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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	98.85	224.03	141.66	75.58	81.82	321.3
Trading Asset Securities	80.38	40.28	80.3	205.94	239.33	182.6
Cash & Short-Term Investments	179.24	264.32	221.95	281.52	321.15	503.9
Cash Growth	-21.93%	19.09%	-21.16%	-12.34%	-36.27%	380.70%
Accounts Receivable	569.2	503.41	358.67	329.47	639.86	585.02
Other Receivables	15.81	15.07	6.89	13.06	51.84	57.05
Receivables	585.01	518.48	365.56	342.52	691.7	642.07
Inventory	4.26	4.16	3.5	3.8	189.07	201.37
Other Current Assets	44.55	28.58	6.91	9.5	22.38	28.38
Total Current Assets	813.06	815.54	597.93	637.34	1,224	1,376
Property, Plant & Equipment	298.75	285.12	191.67	202.59	288.85	327.06
Long-Term Investments	136.15	136.15	290.11	295.44	119.49	119.61
Goodwill	-	-	-	-	-	13.57
Other Intangible Assets	33.8	34.17	35.75	33.78	42.83	43.87
Long-Term Deferred Tax Assets	0.71	0.72	0.53	0.62	38.7	38.96
Long-Term Deferred Charges	0.33	0.38	0.56	1.39	2.36	3.92
Total Assets	1,283	1,272	1,117	1,171	1,717	1,923
Accounts Payable	196.39	228.12	90.54	103.97	367.28	323.29
Accrued Expenses	5.03	5.3	6.9	5.59	16.3	19.28
Short-Term Debt	136.6	90.51	24.07	79.49	79.34	169.35
Current Portion of Long-Term Debt	2.27	2.43	-	-	14.51	33.11
Current Portion of Leases	-	-	3	0.77	3.88	8.31
Current Income Taxes Payable	6.35	9.49	6.06	6.59	5.95	6.44
Current Unearned Revenue	26.25	18.3	40.86	47.17	184.78	194.12
Other Current Liabilities	30.5	30.03	22.05	27.03	122.88	100.25
Total Current Liabilities	403.41	384.18	193.48	270.61	794.91	854.16
Long-Term Debt	-	-	-	-	40.18	73.44
Long-Term Leases	6.01	6.3	3.49	0.42	0.52	6.54
Long-Term Unearned Revenue	-	-	-	-	6.86	-
Long-Term Deferred Tax Liabilities	0.42	0.42	0	0	-	-
Other Long-Term Liabilities	2.75	2.75	6.52	3.9	7.12	3.98
Total Liabilities	412.59	393.66	203.5	274.93	849.58	938.12
Common Stock	562.01	562.01	562.01	562.45	562.86	562.01
Additional Paid-In Capital	1,016	1,016	1,016	1,017	1,016	1,013
Retained Earnings	-701.63	-694.78	-658.65	-675.79	-774.57	-706.82
Treasury Stock	-	-	-	-1.6	-3.08	-
Comprehensive Income & Other	1.2	1.97	-	-	-	-
Total Common Equity	877.09	884.7	918.87	901.73	801.47	867.78
Minority Interest	-6.88	-6.29	-5.82	-5.51	65.47	116.81
Shareholders' Equity	870.21	878.42	913.05	896.22	866.94	984.58
Total Liabilities & Equity	1,283	1,272	1,117	1,171	1,717	1,923
Total Debt	144.88	99.24	30.56	80.68	138.42	290.75
Net Cash (Debt)	34.36	165.07	191.4	200.83	182.73	213.15
Net Cash Growth	-81.46%	-13.75%	-4.70%	9.91%	-14.27%	-
Net Cash Per Share	0.06	0.27	0.33	0.37	0.32	0.40
Filing Date Shares Outstanding	561.5	722.08	562.01	562.01	562.01	562.01
Total Common Shares Outstanding	561.5	722.08	562.01	562.01	562.01	562.01
Working Capital	409.65	431.35	404.44	366.72	429.39	521.55
Book Value Per Share	1.56	1.23	1.63	1.60	1.43	1.54
Tangible Book Value	843.29	850.53	883.12	867.95	758.64	810.33
Tangible Book Value Per Share	1.50	1.18	1.57	1.54	1.35	1.44
Buildings	-	-	272.2	272.2	339.4	336.43
Machinery	-	-	54.98	58.05	94.09	197.42
Construction In Progress	-	-	0.26	0.26	0.44	2.71

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