Term Leases	46.12	46.23	0.93	3.92	2.91	0.11
Long-Term Unearned Revenue	1.99	1.63	0.91	0.88	2.46	4.79
Long-Term Deferred Tax Liabilities	14.13	15.4	14.14	19.2	15.65	7.86
Total Liabilities	3,078	2,619	2,319	1,509	653.51	690.28

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Common Stock	362.85	362.85	362.85	295	295	295
Retained Earnings	1,650	1,644	1,686	1,644	1,574	1,511
Comprehensive Income & Other	-493.67	-487.21	-486.94	-13.07	-12.15	-12.24
Total Common Equity	1,520	1,519	1,562	1,926	1,857	1,793
Minority Interest	1,281	788.75	785.22	812.86	31.72	-6.25
Shareholders' Equity	2,800	2,308	2,347	2,739	1,889	1,787
Total Liabilities & Equity	5,878	4,927	4,666	4,248	2,542	2,477

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Total Debt	2,312	1,945	1,502	1,023	235.25	331.1
Net Cash (Debt)	-1,766	-1,513	-610.16	188.98	891.56	721.82
Net Cash Growth	-	-	-	-78.80%	23.52%	-32.98%
Net Cash Per Share	-4.04	-3.46	-1.40	0.49	2.30	1.86
Filing Date Shares Outstanding	465.6	465.6	465.6	388	388	388
Total Common Shares Outstanding	465.6	465.6	465.6	388	388	388
Working Capital	1,506	1,379	1,699	1,869	1,445	1,614
Book Value Per Share	3.26	3.26	3.35	4.96	4.79	4.62
Tangible Book Value	1,107	1,108	1,133	1,483	1,646	1,793
Tangible Book Value Per Share	2.38	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