Huaqin 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	13,997	13,653	12,756	7,851	6,361
Short-Term Investments	1,387	672.55	-	-	-
Trading Asset Securities	881.29	1,394	2,777	605.89	56
Cash & Short-Term Investments	16,266	15,719	15,533	8,457	6,417
Cash Growth	3.48%	1.20%	83.67%	31.80%	0.49%
Accounts Receivable	34,700	25,532	14,467	14,445	18,487
Other Receivables	753.03	775.9	359.11	501.78	472.4
Receivables	35,453	26,308	14,826	14,947	18,959
Inventory	14,624	11,476	4,344	6,211	7,841
Other Current Assets	4,405	2,719	1,431	1,444	1,369
Total Current Assets	70,747	56,222	36,134	31,059	34,586
Property, Plant & Equipment	13,681	10,137	7,968	7,379	6,042
Long-Term Investments	7,376	5,974	3,649	3,766	3,054
Goodwill	1,376	1,332	0.6	0.6	0.6
Other Intangible Assets	1,918	1,791	1,179	1,176	1,150
Long-Term Deferred Tax Assets	417.5	522.06	429.14	294.76	223.8
Long-Term Deferred Charges	176.18	106.72	89.4	76.66	77.28
Other Long-Term Assets	513.65	212.85	2,061	70.05	105.65
Total Assets	96,206	76,297	51,510	43,821	45,240
Accounts Payable	42,699	35,429	20,397	21,453	26,582
Accrued Expenses	3,337	2,374	1,792	1,302	1,406
Short-Term Debt	14,421	7,982	3,845	2,398	1,547
Current Portion of Long-Term Debt	163.04	1,115	892.95	110.17	780.32
Current Portion of Leases	225.71	216.13	170.96	64.4	80.76
Current Income Taxes Payable	516.38	427.82	144.23	180.92	132.17
Current Unearned Revenue	673.53	492.52	121.48	576.68	1,796
Other Current Liabilities	1,665	1,632	1,063	1,092	1,204
Total Current Liabilities	63,701	49,669	28,426	27,178	33,529
Long-Term Debt	4,749	2,473	1,345	3,386	1,075
Long-Term Leases	465.6	461.51	268.97	156.13	160.01
Long-Term Unearned Revenue	327.56	249.56	259.91	197	213.32
Long-Term Deferred Tax Liabilities	413.05	519.8	366.78	273.62	188.31
Other Long-Term Liabilities	203.97	-	-	218.99	414.36
Total Liabilities	69,860	53,373	30,667	31,410	35,580
Common Stock	1,016	1,016	724.25	651.83	651.83
Additional Paid-In Capital	10,725	10,577	10,698	4,929	4,798
Retained Earnings	14,367	11,275	9,358	6,651	4,107
Treasury Stock	-279.78	-382.06	-	-	-
Comprehensive Income & Other	-30.53	57.26	85.51	150.34	5.83
Total Common Equity	25,797	22,543	20,866	12,383	9,562
Minority Interest	547.97	380.8	-23.28	28.3	98.2
Shareholders' Equity	26,345	22,924	20,843	12,411	9,660
Total Liabilities & Equity	96,206	76,297	51,510	43,821	45,240
Total Debt	20,025	12,248	6,523	6,115	3,643
Net Cash (Debt)	-3,759	3,471	9,010	2,342	2,773
Net Cash Growth	-	-61.47%	284.70%	-15.55%	-34.08%
Net Cash Per Share	-3.73	3.43	9.45	2.57	3.04
Filing Date Shares Outstanding	1,013	1,010	1,014	912.56	912.56
Total Common Shares Outstanding	1,013	1,010	1,014	912.56	912.56
Working Capital	7,046	6,553	7,708	3,881	1,057
Book Value Per Share	25.46	22.31	20.58	13.57	10.48
Tangible Book Value	22,503	19,420	19,687	11,207	8,411
Tangible Book Value Per Share	22.21	19.22	19.42	12.28	9.22
Buildings	8,033	4,645	4,193	2,677	1,621
Machinery	9,529	7,175	4,294	4,403	3,149
Construction In Progress	797.72	1,760	970.78	1,858	2,148

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