Shenzhen HFC Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	232.91	222.7	112.57	123.67	151.06
Short-Term Investments	95.34	64.47	21.95	20.33	-
Trading Asset Securities	117.25	25.25	72.55	40.07	62.43
Cash & Short-Term Investments	445.5	312.43	207.06	184.06	213.49
Cash Growth	-	50.89%	12.50%	-13.78%	-
Accounts Receivable	286.46	314.63	132.89	107.99	83.73
Other Receivables	4.63	0.47	0.57	0.55	0.12
Receivables	291.09	315.17	133.47	108.54	83.91
Inventory	55.71	46.81	19.75	15.91	18.11
Other Current Assets	21.34	11.56	6.31	5.92	3.78
Total Current Assets	813.65	685.97	366.59	314.43	319.28
Property, Plant & Equipment	77.16	68.09	48.48	47.01	48.27
Long-Term Investments	70.9	67.1	109.9	58.66	27.13
Goodwill	1.7	1.7	-	-	-
Other Intangible Assets	2.58	2.88	1.05	0.21	0.34
Long-Term Deferred Tax Assets	4.48	5.3	4.17	4.25	4.6
Long-Term Deferred Charges	3.89	5.6	6.65	7.93	5.35
Other Long-Term Assets	40.29	17.78	3.78	0.86	3.96
Total Assets	1,015	854.42	540.62	433.35	408.92

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Accounts Payable	51.21	73.87	50.68	29.43	17.18
Accrued Expenses	34.23	39.7	25.34	20.98	21.95
Short-Term Debt	0.03	0.01	7.3	2.45	20
Current Income Taxes Payable	17.21	13.2	5.7	3.53	3.64
Current Unearned Revenue	0.22	0.08	0.26	0.17	0.06
Other Current Liabilities	9.72	12.05	11.82	8.46	9
Total Current Liabilities	121.97	138.91	101.11	65.02	71.83
Long-Term Leases	5.46	7.03	11.39	14.41	18.14
Long-Term Unearned Revenue	0.04	0.11	0.3	0.5	-
Long-Term Deferred Tax Liabilities	1.53	2.01	2.64	2.93	3.78
Total Liabilities	129	148.06	115.44	82.84	93.75

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Common Stock	56.19	56.19	55.68	55.68	55.68
Additional Paid-In Capital	242.12	240.35	234.02	232.47	232.22
Retained Earnings	579.22	403.15	132.52	61.05	26.09
Comprehensive Income & Other	0.18	0.73	1.63	1.31	1.29
Total Common Equity	877.71	700.42	423.85	350.52	315.27
Minority Interest	7.92	5.94	1.33	-0.01	-0.1
Shareholders' Equity	885.63	706.37	425.18	350.51	315.18
Total Liabilities & Equity	1,015	854.42	540.62	433.35	408.92

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Total Debt	14.84	7.04	18.69	16.85	38.14
Net Cash (Debt)	430.66	305.39	188.38	167.21	175.34
Net Cash Growth	-	62.12%	12.66%	-4.64%	-
Net Cash Per Share	7.66	5.46	3.37	3.01	3.64
Filing Date Shares Outstanding	56.19	56.19	55.68	55.5	48.16
Total Common Shares Outstanding	56.19	56.19	55.68	55.5	48.16
Working Capital	691.68	547.06	265.48	249.42	247.45
Book Value Per Share	15.62	12.46	7.61	6.32	6.55
Tangible Book Value	873.44	695.85	422.79	350.32	314.94
Tangible Book Value Per Share	15.54	12.38	7.59	6.31	6.54
Buildings	12	12	12	12	12
Machinery	80.11	69.23	40.64	32.94	26.31
Construction In Progress	8.21	3.89	2.01	1.32	0.95