Hongbo Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-	653.68	832.89	1,097	1,041
Trading Asset Securities	-	-	-	-	50
Cash & Short-Term Investments	440.75	653.68	832.89	1,097	1,091
Cash Growth	-32.57%	-21.52%	-24.06%	0.53%	17.71%
Accounts Receivable	-	190.6	228.25	173.34	173
Other Receivables	-	111.71	76.7	31.18	22.01
Receivables	-	302.31	304.94	204.52	195.01
Inventory	-	800.17	243.65	86.49	77.81
Prepaid Expenses	-	0.62	-	-	-
Other Current Assets	-	37.26	275.44	4.13	15.34
Total Current Assets	-	1,794	1,657	1,392	1,379
Property, Plant & Equipment	-	717	695.12	411.77	451.35
Long-Term Investments	-	413.28	457.78	451.83	409.18
Goodwill	-	43.81	53.81	57.63	57.63
Other Intangible Assets	-	44.28	46.4	48.37	50.37
Long-Term Deferred Tax Assets	-	94.61	111.37	37.04	37.75
Long-Term Deferred Charges	-	5.74	11.14	7.97	15.33
Other Long-Term Assets	-	11.21	48.66	54.24	16.93
Total Assets	-	3,124	3,081	2,461	2,418
Accounts Payable	-	205.82	119.43	94.17	101.72
Accrued Expenses	-	34.13	36.39	46.38	38.79
Short-Term Debt	-	249.91	377.41	298.4	313.41
Current Portion of Long-Term Debt	-	1.06	1.07	100.13	-
Current Portion of Leases	-	48.63	30.46	26.62	11.39
Current Income Taxes Payable	-	1.43	4.46	6.26	3.34
Current Unearned Revenue	-	715.31	460.91	23.4	13.9
Other Current Liabilities	-	239.85	112.59	50.93	25.05
Total Current Liabilities	-	1,496	1,143	646.29	507.6
Long-Term Debt	-	52.5	53.5	-	50.07
Long-Term Leases	-	137.76	104.52	30.8	15.03
Long-Term Unearned Revenue	-	7.98	8.33	8.88	9.62
Long-Term Deferred Tax Liabilities	-	72.44	96.41	37.24	35.48
Other Long-Term Liabilities	-	12.4	14.17	15.78	16.12
Total Liabilities	-	1,779	1,420	738.98	633.91
Common Stock	-	496.19	498.34	498.34	498.34
Additional Paid-In Capital	-	835.69	846.02	858.39	875.58
Retained Earnings	-	-68.92	224.43	278.88	353.77
Treasury Stock	-	-10.34	-17.55	-21.1	-40.52
Total Common Equity	1,271	1,253	1,551	1,615	1,687
Minority Interest	-	92.14	110.3	107.26	96.58
Shareholders' Equity	1,358	1,345	1,662	1,722	1,784
Total Liabilities & Equity	-	3,124	3,081	2,461	2,418
Total Debt	455.8	489.85	566.96	455.95	389.89
Net Cash (Debt)	-15.06	163.83	265.93	640.8	701.07
Net Cash Growth	-	-38.39%	-58.50%	-8.60%	-12.76%
Net Cash Per Share	-0.03	0.33	0.54	1.30	1.42
Filing Date Shares Outstanding	494.27	493.68	493.58	492.54	493.19
Total Common Shares Outstanding	494.27	493.68	493.58	492.54	493.19
Working Capital	-	297.91	514.19	745.61	871.52
Book Value Per Share	2.58	2.54	3.14	3.28	3.42
Tangible Book Value	1,184	1,165	1,451	1,509	1,579
Tangible Book Value Per Share	2.40	2.36	2.94	3.06	3.20
Buildings	-	318.96	323.06	323.06	323.06
Machinery	-	926.58	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.