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	Jun '26 Jun 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	327.27	473.42	653.68	832.89	1,097	1,041
Short-Term Investments	-	19.91	15.56	-	-	-
Trading Asset Securities	90	-	-	-	-	50
Cash & Short-Term Investments	417.27	493.33	669.24	832.89	1,097	1,091
Cash Growth	-21.43%	-26.28%	-19.65%	-24.06%	0.53%	17.71%
Accounts Receivable	220.53	280.83	190.6	228.25	173.34	173
Other Receivables	29.46	9.57	96.15	76.7	31.18	22.01
Receivables	249.99	290.4	286.75	304.94	204.52	195.01
Inventory	100.05	136.68	800.17	243.65	86.49	77.81
Prepaid Expenses	-	1.38	0.62	-	-	-
Other Current Assets	54.75	65.56	37.26	275.44	4.13	15.34
Total Current Assets	822.06	987.35	1,794	1,657	1,392	1,379
Property, Plant & Equipment	606.71	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	42.07	42.67	44.28	46.4	48.37	50.37
Long-Term Deferred Tax Assets	98.68	96.03	94.61	111.37	37.04	37.75
Long-Term Deferred Charges	3.4	4.21	5.74	11.14	7.97	15.33
Other Long-Term Assets	22.45	19.49	11.21	48.66	54.24	16.93
Total Assets	1,900	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	Jun '26 Jun 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	108.03	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	225.65	262.86	249.91	377.41	298.4	313.41
Current Portion of Long-Term Debt	59.6	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	3.87	3.45	1.43	4.46	6.26	3.34
Current Unearned Revenue	17.17	13.4	715.31	460.91	23.4	13.9
Other Current Liabilities	88.32	122.61	239.85	112.59	50.93	25.05
Total Current Liabilities	523.65	750.09	1,496	1,143	646.29	507.6
Long-Term Debt	25.5	5	52.5	53.5	-	50.07
Long-Term Leases	85.68	112.65	137.76	104.52	30.8	15.03
Long-Term Unearned Revenue	7.97	8.1	7.98	8.33	8.88	9.62
Long-Term Deferred Tax Liabilities	53.24	60.91	72.44	96.41	37.24	35.48
Other Long-Term Liabilities	59.79	30.14	12.4	14.17	15.78	16.12
Total Liabilities	755.82	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	Jun '26 Jun 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	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	-266.4	-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	1,051	1,102	1,253	1,551	1,615	1,687
Minority Interest	93.09	87.67	92.14	110.3	107.26	96.58
Shareholders' Equity	1,144	1,190	1,345	1,662	1,722	1,784
Total Liabilities & Equity	1,900	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	Jun '26 Jun 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	396.43	492.2	489.85	566.96	455.95	389.89
Net Cash (Debt)	20.84	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	0.04	0.00	0.36	0.54	1.30	1.42
Filing Date Shares Outstanding	493.3	494.27	493.68	493.58	492.54	493.19
Total Common Shares Outstanding	493.3	494.27	493.68	493.58	492.54	493.19
Working Capital	298.41	237.27	297.91	514.19	745.61	871.52
Book Value Per Share	2.13	2.23	2.54	3.14	3.28	3.42
Tangible Book Value	976.39	1,027	1,165	1,451	1,509	1,579
Tangible Book Value Per Share	1.98	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