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	269.86	217.88	338.77	525.24	469.61
Trading Asset Securities	-	60.01	30	-	110.61
Cash & Short-Term Investments	269.86	277.89	368.77	525.24	580.22
Cash Growth	-2.89%	-24.64%	-29.79%	-9.47%	-30.99%
Accounts Receivable	1,051	1,055	885.16	952.35	808.69
Other Receivables	5.16	11.28	6.75	13.13	5.36
Receivables	1,056	1,066	891.91	965.48	814.04
Inventory	96.83	88.06	77.13	139.22	132.87
Other Current Assets	36.05	45.72	36.19	14.43	27.78
Total Current Assets	1,459	1,478	1,374	1,644	1,555
Property, Plant & Equipment	234.45	244.59	251.87	287.31	286.05
Long-Term Investments	44.91	43.01	41.04	42.04	8.14
Other Intangible Assets	100.7	112.66	85.89	47.52	42.28
Long-Term Deferred Tax Assets	108.13	99.07	92.91	75.89	34.92
Long-Term Deferred Charges	13.58	5.99	4.22	4.03	6.22
Other Long-Term Assets	2.42	2.38	2.15	15.01	11.02
Total Assets	1,963	1,985	1,852	2,116	1,944
Accounts Payable	234.96	237.63	136	159.96	160.65
Accrued Expenses	99.5	104.62	77.01	61.37	106.74
Short-Term Debt	394.93	222	122.49	137.72	-
Current Portion of Long-Term Debt	3.76	2.51	1.46	0.83	-
Current Portion of Leases	10.54	19.22	6.45	20.48	17.75
Current Income Taxes Payable	-	-	-	0	0.01
Current Unearned Revenue	80	69.69	50.91	27.41	13.37
Other Current Liabilities	104.69	119.84	100.39	110.15	99.34
Total Current Liabilities	928.38	775.51	494.72	517.92	397.87
Long-Term Debt	279.02	269.37	258.71	247.39	-
Long-Term Leases	9.39	2.62	3.37	10.34	17.5
Long-Term Deferred Tax Liabilities	0	0	-	2.52	0.09
Other Long-Term Liabilities	16.87	14.9	14.98	17.22	21.62
Total Liabilities	1,234	1,062	771.77	795.39	437.09
Common Stock	180.24	180.23	180.23	180.23	180.22
Additional Paid-In Capital	1,251	1,251	1,253	1,253	1,256
Retained Earnings	-711.25	-517.71	-380.5	-140.69	64.41
Treasury Stock	-16.3	-16.3	-	-	-
Comprehensive Income & Other	27.73	25.33	26.41	26.21	6.69
Total Common Equity	731.39	922.5	1,079	1,318	1,507
Minority Interest	-1.77	0.55	1.36	2.35	-0.81
Shareholders' Equity	729.63	923.05	1,080	1,321	1,506
Total Liabilities & Equity	1,963	1,985	1,852	2,116	1,944
Total Debt	697.63	515.73	392.48	416.76	35.25
Net Cash (Debt)	-427.77	-237.83	-23.71	108.48	544.96
Net Cash Growth	-	-	-	-80.09%	-35.18%
Net Cash Per Share	-2.37	-1.32	-0.13	0.60	3.02
Filing Date Shares Outstanding	178.82	178.82	180.23	180.23	180.22
Total Common Shares Outstanding	178.82	178.82	180.23	180.23	180.22
Working Capital	530.72	702.24	879.28	1,126	1,157
Book Value Per Share	4.09	5.16	5.99	7.32	8.36
Tangible Book Value	630.69	809.84	993.05	1,271	1,465
Tangible Book Value Per Share	3.53	4.53	5.51	7.05	8.13
Buildings	184.73	184.73	184.73	184.73	181.66
Machinery	202.93	210	208.16	200.6	169.24

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