Hangzhou Huaxing Chuangye Communication Technology Co., Ltd. (SHE:300025)

SHE:300025 Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	91.26	132	167.41	247.82	52.61	116.7
Trading Asset Securities	-	-	-	50	-	-
Cash & Short-Term Investments	91.26	132	167.41	297.82	52.61	116.7
Cash Growth	-4.64%	-21.15%	-43.79%	466.15%	-54.92%	-31.67%
Accounts Receivable	433.16	450.19	417.32	402.33	506.44	564.67
Other Receivables	6.13	5.26	16.73	23.06	17.45	36.15
Receivables	439.29	455.46	434.05	425.39	523.9	602.83
Inventory	50.96	48.5	47.69	32.09	46.38	54.98
Prepaid Expenses	-	-	-	-	1.84	-
Other Current Assets	9.38	9.4	9.21	0.93	1.25	0.92
Total Current Assets	590.89	645.36	658.37	756.23	625.97	775.43
Property, Plant & Equipment	128.71	139.51	137.08	24.21	24.48	25.21
Long-Term Investments	74.8	76.06	77.11	28.95	28.82	28.55
Goodwill	0.25	0.25	0.25	1.05	0.25	0.25
Other Intangible Assets	98.04	104.41	116.95	2.02	1.98	1.8
Long-Term Deferred Tax Assets	0.06	0.09	14.12	12.39	11.81	10.02
Long-Term Deferred Charges	2.56	4.53	2.26	1.93	0.06	0.15
Other Long-Term Assets	-	-	0.36	110.7	114.01	118.41
Total Assets	895.32	970.22	1,007	937.47	807.37	959.81
Accounts Payable	69.52	96.34	76.07	76.65	107.25	126.1
Accrued Expenses	48.31	59.03	55.82	53.7	58.88	60.04
Short-Term Debt	129.62	179.38	158.13	102.48	212.81	344.54
Current Portion of Leases	10.15	10.48	5.17	-	-	-
Current Income Taxes Payable	0.03	0.02	0.04	0.01	0.6	0.52
Current Unearned Revenue	16.47	13.02	10.56	9.64	15.24	16.52
Other Current Liabilities	65.91	22.92	23.16	21.44	102.89	85.97
Total Current Liabilities	340	381.18	328.96	263.91	497.68	633.7
Long-Term Leases	2.05	6.64	7.01	-	-	-
Long-Term Deferred Tax Liabilities	0.01	0.01	-	-	-	-
Other Long-Term Liabilities	-	-	-	-	9.59	1.74
Total Liabilities	342.06	387.84	335.98	263.91	507.27	635.44
Common Stock	508.79	508.79	508.79	503.65	428.53	428.53
Additional Paid-In Capital	311.78	311.79	322.3	302.78	32.01	32.01
Retained Earnings	-257.33	-231.02	-152.48	-126.99	-88.78	-64.1
Comprehensive Income & Other	-10.4	-9.14	-8.1	-6.25	-73.1	-73.23
Total Common Equity	552.84	580.42	670.52	673.18	298.65	323.2
Minority Interest	0.42	1.96	0.01	0.37	1.45	1.16
Shareholders' Equity	553.26	582.38	670.53	673.56	300.1	324.37
Total Liabilities & Equity	895.32	970.22	1,007	937.47	807.37	959.81
Total Debt	141.81	196.5	170.31	102.48	212.81	344.54
Net Cash (Debt)	-50.55	-64.5	-2.9	195.35	-160.2	-227.85
Net Cash Per Share	-0.10	-0.13	-0.01	0.42	-0.37	-0.53
Filing Date Shares Outstanding	508.79	508.79	508.79	503.65	428.53	428.53
Total Common Shares Outstanding	508.79	508.79	508.79	503.65	428.53	428.53
Working Capital	250.89	264.18	329.41	492.32	128.28	141.72
Book Value Per Share	1.09	1.14	1.32	1.34	0.70	0.75
Tangible Book Value	454.55	475.76	553.31	670.12	296.42	321.15
Tangible Book Value Per Share	0.89	0.94	1.09	1.33	0.69	0.75
Buildings	156.38	156.38	156.38	19.91	19.91	19.91
Machinery	54.42	60.6	25.39	25.15	23.87	23.13
Construction In Progress	0.08	-	0.25	0.36	-	-

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