Hwatsing Technology 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	-	2,761	2,565	2,057	616.98
Trading Asset Securities	-	1,845	2,022	2,103	200.54
Cash & Short-Term Investments	4,151	4,606	4,587	4,160	817.53
Cash Growth	-9.89%	0.43%	10.25%	408.89%	93.94%
Accounts Receivable	-	701.02	487.91	438.88	97.31
Other Receivables	-	32.3	8.15	8.49	3.79
Receivables	-	733.32	496.06	447.37	101.1
Inventory	-	3,268	2,415	2,361	1,476
Other Current Assets	-	224.7	186.86	153.55	66.29
Total Current Assets	-	8,832	7,685	7,122	2,460
Property, Plant & Equipment	-	1,343	899.15	553.47	432.18
Long-Term Investments	-	477.95	373.16	4.91	14.98
Goodwill	-	802.13	-	-	-
Other Intangible Assets	-	228.29	67.83	76.5	84.01
Long-Term Deferred Tax Assets	-	29.85	15.47	8.86	2.46
Long-Term Deferred Charges	-	16.02	0.02	0.04	0.06
Other Long-Term Assets	-	21.15	76.68	60.52	34
Total Assets	-	11,751	9,117	7,827	3,028
Accounts Payable	-	1,290	890.47	1,002	655.45
Accrued Expenses	-	183.14	94.49	78.74	42.12
Short-Term Debt	-	27.5	-	-	-
Current Portion of Long-Term Debt	-	112.07	210.37	18.67	37.28
Current Portion of Leases	-	1.64	-	-	-
Current Income Taxes Payable	-	3.22	26.51	22.17	-
Current Unearned Revenue	-	1,791	1,328	1,304	778.93
Other Current Liabilities	-	776.88	85.81	51.27	119.69
Total Current Liabilities	-	4,186	2,635	2,476	1,633
Long-Term Debt	-	360.64	472.73	179.85	258.89
Long-Term Leases	-	0.05	-	-	-
Long-Term Unearned Revenue	-	553.53	389.89	302.8	287.61
Long-Term Deferred Tax Liabilities	-	21.33	-	4.13	-
Other Long-Term Liabilities	-	149.22	101.51	72.88	39.92
Total Liabilities	-	5,271	3,600	3,036	2,220
Common Stock	-	236.72	158.93	106.67	80
Additional Paid-In Capital	-	3,907	3,884	3,888	423.31
Retained Earnings	-	2,413	1,477	806.52	304.92
Treasury Stock	-	-78.93	-	-	-
Comprehensive Income & Other	-	-4.55	-2.24	-10.09	-0.02
Total Common Equity	7,202	6,473	5,518	4,791	808.21
Minority Interest	-	7.24	-	-	-
Shareholders' Equity	7,202	6,480	5,518	4,791	808.21
Total Liabilities & Equity	-	11,751	9,117	7,827	3,028
Total Debt	420.86	501.91	683.11	198.52	296.18
Net Cash (Debt)	3,730	4,105	3,904	3,962	521.35
Net Cash Growth	-9.12%	5.15%	-1.47%	659.91%	80.52%
Net Cash Per Share	10.58	11.60	11.08	12.52	1.97
Filing Date Shares Outstanding	354.55	351.96	352.85	352.85	263.09
Total Common Shares Outstanding	354.55	351.96	352.85	352.85	263.09
Working Capital	-	4,646	5,050	4,646	826.95
Book Value Per Share	20.50	18.39	15.64	13.58	3.07
Tangible Book Value	6,174	5,443	5,450	4,714	724.2
Tangible Book Value Per Share	17.57	15.46	15.45	13.36	2.75
Buildings	-	387.91	265.74	264.49	0.52
Machinery	-	789.16	563.98	359.54	471.55
Construction In Progress	-	372.67	200.11	-	-

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