Hengsheng Energy Co., Ltd (SHA:605580)

Hengsheng Energy Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	110.35	102.09	162.53	205.69	90.23	32.72
Trading Asset Securities	-	-	-	-	220.56	-
Accounts Receivable	197.47	208.31	240.7	303.59	215.74	101.1
Other Receivables	4.9	57.73	34.54	0.87	1.25	18.81
Inventory	124.24	80.48	31.74	56.09	31.24	38.83
Prepaid Expenses	-	-	0	-	-	-
Other Current Assets	55.02	6.96	0.79	5.26	0.32	8.97
Total Current Assets	491.99	455.57	470.3	571.49	559.35	200.44
Property, Plant & Equipment	1,458	886.81	796.36	476.7	435.18	473.29
Other Intangible Assets	151.52	57.29	52.91	43.8	16.48	15.92
Long-Term Investments	16.53	16.53	16.7	8.38	-	-
Long-Term Deferred Tax Assets	33.52	26.26	25.47	12.16	5.43	3.08
Long-Term Deferred Charges	3.38	1.45	4.98	4.7	2.1	-
Other Long-Term Assets	0.3	0.24	1.56	28.93	30.18	-
Total Assets	2,216	1,444	1,368	1,146	1,049	692.73
Accounts Payable	181.57	24.37	18.02	57.85	82.72	13.75
Accrued Expenses	3.27	11.79	10.82	6.69	7.15	5.92
Short-Term Debt	299.84	223.97	208.04	76.58	50.06	238.36
Current Portion of Long-Term Debt	34.11	24.64	-	-	-	-
Current Unearned Revenue	37.13	4.35	5.95	3.71	3.76	2.2
Current Portion of Leases	-	0.31	-	-	-	-
Current Income Taxes Payable	21.16	10.53	21.87	19.13	33.1	29.61
Other Current Liabilities	94.94	60.72	29.81	27.24	13.58	31.94
Total Current Liabilities	672.02	360.67	294.51	191.21	190.37	321.78
Long-Term Debt	346.36	46.86	80.97	10	-	-
Long-Term Leases	8.23	0.31	-	-	-	-
Long-Term Unearned Revenue	52.03	44.23	37.64	5.38	5.57	6.46
Long-Term Deferred Tax Liabilities	18.23	3.28	4.25	5.2	5.56	6.09
Total Liabilities	1,097	455.34	417.37	211.8	201.51	334.33
Common Stock	280	280	280	200	200	150
Additional Paid-In Capital	269.13	269.13	269.13	349.13	349.13	34.88
Retained Earnings	415.26	389.55	350.95	335.14	298.09	173.53
Comprehensive Income & Other	0.46	0.87	1.51	0.26	-	-
Total Common Equity	964.85	939.54	901.59	884.53	847.22	358.4
Minority Interest	154.47	49.28	49.32	49.83	-	-
Shareholders' Equity	1,119	988.82	950.91	934.36	847.22	358.4
Total Liabilities & Equity	2,216	1,444	1,368	1,146	1,049	692.73
Total Debt	688.54	296.08	289.01	86.58	50.06	238.36
Net Cash (Debt)	-578.19	-193.99	-126.48	119.11	260.73	-205.64
Net Cash Growth	-	-	-	-54.32%	-	-
Net Cash Per Share	-2.05	-0.70	-0.46	0.43	1.12	-0.98
Filing Date Shares Outstanding	294.47	280	280	280	280	210
Total Common Shares Outstanding	294.47	280	280	280	280	210
Working Capital	-180.04	94.91	175.79	380.28	368.98	-121.34
Book Value Per Share	3.28	3.36	3.22	3.16	3.03	1.71
Tangible Book Value	751.91	882.25	848.67	840.73	830.74	342.49
Tangible Book Value Per Share	2.55	3.15	3.03	3.00	2.97	1.63
Buildings	-	261.64	214.6	187.27	186.14	185.48
Machinery	-	823.8	615.42	561.13	562.86	592.9
Construction In Progress	-	194.36	382.81	94.76	8.17	2.11

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