Hengbo Holdings 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	338.13	132.92	600.19	38.73	34.78	56.62
Trading Asset Securities	88.07	494.52	288.22	-	0.07	35
Cash & Short-Term Investments	426.2	627.44	888.41	38.73	34.85	91.62
Cash Growth	-35.53%	-29.38%	2193.88%	11.13%	-61.96%	232.11%
Accounts Receivable	455.23	337.61	292.15	268.3	249.16	189.49
Other Receivables	1.96	1.77	1.52	1.55	0	-
Receivables	457.19	339.38	293.67	269.85	249.16	189.49
Inventory	231.73	195.57	153.57	148.55	125.19	101.37
Other Current Assets	49.99	29.85	23.19	10.52	16.33	8.99
Total Current Assets	1,165	1,192	1,359	467.65	425.54	391.46
Property, Plant & Equipment	264.42	469.28	295.7	218.44	155.22	160.56
Long-Term Investments	15.35	15.99	-	-	-	-
Other Intangible Assets	81.68	81.99	42.13	38.95	18.47	18.72
Long-Term Deferred Tax Assets	18.32	15.48	16.52	18.1	20.65	19.07
Long-Term Deferred Charges	41.17	24.99	15.21	14.08	12.97	17.84
Other Long-Term Assets	403.92	67.84	30.29	16.9	16.29	18.81
Total Assets	1,990	1,868	1,759	774.12	649.14	626.46
Accounts Payable	363.79	335.63	269.37	223.6	185.53	149.57
Accrued Expenses	22.99	37.33	38.8	33.79	36.23	28.56
Short-Term Debt	2.4	-	2.29	-	10.83	124.03
Current Income Taxes Payable	11.7	5.58	3.91	6.15	2.78	7.08
Current Unearned Revenue	10.54	8.21	6.67	6.16	6.53	5.02
Other Current Liabilities	19.8	3.52	1.25	3.25	2.73	3.14
Total Current Liabilities	431.22	390.27	322.29	272.96	244.63	317.39
Long-Term Unearned Revenue	24.94	10.9	5.15	6.04	9.04	8.27
Long-Term Deferred Tax Liabilities	-	-	-	-	4.23	4.94
Total Liabilities	456.16	401.17	327.44	279	257.9	330.6
Common Stock	103.38	103.38	103.38	77.5	77.5	77.5
Additional Paid-In Capital	848.45	840.65	840.65	45.12	45.12	45.12
Retained Earnings	629.21	577.66	487.22	372.5	268.62	173.25
Treasury Stock	-45.02	-53.5	-	-	-	-
Comprehensive Income & Other	-2.22	-1.53	-	-	-	-
Shareholders' Equity	1,534	1,467	1,431	495.12	391.24	295.86
Total Liabilities & Equity	1,990	1,868	1,759	774.12	649.14	626.46
Total Debt	2.4	-	2.29	-	10.83	124.03
Net Cash (Debt)	423.8	627.44	886.12	38.73	24.02	-32.42
Net Cash Growth	-34.90%	-29.19%	2187.96%	61.23%	-	-
Net Cash Per Share	4.19	6.18	9.81	0.50	0.31	-0.44
Filing Date Shares Outstanding	101.8	101.5	101.64	77.5	77.5	77.5
Total Common Shares Outstanding	101.8	101.5	103.38	77.5	77.5	77.5
Working Capital	733.9	801.98	1,037	194.69	180.91	74.07
Book Value Per Share	15.07	14.45	13.84	6.39	5.05	3.82
Tangible Book Value	1,452	1,385	1,389	456.17	372.77	277.15
Tangible Book Value Per Share	14.26	13.64	13.44	5.89	4.81	3.58
Buildings	-	264.23	227.5	141.28	134.09	130.19
Machinery	-	288.99	231.19	181.3	170.28	164.07
Construction In Progress	-	129.2	20.77	63.95	1.89	0.03

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