Hsino Tower Group 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	1,447	1,703	1,522	1,554	404.86	603.1
Cash & Short-Term Investments	1,447	1,703	1,522	1,554	404.86	603.1
Cash Growth	-4.24%	11.89%	-2.06%	283.76%	-32.87%	98.53%
Accounts Receivable	2,523	2,553	2,696	3,177	2,920	3,040
Other Receivables	8.72	82.85	113.08	11.81	17.57	27.49
Receivables	2,532	2,636	2,809	3,188	2,938	3,067
Inventory	2,392	2,536	2,292	2,632	3,181	3,200
Prepaid Expenses	-	-	21.08	-	-	-
Other Current Assets	664.89	727.99	722.83	417.59	459.86	485.11
Total Current Assets	7,035	7,602	7,367	7,792	6,983	7,356
Property, Plant & Equipment	1,204	1,160	925.31	814.99	824.84	775.8
Long-Term Investments	-	-	11.26	11.23	7.57	6.1
Other Intangible Assets	426.67	381.26	296.56	277.01	286.69	289.43
Long-Term Deferred Tax Assets	106.03	105.17	102.04	93.72	87.37	74.01
Long-Term Deferred Charges	0.16	0.16	3.51	2.65	0.18	0.19
Other Long-Term Assets	529	553.28	602.66	42.13	26.66	46.08
Total Assets	9,301	9,802	9,308	9,034	8,217	8,548
Accounts Payable	2,748	3,091	3,286	2,479	2,586	1,983
Accrued Expenses	14.94	44.48	48.12	57.23	76.08	76.75
Short-Term Debt	369.05	304.04	407.06	748.28	1,288	1,328
Current Portion of Long-Term Debt	10.96	0.44	31.92	0.16	0.07	8.56
Current Portion of Leases	-	9.27	11.5	16.08	8.44	2.98
Current Income Taxes Payable	54.34	38.32	24.98	2.87	13.29	49.72
Current Unearned Revenue	471.42	552.06	369.85	590.51	371.34	962.84
Other Current Liabilities	562.21	801.12	494.28	781.71	585.97	412.33
Total Current Liabilities	4,231	4,841	4,673	4,676	4,930	4,824
Long-Term Debt	64.12	64.32	2.8	99.8	190	800.22
Long-Term Leases	4.89	5.07	5.6	5.16	10.52	4.06
Long-Term Unearned Revenue	35.98	34.8	26.4	8.15	7.4	6.11
Long-Term Deferred Tax Liabilities	8.55	7.37	11.07	11.15	8.05	9.61
Other Long-Term Liabilities	188.25	188.25	193.6	5.08	3.24	3.51
Total Liabilities	4,533	5,141	4,913	4,805	5,149	5,647
Common Stock	2,675	2,675	2,675	2,675	2,006	2,006
Additional Paid-In Capital	1,079	1,079	1,079	1,079	711.26	711.26
Retained Earnings	1,001	899.1	634.96	472.6	348.52	182.77
Comprehensive Income & Other	13.03	8.19	6.12	1.95	1.37	-
Total Common Equity	4,768	4,662	4,395	4,229	3,068	2,900
Shareholders' Equity	4,768	4,662	4,395	4,229	3,068	2,900
Total Liabilities & Equity	9,301	9,802	9,308	9,034	8,217	8,548
Total Debt	449.02	383.14	458.88	869.48	1,497	2,144
Net Cash (Debt)	997.98	1,319	1,063	684.23	-1,093	-1,541
Net Cash Growth	-5.84%	24.15%	55.34%	-	-	-
Net Cash Per Share	0.37	0.49	0.40	0.34	-0.54	-0.77
Filing Date Shares Outstanding	2,676	2,675	2,675	2,675	2,006	1,992
Total Common Shares Outstanding	2,676	2,675	2,675	2,675	2,006	1,992
Working Capital	2,804	2,761	2,693	3,116	2,053	2,532
Book Value Per Share	1.78	1.74	1.64	1.58	1.53	1.46
Tangible Book Value	4,341	4,280	4,099	3,952	2,781	2,611
Tangible Book Value Per Share	1.62	1.60	1.53	1.48	1.39	1.31
Buildings	-	889.44	845.75	834.14	861.05	836.04
Machinery	-	977.53	908.25	805.39	752.39	708.18
Construction In Progress	-	205.31	48.04	9.98	4.89	1.56

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