Hwatsing Technology Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,670	2,036	2,761	2,565	2,057	616.98
Short-Term Investments	-	200	-	-	-	-
Trading Asset Securities	2,650	2,405	1,845	2,022	2,103	200.54
Cash & Short-Term Investments	4,320	4,641	4,606	4,587	4,160	817.53
Cash Growth	6.23%	0.75%	0.43%	10.25%	408.89%	93.94%
Accounts Receivable	1,300	1,019	701.02	487.91	438.88	97.31
Other Receivables	56.34	74.65	32.3	8.15	8.49	3.79
Receivables	1,356	1,094	733.32	496.06	447.37	101.1
Inventory	4,229	3,989	3,268	2,415	2,361	1,476
Prepaid Expenses	-	0.04	-	-	-	-
Other Current Assets	513.64	285.19	224.7	186.86	153.55	66.29
Total Current Assets	10,419	10,009	8,832	7,685	7,122	2,460
Property, Plant & Equipment	1,558	1,571	1,343	899.15	553.47	432.18
Long-Term Investments	460.83	447.96	477.95	373.16	4.91	14.98
Goodwill	802.13	802.13	802.13	-	-	-
Other Intangible Assets	203.01	209.98	228.29	67.83	76.5	84.01
Long-Term Deferred Tax Assets	32.2	32.66	29.85	15.47	8.86	2.46
Long-Term Deferred Charges	15.88	15.56	16.02	0.02	0.04	0.06
Other Long-Term Assets	48.55	50.59	21.15	76.68	60.52	34
Total Assets	13,540	13,139	11,751	9,117	7,827	3,028
Accounts Payable	2,234	1,918	1,290	890.47	1,002	655.45
Accrued Expenses	116.18	319.77	183.14	94.49	78.74	42.12
Short-Term Debt	-	-	27.5	-	-	-
Current Portion of Long-Term Debt	-	126.56	112.07	210.37	18.67	37.28
Current Portion of Leases	-	4.03	1.64	-	-	-
Current Income Taxes Payable	67.53	30.98	3.22	26.51	22.17	-
Current Unearned Revenue	1,833	1,932	1,791	1,328	1,304	778.93
Other Current Liabilities	633.74	417.7	776.88	85.81	51.27	119.69
Total Current Liabilities	4,885	4,749	4,186	2,635	2,476	1,633
Long-Term Debt	234.03	234.03	360.64	472.73	179.85	258.89
Long-Term Leases	30.79	30.57	0.05	-	-	-
Long-Term Unearned Revenue	554.18	563.97	553.53	389.89	302.8	287.61
Long-Term Deferred Tax Liabilities	18.74	19.26	21.33	-	4.13	-
Other Long-Term Liabilities	97.3	83.53	149.22	101.51	72.88	39.92
Total Liabilities	5,820	5,680	5,271	3,600	3,036	2,220
Common Stock	353.65	353.65	236.72	158.93	106.67	80
Additional Paid-In Capital	3,901	3,885	3,907	3,884	3,888	423.31
Retained Earnings	3,614	3,367	2,413	1,477	806.52	304.92
Treasury Stock	-140.16	-140.16	-78.93	-	-	-
Comprehensive Income & Other	-7.51	-7.09	-4.55	-2.24	-10.09	-0.02
Total Common Equity	7,721	7,458	6,473	5,518	4,791	808.21
Minority Interest	-	-	7.24	-	-	-
Shareholders' Equity	7,721	7,458	6,480	5,518	4,791	808.21
Total Liabilities & Equity	13,540	13,139	11,751	9,117	7,827	3,028
Total Debt	264.82	395.19	501.91	683.11	198.52	296.18
Net Cash (Debt)	4,055	4,246	4,105	3,904	3,962	521.35
Net Cash Growth	13.66%	3.44%	5.15%	-1.47%	659.91%	80.52%
Net Cash Per Share	11.49	12.03	11.63	11.08	12.52	1.97
Filing Date Shares Outstanding	353.29	352.7	351.96	352.85	352.85	263.09
Total Common Shares Outstanding	353.29	352.7	351.96	352.85	352.85	263.09
Working Capital	5,535	5,260	4,646	5,050	4,646	826.95
Book Value Per Share	21.85	21.15	18.39	15.64	13.58	3.07
Tangible Book Value	6,716	6,446	5,443	5,450	4,714	724.2
Tangible Book Value Per Share	19.01	18.28	15.46	15.45	13.36	2.75
Buildings	-	775.21	387.91	265.74	264.49	0.52
Machinery	-	1,091	789.16	563.98	359.54	471.55
Construction In Progress	-	0.15	372.67	200.11	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.