HNAC Technology 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	329.3	476.32	440.99	657.11	469.69	521.71
Trading Asset Securities	4.68	4.28	5	5	8.07	-
Cash & Short-Term Investments	333.98	480.6	445.99	662.11	477.76	521.71
Cash Growth	-30.36%	7.76%	-32.64%	38.59%	-8.43%	38.00%
Accounts Receivable	2,015	1,586	1,577	2,087	1,875	1,874
Other Receivables	105.72	69.95	75.39	64.17	70.4	69.03
Receivables	2,120	1,656	1,652	2,152	1,945	1,943
Inventory	1,933	1,925	1,348	1,442	940.2	488.85
Prepaid Expenses	-	-	2.83	2.31	1.28	0.53
Other Current Assets	529.89	480.49	490.34	235.67	384.22	165.95
Total Current Assets	4,917	4,543	3,939	4,494	3,749	3,120
Property, Plant & Equipment	1,292	1,314	1,423	1,639	1,104	841.06
Long-Term Investments	152.98	152.09	131.84	121.1	103.93	90.64
Goodwill	289.61	289.61	334.38	404	404	646.73
Other Intangible Assets	91.97	92.59	94.13	97.03	101.12	97.28
Long-Term Deferred Tax Assets	141.32	167.79	141.65	142.03	132	82.89
Long-Term Deferred Charges	2.32	2.8	2.4	2.9	0.96	1.75
Other Long-Term Assets	138.28	167.07	184.89	119.96	60.67	223.01
Total Assets	7,026	6,729	6,252	7,020	5,656	5,103
Accounts Payable	1,804	1,891	1,433	1,750	1,353	1,332
Accrued Expenses	7.23	20.71	112.73	136.75	123.47	99.78
Short-Term Debt	730.32	737.54	984.62	546.72	915.73	469.02
Current Portion of Long-Term Debt	133.62	143.82	46.32	120.94	14.2	10.12
Current Portion of Leases	-	-	26.63	19.78	11.72	5.47
Current Income Taxes Payable	5.16	19.99	0.63	1.63	4.95	7.94
Current Unearned Revenue	1,471	1,172	843.37	1,198	582.83	172.46
Other Current Liabilities	329.05	276.53	43.66	37.54	84.43	86.08
Total Current Liabilities	4,480	4,262	3,491	3,811	3,090	2,183
Long-Term Debt	183.77	200.65	200.86	215.83	252.02	160.16
Long-Term Leases	71.85	69.67	90.76	99.04	100.89	104.08
Long-Term Unearned Revenue	31.73	33.12	33.64	18.57	18.16	18.49
Long-Term Deferred Tax Liabilities	16.29	16.88	21.41	23.91	26.14	28.63
Other Long-Term Liabilities	41.26	21.52	17.56	18.25	9.48	12.5
Total Liabilities	4,825	4,603	3,855	4,187	3,497	2,506
Common Stock	398.67	398.67	398.67	396.21	329.7	327.82
Additional Paid-In Capital	2,647	2,647	2,642	2,629	1,757	1,773
Retained Earnings	-748.03	-834.09	-579.95	-186.67	-6.85	431.88
Treasury Stock	-73	-73	-73	-63.46	-2.55	-3.65
Comprehensive Income & Other	1.13	1.13	-1.58	-2.13	-1.65	0.44
Total Common Equity	2,226	2,140	2,387	2,773	2,076	2,529
Minority Interest	-25.42	-14.75	10.13	60.53	82.94	67.35
Shareholders' Equity	2,200	2,125	2,397	2,833	2,159	2,597
Total Liabilities & Equity	7,026	6,729	6,252	7,020	5,656	5,103
Total Debt	1,120	1,152	1,349	1,002	1,295	748.85
Net Cash (Debt)	-785.58	-671.08	-903.21	-340.2	-816.79	-227.14
Net Cash Per Share	-2.01	-1.72	-2.32	-0.89	-2.49	-0.81
Filing Date Shares Outstanding	395.32	361.92	392.12	391.41	329.7	327.82
Total Common Shares Outstanding	395.32	361.92	392.12	391.41	329.7	327.82
Working Capital	436.41	281.12	448.38	682.83	658.56	937.18
Book Value Per Share	5.63	5.91	6.09	7.08	6.30	7.72
Tangible Book Value	1,844	1,758	1,958	2,271	1,571	1,785
Tangible Book Value Per Share	4.67	4.86	4.99	5.80	4.76	5.45
Buildings	-	-	953.41	1,019	968.94	563.38
Machinery	-	-	799.65	462.05	202.04	187.23
Construction In Progress	-	-	8.33	357	39.88	154.65

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