Shunfa Hengneng Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	4,954	5,133	4,925	5,436	5,377
Cash & Short-Term Investments	4,954	5,133	4,925	5,436	5,377
Cash Growth	-3.48%	4.21%	-9.40%	1.11%	23.15%
Accounts Receivable	85.11	84.3	44.54	42.32	62.88
Other Receivables	11.5	17.82	119.85	10.14	7.71
Receivables	96.61	102.12	164.38	52.47	70.59
Inventory	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	21.36	15.7	1.36	18.37	22.36
Total Current Assets	5,420	5,792	5,956	8,281	8,076
Property, Plant & Equipment	975.65	957.3	275.41	291.64	299.68
Long-Term Investments	48.11	47.53	20.03	54.58	111.07
Other Intangible Assets	29.16	30.16	13.7	14.1	13.97
Long-Term Deferred Tax Assets	126.85	125.7	120.3	122.05	132.58
Long-Term Deferred Charges	48.9	44.32	0.34	0.41	0.47
Other Long-Term Assets	845.15	684.69	404.47	427.1	456.7
Total Assets	7,494	7,682	6,790	9,191	9,090
Accounts Payable	186.9	164.53	239.43	146.76	174.57
Accrued Expenses	443.74	384.72	31.36	33.48	34.9
Short-Term Debt	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	22.59	24.86	64.36	2,042	1,641
Other Current Liabilities	268.53	490.44	437.87	617.02	641.19
Total Current Liabilities	1,235	1,271	844.48	2,897	2,565
Long-Term Debt	183.98	283.3	-	20.02	155.73
Long-Term Leases	20.44	14.08	0.05	-	-
Long-Term Unearned Revenue	26.5	-	-	-	-
Long-Term Deferred Tax Liabilities	5.01	4.5	0.11	0.1	0.12
Other Long-Term Liabilities	1.57	-	-	66.89	66.89
Total Liabilities	1,473	1,573	844.63	2,984	2,788
Common Stock	2,395	2,395	2,395	2,433	2,433
Additional Paid-In Capital	1,043	1,273	1,239	1,314	1,314
Retained Earnings	2,898	2,839	2,917	3,188	3,026
Treasury Stock	-474.94	-611.21	-668.96	-783.66	-563.51
Comprehensive Income & Other	2.13	1.47	0.79	-	-
Total Common Equity	5,863	5,898	5,883	6,151	6,209
Minority Interest	157.89	211.04	62.31	56.19	93.49
Shareholders' Equity	6,021	6,109	5,945	6,207	6,302
Total Liabilities & Equity	7,494	7,682	6,790	9,191	9,090
Total Debt	492.68	461.78	20.11	70.08	225.84
Net Cash (Debt)	4,461	4,671	4,905	5,366	5,151
Net Cash Growth	-4.49%	-4.78%	-8.59%	4.18%	26.15%
Net Cash Per Share	2.02	1.75	2.22	2.32	2.16
Filing Date Shares Outstanding	2,300	2,340	2,190	2,189	2,245
Total Common Shares Outstanding	2,190	2,340	2,190	2,189	2,245
Working Capital	4,185	4,521	5,111	5,384	5,511
Book Value Per Share	2.68	2.52	2.69	2.81	2.77
Tangible Book Value	5,834	5,867	5,869	6,137	6,195
Tangible Book Value Per Share	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.