Hwatsing Technology Co., Ltd. (SHA:688120)

Hwatsing Technology Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	2,456	2,761	2,565	2,057	616.98	331.26
Trading Asset Securities	1,885	1,845	2,022	2,103	200.54	90.29
Cash & Short-Term Investments	4,340	4,606	4,587	4,160	817.53	421.55
Cash Growth	-2.94%	0.43%	10.25%	408.89%	93.94%	425.66%
Accounts Receivable	763.81	701.02	487.91	438.88	97.31	148.58
Other Receivables	40.32	32.3	8.15	8.49	3.79	2.45
Receivables	804.13	733.32	496.06	447.37	101.1	151.04
Inventory	3,703	3,268	2,415	2,361	1,476	510.87
Other Current Assets	294.38	224.7	186.86	153.55	66.29	8.67
Total Current Assets	9,141	8,832	7,685	7,122	2,460	1,092
Property, Plant & Equipment	1,488	1,343	899.15	553.47	432.18	280.37
Long-Term Investments	516.48	477.95	373.16	4.91	14.98	15
Goodwill	802.13	802.13	-	-	-	-
Other Intangible Assets	221.32	228.29	67.83	76.5	84.01	77.5
Long-Term Deferred Tax Assets	40.41	29.85	15.47	8.86	2.46	-
Long-Term Deferred Charges	11.6	16.02	0.02	0.04	0.06	8.71
Other Long-Term Assets	32.74	21.15	76.68	60.52	34	9.41
Total Assets	12,254	11,751	9,117	7,827	3,028	1,483
Accounts Payable	1,767	1,290	890.47	1,002	655.45	286.37
Accrued Expenses	141.83	183.14	94.49	78.74	42.12	12.9
Short-Term Debt	18.04	27.5	-	-	-	44.44
Current Portion of Long-Term Debt	122.06	112.07	210.37	18.67	37.28	-
Current Portion of Leases	1.06	1.64	-	-	-	-
Current Income Taxes Payable	2.16	3.22	26.51	22.17	-	12.12
Current Unearned Revenue	1,755	1,791	1,328	1,304	778.93	163.9
Other Current Liabilities	407.89	776.88	85.81	51.27	119.69	99.88
Total Current Liabilities	4,215	4,186	2,635	2,476	1,633	619.61
Long-Term Debt	294.55	360.64	472.73	179.85	258.89	88.3
Long-Term Leases	0.54	0.05	-	-	-	-
Long-Term Unearned Revenue	576.94	553.53	389.89	302.8	287.61	148.57
Long-Term Deferred Tax Liabilities	20.3	21.33	-	4.13	-	-
Other Long-Term Liabilities	157.53	149.22	101.51	72.88	39.92	18.24
Total Liabilities	5,265	5,271	3,600	3,036	2,220	874.72
Common Stock	236.72	236.72	158.93	106.67	80	80
Additional Paid-In Capital	3,920	3,907	3,884	3,888	423.31	421.74
Retained Earnings	2,918	2,413	1,477	806.52	304.92	106.64
Treasury Stock	-79.93	-78.93	-	-	-	-
Comprehensive Income & Other	-5.97	-4.55	-2.24	-10.09	-0.02	-
Total Common Equity	6,989	6,473	5,518	4,791	808.21	608.39
Minority Interest	-	7.24	-	-	-	-
Shareholders' Equity	6,989	6,480	5,518	4,791	808.21	608.39
Total Liabilities & Equity	12,254	11,751	9,117	7,827	3,028	1,483
Total Debt	436.24	501.91	683.11	198.52	296.18	132.73
Net Cash (Debt)	3,904	4,105	3,904	3,962	521.35	288.81
Net Cash Growth	0.41%	5.15%	-1.47%	659.91%	80.52%	548.38%
Net Cash Per Share	11.04	11.60	11.08	12.52	1.97	1.16
Filing Date Shares Outstanding	352.52	351.96	352.85	352.85	263.09	264.64
Total Common Shares Outstanding	352.52	351.96	352.85	352.85	263.09	264.64
Working Capital	4,926	4,646	5,050	4,646	826.95	472.51
Book Value Per Share	19.83	18.39	15.64	13.58	3.07	2.30
Tangible Book Value	5,966	5,443	5,450	4,714	724.2	530.89
Tangible Book Value Per Share	16.92	15.46	15.45	13.36	2.75	2.01
Buildings	755.55	387.91	265.74	264.49	0.52	-
Machinery	992.6	789.16	563.98	359.54	471.55	74.6
Construction In Progress	2.48	372.67	200.11	-	-	227.4

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.