Hengdeli Holdings 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	1,228	937.04	990.82	1,050	661.02
Short-Term Investments	99.24	329.6	318.44	272.7	273.8
Trading Asset Securities	-	12.18	10.65	7.34	11.59
Cash & Short-Term Investments	1,327	1,279	1,320	1,330	946.4
Cash Growth	3.77%	-3.11%	-0.78%	40.56%	-25.54%
Accounts Receivable	364.82	458.65	338.54	342.83	339.97
Other Receivables	85.12	85.74	120.21	128.02	48.23
Receivables	483.18	600.31	538.78	642.7	624.46
Inventory	137.95	175.43	258.12	237.77	597.51
Prepaid Expenses	66.11	50.87	53.55	128.37	86.42
Total Current Assets	2,014	2,105	2,170	2,339	2,255
Property, Plant & Equipment	509.98	538.21	551.14	512.03	515.75
Long-Term Investments	503.08	563.4	505.97	488.11	576.47
Goodwill	52.2	53.73	52.61	52.01	49.24
Other Intangible Assets	4.5	5.25	2.73	3.42	2.86
Long-Term Deferred Tax Assets	0.83	1.13	3.26	2.72	0.32
Other Long-Term Assets	259.49	267	313.11	128.44	131.97
Total Assets	3,344	3,534	3,599	3,526	3,531
Accounts Payable	98.45	97.83	144.58	119.37	99.98
Current Portion of Long-Term Debt	37.14	45.95	76.65	56.8	46.93
Current Portion of Leases	7.57	9.19	8.31	10.8	11.77
Current Income Taxes Payable	1.24	3.01	2.85	4.96	3.59
Current Unearned Revenue	25.87	29.75	20.87	16.86	3.28
Other Current Liabilities	51.18	41.2	61.47	65.71	53.89
Total Current Liabilities	221.46	226.92	314.73	274.5	219.44
Long-Term Debt	11.13	12.05	17.48	24.92	26.95
Long-Term Leases	10.57	15.66	21.31	6.54	12.08
Long-Term Deferred Tax Liabilities	-	-	-	-	0.45
Total Liabilities	243.15	254.64	353.52	305.96	258.93
Common Stock	21.25	21.25	21.25	21.25	21.52
Additional Paid-In Capital	-	2,554	2,554	2,554	2,571
Retained Earnings	-	773.21	866.31	871.15	963.05
Comprehensive Income & Other	3,008	-138.87	-255.51	-284.85	-350.54
Total Common Equity	3,029	3,210	3,186	3,162	3,205
Minority Interest	71.99	69.93	59.6	58.29	67.87
Shareholders' Equity	3,101	3,280	3,246	3,220	3,272
Total Liabilities & Equity	3,344	3,534	3,599	3,526	3,531
Total Debt	66.41	82.86	123.76	99.07	97.73
Net Cash (Debt)	1,261	1,196	1,196	1,231	848.67
Net Cash Growth	5.41%	-0.02%	-2.84%	45.07%	-29.71%
Net Cash Per Share	0.29	0.27	0.27	0.28	0.19
Filing Date Shares Outstanding	4,404	4,404	4,404	4,404	4,465
Total Common Shares Outstanding	4,404	4,404	4,404	4,404	4,465
Working Capital	1,793	1,879	1,856	2,065	2,035
Book Value Per Share	0.69	0.73	0.72	0.72	0.72
Tangible Book Value	2,973	3,151	3,131	3,106	3,153
Tangible Book Value Per Share	0.67	0.72	0.71	0.71	0.71
Land	-	514.89	497.62	72.49	73.49
Buildings	-	-	-	353.21	320.86
Machinery	-	177.28	170.98	169.18	152.9
Construction In Progress	-	22.39	26.06	82.13	95.35
Leasehold Improvements	-	108.93	94.1	63.94	57.59

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.