Hengbao Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	632.25	619.46	154.58	378.23	201.49	466.59
Short-Term Investments	-	62.23	200.17	35.47	-	-
Trading Asset Securities	572.58	748.44	959.16	685.4	978.79	863.89
Cash & Short-Term Investments	1,205	1,430	1,314	1,099	1,180	1,330
Cash Growth	-5.96%	8.85%	19.54%	-6.88%	-11.29%	48.94%
Accounts Receivable	152.94	135.48	135.85	155.05	149.3	149.11
Other Receivables	84.2	97.93	113.8	126.26	6.19	6.99
Receivables	237.14	233.41	249.65	281.31	155.48	156.1
Inventory	225.98	271.37	301.8	331.68	229.06	244.44
Other Current Assets	108.99	7.36	50.06	80.07	16.06	21.35
Total Current Assets	1,777	1,942	1,915	1,792	1,581	1,752
Property, Plant & Equipment	268.53	282.95	298.46	303.9	311.93	317.42
Long-Term Investments	80.82	93.56	97.6	129.3	236.87	222.72
Goodwill	-	-	-	-	-	4.43
Other Intangible Assets	24.66	27.59	31.59	35.66	39.62	47.77
Long-Term Deferred Tax Assets	9.29	10.28	12.3	10.77	9.46	5.84
Long-Term Deferred Charges	16.36	0.63	1.45	0.8	2.42	10.79
Other Long-Term Assets	212.3	63.81	40.07	0.01	0.79	1.17
Total Assets	2,389	2,421	2,397	2,273	2,182	2,363
Accounts Payable	174.75	207.87	149.86	162.08	216.55	184.09
Accrued Expenses	5.09	12.21	21.78	14.91	14.57	21.65
Short-Term Debt	-	0.1	-	-	-	-
Current Portion of Long-Term Debt	-	-	36.02	24.37	20.39	20.42
Current Portion of Leases	1.08	1.51	1.16	2.1	1.45	-
Current Income Taxes Payable	8.56	1.71	14.31	4.91	7.72	4.22
Current Unearned Revenue	46.57	35.68	39.64	31.92	40.56	75.48
Other Current Liabilities	3.38	4.87	5.13	33.7	6.2	16.91
Total Current Liabilities	239.43	263.95	267.9	274	307.44	322.77
Long-Term Debt	-	-	-	36	20.32	40.66
Long-Term Leases	2.1	2.13	0.67	1.37	2.45	-
Long-Term Unearned Revenue	1.31	1.28	1.26	1.4	3.92	6.06
Long-Term Deferred Tax Liabilities	4.27	4.8	4.08	3.83	3.48	2.94
Total Liabilities	247.11	272.16	273.91	316.6	337.61	372.42
Common Stock	708.34	706.97	700.65	700.42	696.92	696.92
Additional Paid-In Capital	61.29	57.03	36.24	32.52	13.4	0.83
Retained Earnings	1,370	1,390	1,384	1,220	1,137	1,231
Comprehensive Income & Other	2.28	-4.67	1.81	3.2	-2.52	0.76
Total Common Equity	2,142	2,149	2,123	1,956	1,844	1,929
Minority Interest	-	-	-	-	-	60.78
Shareholders' Equity	2,142	2,149	2,123	1,956	1,844	1,990
Total Liabilities & Equity	2,389	2,421	2,397	2,273	2,182	2,363
Total Debt	3.17	3.74	37.86	63.84	44.61	61.08
Net Cash (Debt)	1,202	1,426	1,276	1,035	1,136	1,269
Net Cash Growth	-6.09%	11.78%	23.26%	-8.84%	-10.54%	42.11%
Net Cash Per Share	1.70	2.03	1.82	1.48	1.63	1.84
Filing Date Shares Outstanding	708.34	706.97	703.88	700.42	696.92	696.92
Total Common Shares Outstanding	708.34	706.97	700.65	700.42	696.92	696.92
Working Capital	1,538	1,678	1,648	1,518	1,273	1,430
Book Value Per Share	3.02	3.04	3.03	2.79	2.65	2.77
Tangible Book Value	2,117	2,121	2,091	1,920	1,805	1,877
Tangible Book Value Per Share	2.99	3.00	2.98	2.74	2.59	2.69
Buildings	-	360.82	357.33	335.65	329.83	319.41
Machinery	-	443.21	450.53	457.46	449.25	440.81
Construction In Progress	-	-	-	8.17	1.26	3.84

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