Hefei Conver Holding 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	279.48	86.93	75.72	174.76	63.08
Trading Asset Securities	315.1	-	-	-	-
Cash & Short-Term Investments	594.58	86.93	75.72	174.76	63.08
Cash Growth	583.93%	14.80%	-56.67%	177.06%	14.05%
Accounts Receivable	611.94	567.01	449.9	276.56	287.66
Other Receivables	3.75	0.14	0.24	0.16	0.27
Receivables	615.69	567.16	450.14	276.72	287.94
Inventory	82.36	83.61	56.43	49.12	38.97
Prepaid Expenses	-	-	4.65	1.08	-
Other Current Assets	29.17	43.3	5.4	4.9	2.03
Total Current Assets	1,322	781	592.34	506.59	392.02
Property, Plant & Equipment	594.24	555.24	271.81	226.48	137.55
Other Intangible Assets	83.32	82.08	84.15	15.95	15.05
Long-Term Deferred Tax Assets	25.8	21.88	12.18	10	3.52
Long-Term Deferred Charges	71.45	91.93	70	56.95	30.66
Other Long-Term Assets	23.27	6.78	4.39	6.72	9.69
Total Assets	2,120	1,539	1,035	822.69	588.48
Accounts Payable	440.34	339.78	277.9	290.35	203.25
Accrued Expenses	24.01	43.94	33.91	22.9	18.82
Short-Term Debt	-	-	34.5	18	67.25
Current Portion of Long-Term Debt	9.38	20.72	-	-	-
Current Portion of Leases	-	7.44	3.49	1.82	-
Current Income Taxes Payable	35.11	13.85	9.9	2.5	6.89
Current Unearned Revenue	-	-	0.02	1.56	0.29
Other Current Liabilities	1.3	100.96	0.63	0.53	0.34
Total Current Liabilities	510.14	526.68	360.35	337.65	296.84
Long-Term Debt	-	155.92	23.28	-	-
Long-Term Leases	25.59	27.83	22.41	19.78	-
Long-Term Unearned Revenue	39.47	41.82	18.13	9.36	11.21
Long-Term Deferred Tax Liabilities	17.37	18.68	12.36	11.74	-
Total Liabilities	592.57	770.92	436.53	378.53	308.05
Common Stock	126.03	94.52	94.52	94.52	94.52
Additional Paid-In Capital	671.7	24.33	23.12	21.92	20.23
Retained Earnings	724.38	644.82	476.89	324.53	162.4
Total Common Equity	1,522	763.67	594.54	440.97	277.15
Minority Interest	5.2	4.31	3.82	3.19	3.28
Shareholders' Equity	1,527	767.98	598.36	444.16	280.43
Total Liabilities & Equity	2,120	1,539	1,035	822.69	588.48
Total Debt	34.98	211.9	83.68	39.6	67.25
Net Cash (Debt)	559.6	-124.97	-7.96	135.17	-4.17
Net Cash Per Share	4.63	-1.32	-0.08	1.43	-0.04
Filing Date Shares Outstanding	124.36	94.52	126.03	94.52	94.85
Total Common Shares Outstanding	124.36	94.52	94.52	94.52	94.85
Working Capital	811.66	254.32	232	168.94	95.17
Book Value Per Share	12.24	8.08	6.29	4.67	2.92
Tangible Book Value	1,439	681.59	510.39	425.02	262.11
Tangible Book Value Per Share	11.57	7.21	5.40	4.50	2.76
Buildings	-	248.67	85.76	84.54	84.17
Machinery	-	401.57	225.06	199.46	117.33
Construction In Progress	-	4.58	36.66	2.43	1.12

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