Hengbo Holdings 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	Dec '21 Dec 31, 2021
Cash & Equivalents	326.83	132.92	600.19	38.73	34.78
Trading Asset Securities	25.19	494.52	288.22	-	0.07
Cash & Short-Term Investments	352.02	627.44	888.41	38.73	34.85
Cash Growth	-43.90%	-29.38%	2193.88%	11.13%	-61.96%
Accounts Receivable	608.64	337.61	292.15	268.3	249.16
Other Receivables	5.06	1.77	1.52	1.55	0
Receivables	613.7	339.38	293.67	269.85	249.16
Inventory	265.59	195.57	153.57	148.55	125.19
Other Current Assets	46.66	29.85	23.19	10.52	16.33
Total Current Assets	1,278	1,192	1,359	467.65	425.54
Property, Plant & Equipment	852.86	469.28	295.7	218.44	155.22
Long-Term Investments	16.79	15.99	-	-	-
Goodwill	34.67	-	-	-	-
Other Intangible Assets	84.65	81.99	42.13	38.95	18.47
Long-Term Deferred Tax Assets	42	15.48	16.52	18.1	20.65
Long-Term Deferred Charges	54.04	24.99	15.21	14.08	12.97
Other Long-Term Assets	20.78	67.84	30.29	16.9	16.29
Total Assets	2,384	1,868	1,759	774.12	649.14
Accounts Payable	608.19	335.63	269.37	223.6	185.53
Accrued Expenses	31.3	37.33	38.8	33.79	36.23
Short-Term Debt	20.87	-	2.29	-	10.83
Current Portion of Long-Term Debt	8.58	-	-	-	-
Current Income Taxes Payable	15.72	5.58	3.91	6.15	2.78
Current Unearned Revenue	4.34	8.21	6.67	6.16	6.53
Other Current Liabilities	73.89	3.52	1.25	3.25	2.73
Total Current Liabilities	762.88	390.27	322.29	272.96	244.63
Long-Term Debt	5.19	-	-	-	-
Long-Term Leases	10.84	-	-	-	-
Long-Term Unearned Revenue	25.46	10.9	5.15	6.04	9.04
Long-Term Deferred Tax Liabilities	3.15	-	-	-	4.23
Other Long-Term Liabilities	1.03	-	-	-	-
Total Liabilities	808.55	401.17	327.44	279	257.9
Common Stock	103.38	103.38	103.38	77.5	77.5
Additional Paid-In Capital	856.69	840.65	840.65	45.12	45.12
Retained Earnings	671.41	577.66	487.22	372.5	268.62
Treasury Stock	-57.75	-53.5	-	-	-
Comprehensive Income & Other	-1.17	-1.53	-	-	-
Total Common Equity	1,573	1,467	1,431	495.12	391.24
Minority Interest	2.66	-	-	-	-
Shareholders' Equity	1,575	1,467	1,431	495.12	391.24
Total Liabilities & Equity	2,384	1,868	1,759	774.12	649.14
Total Debt	45.47	-	2.29	-	10.83
Net Cash (Debt)	306.55	627.44	886.12	38.73	24.02
Net Cash Growth	-51.14%	-29.19%	2187.96%	61.23%	-
Net Cash Per Share	3.01	6.18	9.81	0.50	0.31
Filing Date Shares Outstanding	103.29	101.5	101.64	77.5	77.5
Total Common Shares Outstanding	103.29	101.5	103.38	77.5	77.5
Working Capital	515.09	801.98	1,037	194.69	180.91
Book Value Per Share	15.22	14.45	13.84	6.39	5.05
Tangible Book Value	1,453	1,385	1,389	456.17	372.77
Tangible Book Value Per Share	14.07	13.64	13.44	5.89	4.81
Buildings	-	264.23	227.5	141.28	134.09
Machinery	-	288.99	231.19	181.3	170.28
Construction In Progress	-	129.2	20.77	63.95	1.89

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