Shenzhen Zhongheng Huafa 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	197.73	196.88	203.17	110.03	74.92	34.43
Cash & Short-Term Investments	197.73	196.88	203.17	110.03	74.92	34.43
Cash Growth	33.62%	-3.10%	84.65%	46.87%	117.62%	13.69%
Accounts Receivable	135.23	160.84	144.8	117.28	175.43	235.1
Other Receivables	3.3	3.48	1.31	2.67	3.3	1.21
Receivables	138.52	164.32	146.31	120.07	178.83	237.79
Inventory	88.31	76.81	58.66	68.82	66.45	90.59
Other Current Assets	33.89	37.6	21.55	28.33	25.14	13.56
Total Current Assets	458.45	475.61	429.7	327.25	345.33	376.36
Property, Plant & Equipment	159.67	160.63	70.97	64.01	76.88	95.98
Other Intangible Assets	31.97	32.4	34.12	35.75	37.46	39.17
Long-Term Deferred Tax Assets	9.92	9.94	9.78	7.74	8.17	7.68
Long-Term Deferred Charges	0.64	0.66	0.31	0.27	1.25	1.69
Other Long-Term Assets	39.76	40.23	135.31	135.52	139.73	139.05
Total Assets	700.41	719.48	680.19	570.54	608.82	659.93
Accounts Payable	181.51	199.69	203.18	133.6	126.93	110.08
Accrued Expenses	8.49	9.6	20.12	17.51	19.83	19.17
Short-Term Debt	-	-	-	-	-	26.48
Current Portion of Long-Term Debt	-	-	-	-	-	61
Current Portion of Leases	-	-	-	-	0.09	0.1
Current Income Taxes Payable	11.37	16.94	7.04	6.2	7.02	7.39
Current Unearned Revenue	-	-	-	0	0.01	0.74
Other Current Liabilities	49.03	48.31	40.41	41.16	48.38	87.04
Total Current Liabilities	250.39	274.55	270.74	198.47	202.25	312
Long-Term Debt	-	-	-	-	49.1	-
Long-Term Leases	-	-	-	-	-	0.12
Long-Term Unearned Revenue	1.53	1.65	2.13	2.61	3.09	3.57
Other Long-Term Liabilities	4.18	4.18	3.66	2.55	0.8	0.8
Total Liabilities	256.1	280.38	276.53	203.62	255.25	316.48
Common Stock	283.16	283.16	283.16	283.16	283.16	283.16
Additional Paid-In Capital	146.58	146.58	96.5	96.5	96.5	96.5
Retained Earnings	14.56	9.36	-26.08	-62.82	-76.16	-86.29
Comprehensive Income & Other	-	-	50.08	50.08	50.08	50.08
Shareholders' Equity	444.3	439.1	403.66	366.92	353.58	343.45
Total Liabilities & Equity	700.41	719.48	680.19	570.54	608.82	659.93
Total Debt	-	-	-	-	49.19	87.7
Net Cash (Debt)	197.73	196.88	203.17	110.03	25.73	-53.27
Net Cash Growth	33.62%	-3.10%	84.65%	327.69%	-	-
Net Cash Per Share	0.70	0.70	0.72	0.39	0.09	-0.19
Filing Date Shares Outstanding	282.78	282.75	283.16	283.16	283.16	283.16
Total Common Shares Outstanding	282.78	282.75	283.16	283.16	283.16	283.16
Working Capital	208.06	201.07	158.96	128.78	143.08	64.36
Book Value Per Share	1.57	1.55	1.43	1.30	1.25	1.21
Tangible Book Value	412.33	406.7	369.54	331.17	316.12	304.28
Tangible Book Value Per Share	1.46	1.44	1.31	1.17	1.12	1.07
Buildings	-	-	78.13	66.42	72.06	72.06
Machinery	-	-	43.2	54.46	100.06	148.38
Construction In Progress	-	-	-	-	0.74	0.74

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.