Hongbo 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	340.75	653.68	832.89	1,097	1,041	926.78
Trading Asset Securities	100	-	-	-	50	-
Cash & Short-Term Investments	440.75	653.68	832.89	1,097	1,091	926.78
Cash Growth	-32.48%	-21.52%	-24.06%	0.53%	17.71%	9.72%
Accounts Receivable	273.22	190.6	228.25	173.34	173	70.46
Other Receivables	23.54	111.71	76.7	31.18	22.01	26.61
Receivables	296.76	302.31	304.94	204.52	195.01	97.07
Inventory	385.39	800.17	243.65	86.49	77.81	109.06
Prepaid Expenses	-	0.62	-	-	-	-
Other Current Assets	38.11	37.26	275.44	4.13	15.34	4.08
Total Current Assets	1,161	1,794	1,657	1,392	1,379	1,137
Property, Plant & Equipment	665.47	717	695.12	411.77	451.35	467.59
Long-Term Investments	423.68	413.28	457.78	451.83	409.18	368.19
Goodwill	43.81	43.81	53.81	57.63	57.63	40.36
Other Intangible Assets	42.98	44.28	46.4	48.37	50.37	52.68
Long-Term Deferred Tax Assets	81.17	94.61	111.37	37.04	37.75	28.87
Long-Term Deferred Charges	4.81	5.74	11.14	7.97	15.33	23.98
Other Long-Term Assets	7.85	11.21	48.66	54.24	16.93	19.7
Total Assets	2,431	3,124	3,081	2,461	2,418	2,138
Accounts Payable	189.23	205.82	119.43	94.17	101.72	81.62
Accrued Expenses	21.2	34.13	36.39	46.38	38.79	32.95
Short-Term Debt	164.55	249.91	377.41	298.4	313.41	123.16
Current Portion of Long-Term Debt	108.69	1.06	1.07	100.13	-	-
Current Portion of Leases	-	48.63	30.46	26.62	11.39	-
Current Income Taxes Payable	5.82	1.43	4.46	6.26	3.34	0.6
Current Unearned Revenue	214.94	715.31	460.91	23.4	13.9	27.78
Other Current Liabilities	98.95	239.85	112.59	50.93	25.05	41.17
Total Current Liabilities	803.36	1,496	1,143	646.29	507.6	307.28
Long-Term Debt	85	52.5	53.5	-	50.07	-
Long-Term Leases	97.57	137.76	104.52	30.8	15.03	-
Long-Term Unearned Revenue	8.19	7.98	8.33	8.88	9.62	10.35
Long-Term Deferred Tax Liabilities	66.5	72.44	96.41	37.24	35.48	34.78
Other Long-Term Liabilities	12.4	12.4	14.17	15.78	16.12	10.44
Total Liabilities	1,073	1,779	1,420	738.98	633.91	362.85
Common Stock	496.19	496.19	498.34	498.34	498.34	498.34
Additional Paid-In Capital	831.45	835.69	846.02	858.39	875.58	875.58
Retained Earnings	-46.05	-68.92	224.43	278.88	353.77	346.49
Treasury Stock	-10.34	-10.34	-17.55	-21.1	-40.52	-40.52
Total Common Equity	1,271	1,253	1,551	1,615	1,687	1,680
Minority Interest	86.5	92.14	110.3	107.26	96.58	95.6
Shareholders' Equity	1,358	1,345	1,662	1,722	1,784	1,775
Total Liabilities & Equity	2,431	3,124	3,081	2,461	2,418	2,138
Total Debt	455.8	489.85	566.96	455.95	389.89	123.16
Net Cash (Debt)	-15.06	163.83	265.93	640.8	701.07	803.62
Net Cash Growth	-	-38.39%	-58.50%	-8.60%	-12.76%	9.41%
Net Cash Per Share	-0.03	0.33	0.54	1.30	1.42	1.63
Filing Date Shares Outstanding	492.55	493.68	493.58	492.54	493.19	493.19
Total Common Shares Outstanding	492.55	493.68	493.58	492.54	493.19	493.19
Working Capital	357.65	297.91	514.19	745.61	871.52	829.71
Book Value Per Share	2.58	2.54	3.14	3.28	3.42	3.41
Tangible Book Value	1,184	1,165	1,451	1,509	1,579	1,587
Tangible Book Value Per Share	2.40	2.36	2.94	3.06	3.20	3.22
Buildings	-	318.96	323.06	323.06	323.06	323.06
Machinery	-	926.58	832.12	607.25	648.05	666.63
Construction In Progress	-	0.54	3.38	1.65	0.25	0.39

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