HGTECH Company 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	2,898	4,601	4,538	4,436	3,400	3,356
Short-Term Investments	-	-	1,037	1,060	-	-
Trading Asset Securities	419.8	135.08	106.9	125.47	116.09	123.04
Cash & Short-Term Investments	3,317	4,736	5,682	5,622	3,516	3,479
Cash Growth	-14.90%	-16.64%	1.07%	59.90%	1.06%	3.80%
Accounts Receivable	6,970	5,958	6,168	5,045	5,113	4,075
Other Receivables	187.7	351.45	163.05	47.07	31.48	26.33
Receivables	7,158	6,309	6,331	5,092	5,145	4,101
Inventory	3,689	3,581	2,621	1,909	2,378	2,046
Prepaid Expenses	-	0.2	0.21	1.66	-	-
Other Current Assets	681.41	522.7	574.15	565.33	450.9	345.91
Total Current Assets	14,845	15,150	15,208	13,190	11,490	9,972
Property, Plant & Equipment	3,447	3,127	2,478	2,077	1,855	1,739
Long-Term Investments	830.34	3,434	2,240	1,593	2,887	1,608
Goodwill	-	-	0.5	-	-	-
Other Intangible Assets	578.99	486.64	407.64	386.43	267.77	264.23
Long-Term Deferred Tax Assets	203.18	214.31	189.84	167.35	136.51	126.48
Long-Term Deferred Charges	210.74	267.18	158.88	72.42	97.37	117.67
Other Long-Term Assets	2,857	240.19	141.95	28.68	69.69	55.56
Total Assets	22,973	22,919	20,824	17,515	16,803	13,884
Accounts Payable	6,178	6,190	5,574	4,198	4,114	3,105
Accrued Expenses	33.27	267.29	430.91	372.24	395.62	327.88
Short-Term Debt	925.11	1,171	385.2	59.04	739.35	770.55
Current Portion of Long-Term Debt	687.55	1,639	1,108	140.8	712.59	-
Current Portion of Leases	-	20.72	22.41	12.66	18.51	13.49
Current Income Taxes Payable	74.73	87.76	40.62	64.97	47.96	82.46
Current Unearned Revenue	492.58	489.43	359.55	448	475.72	355.45
Other Current Liabilities	114.31	254.73	314.69	190.8	211.67	283.72
Total Current Liabilities	8,506	10,120	8,236	5,487	6,715	4,939
Long-Term Debt	2,151	1,188	1,985	2,514	1,497	1,281
Long-Term Leases	77.68	59.08	13.97	12.75	37.52	26.31
Long-Term Unearned Revenue	299.02	320.86	239.35	195.89	215.26	191.14
Long-Term Deferred Tax Liabilities	125.19	53.2	45.79	52.11	75.59	17.91
Other Long-Term Liabilities	40.58	40.51	26.59	23.78	-	-
Total Liabilities	11,200	11,782	10,547	8,285	8,540	6,455
Common Stock	1,006	1,006	1,006	1,006	1,006	1,006
Additional Paid-In Capital	2,699	2,699	2,694	2,713	2,686	2,663
Retained Earnings	8,374	7,735	6,466	5,396	4,534	3,708
Treasury Stock	-395.01	-395.01	-	-	-	-
Comprehensive Income & Other	3.93	12.09	12.83	12	12.1	11.66
Total Common Equity	11,687	11,057	10,177	9,127	8,237	7,389
Minority Interest	85.56	79.93	100.21	103.43	25.66	39.88
Shareholders' Equity	11,773	11,137	10,278	9,230	8,263	7,429
Total Liabilities & Equity	22,973	22,919	20,824	17,515	16,803	13,884
Total Debt	3,842	4,078	3,515	2,739	3,004	2,091
Net Cash (Debt)	-524.17	658.53	2,167	2,883	511.38	1,388
Net Cash Growth	-	-69.61%	-24.84%	463.69%	-63.15%	-42.50%
Net Cash Per Share	-0.52	0.66	2.15	2.86	0.51	1.39
Filing Date Shares Outstanding	995.7	995.7	1,006	1,006	1,006	1,006
Total Common Shares Outstanding	995.7	995.7	1,006	1,006	1,006	1,006
Working Capital	6,339	5,030	6,973	7,703	4,775	5,033
Book Value Per Share	11.74	11.10	10.12	9.08	8.19	7.35
Tangible Book Value	11,108	10,571	9,769	8,740	7,970	7,125
Tangible Book Value Per Share	11.16	10.62	9.72	8.69	7.93	7.09
Buildings	-	1,860	1,620	1,584	1,449	1,327
Machinery	-	2,547	2,156	1,776	1,502	1,451
Construction In Progress	-	246.54	168.84	58.86	39.72	45.8

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