Hefei Conver Holding 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	274.67	86.93	75.72	174.76	63.08	55.31
Cash & Short-Term Investments	554.18	86.93	75.72	174.76	63.08	55.31
Cash Growth	-	14.80%	-56.67%	177.06%	14.05%	45.27%
Accounts Receivable	622.5	567.01	449.9	276.56	287.66	202.41
Other Receivables	2.24	0.14	0.24	0.16	0.27	0.88
Receivables	624.74	567.16	450.14	276.72	287.94	203.29
Inventory	108.54	83.61	56.43	49.12	38.97	30.57
Prepaid Expenses	-	-	4.65	1.08	-	-
Other Current Assets	33.68	43.3	5.4	4.9	2.03	1.55
Total Current Assets	1,321	781	592.34	506.59	392.02	290.72
Property, Plant & Equipment	559.35	555.24	271.81	226.48	137.55	118.82
Other Intangible Assets	82.02	82.08	84.15	15.95	15.05	15.31
Long-Term Deferred Tax Assets	22.06	21.88	12.18	10	3.52	1.87
Long-Term Deferred Charges	71.17	91.93	70	56.95	30.66	30.98
Other Long-Term Assets	29.53	6.78	4.39	6.72	9.69	2.76
Total Assets	2,085	1,539	1,035	822.69	588.48	460.46
Accounts Payable	454.02	339.78	277.9	290.35	203.25	138.53
Accrued Expenses	16.42	43.94	33.91	22.9	18.82	11.99
Short-Term Debt	-	-	34.5	18	67.25	65.5
Current Portion of Long-Term Debt	-	20.72	-	-	-	-
Current Portion of Leases	-	7.44	3.49	1.82	-	-
Current Income Taxes Payable	34.17	13.85	9.9	2.5	6.89	6.13
Current Unearned Revenue	0.08	-	0.02	1.56	0.29	0.27
Other Current Liabilities	10.54	100.96	0.63	0.53	0.34	0.75
Total Current Liabilities	515.22	526.68	360.35	337.65	296.84	223.17
Long-Term Debt	-	155.92	23.28	-	-	-
Long-Term Leases	21.51	27.83	22.41	19.78	-	-
Long-Term Unearned Revenue	39.98	41.82	18.13	9.36	11.21	6.93
Long-Term Deferred Tax Liabilities	11.79	18.68	12.36	11.74	-	-
Total Liabilities	588.51	770.92	436.53	378.53	308.05	230.1
Common Stock	126.03	94.52	94.52	94.52	94.52	94.52
Additional Paid-In Capital	671.45	24.33	23.12	21.92	20.23	17.49
Retained Earnings	694.22	644.82	476.89	324.53	162.4	114.94
Total Common Equity	1,492	763.67	594.54	440.97	277.15	226.95
Minority Interest	5.05	4.31	3.82	3.19	3.28	3.41
Shareholders' Equity	1,497	767.98	598.36	444.16	280.43	230.36
Total Liabilities & Equity	2,085	1,539	1,035	822.69	588.48	460.46
Total Debt	21.51	211.9	83.68	39.6	67.25	65.5
Net Cash (Debt)	532.67	-124.97	-7.96	135.17	-4.17	-10.19
Net Cash Per Share	4.72	-1.32	-0.08	1.43	-0.04	-0.11
Filing Date Shares Outstanding	126.03	94.52	126.03	94.52	94.85	94.52
Total Common Shares Outstanding	126.03	94.52	94.52	94.52	94.85	94.52
Working Capital	805.91	254.32	232	168.94	95.17	67.55
Book Value Per Share	11.84	8.08	6.29	4.67	2.92	2.40
Tangible Book Value	1,410	681.59	510.39	425.02	262.11	211.65
Tangible Book Value Per Share	11.19	7.21	5.40	4.50	2.76	2.24
Buildings	-	248.67	85.76	84.54	84.17	81.07
Machinery	-	401.57	225.06	199.46	117.33	104.39
Construction In Progress	-	4.58	36.66	2.43	1.12	0.53

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