Hongbo Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	244.7	473.42	653.68	832.89	1,097	1,041
Short-Term Investments	-	19.91	15.56	-	-	-
Trading Asset Securities	80	-	-	-	-	50
Cash & Short-Term Investments	324.7	493.33	669.24	832.89	1,097	1,091
Cash Growth	-26.33%	-26.28%	-19.65%	-24.06%	0.53%	17.71%
Accounts Receivable	282.12	280.83	190.6	228.25	173.34	173
Other Receivables	41.1	9.57	96.15	76.7	31.18	22.01
Receivables	323.22	290.4	286.75	304.94	204.52	195.01
Inventory	101.38	136.68	800.17	243.65	86.49	77.81
Prepaid Expenses	-	1.38	0.62	-	-	-
Other Current Assets	79.08	65.56	37.26	275.44	4.13	15.34
Total Current Assets	828.38	987.35	1,794	1,657	1,392	1,379
Property, Plant & Equipment	595.4	632.68	717	695.12	411.77	451.35
Long-Term Investments	272	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	41.77	42.67	44.28	46.4	48.37	50.37
Long-Term Deferred Tax Assets	98.97	96.03	94.61	111.37	37.04	37.75
Long-Term Deferred Charges	3.09	4.21	5.74	11.14	7.97	15.33
Other Long-Term Assets	22.18	19.49	11.21	48.66	54.24	16.93
Total Assets	1,894	2,157	3,124	3,081	2,461	2,418

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	111.33	180.38	205.82	119.43	94.17	101.72
Accrued Expenses	21.01	55.69	34.13	36.39	46.38	38.79
Short-Term Debt	213.64	262.86	249.91	377.41	298.4	313.41
Current Portion of Long-Term Debt	54.08	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	3.28	3.45	1.43	4.46	6.26	3.34
Current Unearned Revenue	16.44	13.4	715.31	460.91	23.4	13.9
Other Current Liabilities	91.94	122.61	239.85	112.59	50.93	25.05
Total Current Liabilities	511.72	750.09	1,496	1,143	646.29	507.6
Long-Term Debt	68	5	52.5	53.5	-	50.07
Long-Term Leases	80.83	112.65	137.76	104.52	30.8	15.03
Long-Term Unearned Revenue	7.91	8.1	7.98	8.33	8.88	9.62
Long-Term Deferred Tax Liabilities	52.55	60.91	72.44	96.41	37.24	35.48
Other Long-Term Liabilities	56.38	30.14	12.4	14.17	15.78	16.12
Total Liabilities	777.39	966.9	1,779	1,420	738.98	633.91

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	493.19	496.19	496.19	498.34	498.34	498.34
Additional Paid-In Capital	824.11	831.45	835.69	846.02	858.39	875.58
Retained Earnings	-288.72	-214.92	-68.92	224.43	278.88	353.77
Treasury Stock	-	-10.34	-10.34	-17.55	-21.1	-40.52
Total Common Equity	1,029	1,102	1,253	1,551	1,615	1,687
Minority Interest	88.26	87.67	92.14	110.3	107.26	96.58
Shareholders' Equity	1,117	1,190	1,345	1,662	1,722	1,784
Total Liabilities & Equity	1,894	2,157	3,124	3,081	2,461	2,418

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	416.55	492.2	489.85	566.96	455.95	389.89
Net Cash (Debt)	-91.85	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	-0.19	0.00	0.36	0.54	1.30	1.42
Filing Date Shares Outstanding	493.8	494.27	493.68	493.58	492.54	493.19
Total Common Shares Outstanding	493.8	494.27	493.68	493.58	492.54	493.19
Working Capital	316.66	237.27	297.91	514.19	745.61	871.52
Book Value Per Share	2.08	2.23	2.54	3.14	3.28	3.42
Tangible Book Value	954.36	1,027	1,165	1,451	1,509	1,579
Tangible Book Value Per Share	1.93	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