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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1,994	2,761	2,565	2,057	616.98	331.26
Trading Asset Securities	2,156	1,845	2,022	2,103	200.54	90.29
Cash & Short-Term Investments	4,151	4,606	4,587	4,160	817.53	421.55
Cash Growth	-13.10%	0.43%	10.25%	408.89%	93.94%	425.66%
Accounts Receivable	831.59	701.02	487.91	438.88	97.31	148.58
Other Receivables	47.47	32.3	8.15	8.49	3.79	2.45
Receivables	879.07	733.32	496.06	447.37	101.1	151.04
Inventory	3,898	3,268	2,415	2,361	1,476	510.87
Other Current Assets	383.78	224.7	186.86	153.55	66.29	8.67
Total Current Assets	9,312	8,832	7,685	7,122	2,460	1,092
Property, Plant & Equipment	1,500	1,343	899.15	553.47	432.18	280.37
Long-Term Investments	395.37	477.95	373.16	4.91	14.98	15
Goodwill	802.13	802.13	-	-	-	-
Other Intangible Assets	226.24	228.29	67.83	76.5	84.01	77.5
Long-Term Deferred Tax Assets	37.13	29.85	15.47	8.86	2.46	-
Long-Term Deferred Charges	9.67	16.02	0.02	0.04	0.06	8.71
Other Long-Term Assets	231.19	21.15	76.68	60.52	34	9.41
Total Assets	12,513	11,751	9,117	7,827	3,028	1,483
Accounts Payable	2,045	1,290	890.47	1,002	655.45	286.37
Accrued Expenses	126.06	183.14	94.49	78.74	42.12	12.9
Short-Term Debt	3.52	27.5	-	-	-	44.44
Current Portion of Long-Term Debt	122.53	112.07	210.37	18.67	37.28	-
Current Portion of Leases	-	1.64	-	-	-	-
Current Income Taxes Payable	34.32	3.22	26.51	22.17	-	12.12
Current Unearned Revenue	1,512	1,791	1,328	1,304	778.93	163.9
Other Current Liabilities	414.75	776.88	85.81	51.27	119.69	99.88
Total Current Liabilities	4,258	4,186	2,635	2,476	1,633	619.61
Long-Term Debt	294.55	360.64	472.73	179.85	258.89	88.3
Long-Term Leases	0.27	0.05	-	-	-	-
Long-Term Unearned Revenue	570.38	553.53	389.89	302.8	287.61	148.57
Long-Term Deferred Tax Liabilities	19.78	21.33	-	4.13	-	-
Other Long-Term Liabilities	167.98	149.22	101.51	72.88	39.92	18.24
Total Liabilities	5,311	5,271	3,600	3,036	2,220	874.72
Common Stock	353.41	236.72	158.93	106.67	80	80
Additional Paid-In Capital	3,861	3,907	3,884	3,888	423.31	421.74
Retained Earnings	3,075	2,413	1,477	806.52	304.92	106.64
Treasury Stock	-79.93	-78.93	-	-	-	-
Comprehensive Income & Other	-6.67	-4.55	-2.24	-10.09	-0.02	-
Total Common Equity	7,202	6,473	5,518	4,791	808.21	608.39
Minority Interest	-	7.24	-	-	-	-
Shareholders' Equity	7,202	6,480	5,518	4,791	808.21	608.39
Total Liabilities & Equity	12,513	11,751	9,117	7,827	3,028	1,483
Total Debt	420.86	501.91	683.11	198.52	296.18	132.73
Net Cash (Debt)	3,730	4,105	3,904	3,962	521.35	288.81
Net Cash Growth	-12.60%	5.15%	-1.47%	659.91%	80.52%	548.38%
Net Cash Per Share	10.54	11.60	11.08	12.52	1.97	1.16
Filing Date Shares Outstanding	351.39	351.96	352.85	352.85	263.09	264.64
Total Common Shares Outstanding	351.39	351.96	352.85	352.85	263.09	264.64
Working Capital	5,053	4,646	5,050	4,646	826.95	472.51
Book Value Per Share	20.50	18.39	15.64	13.58	3.07	2.30
Tangible Book Value	6,174	5,443	5,450	4,714	724.2	530.89
Tangible Book Value Per Share	17.57	15.46	15.45	13.36	2.75	2.01
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 Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.