HPF Co.,Ltd 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	80.58	141.66	75.58	81.82	321.3	92.44
Trading Asset Securities	90.14	80.3	205.94	239.33	182.6	12.39
Cash & Short-Term Investments	170.71	221.95	281.52	321.15	503.9	104.82
Cash Growth	-31.55%	-21.16%	-12.34%	-36.27%	380.70%	-23.40%
Accounts Receivable	559.98	358.67	329.47	639.86	585.02	661.91
Other Receivables	12.96	6.89	13.06	51.84	57.05	34.37
Receivables	572.94	365.56	342.52	691.7	642.07	696.28
Inventory	2.47	3.5	3.8	189.07	201.37	284.27
Other Current Assets	54.71	6.91	9.5	22.38	28.38	25.02
Total Current Assets	800.83	597.93	637.34	1,224	1,376	1,110
Property, Plant & Equipment	206.66	191.67	202.59	288.85	327.06	273.75
Long-Term Investments	312.57	290.11	295.44	119.49	119.61	18.89
Goodwill	-	-	-	-	13.57	13.57
Other Intangible Assets	34.29	35.75	33.78	42.83	43.87	43.32
Long-Term Deferred Tax Assets	0.56	0.53	0.62	38.7	38.96	32.09
Long-Term Deferred Charges	0.44	0.56	1.39	2.36	3.92	1.22
Other Long-Term Assets	-	-	-	-	-	1.87
Total Assets	1,355	1,117	1,171	1,717	1,923	1,495
Accounts Payable	171.81	90.54	103.97	367.28	323.29	365.02
Accrued Expenses	3.44	6.9	5.59	16.3	19.28	27.44
Short-Term Debt	92.03	24.07	79.49	79.34	169.35	156.41
Current Portion of Long-Term Debt	-	-	-	14.51	33.11	-
Current Portion of Leases	2.03	3	0.77	3.88	8.31	-
Current Income Taxes Payable	7.26	6.06	6.59	5.95	6.44	5.48
Current Unearned Revenue	62.46	40.86	47.17	184.78	194.12	222.38
Other Current Liabilities	88.73	22.05	27.03	122.88	100.25	123.25
Total Current Liabilities	427.75	193.48	270.61	794.91	854.16	899.99
Long-Term Debt	-	-	-	40.18	73.44	37.5
Long-Term Leases	6.77	3.49	0.42	0.52	6.54	-
Long-Term Unearned Revenue	-	-	-	6.86	-	-
Long-Term Deferred Tax Liabilities	0.01	0	0	-	-	0.37
Other Long-Term Liabilities	3.01	6.52	3.9	7.12	3.98	-
Total Liabilities	437.54	203.5	274.93	849.58	938.12	937.86
Common Stock	562.01	562.01	562.45	562.86	562.01	476.72
Additional Paid-In Capital	1,016	1,016	1,017	1,016	1,013	710.53
Retained Earnings	-653.61	-658.65	-675.79	-774.57	-706.82	-755.63
Treasury Stock	-	-	-1.6	-3.08	-	-
Total Common Equity	923.91	918.87	901.73	801.47	867.78	431.63
Minority Interest	-6.11	-5.82	-5.51	65.47	116.81	125.62
Shareholders' Equity	917.8	913.05	896.22	866.94	984.58	557.25
Total Liabilities & Equity	1,355	1,117	1,171	1,717	1,923	1,495
Total Debt	100.83	30.56	80.68	138.42	290.75	193.91
Net Cash (Debt)	69.88	191.4	200.83	182.73	213.15	-89.08
Net Cash Growth	-67.72%	-4.70%	9.91%	-14.27%	-	-
Net Cash Per Share	0.12	0.33	0.37	0.32	0.40	-0.19
Filing Date Shares Outstanding	562.01	562.01	562.01	562.01	562.01	476.72
Total Common Shares Outstanding	562.01	562.01	562.01	562.01	562.01	476.72
Working Capital	373.08	404.44	366.72	429.39	521.55	210.41
Book Value Per Share	1.64	1.63	1.60	1.43	1.54	0.91
Tangible Book Value	889.62	883.12	867.95	758.64	810.33	374.74
Tangible Book Value Per Share	1.58	1.57	1.54	1.35	1.44	0.79
Buildings	-	272.2	272.2	339.4	336.43	266.05
Machinery	-	54.98	58.05	94.09	197.42	311.74
Construction In Progress	-	0.26	0.26	0.44	2.71	0.72

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