Hongfa 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	3,624	3,954	1,942	1,360	1,708
Trading Asset Securities	300.54	112.12	946.76	510.02	-
Cash & Short-Term Investments	3,925	4,066	2,889	1,870	1,708
Cash Growth	-3.48%	40.76%	54.45%	9.53%	79.22%
Accounts Receivable	6,277	4,920	4,882	4,276	3,718
Other Receivables	55.72	54.56	49.35	105.74	46.38
Receivables	6,332	4,975	4,932	4,382	3,764
Inventory	4,278	3,487	2,550	2,852	2,498
Prepaid Expenses	-	-	-	194.71	-
Other Current Assets	443.55	352.45	242.49	124.11	336.37
Total Current Assets	14,979	12,881	10,613	9,423	8,306
Property, Plant & Equipment	6,253	5,652	5,220	4,903	3,676
Long-Term Investments	14.54	51.71	50.09	37.15	12.82
Goodwill	13.41	13.41	13.41	13.41	13.41
Other Intangible Assets	467.68	485.29	475.57	489.93	414.68
Long-Term Deferred Tax Assets	564.98	489.41	446.24	453.25	257.33
Long-Term Deferred Charges	432.28	377.67	349.99	245.74	171.57
Other Long-Term Assets	609.86	681.68	519.06	633.72	778.27
Total Assets	23,364	20,664	17,724	16,238	13,666
Accounts Payable	4,096	2,320	1,905	1,917	1,776
Accrued Expenses	924.56	732.98	650.58	690.1	571.44
Short-Term Debt	601.7	1,214	42.8	40.83	45.18
Current Portion of Long-Term Debt	60.06	20.18	957.58	0.45	11.43
Current Portion of Leases	14.68	11.29	4.45	4.27	4.37
Current Income Taxes Payable	110.09	99.76	74.05	36.94	49.68
Current Unearned Revenue	57.3	47.34	52.82	54.18	43.14
Other Current Liabilities	342.31	287.55	281.3	402.36	230.51
Total Current Liabilities	6,207	4,732	3,969	3,146	2,732
Long-Term Debt	168.91	2,565	1,906	2,305	1,644
Long-Term Leases	55.43	23.7	6.12	2.38	5.89
Long-Term Unearned Revenue	508.97	427.3	374.74	338.58	290.13
Long-Term Deferred Tax Liabilities	379.05	345.64	321.42	312.5	177.07
Other Long-Term Liabilities	34.61	28.8	88.57	84.16	80.45
Total Liabilities	7,354	8,122	6,666	6,188	4,930
Common Stock	1,548	1,043	1,043	1,043	744.76
Additional Paid-In Capital	1,740	-	-	23.26	328.56
Retained Earnings	9,319	8,099	6,931	6,083	5,140
Comprehensive Income & Other	24.06	362.9	367.52	355.03	334.73
Total Common Equity	12,631	9,504	8,341	7,504	6,548
Minority Interest	3,380	3,038	2,717	2,546	2,189
Shareholders' Equity	16,010	12,542	11,058	10,049	8,737
Total Liabilities & Equity	23,364	20,664	17,724	16,238	13,666
Total Debt	900.77	3,833	2,917	2,353	1,711
Net Cash (Debt)	3,024	233.05	-28.29	-482.48	-3.72
Net Cash Growth	1197.58%	-	-	-	-
Net Cash Per Share	2.06	0.16	-0.02	-0.33	-0.00
Filing Date Shares Outstanding	1,460	1,460	1,460	1,460	1,460
Total Common Shares Outstanding	1,460	1,460	1,460	1,460	1,460
Working Capital	8,772	8,148	6,644	6,277	5,575
Book Value Per Share	8.65	6.51	5.71	4.91	4.25
Tangible Book Value	12,149	9,005	7,852	7,000	6,119
Tangible Book Value Per Share	8.32	6.17	5.38	4.56	3.96
Buildings	2,601	2,524	2,129	2,024	1,692
Machinery	8,577	7,505	6,723	5,714	4,415
Construction In Progress	651.24	359.05	344.69	440.76	251.25

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