Hongfa Technology 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	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	2,695	3,624	3,954	1,942	1,360	1,708
Trading Asset Securities	260.66	300.54	112.12	946.76	510.02	-
Cash & Short-Term Investments	2,956	3,925	4,066	2,889	1,870	1,708
Cash Growth	-15.77%	-3.48%	40.76%	54.45%	9.53%	79.22%
Accounts Receivable	8,299	6,277	4,920	4,882	4,276	3,718
Other Receivables	63.8	55.72	54.56	49.35	105.74	46.38
Receivables	8,363	6,332	4,975	4,932	4,382	3,764
Inventory	4,759	4,278	3,487	2,550	2,852	2,498
Prepaid Expenses	-	-	-	-	194.71	-
Other Current Assets	594.68	443.55	352.45	242.49	124.11	336.37
Total Current Assets	16,672	14,979	12,881	10,613	9,423	8,306
Property, Plant & Equipment	6,583	6,253	5,652	5,220	4,903	3,676
Long-Term Investments	13.22	14.54	51.71	50.09	37.15	12.82
Goodwill	13.41	13.41	13.41	13.41	13.41	13.41
Other Intangible Assets	492.51	467.68	485.29	475.57	489.93	414.68
Long-Term Deferred Tax Assets	665.3	564.98	489.41	446.24	453.25	257.33
Long-Term Deferred Charges	454.22	432.28	377.67	349.99	245.74	171.57
Other Long-Term Assets	756.91	609.86	681.68	519.06	633.72	778.27
Total Assets	25,680	23,364	20,664	17,724	16,238	13,666
Accounts Payable	5,272	4,096	2,320	1,905	1,917	1,776
Accrued Expenses	846.23	924.56	732.98	650.58	690.1	571.44
Short-Term Debt	869.67	601.7	1,214	42.8	40.83	45.18
Current Portion of Long-Term Debt	28.62	60.06	20.18	957.58	0.45	11.43
Current Portion of Leases	19.45	14.68	11.29	4.45	4.27	4.37
Current Income Taxes Payable	138.68	110.09	99.76	74.05	36.94	49.68
Current Unearned Revenue	63.01	57.3	47.34	52.82	54.18	43.14
Other Current Liabilities	344.27	342.31	287.55	281.3	402.36	230.51
Total Current Liabilities	7,581	6,207	4,732	3,969	3,146	2,732
Long-Term Debt	154.94	168.91	2,565	1,906	2,305	1,644
Long-Term Leases	62.35	55.43	23.7	6.12	2.38	5.89
Long-Term Unearned Revenue	569.74	508.97	427.3	374.74	338.58	290.13
Long-Term Deferred Tax Liabilities	408.13	379.05	345.64	321.42	312.5	177.07
Other Long-Term Liabilities	39.2	34.61	28.8	88.57	84.16	80.45
Total Liabilities	8,816	7,354	8,122	6,666	6,188	4,930
Common Stock	1,548	1,548	1,043	1,043	1,043	744.76
Additional Paid-In Capital	1,736	1,740	-	-	23.26	328.56
Retained Earnings	9,938	9,319	8,099	6,931	6,083	5,140
Comprehensive Income & Other	-8.82	24.06	362.9	367.52	355.03	334.73
Total Common Equity	13,212	12,631	9,504	8,341	7,504	6,548
Minority Interest	3,652	3,380	3,038	2,717	2,546	2,189
Shareholders' Equity	16,864	16,010	12,542	11,058	10,049	8,737
Total Liabilities & Equity	25,680	23,364	20,664	17,724	16,238	13,666
Total Debt	1,135	900.77	3,833	2,917	2,353	1,711
Net Cash (Debt)	1,821	3,024	233.05	-28.29	-482.48	-3.72
Net Cash Growth	6427.29%	1197.58%	-	-	-	-
Net Cash Per Share	1.21	2.06	0.16	-0.02	-0.33	-0.00
Filing Date Shares Outstanding	1,548	1,460	1,460	1,460	1,460	1,460
Total Common Shares Outstanding	1,548	1,460	1,460	1,460	1,460	1,460
Working Capital	9,090	8,772	8,148	6,644	6,277	5,575
Book Value Per Share	8.54	8.65	6.51	5.71	4.91	4.25
Tangible Book Value	12,706	12,149	9,005	7,852	7,000	6,119
Tangible Book Value Per Share	8.21	8.32	6.17	5.38	4.56	3.96
Buildings	2,591	2,601	2,524	2,129	2,024	1,692
Machinery	9,181	8,577	7,505	6,723	5,714	4,415
Construction In Progress	812.69	651.24	359.05	344.69	440.76	251.25