Power HF 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	233.66	246.86	299.56	545.51	328.86	670.69
Short-Term Investments	-	166.64	301.28	-	132.36	-
Trading Asset Securities	230.45	248.51	250.33	200.56	411.01	100.73
Cash & Short-Term Investments	464.11	662.02	851.16	746.08	872.24	771.41
Cash Growth	-5.37%	-22.22%	14.09%	-14.46%	13.07%	-12.67%
Accounts Receivable	299.11	184.9	182.31	363.12	108.99	420.8
Other Receivables	13.83	8.9	7.79	8.28	6.23	2.82
Receivables	312.94	193.8	190.09	371.4	115.22	423.61
Inventory	179.83	182.96	188.26	146.06	151.19	176.48
Other Current Assets	210.47	10.06	16.52	22.64	21.69	25.02
Total Current Assets	1,167	1,049	1,246	1,286	1,160	1,397
Property, Plant & Equipment	895.26	919.9	973.73	891.87	895	767.94
Long-Term Investments	24.47	64.65	32.52	35.51	3.06	-
Other Intangible Assets	154.38	154.93	157.44	143.28	146.49	92.56
Long-Term Deferred Tax Assets	27.94	28.1	26.31	19.62	14.36	4.79
Long-Term Deferred Charges	0.23	0.32	0.43	0.16	0.18	0.03
Other Long-Term Assets	55.65	3.09	5.36	3.68	2.07	56.87
Total Assets	2,325	2,220	2,442	2,380	2,222	2,319
Accounts Payable	309.76	220.21	355.57	307.5	301.56	400.34
Accrued Expenses	4.18	17.07	40.72	44.25	17.17	18.97
Short-Term Debt	-	-	-	-	-	1
Current Portion of Long-Term Debt	22.36	18.58	-	-	-	-
Current Portion of Leases	-	3.81	3.73	3.57	3.34	-
Current Income Taxes Payable	24.81	12.67	11.75	15.34	10.98	13.16
Current Unearned Revenue	10.19	7.93	4.07	4.18	6.54	9.35
Other Current Liabilities	24.91	11.21	10.79	2.68	31.21	3.56
Total Current Liabilities	396.22	291.49	426.63	377.5	370.8	446.37
Long-Term Debt	33.98	33.98	68.97	32.83	-	-
Long-Term Leases	23.06	24.02	25.35	33.54	32.44	-
Long-Term Unearned Revenue	5.66	5.85	6.57	0.92	1.22	1.53
Long-Term Deferred Tax Liabilities	62.99	65.43	70.24	64.88	41.7	37.03
Other Long-Term Liabilities	1.5	1.59	1.49	1.4	1.09	1.68
Total Liabilities	523.41	422.35	599.25	511.06	447.25	486.61
Common Stock	170.73	170.73	171.13	169.93	169.93	121.38
Additional Paid-In Capital	1,026	1,026	1,030	1,022	1,022	1,071
Retained Earnings	647.24	634.35	662.9	691.51	599.22	654.52
Treasury Stock	-4.44	-4.44	-7.33	-	-	-
Comprehensive Income & Other	-38.03	-29.53	-13.86	-14.33	-17.06	-15.18
Total Common Equity	1,802	1,797	1,843	1,869	1,775	1,832
Minority Interest	0	0	0	0	-0.28	0.39
Shareholders' Equity	1,802	1,797	1,843	1,869	1,774	1,832
Total Liabilities & Equity	2,325	2,220	2,442	2,380	2,222	2,319
Total Debt	79.4	80.39	98.05	69.94	35.78	1
Net Cash (Debt)	384.71	581.63	753.12	676.14	836.45	770.41
Net Cash Growth	-1.88%	-22.77%	11.38%	-19.17%	8.57%	-12.68%
Net Cash Per Share	2.21	3.32	4.40	3.96	4.96	4.51
Filing Date Shares Outstanding	161.17	170.73	176.76	169.93	169.93	169.93
Total Common Shares Outstanding	161.17	170.73	176.76	169.93	169.93	169.93
Working Capital	771.12	757.35	819.42	908.68	789.55	950.16
Book Value Per Share	11.18	10.53	10.42	11.00	10.44	10.78
Tangible Book Value	1,647	1,643	1,685	1,726	1,628	1,739
Tangible Book Value Per Share	10.22	9.62	9.53	10.16	9.58	10.23
Buildings	-	362.69	320.68	296.7	301.49	217.38
Machinery	-	1,141	1,062	903.94	898.53	656.66
Construction In Progress	-	42.23	135.73	174.87	87.03	255.85

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