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

Hillstone Networks Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	190.89	269.86	217.88	338.77	525.24	469.61
Trading Asset Securities	-	-	60.01	30	-	110.61
Cash & Short-Term Investments	190.89	269.86	277.89	368.77	525.24	580.22
Cash Growth	-8.25%	-2.89%	-24.64%	-29.79%	-9.47%	-30.99%
Accounts Receivable	1,197	1,051	1,055	885.16	952.35	808.69
Other Receivables	4.27	5.16	11.28	6.75	13.13	5.36
Receivables	1,202	1,056	1,066	891.91	965.48	814.04
Inventory	96.65	96.83	88.06	77.13	139.22	132.87
Other Current Assets	19.97	36.05	45.72	36.19	14.43	27.78
Total Current Assets	1,509	1,459	1,478	1,374	1,644	1,555
Property, Plant & Equipment	225.12	234.45	244.59	251.87	287.31	286.05
Long-Term Investments	44.92	44.91	43.01	41.04	42.04	8.14
Other Intangible Assets	92.83	100.7	112.66	85.89	47.52	42.28
Long-Term Deferred Tax Assets	112.84	108.13	99.07	92.91	75.89	34.92
Long-Term Deferred Charges	10.78	13.58	5.99	4.22	4.03	6.22
Other Long-Term Assets	1.15	2.42	2.38	2.15	15.01	11.02
Total Assets	1,997	1,963	1,985	1,852	2,116	1,944

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	242.59	234.96	237.63	136	159.96	160.65
Accrued Expenses	62.36	99.5	104.62	77.01	61.37	106.74
Short-Term Debt	442.58	394.93	222	122.49	137.72	-
Current Portion of Long-Term Debt	13.35	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	13.23	-	-	-	0	0.01
Current Unearned Revenue	75.57	80	69.69	50.91	27.41	13.37
Other Current Liabilities	115.85	104.69	119.84	100.39	110.15	99.34
Total Current Liabilities	965.53	928.38	775.51	494.72	517.92	397.87
Long-Term Debt	285.31	279.02	269.37	258.71	247.39	-
Long-Term Leases	9.9	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	21.02	16.87	14.9	14.98	17.22	21.62
Total Liabilities	1,282	1,234	1,062	771.77	795.39	437.09

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	180.24	180.24	180.23	180.23	180.23	180.22
Additional Paid-In Capital	1,251	1,251	1,251	1,253	1,253	1,256
Retained Earnings	-727.45	-711.25	-517.71	-380.5	-140.69	64.41
Treasury Stock	-16.3	-16.3	-16.3	-	-	-
Comprehensive Income & Other	30.06	27.73	25.33	26.41	26.21	6.69
Total Common Equity	717.56	731.39	922.5	1,079	1,318	1,507
Minority Interest	-2.52	-1.77	0.55	1.36	2.35	-0.81
Shareholders' Equity	715.04	729.63	923.05	1,080	1,321	1,506
Total Liabilities & Equity	1,997	1,963	1,985	1,852	2,116	1,944

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	751.16	697.63	515.73	392.48	416.76	35.25
Net Cash (Debt)	-560.26	-427.77	-237.83	-23.71	108.48	544.96
Net Cash Growth	-	-	-	-	-80.09%	-35.18%
Net Cash Per Share	-3.11	-2.37	-1.32	-0.13	0.60	3.02
Filing Date Shares Outstanding	180.33	178.82	178.82	180.23	180.23	180.22
Total Common Shares Outstanding	180.33	178.82	178.82	180.23	180.23	180.22
Working Capital	543.65	530.72	702.24	879.28	1,126	1,157
Book Value Per Share	3.98	4.09	5.16	5.99	7.32	8.36
Tangible Book Value	624.73	630.69	809.84	993.05	1,271	1,465
Tangible Book Value Per Share	3.46	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

Data Source: S&P Global Market Intelligence Last updated: Oct 27, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 9, 2026

Data Sources Report a data error