Zhejiang Hengtong Holding Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	293.7	477.13	635.26	726.81	892.56	353
Trading Asset Securities	1.49	21.49	211.65	220.25	142.74	75.97
Cash & Short-Term Investments	295.19	498.62	846.91	947.06	1,035	428.96
Cash Growth	-62.12%	-41.13%	-10.57%	-8.52%	141.35%	324.36%
Accounts Receivable	776.77	631.26	324.12	96.11	78.67	100.65
Other Receivables	3.81	3.74	7.43	11.75	12.95	92.03
Receivables	780.58	635	331.55	107.86	91.62	192.67
Inventory	458.56	433.06	262.74	192.93	52.17	80.44
Other Current Assets	127.88	109.01	61.27	109.99	29.68	27.63
Total Current Assets	1,662	1,676	1,502	1,358	1,209	729.71
Property, Plant & Equipment	1,673	1,559	1,105	981.01	584.01	409.29
Long-Term Investments	2,139	1,914	1,762	1,819	1,586	1,636
Other Intangible Assets	81.78	82.38	29.24	29.85	31.39	32.4
Long-Term Deferred Tax Assets	27.05	27.02	2.95	6.75	1.6	2.7
Long-Term Deferred Charges	1.11	1.81	27.5	1.98	0.6	0.43
Other Long-Term Assets	56.8	57.46	66.58	118.61	194.47	133.86
Total Assets	5,641	5,317	4,496	4,315	3,607	2,945
Accounts Payable	589.19	401.21	148.23	64.58	91.46	101.65
Accrued Expenses	17.64	35.29	33.59	31.68	26.54	25.78
Short-Term Debt	526.08	216.5	-	82.4	3.99	-
Current Portion of Long-Term Debt	118.87	114.7	88.43	-	-	-
Current Portion of Leases	-	1.11	53.29	5.45	7.37	4.96
Current Income Taxes Payable	8.42	13.65	27.02	20.68	39.03	8.34
Current Unearned Revenue	22.99	8.2	11.93	15.49	10.61	11.84
Other Current Liabilities	35.21	304.02	238.67	233.21	63.82	69.42
Total Current Liabilities	1,318	1,095	601.16	453.49	242.82	221.99
Long-Term Debt	495.46	466.2	316.89	307.3	89.12	-
Long-Term Leases	0.5	0.7	70.45	7.52	4.94	0.74
Long-Term Unearned Revenue	120.91	124.94	91.39	57.68	2	3.9
Long-Term Deferred Tax Liabilities	0	0	0.07	0.05	0.43	-
Other Long-Term Liabilities	-	-	0.57	-	-	62
Total Liabilities	1,935	1,687	1,081	826.05	339.31	288.64
Common Stock	2,974	2,974	3,059	3,115	3,115	3,129
Additional Paid-In Capital	99.64	95.9	130.95	308.65	390.25	345.81
Retained Earnings	641.33	569.51	433.84	244.38	78.62	-403.8
Treasury Stock	-	-	-200.04	-400.08	-400.08	-400.14
Comprehensive Income & Other	-9.46	-9.13	-8.54	-8.93	-9.35	-11.39
Total Common Equity	3,706	3,631	3,415	3,259	3,175	2,659
Minority Interest	-	-	-	229.38	93	-3.34
Shareholders' Equity	3,706	3,631	3,415	3,489	3,268	2,656
Total Liabilities & Equity	5,641	5,317	4,496	4,315	3,607	2,945
Total Debt	1,141	799.2	529.05	402.68	105.42	5.7
Net Cash (Debt)	-845.72	-300.58	317.87	544.38	929.87	423.26
Net Cash Growth	-	-	-41.61%	-41.46%	119.69%	-
Net Cash Per Share	-0.29	-0.10	0.10	0.20	0.31	0.14
Filing Date Shares Outstanding	2,974	2,974	2,974	2,944	2,944	2,967
Total Common Shares Outstanding	2,974	2,974	2,974	2,944	2,944	2,967
Working Capital	343.82	581.02	901.31	904.35	965.96	507.72
Book Value Per Share	1.25	1.22	1.15	1.11	1.08	0.90
Tangible Book Value	3,624	3,548	3,386	3,229	3,143	2,627
Tangible Book Value Per Share	1.22	1.19	1.14	1.10	1.07	0.89
Buildings	-	-	-	324.86	332.88	349.49
Machinery	-	1,421	1,176	597.31	555.65	561.07
Construction In Progress	-	201.18	144.63	619.73	232.68	6.82

Source: S&P Global Market Intelligence. Standard template. Financial Sources.