Zhejiang Heda 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	31.07	323.23	331.51	281.51	333.13	461.9
Trading Asset Securities	229.5	-	-	50	-	-
Cash & Short-Term Investments	260.57	323.23	331.51	331.51	333.13	461.9
Cash Growth	-7.61%	-2.50%	-0.00%	-0.49%	-27.88%	101.56%
Accounts Receivable	224.4	247.64	307.57	299.85	335.65	265.52
Other Receivables	6.52	6.89	20.91	27.67	35.18	10.94
Receivables	230.91	254.53	328.48	327.52	370.82	276.46
Inventory	133.6	115.12	71.75	102.49	99.39	84.9
Other Current Assets	56.83	47.79	34.96	35.8	29.19	24.24
Total Current Assets	681.92	740.67	766.7	797.32	832.53	847.5
Property, Plant & Equipment	98.05	97.13	105.68	106.29	49.68	63.06
Long-Term Investments	64.36	64.83	47.81	43.86	17.83	6.67
Other Intangible Assets	10.79	10.9	11.03	11.34	6.46	13.23
Long-Term Accounts Receivable	-	15.91	15.99	19.81	20.78	13.2
Long-Term Deferred Tax Assets	25.9	25.9	27.26	19.05	6.22	4.21
Long-Term Deferred Charges	7.8	7.66	4.5	1.46	1.9	3.93
Other Long-Term Assets	16.39	-	-	0.11	50.56	0.17
Total Assets	905.22	962.99	978.96	999.23	985.96	951.97
Accounts Payable	127.77	149.2	149.35	129.29	144.94	112.92
Accrued Expenses	14.32	38.45	41.5	44.54	39.8	44.2
Short-Term Debt	26.62	30.66	19.72	15.4	4.01	-
Current Portion of Long-Term Debt	4.33	0.5	-	-	-	-
Current Portion of Leases	-	3.5	3.56	3.62	4	3.81
Current Income Taxes Payable	1.17	0.07	0.09	0.08	0.07	7.47
Current Unearned Revenue	88.85	69.45	29.79	69.36	26	31.44
Other Current Liabilities	13.93	19.37	15.46	12.72	1.84	5.48
Total Current Liabilities	276.99	311.2	259.47	275	220.67	205.32
Long-Term Debt	35.15	33.07	-	-	-	-
Long-Term Leases	7.12	5.1	8.22	8.21	1.83	3
Long-Term Unearned Revenue	6.65	6.75	7.15	7.56	5.76	6.3
Long-Term Deferred Tax Liabilities	-	0	-	-	-	-
Other Long-Term Liabilities	2.31	2.62	4.57	4.9	4.69	5.07
Total Liabilities	328.22	358.74	279.42	295.67	232.95	219.7
Common Stock	107.9	107.9	108.24	107.39	107.39	107.39
Additional Paid-In Capital	384.4	384.25	386.99	380.21	380.19	380.19
Retained Earnings	124.19	136.86	206.59	212.23	257.84	235.88
Treasury Stock	-44.42	-32.08	-7.63	-	-	-
Comprehensive Income & Other	-1.43	-0.86	-2.34	-1.48	-1.25	-0.54
Total Common Equity	570.63	596.08	691.86	698.35	744.18	722.93
Minority Interest	6.37	8.17	7.69	5.21	8.84	9.35
Shareholders' Equity	577	604.25	699.54	703.56	753.01	732.28
Total Liabilities & Equity	905.22	962.99	978.96	999.23	985.96	951.97
Total Debt	73.22	72.83	31.5	27.23	9.85	6.81
Net Cash (Debt)	187.35	250.4	300.01	304.28	323.28	455.09
Net Cash Growth	-18.82%	-16.54%	-1.41%	-5.88%	-28.96%	113.49%
Net Cash Per Share	1.76	2.33	2.66	2.78	2.98	4.95
Filing Date Shares Outstanding	105.63	107.9	108.24	107.39	107.39	107.39
Total Common Shares Outstanding	105.63	107.9	108.24	107.39	107.39	107.39
Working Capital	404.93	429.46	507.22	522.31	611.86	642.18
Book Value Per Share	5.40	5.52	6.39	6.50	6.93	6.73
Tangible Book Value	559.84	585.18	680.83	687.01	737.71	709.7
Tangible Book Value Per Share	5.30	5.42	6.29	6.40	6.87	6.61
Buildings	-	93.02	93.02	90.59	37.2	-
Machinery	-	24.86	23.12	19.83	16.2	13.13
Construction In Progress	-	-	-	-	-	50.12

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