Hillstone Networks Co.,Ltd. (SHA:688030)

Hillstone Networks 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	208.05	217.88	338.77	525.24	469.61	800.75
Short-Term Investments	-	-	-	-	-	20
Trading Asset Securities	-	60.01	30	-	110.61	20
Cash & Short-Term Investments	208.05	277.89	368.77	525.24	580.22	840.75
Cash Growth	-26.47%	-24.64%	-29.79%	-9.47%	-30.99%	-21.80%
Accounts Receivable	1,137	1,055	885.16	952.35	808.69	516.83
Other Receivables	5.62	11.28	6.75	13.13	5.36	3.5
Receivables	1,143	1,066	891.91	965.48	814.04	520.33
Inventory	98.36	88.06	77.13	139.22	132.87	96.58
Other Current Assets	39.61	45.72	36.19	14.43	27.78	36.16
Total Current Assets	1,489	1,478	1,374	1,644	1,555	1,494
Property, Plant & Equipment	239.57	244.59	251.87	287.31	286.05	52.23
Long-Term Investments	42.78	43.01	41.04	42.04	8.14	9.67
Other Intangible Assets	103.49	112.66	85.89	47.52	42.28	11.67
Long-Term Deferred Tax Assets	104.22	99.07	92.91	75.89	34.92	19.28
Long-Term Deferred Charges	5.91	5.99	4.22	4.03	6.22	4.35
Other Long-Term Assets	2.91	2.38	2.15	15.01	11.02	202.96
Total Assets	1,988	1,985	1,852	2,116	1,944	1,794
Accounts Payable	198.17	237.63	136	159.96	160.65	190.96
Accrued Expenses	56.28	104.62	77.01	61.37	106.74	61.25
Short-Term Debt	364.04	222	122.49	137.72	-	-
Current Portion of Long-Term Debt	13.57	2.51	1.46	0.83	-	-
Current Portion of Leases	-	19.22	6.45	20.48	17.75	-
Current Income Taxes Payable	13.94	-	-	0	0.01	0.04
Current Unearned Revenue	74.6	69.69	50.91	27.41	13.37	15.4
Other Current Liabilities	114.19	119.84	100.39	110.15	99.34	83.85
Total Current Liabilities	834.8	775.51	494.72	517.92	397.87	351.5
Long-Term Debt	276.65	269.37	258.71	247.39	-	-
Long-Term Leases	10.23	2.62	3.37	10.34	17.5	-
Long-Term Deferred Tax Liabilities	-	0	-	2.52	0.09	-
Other Long-Term Liabilities	16.96	14.9	14.98	17.22	21.62	17.12
Total Liabilities	1,139	1,062	771.77	795.39	437.09	368.62
Common Stock	180.23	180.23	180.23	180.23	180.22	180.22
Additional Paid-In Capital	1,251	1,251	1,253	1,253	1,256	1,231
Retained Earnings	-590.54	-517.71	-380.5	-140.69	64.41	7.08
Treasury Stock	-16.3	-16.3	-	-	-	-
Comprehensive Income & Other	25.91	25.33	26.41	26.21	6.69	7.37
Total Common Equity	850.22	922.5	1,079	1,318	1,507	1,425
Minority Interest	-1.29	0.55	1.36	2.35	-0.81	-0.06
Shareholders' Equity	848.92	923.05	1,080	1,321	1,506	1,425
Total Liabilities & Equity	1,988	1,985	1,852	2,116	1,944	1,794
Total Debt	664.49	515.73	392.48	416.76	35.25	-
Net Cash (Debt)	-456.45	-237.83	-23.71	108.48	544.96	840.75
Net Cash Growth	-	-	-	-80.09%	-35.18%	-21.07%
Net Cash Per Share	-2.46	-1.32	-0.13	0.60	3.02	4.66
Filing Date Shares Outstanding	180.28	178.82	180.23	180.23	180.22	180.22
Total Common Shares Outstanding	180.28	178.82	180.23	180.23	180.22	180.22
Working Capital	653.88	702.24	879.28	1,126	1,157	1,142
Book Value Per Share	4.72	5.16	5.99	7.32	8.36	7.91
Tangible Book Value	746.73	809.84	993.05	1,271	1,465	1,414
Tangible Book Value Per Share	4.14	4.53	5.51	7.05	8.13	7.84
Buildings	-	184.73	184.73	184.73	181.66	-
Machinery	-	210	208.16	200.6	169.24	127.64

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