Hillstone Networks 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	-	217.88	338.77	525.24	469.61
Trading Asset Securities	-	60.01	30	-	110.61
Cash & Short-Term Investments	208.05	277.89	368.77	525.24	580.22
Cash Growth	-25.13%	-24.64%	-29.79%	-9.47%	-30.99%
Accounts Receivable	-	1,055	885.16	952.35	808.69
Other Receivables	-	11.28	6.75	13.13	5.36
Receivables	-	1,066	891.91	965.48	814.04
Inventory	-	88.06	77.13	139.22	132.87
Other Current Assets	-	45.72	36.19	14.43	27.78
Total Current Assets	-	1,478	1,374	1,644	1,555
Property, Plant & Equipment	-	244.59	251.87	287.31	286.05
Long-Term Investments	-	43.01	41.04	42.04	8.14
Other Intangible Assets	-	112.66	85.89	47.52	42.28
Long-Term Deferred Tax Assets	-	99.07	92.91	75.89	34.92
Long-Term Deferred Charges	-	5.99	4.22	4.03	6.22
Other Long-Term Assets	-	2.38	2.15	15.01	11.02
Total Assets	-	1,985	1,852	2,116	1,944
Accounts Payable	-	237.63	136	159.96	160.65
Accrued Expenses	-	104.62	77.01	61.37	106.74
Short-Term Debt	-	222	122.49	137.72	-
Current Portion of Long-Term Debt	-	2.51	1.46	0.83	-
Current Portion of Leases	-	19.22	6.45	20.48	17.75
Current Income Taxes Payable	-	-	-	0	0.01
Current Unearned Revenue	-	69.69	50.91	27.41	13.37
Other Current Liabilities	-	119.84	100.39	110.15	99.34
Total Current Liabilities	-	775.51	494.72	517.92	397.87
Long-Term Debt	-	269.37	258.71	247.39	-
Long-Term Leases	-	2.62	3.37	10.34	17.5
Long-Term Deferred Tax Liabilities	-	0	-	2.52	0.09
Other Long-Term Liabilities	-	14.9	14.98	17.22	21.62
Total Liabilities	-	1,062	771.77	795.39	437.09
Common Stock	-	180.23	180.23	180.23	180.22
Additional Paid-In Capital	-	1,251	1,253	1,253	1,256
Retained Earnings	-	-517.71	-380.5	-140.69	64.41
Treasury Stock	-	-16.3	-	-	-
Comprehensive Income & Other	-	25.33	26.41	26.21	6.69
Total Common Equity	850.22	922.5	1,079	1,318	1,507
Minority Interest	-	0.55	1.36	2.35	-0.81
Shareholders' Equity	848.92	923.05	1,080	1,321	1,506
Total Liabilities & Equity	-	1,985	1,852	2,116	1,944
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
Net Cash Growth	-	-	-	-80.09%	-35.18%
Net Cash Per Share	-2.53	-1.32	-0.13	0.60	3.02
Filing Date Shares Outstanding	180.24	178.82	180.23	180.23	180.22
Total Common Shares Outstanding	178.82	178.82	180.23	180.23	180.22
Working Capital	-	702.24	879.28	1,126	1,157
Book Value Per Share	4.75	5.16	5.99	7.32	8.36
Tangible Book Value	746.73	809.84	993.05	1,271	1,465
Tangible Book Value Per Share	4.18	4.53	5.51	7.05	8.13
Buildings	-	184.73	184.73	184.73	181.66
Machinery	-	210	208.16	200.6	169.24

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.