Zhejiang Hengwei Battery Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	746.12	868.68	981.06	843.06	213.85
Trading Asset Securities	124.06	50	50	200	-
Cash & Short-Term Investments	870.18	918.68	1,031	1,043	213.85
Cash Growth	-5.28%	-10.90%	-1.15%	387.75%	33.48%
Accounts Receivable	188.74	153.78	90.3	80.68	73.21
Other Receivables	0.4	0.32	0.12	0.63	0
Receivables	189.14	154.1	90.42	81.31	73.21
Inventory	161.26	116.13	97.41	108.96	91.84
Other Current Assets	30.63	13.74	8.59	10.27	22.03
Total Current Assets	1,251	1,203	1,227	1,244	400.92
Property, Plant & Equipment	298.26	217.66	122.83	81.49	88.26
Other Intangible Assets	35.05	38.63	39.9	3.94	4.08
Long-Term Deferred Tax Assets	1.6	1.36	1.24	1.09	0.93
Long-Term Deferred Charges	4.95	2.13	2.64	0.54	1.07
Other Long-Term Assets	2.77	42.13	6.56	0.79	0.31
Total Assets	1,594	1,505	1,401	1,331	495.57
Accounts Payable	122.02	56.34	38.82	44.43	36.69
Accrued Expenses	12.32	19.17	17.53	12.87	11.11
Current Portion of Long-Term Debt	0.43	-	-	-	-
Current Portion of Leases	-	0.34	0.49	0.3	0.42
Current Income Taxes Payable	6.37	6.79	5.49	6.12	2.61
Current Unearned Revenue	2.85	1.56	2.23	0.87	0.33
Other Current Liabilities	3.77	0.22	1.03	3.61	1.27
Total Current Liabilities	147.76	84.42	65.59	68.19	52.43
Long-Term Leases	0.29	-	0.34	-	0.32
Long-Term Unearned Revenue	0.74	1.49	2.33	3.17	2.47
Total Liabilities	148.79	85.91	68.25	71.36	55.21
Common Stock	100.24	101.33	101.33	101.33	76
Additional Paid-In Capital	868.8	892.76	892.76	892.76	161.95
Retained Earnings	488.73	435.42	336.01	265.03	203.1
Treasury Stock	-	-17.04	-	-	-
Comprehensive Income & Other	-12.74	6.17	2.28	0.95	-0.68
Shareholders' Equity	1,445	1,419	1,332	1,260	440.36
Total Liabilities & Equity	1,594	1,505	1,401	1,331	495.57
Total Debt	0.72	0.34	0.83	0.3	0.73
Net Cash (Debt)	869.45	918.34	1,030	1,043	213.12
Net Cash Growth	-5.32%	-10.86%	-1.20%	389.28%	33.03%
Net Cash Per Share	8.65	9.14	10.16	10.96	2.80
Filing Date Shares Outstanding	101.11	100.24	101.33	101.33	76
Total Common Shares Outstanding	101.11	100.55	101.33	101.33	76
Working Capital	1,103	1,118	1,162	1,175	348.5
Book Value Per Share	14.29	14.11	13.15	12.43	5.79
Tangible Book Value	1,410	1,380	1,292	1,256	436.28
Tangible Book Value Per Share	13.95	13.72	12.75	12.40	5.74
Buildings	-	57.11	52.93	59.67	58.73
Machinery	-	127.7	114.48	11.06	111.11
Construction In Progress	-	136.44	49.3	2.82	2.2

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.