Huaqin Technology Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	17,699	13,653	12,756	7,851	6,361	6,027
Trading Asset Securities	682.75	1,394	2,777	605.89	56	358.88
Cash & Short-Term Investments	18,381	15,047	15,533	8,457	6,417	6,386
Cash Growth	21.81%	-3.13%	83.67%	31.80%	0.49%	22.09%
Accounts Receivable	36,903	25,532	14,467	14,445	18,487	14,333
Other Receivables	810.31	775.9	359.11	501.78	472.4	259.91
Receivables	37,713	26,308	14,826	14,947	18,959	14,593
Inventory	17,140	11,476	4,344	6,211	7,841	4,894
Other Current Assets	5,407	3,391	1,431	1,444	1,369	762.81
Total Current Assets	78,642	56,222	36,134	31,059	34,586	26,636
Property, Plant & Equipment	11,263	10,137	7,968	7,379	6,042	3,288
Long-Term Investments	6,636	4,111	3,649	3,766	3,054	1,360
Goodwill	1,333	1,332	0.6	0.6	0.6	0.6
Other Intangible Assets	1,774	1,791	1,179	1,176	1,150	633.33
Long-Term Deferred Tax Assets	586.63	522.06	429.14	294.76	223.8	120.64
Long-Term Deferred Charges	127.7	106.72	89.4	76.66	77.28	49.4
Other Long-Term Assets	2,396	2,076	2,061	70.05	105.65	51.48
Total Assets	102,759	76,297	51,510	43,821	45,240	32,139
Accounts Payable	50,322	35,429	20,397	21,453	26,582	20,662
Accrued Expenses	1,305	2,374	1,792	1,302	1,406	808.79
Short-Term Debt	14,852	7,982	3,845	2,398	1,547	176.15
Current Portion of Long-Term Debt	494.48	1,115	892.95	110.17	780.32	160.69
Current Portion of Leases	-	216.13	170.96	64.4	80.76	-
Current Income Taxes Payable	767.6	427.82	144.23	180.92	132.17	173.32
Current Unearned Revenue	831.64	492.52	121.48	576.68	1,796	84.81
Other Current Liabilities	2,890	1,632	1,063	1,092	1,204	487.17
Total Current Liabilities	71,463	49,669	28,426	27,178	33,529	22,553
Long-Term Debt	4,484	2,473	1,345	3,386	1,075	1,774
Long-Term Leases	464.52	461.51	268.97	156.13	160.01	67.64
Long-Term Unearned Revenue	301.67	249.56	259.91	197	213.32	131.28
Long-Term Deferred Tax Liabilities	500.61	519.8	366.78	273.62	188.31	90.42
Other Long-Term Liabilities	160.34	-	-	218.99	414.36	-
Total Liabilities	77,374	53,373	30,667	31,410	35,580	24,616
Common Stock	1,016	1,016	724.25	651.83	651.83	651.83
Additional Paid-In Capital	10,710	10,577	10,698	4,929	4,798	4,502
Retained Earnings	13,411	11,275	9,358	6,651	4,107	2,214
Treasury Stock	-279.78	-382.06	-	-	-	-
Comprehensive Income & Other	12.53	57.26	85.51	150.34	5.83	39.42
Total Common Equity	24,870	22,543	20,866	12,383	9,562	7,407
Minority Interest	515.09	380.8	-23.28	28.3	98.2	116.04
Shareholders' Equity	25,385	22,924	20,843	12,411	9,660	7,523
Total Liabilities & Equity	102,759	76,297	51,510	43,821	45,240	32,139
Total Debt	20,295	12,248	6,523	6,115	3,643	2,178
Net Cash (Debt)	-1,914	2,799	9,010	2,342	2,773	4,208
Net Cash Growth	-	-68.94%	284.70%	-15.55%	-34.08%	67.46%
Net Cash Per Share	-1.90	2.76	9.45	2.57	3.04	4.77
Filing Date Shares Outstanding	996.76	1,010	1,014	912.56	912.56	757.56
Total Common Shares Outstanding	996.76	1,010	1,014	912.56	912.56	757.56
Working Capital	7,178	6,553	7,708	3,881	1,057	4,083
Book Value Per Share	24.95	22.31	20.58	13.57	10.48	9.78
Tangible Book Value	21,762	19,420	19,687	11,207	8,411	6,773
Tangible Book Value Per Share	21.83	19.22	19.42	12.28	9.22	8.94
Buildings	-	4,645	4,193	2,677	1,621	1,091
Machinery	-	6,201	4,294	4,403	3,149	2,098
Construction In Progress	-	1,760	970.78	1,858	2,148	627.13

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.