Shunfa Hengneng 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	4,780	4,954	5,133	4,925	5,436	5,377
Cash & Short-Term Investments	4,780	4,954	5,133	4,925	5,436	5,377
Cash Growth	-6.78%	-3.48%	4.21%	-9.40%	1.11%	23.15%
Accounts Receivable	86.39	85.11	84.3	44.54	42.32	62.88
Other Receivables	9.51	11.5	17.82	119.85	10.14	7.71
Receivables	95.9	96.61	102.12	164.38	52.47	70.59
Inventory	292.76	312.24	498.13	819.31	2,643	2,531
Prepaid Expenses	-	36.11	43.4	45.73	130.86	75.82
Other Current Assets	66.49	21.36	15.7	1.36	18.37	22.36
Total Current Assets	5,236	5,420	5,792	5,956	8,281	8,076
Property, Plant & Equipment	958.34	975.65	957.3	275.41	291.64	299.68
Long-Term Investments	48.11	48.11	47.53	20.03	54.58	111.07
Other Intangible Assets	28.94	29.16	30.16	13.7	14.1	13.97
Long-Term Deferred Tax Assets	128.72	126.85	125.7	120.3	122.05	132.58
Long-Term Deferred Charges	47.71	48.9	44.32	0.34	0.41	0.47
Other Long-Term Assets	951.16	845.15	684.69	404.47	427.1	456.7
Total Assets	7,399	7,494	7,682	6,790	9,191	9,090
Accounts Payable	161.16	186.9	164.53	239.43	146.76	174.57
Accrued Expenses	45.85	443.74	384.72	31.36	33.48	34.9
Short-Term Debt	108.59	103.6	81.58	-	-	-
Current Portion of Long-Term Debt	-	183.04	82.39	20.02	50.06	70.1
Current Portion of Leases	-	1.62	0.42	0.04	-	-
Current Income Taxes Payable	-	25.33	42.15	51.4	7.84	3.97
Current Unearned Revenue	8.14	22.59	24.86	64.36	2,042	1,641
Other Current Liabilities	893.73	268.53	490.44	437.87	617.02	641.19
Total Current Liabilities	1,217	1,235	1,271	844.48	2,897	2,565
Long-Term Debt	454.26	183.98	283.3	-	20.02	155.73
Long-Term Leases	20.22	20.44	14.08	0.05	-	-
Long-Term Unearned Revenue	26.5	26.5	-	-	-	-
Long-Term Deferred Tax Liabilities	4.93	5.01	4.5	0.11	0.1	0.12
Other Long-Term Liabilities	1.05	1.57	-	-	66.89	66.89
Total Liabilities	1,724	1,473	1,573	844.63	2,984	2,788
Common Stock	2,300	2,395	2,395	2,395	2,433	2,433
Additional Paid-In Capital	763.61	1,043	1,273	1,239	1,314	1,314
Retained Earnings	2,907	2,898	2,839	2,917	3,188	3,026
Treasury Stock	-461.37	-474.94	-611.21	-668.96	-783.66	-563.51
Comprehensive Income & Other	-	2.13	1.47	0.79	-	-
Total Common Equity	5,510	5,863	5,898	5,883	6,151	6,209
Minority Interest	164.47	157.89	211.04	62.31	56.19	93.49
Shareholders' Equity	5,674	6,021	6,109	5,945	6,207	6,302
Total Liabilities & Equity	7,399	7,494	7,682	6,790	9,191	9,090
Total Debt	583.07	492.68	461.78	20.11	70.08	225.84
Net Cash (Debt)	4,197	4,461	4,671	4,905	5,366	5,151
Net Cash Growth	-16.69%	-4.49%	-4.78%	-8.59%	4.18%	26.15%
Net Cash Per Share	1.82	2.02	1.75	2.22	2.32	2.16
Filing Date Shares Outstanding	2,359	2,300	2,340	2,190	2,189	2,245
Total Common Shares Outstanding	2,359	2,190	2,340	2,190	2,189	2,245
Working Capital	4,018	4,185	4,521	5,111	5,384	5,511
Book Value Per Share	2.34	2.68	2.52	2.69	2.81	2.77
Tangible Book Value	5,481	5,834	5,867	5,869	6,137	6,195
Tangible Book Value Per Share	2.32	2.66	2.51	2.68	2.80	2.76
Buildings	-	263.35	283.05	149.09	150.41	150.41
Machinery	-	1,619	1,500	381.38	381.32	370.38
Construction In Progress	-	16.28	61.51	7.83	-	-

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