Hongbo 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	322.64	473.42	653.68	832.89	1,097	1,041
Short-Term Investments	-	19.91	15.56	-	-	-
Trading Asset Securities	100	-	-	-	-	50
Cash & Short-Term Investments	422.64	493.33	669.24	832.89	1,097	1,091
Cash Growth	-34.75%	-26.28%	-19.65%	-24.06%	0.53%	17.71%
Accounts Receivable	307.99	280.83	190.6	228.25	173.34	173
Other Receivables	29.74	9.57	96.15	76.7	31.18	22.01
Receivables	337.73	290.4	286.75	304.94	204.52	195.01
Inventory	100.93	136.68	800.17	243.65	86.49	77.81
Prepaid Expenses	-	1.38	0.62	-	-	-
Other Current Assets	29.57	65.56	37.26	275.44	4.13	15.34
Total Current Assets	890.86	987.35	1,794	1,657	1,392	1,379
Property, Plant & Equipment	619.66	632.68	717	695.12	411.77	451.35
Long-Term Investments	312.29	342.07	413.28	457.78	451.83	409.18
Goodwill	32.44	32.44	43.81	53.81	57.63	57.63
Other Intangible Assets	42.37	42.67	44.28	46.4	48.37	50.37
Long-Term Deferred Tax Assets	94.81	96.03	94.61	111.37	37.04	37.75
Long-Term Deferred Charges	3.8	4.21	5.74	11.14	7.97	15.33
Other Long-Term Assets	22.72	19.49	11.21	48.66	54.24	16.93
Total Assets	2,019	2,157	3,124	3,081	2,461	2,418
Accounts Payable	157.32	180.38	205.82	119.43	94.17	101.72
Accrued Expenses	23.55	55.69	34.13	36.39	46.38	38.79
Short-Term Debt	273.29	262.86	249.91	377.41	298.4	313.41
Current Portion of Long-Term Debt	59.15	62.59	1.06	1.07	100.13	-
Current Portion of Leases	-	49.1	48.63	30.46	26.62	11.39
Current Income Taxes Payable	6.35	3.45	1.43	4.46	6.26	3.34
Current Unearned Revenue	15.24	13.4	715.31	460.91	23.4	13.9
Other Current Liabilities	108.88	122.61	239.85	112.59	50.93	25.05
Total Current Liabilities	643.79	750.09	1,496	1,143	646.29	507.6
Long-Term Debt	-	5	52.5	53.5	-	50.07
Long-Term Leases	120.03	112.65	137.76	104.52	30.8	15.03
Long-Term Unearned Revenue	8.03	8.1	7.98	8.33	8.88	9.62
Long-Term Deferred Tax Liabilities	57.56	60.91	72.44	96.41	37.24	35.48
Other Long-Term Liabilities	30.04	30.14	12.4	14.17	15.78	16.12
Total Liabilities	859.44	966.9	1,779	1,420	738.98	633.91
Common Stock	496.19	496.19	496.19	498.34	498.34	498.34
Additional Paid-In Capital	831.45	831.45	835.69	846.02	858.39	875.58
Retained Earnings	-246.61	-214.92	-68.92	224.43	278.88	353.77
Treasury Stock	-10.34	-10.34	-10.34	-17.55	-21.1	-40.52
Total Common Equity	1,071	1,102	1,253	1,551	1,615	1,687
Minority Interest	88.84	87.67	92.14	110.3	107.26	96.58
Shareholders' Equity	1,160	1,190	1,345	1,662	1,722	1,784
Total Liabilities & Equity	2,019	2,157	3,124	3,081	2,461	2,418
Total Debt	452.48	492.2	489.85	566.96	455.95	389.89
Net Cash (Debt)	-29.84	1.13	179.39	265.93	640.8	701.07
Net Cash Growth	-	-99.37%	-32.54%	-58.50%	-8.60%	-12.76%
Net Cash Per Share	-0.06	0.00	0.36	0.54	1.30	1.42
Filing Date Shares Outstanding	492.94	494.27	493.68	493.58	492.54	493.19
Total Common Shares Outstanding	492.94	494.27	493.68	493.58	492.54	493.19
Working Capital	247.07	237.27	297.91	514.19	745.61	871.52
Book Value Per Share	2.17	2.23	2.54	3.14	3.28	3.42
Tangible Book Value	995.87	1,027	1,165	1,451	1,509	1,579
Tangible Book Value Per Share	2.02	2.08	2.36	2.94	3.06	3.20
Buildings	-	318.93	318.87	323.06	323.06	323.06
Machinery	-	864.81	926.67	832.12	607.25	648.05
Construction In Progress	-	-	0.54	3.38	1.65	0.25

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