Hevol Services Group Co. 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	239.45	273.71	378.21	275.92	391.23
Short-Term Investments	72.43	83.55	72.69	88.32	1.52
Trading Asset Securities	-	-	3.18	-	-
Cash & Short-Term Investments	311.89	357.26	454.07	364.24	392.74
Cash Growth	-12.70%	-21.32%	24.66%	-7.26%	25.33%
Accounts Receivable	386.98	426.19	362.97	421.1	217.42
Receivables	386.98	426.19	362.97	421.1	217.42
Inventory	0.73	1.25	1.38	1.62	0.59
Other Current Assets	236.06	222.69	129.71	141.57	75.11
Total Current Assets	935.65	1,007	948.13	928.54	685.86
Property, Plant & Equipment	59.38	23.78	23.58	25.75	20.25
Long-Term Investments	1.56	1.66	0.41	-	-
Goodwill	415.61	460.52	461.3	481.53	292.66
Other Intangible Assets	67.73	92.16	107.15	127.5	85.22
Long-Term Deferred Tax Assets	53.58	36.67	31.57	29.46	10.75
Other Long-Term Assets	74.83	105.34	80.33	40.48	79.5
Total Assets	1,608	1,728	1,652	1,633	1,174
Accounts Payable	149.16	137.31	128.4	123.45	53.54
Accrued Expenses	208.06	201.11	196.33	262.63	87.7
Short-Term Debt	-	-	-	-	0.63
Current Portion of Long-Term Debt	68.59	46.97	16.5	5	-
Current Portion of Leases	10.1	10.92	9.48	3.77	1.9
Current Income Taxes Payable	8.95	6.38	9.08	9.14	43.44
Current Unearned Revenue	367.42	381.43	334.88	295.69	182.71
Other Current Liabilities	123.96	106.81	110.87	168.01	190.8
Total Current Liabilities	936.24	890.92	805.54	867.68	560.72
Long-Term Debt	33.63	35.98	38.5	4	4
Long-Term Leases	13.65	6.83	5.51	3.32	0.65
Long-Term Deferred Tax Liabilities	19.29	24.71	25.62	26.79	20.85
Other Long-Term Liabilities	-	-	-	20	-
Total Liabilities	1,003	958.44	875.17	921.8	586.22
Common Stock	0.04	0.04	0.04	0.04	0.04
Additional Paid-In Capital	-	353.48	353.48	353.48	353.48
Retained Earnings	-	377.83	323.53	245.54	176.82
Comprehensive Income & Other	575.41	-38.26	19.91	15.6	-6.55
Total Common Equity	575.45	693.09	696.95	614.66	523.79
Minority Interest	30.07	76	80.35	96.81	64.24
Shareholders' Equity	605.52	769.08	777.31	711.47	588.03
Total Liabilities & Equity	1,608	1,728	1,652	1,633	1,174
Total Debt	125.97	100.7	69.99	16.09	7.18
Net Cash (Debt)	185.92	256.56	384.08	348.15	385.57
Net Cash Growth	-27.54%	-33.20%	10.32%	-9.70%	24.99%
Net Cash Per Share	0.33	0.46	0.69	0.62	0.70
Filing Date Shares Outstanding	560	560	560	560	560
Total Common Shares Outstanding	560	560	560	560	560
Working Capital	-0.59	116.46	142.6	60.86	125.14
Book Value Per Share	1.03	1.24	1.24	1.10	0.94
Tangible Book Value	92.11	140.41	128.51	5.63	145.91
Tangible Book Value Per Share	0.16	0.25	0.23	0.01	0.26
Buildings	-	9.62	9.62	9.39	12.57
Machinery	-	40.98	33.15	26.9	21

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