Hengbao 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	368.13	439.27	619.46	154.58	378.23	201.49
Short-Term Investments	-	-	62.23	200.17	35.47	-
Trading Asset Securities	835.38	857.92	748.44	959.16	685.4	978.79
Cash & Short-Term Investments	1,204	1,297	1,430	1,314	1,099	1,180
Cash Growth	-11.39%	-9.29%	8.85%	19.54%	-6.88%	-11.29%
Accounts Receivable	138.61	127.54	135.48	135.85	155.05	149.3
Other Receivables	54.46	55.77	97.93	113.8	126.26	6.19
Receivables	193.07	183.31	233.41	249.65	281.31	155.48
Inventory	209.33	173.61	271.37	301.8	331.68	229.06
Other Current Assets	46.69	42.77	7.36	50.06	80.07	16.06
Total Current Assets	1,653	1,697	1,942	1,915	1,792	1,581
Property, Plant & Equipment	303.01	306.28	282.95	298.46	303.9	311.93
Long-Term Investments	82.39	82.53	93.56	97.6	129.3	236.87
Other Intangible Assets	22.79	23.73	27.59	31.59	35.66	39.62
Long-Term Deferred Tax Assets	7.63	7.96	10.28	12.3	10.77	9.46
Long-Term Deferred Charges	12.95	14.51	0.63	1.45	0.8	2.42
Other Long-Term Assets	262.19	254.85	63.81	40.07	0.01	0.79
Total Assets	2,344	2,387	2,421	2,397	2,273	2,182
Accounts Payable	149.1	162.05	207.87	149.86	162.08	216.55
Accrued Expenses	2.75	3.73	12.21	21.78	14.91	14.57
Short-Term Debt	-	-	0.1	-	-	-
Current Portion of Long-Term Debt	-	3.18	-	36.02	24.37	20.39
Current Portion of Leases	-	-	1.51	1.16	2.1	1.45
Current Income Taxes Payable	6.23	9.05	1.71	14.31	4.91	7.72
Current Unearned Revenue	30.43	27.91	35.68	39.64	31.92	40.56
Other Current Liabilities	8.75	8.36	4.87	5.13	33.7	6.2
Total Current Liabilities	197.26	214.28	263.95	267.9	274	307.44
Long-Term Debt	-	-	-	-	36	20.32
Long-Term Leases	7.07	7.18	2.13	0.67	1.37	2.45
Long-Term Unearned Revenue	1.08	1.18	1.28	1.26	1.4	3.92
Long-Term Deferred Tax Liabilities	3.95	4.41	4.8	4.08	3.83	3.48
Total Liabilities	209.36	227.05	272.16	273.91	316.6	337.61
Common Stock	708.35	708.34	706.97	700.65	700.42	696.92
Additional Paid-In Capital	60.78	60.74	57.03	36.24	32.52	13.4
Retained Earnings	1,372	1,393	1,390	1,384	1,220	1,137
Comprehensive Income & Other	-7.08	-2.42	-4.67	1.81	3.2	-2.52
Total Common Equity	2,134	2,160	2,149	2,123	1,956	1,844
Shareholders' Equity	2,134	2,160	2,149	2,123	1,956	1,844
Total Liabilities & Equity	2,344	2,387	2,421	2,397	2,273	2,182
Total Debt	7.07	10.36	3.74	37.86	63.84	44.61
Net Cash (Debt)	1,196	1,287	1,426	1,276	1,035	1,136
Net Cash Growth	-11.71%	-9.78%	11.78%	23.26%	-8.84%	-10.54%
Net Cash Per Share	1.69	1.82	2.03	1.82	1.48	1.63
Filing Date Shares Outstanding	707.43	704.38	706.97	703.88	700.42	696.92
Total Common Shares Outstanding	707.43	704.38	706.97	700.65	700.42	696.92
Working Capital	1,455	1,483	1,678	1,648	1,518	1,273
Book Value Per Share	3.02	3.07	3.04	3.03	2.79	2.65
Tangible Book Value	2,111	2,136	2,121	2,091	1,920	1,805
Tangible Book Value Per Share	2.98	3.03	3.00	2.98	2.74	2.59
Buildings	-	-	360.82	357.33	335.65	329.83
Machinery	-	-	443.21	450.53	457.46	449.25
Construction In Progress	-	-	-	-	8.17	1.26

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