Zhejiang Hengwei Battery 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	775.59	746.12	868.68	981.06	843.06	213.85
Trading Asset Securities	110	124.06	50	50	200	-
Cash & Short-Term Investments	885.59	870.18	918.68	1,031	1,043	213.85
Cash Growth	-4.67%	-5.28%	-10.90%	-1.15%	387.75%	33.48%
Accounts Receivable	169.93	188.74	153.78	90.3	80.68	73.21
Other Receivables	1.38	0.4	0.32	0.12	0.63	0
Receivables	171.3	189.14	154.1	90.42	81.31	73.21
Inventory	146.52	161.26	116.13	97.41	108.96	91.84
Other Current Assets	33.92	30.63	13.74	8.59	10.27	22.03
Total Current Assets	1,237	1,251	1,203	1,227	1,244	400.92
Property, Plant & Equipment	293.22	298.26	217.66	122.83	81.49	88.26
Other Intangible Assets	35.51	35.05	38.63	39.9	3.94	4.08
Long-Term Deferred Tax Assets	1.01	1.6	1.36	1.24	1.09	0.93
Long-Term Deferred Charges	4.58	4.95	2.13	2.64	0.54	1.07
Other Long-Term Assets	3.52	2.77	42.13	6.56	0.79	0.31
Total Assets	1,575	1,594	1,505	1,401	1,331	495.57
Accounts Payable	73.55	122.02	56.34	38.82	44.43	36.69
Accrued Expenses	5.75	19.07	19.17	17.53	12.87	11.11
Current Portion of Leases	0.42	0.43	0.34	0.49	0.3	0.42
Current Income Taxes Payable	7.31	2.85	6.79	5.49	6.12	2.61
Current Unearned Revenue	0.12	2.85	1.56	2.23	0.87	0.33
Other Current Liabilities	18.38	0.54	0.22	1.03	3.61	1.27
Total Current Liabilities	105.52	147.76	84.42	65.59	68.19	52.43
Long-Term Leases	0.29	0.29	-	0.34	-	0.32
Long-Term Unearned Revenue	0.57	0.74	1.49	2.33	3.17	2.47
Total Liabilities	106.38	148.79	85.91	68.25	71.36	55.21
Common Stock	100.24	100.24	101.33	101.33	101.33	76
Additional Paid-In Capital	868.8	868.8	892.76	892.76	892.76	161.95
Retained Earnings	514.56	488.73	435.42	336.01	265.03	203.1
Treasury Stock	-	-	-17.04	-	-	-
Comprehensive Income & Other	-14.82	-12.74	6.17	2.28	0.95	-0.68
Shareholders' Equity	1,469	1,445	1,419	1,332	1,260	440.36
Total Liabilities & Equity	1,575	1,594	1,505	1,401	1,331	495.57
Total Debt	0.71	0.72	0.34	0.83	0.3	0.73
Net Cash (Debt)	884.88	869.45	918.34	1,030	1,043	213.12
Net Cash Growth	-4.75%	-5.32%	-10.86%	-1.20%	389.28%	33.03%
Net Cash Per Share	8.81	8.65	9.14	10.16	10.96	2.80
Filing Date Shares Outstanding	100.24	100.24	100.24	101.33	101.33	76
Total Common Shares Outstanding	100.24	100.24	100.55	101.33	101.33	76
Working Capital	1,132	1,103	1,118	1,162	1,175	348.5
Book Value Per Share	14.65	14.42	14.11	13.15	12.43	5.79
Tangible Book Value	1,433	1,410	1,380	1,292	1,256	436.28
Tangible Book Value Per Share	14.30	14.07	13.72	12.75	12.40	5.74
Buildings	-	141.68	57.11	52.93	59.67	58.73
Machinery	-	256.18	127.7	114.48	11.06	111.11
Construction In Progress	-	2.84	136.44	49.3	2.82	2.2

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