Hwatsing Technology Co., Ltd. (SHA:688120)

Hwatsing Technology 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	2,374	2,761	2,565	2,057	616.98	331.26
Trading Asset Securities	1,693	1,845	2,022	2,103	200.54	90.29
Cash & Short-Term Investments	4,067	4,606	4,587	4,160	817.53	421.55
Cash Growth	-11.33%	0.43%	10.25%	408.89%	93.94%	425.66%
Accounts Receivable	764.89	701.02	487.91	438.88	97.31	148.58
Other Receivables	16.9	32.3	8.15	8.49	3.79	2.45
Receivables	781.79	733.32	496.06	447.37	101.1	151.04
Inventory	3,488	3,268	2,415	2,361	1,476	510.87
Other Current Assets	275.46	224.7	186.86	153.55	66.29	8.67
Total Current Assets	8,612	8,832	7,685	7,122	2,460	1,092
Property, Plant & Equipment	1,396	1,343	899.15	553.47	432.18	280.37
Long-Term Investments	319.37	477.95	373.16	4.91	14.98	15
Goodwill	835.75	802.13	-	-	-	-
Other Intangible Assets	225.75	228.29	67.83	76.5	84.01	77.5
Long-Term Deferred Tax Assets	34.87	29.85	15.47	8.86	2.46	-
Long-Term Deferred Charges	13.37	16.02	0.02	0.04	0.06	8.71
Other Long-Term Assets	229.25	21.15	76.68	60.52	34	9.41
Total Assets	11,666	11,751	9,117	7,827	3,028	1,483
Accounts Payable	1,525	1,290	890.47	1,002	655.45	286.37
Accrued Expenses	68.86	183.14	94.49	78.74	42.12	12.9
Short-Term Debt	24.55	27.5	-	-	-	44.44
Current Portion of Long-Term Debt	122.08	112.07	210.37	18.67	37.28	-
Current Portion of Leases	-	1.64	-	-	-	-
Current Income Taxes Payable	21.77	3.22	26.51	22.17	-	12.12
Current Unearned Revenue	1,641	1,791	1,328	1,304	778.93	163.9
Other Current Liabilities	442.33	776.88	85.81	51.27	119.69	99.88
Total Current Liabilities	3,845	4,186	2,635	2,476	1,633	619.61
Long-Term Debt	350.63	360.64	472.73	179.85	258.89	88.3
Long-Term Leases	1.71	0.05	-	-	-	-
Long-Term Unearned Revenue	562.89	553.53	389.89	302.8	287.61	148.57
Long-Term Deferred Tax Liabilities	21.61	21.33	-	4.13	-	-
Other Long-Term Liabilities	156.81	149.22	101.51	72.88	39.92	18.24
Total Liabilities	4,938	5,271	3,600	3,036	2,220	874.72
Common Stock	236.72	236.72	158.93	106.67	80	80
Additional Paid-In Capital	3,930	3,907	3,884	3,888	423.31	421.74
Retained Earnings	2,646	2,413	1,477	806.52	304.92	106.64
Treasury Stock	-79.93	-78.93	-	-	-	-
Comprehensive Income & Other	-5.25	-4.55	-2.24	-10.09	-0.02	-
Total Common Equity	6,728	6,473	5,518	4,791	808.21	608.39
Minority Interest	-	7.24	-	-	-	-
Shareholders' Equity	6,728	6,480	5,518	4,791	808.21	608.39
Total Liabilities & Equity	11,666	11,751	9,117	7,827	3,028	1,483
Total Debt	498.97	501.91	683.11	198.52	296.18	132.73
Net Cash (Debt)	3,568	4,105	3,904	3,962	521.35	288.81
Net Cash Growth	-10.31%	5.15%	-1.47%	659.91%	80.52%	548.38%
Net Cash Per Share	15.02	17.29	16.50	18.66	2.94	1.73
Filing Date Shares Outstanding	235.78	236.21	236.81	236.81	176.51	177.61
Total Common Shares Outstanding	235.78	236.21	236.81	236.81	176.51	177.61
Working Capital	4,767	4,646	5,050	4,646	826.95	472.51
Book Value Per Share	28.53	27.40	23.30	20.23	4.58	3.43
Tangible Book Value	5,666	5,443	5,450	4,714	724.2	530.89
Tangible Book Value Per Share	24.03	23.04	23.01	19.91	4.10	2.99
Buildings	-	387.91	265.74	264.49	0.52	-
Machinery	-	789.16	563.98	359.54	471.55	74.6
Construction In Progress	-	372.67	200.11	-	-	227.4

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.