Hongli Zhihui Group 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	1,033	930.72	777.95	548.52	402.21	221.06
Trading Asset Securities	0.07	10.05	0.06	0.08	0.12	-
Cash & Short-Term Investments	1,034	940.77	778	548.61	402.34	221.06
Cash Growth	24.79%	20.92%	41.82%	36.35%	82.01%	-36.05%
Accounts Receivable	1,538	1,609	1,446	1,172	1,099	1,093
Other Receivables	97.17	135.07	135.54	163.7	184.99	84.49
Receivables	1,635	1,745	1,582	1,336	1,284	1,177
Inventory	704.17	725.6	577.84	505.59	612.17	480.06
Other Current Assets	99.82	73.27	55.08	60	114.23	102.47
Total Current Assets	3,473	3,484	2,993	2,450	2,412	1,981
Property, Plant & Equipment	1,871	1,839	1,838	1,831	1,523	1,338
Long-Term Investments	180.14	93.89	120.09	169.24	182.2	163.76
Goodwill	15.94	15.94	15.94	15.94	15.94	15.94
Other Intangible Assets	122.18	119.17	130.15	147.36	145.21	94.47
Long-Term Accounts Receivable	-	25.53	33.07	36.89	6.27	13.35
Long-Term Deferred Tax Assets	63.58	57.62	78.65	82.36	84.05	38.92
Long-Term Deferred Charges	138.84	105.95	48.51	37.57	53.3	52.18
Other Long-Term Assets	148.48	180.12	97.87	102.19	64.54	69.75
Total Assets	6,012	5,922	5,356	4,872	4,487	3,767
Accounts Payable	2,118	2,099	1,401	1,060	1,324	1,116
Accrued Expenses	70.4	120.48	156.57	132.13	107.31	145.33
Short-Term Debt	430.23	384.31	250.3	240.23	401.97	332.16
Current Portion of Long-Term Debt	106.18	240.91	128.87	114.08	0.19	-
Current Portion of Leases	-	4.09	3.09	3.13	3.27	-
Current Income Taxes Payable	21.99	4.16	14.28	11.07	4.89	4.46
Current Unearned Revenue	33.52	29.58	17.09	19.3	49.37	20.07
Other Current Liabilities	47.52	71.71	104.57	163.64	162	156.15
Total Current Liabilities	2,828	2,954	2,076	1,744	2,053	1,775
Long-Term Debt	384.3	234.17	542.59	629.17	144.58	-
Long-Term Leases	7.51	10.3	9.87	4.45	4.41	-
Long-Term Unearned Revenue	113.59	108.65	88.98	59.61	41.67	27.45
Long-Term Deferred Tax Liabilities	16.22	18.73	52.73	54.51	55.82	45.79
Other Long-Term Liabilities	11.69	9.75	6.24	14.12	5.91	3.86
Total Liabilities	3,361	3,336	2,777	2,506	2,305	1,852
Common Stock	707.94	707.94	707.94	707.94	707.94	707.94
Additional Paid-In Capital	1,171	1,173	1,177	1,179	1,179	1,179
Retained Earnings	759.74	692.81	682.4	470.23	291.51	25.86
Comprehensive Income & Other	9.15	9.56	9.01	8.24	4.51	5.05
Total Common Equity	2,648	2,583	2,577	2,366	2,183	1,918
Minority Interest	3.01	2.78	2.37	1.03	-1.23	-2.66
Shareholders' Equity	2,651	2,586	2,579	2,367	2,182	1,915
Total Liabilities & Equity	6,012	5,922	5,356	4,872	4,487	3,767
Total Debt	928.21	873.78	934.72	991.05	554.41	332.16
Net Cash (Debt)	105.34	66.99	-156.71	-442.45	-152.08	-111.11
Net Cash Per Share	0.14	0.09	-0.22	-0.62	-0.22	-0.16
Filing Date Shares Outstanding	707.94	707.94	707.94	707.94	707.94	707.94
Total Common Shares Outstanding	707.94	707.94	707.94	707.94	707.94	707.94
Working Capital	644.56	529.93	916.73	706.01	359.43	206.46
Book Value Per Share	3.74	3.65	3.64	3.34	3.08	2.71
Tangible Book Value	2,510	2,448	2,431	2,202	2,022	1,808
Tangible Book Value Per Share	3.55	3.46	3.43	3.11	2.86	2.55
Buildings	-	1,023	1,034	651.2	541.4	524.59
Machinery	-	1,947	1,804	1,653	1,480	1,469
Construction In Progress	-	55.11	59.69	440.48	286.5	45.97

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.