Shenzhen Zhongheng Huafa 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	147.76	203.17	110.03	74.92	34.43	30.28
Cash & Short-Term Investments	147.76	203.17	110.03	74.92	34.43	30.28
Cash Growth	4.32%	84.65%	46.87%	117.62%	13.69%	-20.51%
Accounts Receivable	238.99	144.8	117.28	175.43	235.1	158.36
Other Receivables	2.25	1.31	2.67	3.3	1.21	0.66
Receivables	241.24	146.31	120.07	178.83	237.79	161.15
Inventory	70.7	58.66	68.82	66.45	90.59	70.17
Restricted Cash	-	-	-	-	-	30.69
Other Current Assets	48.6	21.55	28.33	25.14	13.56	45.58
Total Current Assets	508.3	429.7	327.25	345.33	376.36	337.86
Property, Plant & Equipment	161.32	70.97	64.01	76.88	95.98	101.49
Other Intangible Assets	32.83	34.12	35.75	37.46	39.17	40.82
Long-Term Deferred Tax Assets	9.73	9.78	7.74	8.17	7.68	7.38
Long-Term Deferred Charges	0.23	0.31	0.27	1.25	1.69	0.08
Other Long-Term Assets	40.82	135.31	135.52	139.73	139.05	140.15
Total Assets	753.23	680.19	570.54	608.82	659.93	627.78
Accounts Payable	236.16	203.18	133.6	126.93	110.08	135.73
Accrued Expenses	4.96	20.12	17.51	19.83	19.17	18.96
Short-Term Debt	-	-	-	-	26.48	12.53
Current Portion of Long-Term Debt	-	-	-	-	61	12
Current Portion of Leases	-	-	-	0.09	0.1	-
Current Income Taxes Payable	12.29	7.04	6.2	7.02	7.39	6.56
Current Unearned Revenue	-	-	0	0.01	0.74	0.29
Other Current Liabilities	69.46	40.41	41.16	48.38	87.04	40.36
Total Current Liabilities	322.87	270.74	198.47	202.25	312	226.42
Long-Term Debt	-	-	-	49.1	-	61
Long-Term Leases	-	-	-	-	0.12	-
Long-Term Unearned Revenue	1.77	2.13	2.61	3.09	3.57	4.04
Other Long-Term Liabilities	3.66	3.66	2.55	0.8	0.8	0.06
Total Liabilities	328.31	276.53	203.62	255.25	316.48	291.53
Common Stock	283.16	283.16	283.16	283.16	283.16	283.16
Additional Paid-In Capital	146.58	96.5	96.5	96.5	96.5	96.5
Retained Earnings	-4.81	-26.08	-62.82	-76.16	-86.29	-93.49
Comprehensive Income & Other	-	50.08	50.08	50.08	50.08	50.08
Shareholders' Equity	424.93	403.66	366.92	353.58	343.45	336.25
Total Liabilities & Equity	753.23	680.19	570.54	608.82	659.93	627.78
Total Debt	-	-	-	49.19	87.7	85.53
Net Cash (Debt)	147.76	203.17	110.03	25.73	-53.27	-55.25
Net Cash Growth	4.32%	84.65%	327.69%	-	-	-
Net Cash Per Share	0.52	0.72	0.39	0.09	-0.19	-0.19
Filing Date Shares Outstanding	283.16	283.16	283.16	283.16	283.16	283.16
Total Common Shares Outstanding	283.16	283.16	283.16	283.16	283.16	283.16
Working Capital	185.43	158.96	128.78	143.08	64.36	111.44
Book Value Per Share	1.50	1.43	1.30	1.25	1.21	1.19
Tangible Book Value	392.09	369.54	331.17	316.12	304.28	295.43
Tangible Book Value Per Share	1.38	1.31	1.17	1.12	1.07	1.04
Buildings	-	78.13	66.42	72.06	72.06	73.2
Machinery	-	43.2	54.46	100.06	148.38	143.38
Construction In Progress	-	-	-	0.74	0.74	0.74

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