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	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	2,743	3,624	3,954	1,942	1,360	1,708
Trading Asset Securities	0.43	300.54	112.12	946.76	510.02	-
Cash & Short-Term Investments	2,743	3,925	4,066	2,889	1,870	1,708
Cash Growth	-26.89%	-3.48%	40.76%	54.45%	9.53%	79.22%
Accounts Receivable	7,148	6,277	4,920	4,882	4,276	3,718
Other Receivables	65.92	55.72	54.56	49.35	105.74	46.38
Receivables	7,214	6,332	4,975	4,932	4,382	3,764
Inventory	4,342	4,278	3,487	2,550	2,852	2,498
Prepaid Expenses	-	-	-	-	194.71	-
Other Current Assets	589.53	443.55	352.45	242.49	124.11	336.37
Total Current Assets	14,888	14,979	12,881	10,613	9,423	8,306
Property, Plant & Equipment	6,440	6,253	5,652	5,220	4,903	3,676
Long-Term Investments	13.13	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	460.76	467.68	485.29	475.57	489.93	414.68
Long-Term Deferred Tax Assets	616.41	564.98	489.41	446.24	453.25	257.33
Long-Term Deferred Charges	416.4	432.28	377.67	349.99	245.74	171.57
Other Long-Term Assets	724.67	609.86	681.68	519.06	633.72	778.27
Total Assets	23,573	23,364	20,664	17,724	16,238	13,666
Accounts Payable	3,789	4,096	2,320	1,905	1,917	1,776
Accrued Expenses	596.23	924.56	732.98	650.58	690.1	571.44
Short-Term Debt	655.93	601.7	1,214	42.8	40.83	45.18
Current Portion of Long-Term Debt	74.69	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	271.71	110.09	99.76	74.05	36.94	49.68
Current Unearned Revenue	57.86	57.3	47.34	52.82	54.18	43.14
Other Current Liabilities	348.57	342.31	287.55	281.3	402.36	230.51
Total Current Liabilities	5,794	6,207	4,732	3,969	3,146	2,732
Long-Term Debt	171.93	168.91	2,565	1,906	2,305	1,644
Long-Term Leases	63.98	55.43	23.7	6.12	2.38	5.89
Long-Term Unearned Revenue	548.84	508.97	427.3	374.74	338.58	290.13
Long-Term Deferred Tax Liabilities	400.69	379.05	345.64	321.42	312.5	177.07
Other Long-Term Liabilities	36.25	34.61	28.8	88.57	84.16	80.45
Total Liabilities	7,016	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	9,803	9,319	8,099	6,931	6,083	5,140
Comprehensive Income & Other	5.49	24.06	362.9	367.52	355.03	334.73
Total Common Equity	13,092	12,631	9,504	8,341	7,504	6,548
Minority Interest	3,465	3,380	3,038	2,717	2,546	2,189
Shareholders' Equity	16,557	16,010	12,542	11,058	10,049	8,737
Total Liabilities & Equity	23,573	23,364	20,664	17,724	16,238	13,666
Total Debt	966.54	900.77	3,833	2,917	2,353	1,711
Net Cash (Debt)	1,776	3,024	233.05	-28.29	-482.48	-3.72
Net Cash Growth	-	1197.58%	-	-	-	-
Net Cash Per Share	1.20	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	9,094	8,772	8,148	6,644	6,277	5,575
Book Value Per Share	8.46	8.65	6.51	5.71	4.91	4.25
Tangible Book Value	12,618	12,149	9,005	7,852	7,000	6,119
Tangible Book Value Per Share	8.15	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

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