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 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	490.84	279.48	86.93	75.72	174.76	63.08
Trading Asset Securities	35.28	315.1	-	-	-	-
Cash & Short-Term Investments	526.13	594.58	86.93	75.72	174.76	63.08
Cash Growth	-17.49%	583.93%	14.80%	-56.67%	177.06%	14.05%
Accounts Receivable	654.81	611.94	558.88	449.9	276.56	287.66
Other Receivables	4.18	0.06	0.14	0.24	0.16	0.27
Receivables	658.98	611.99	559.02	450.14	276.72	287.94
Inventory	101.65	82.36	83.62	56.43	49.12	38.97
Prepaid Expenses	-	-	-	4.65	1.08	-
Other Current Assets	39.54	32.87	43.34	5.4	4.9	2.03
Total Current Assets	1,326	1,322	772.92	592.34	506.59	392.02
Property, Plant & Equipment	617.03	594.24	559.84	271.81	226.48	137.55
Other Intangible Assets	83.54	83.32	82.08	84.15	15.95	15.05
Long-Term Deferred Tax Assets	23.32	25.8	21.97	12.18	10	3.52
Long-Term Deferred Charges	84.59	90.55	92.98	70	56.95	30.66
Other Long-Term Assets	24.41	4.16	3.85	4.39	6.72	9.69
Total Assets	2,159	2,120	1,534	1,035	822.69	588.48
Accounts Payable	469.15	380.47	339.06	277.9	290.35	203.25
Accrued Expenses	13.44	52.03	42.96	33.91	22.9	18.82
Short-Term Debt	-	-	-	34.5	18	67.25
Current Portion of Long-Term Debt	8.55	-	20.72	-	-	-
Current Portion of Leases	-	9.38	7.42	3.49	1.82	-
Current Income Taxes Payable	30.23	6.81	13.21	9.9	2.5	6.89
Current Unearned Revenue	0.05	-	-	0.02	1.56	0.29
Other Current Liabilities	1.56	61.45	102.94	0.63	0.53	0.34
Total Current Liabilities	522.98	510.14	526.3	360.35	337.65	296.84
Long-Term Debt	-	-	155.92	23.28	-	-
Long-Term Leases	23.68	25.59	27.8	22.41	19.78	-
Long-Term Unearned Revenue	38.63	39.47	41.82	18.13	9.36	11.21
Long-Term Deferred Tax Liabilities	16.27	17.37	18.63	12.36	11.74	-
Total Liabilities	601.56	592.57	770.47	436.53	378.53	308.05
Common Stock	126.03	126.03	94.52	94.52	94.52	94.52
Additional Paid-In Capital	660.53	671.7	24.33	23.12	21.92	20.23
Retained Earnings	765.97	724.38	640	476.89	324.53	162.4
Total Common Equity	1,552	1,522	758.86	594.54	440.97	277.15
Minority Interest	5.62	5.2	4.31	3.82	3.19	3.28
Shareholders' Equity	1,558	1,527	763.17	598.36	444.16	280.43
Total Liabilities & Equity	2,159	2,120	1,534	1,035	822.69	588.48
Total Debt	32.23	34.98	211.86	83.68	39.6	67.25
Net Cash (Debt)	493.9	559.6	-124.92	-7.96	135.17	-4.17
Net Cash Per Share	3.91	4.63	-1.32	-0.08	1.43	-0.04
Filing Date Shares Outstanding	126.06	126.03	94.52	126.03	94.52	94.85
Total Common Shares Outstanding	126.06	126.03	94.52	94.52	94.52	94.85
Working Capital	803.31	811.66	246.62	232	168.94	95.17
Book Value Per Share	12.31	12.08	8.03	6.29	4.67	2.92
Tangible Book Value	1,468	1,439	676.78	510.39	425.02	262.11
Tangible Book Value Per Share	11.65	11.42	7.16	5.40	4.50	2.76
Buildings	-	253.26	252.74	85.76	84.54	84.17
Machinery	-	449.68	401.54	225.06	199.46	117.33
Construction In Progress	-	36.16	5.14	36.66	2.43	1.12

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