Guangdong Fenghua Advanced Technology (Holding) Co., Ltd. (FENGHUA) balance sheet

SHZ · Technology · Hardware, Equipment & Parts · 9,396 employees · CEO Xiao Ping Yang

Price: CN¥32.80 +1.67%
Market cap: CN¥37.6B
Enterprise value: CN¥35.9B
Last report: Q3 '26 filed 2026-09-30
Next report: 2027-04-20 EPS est. CN¥0.27

At the end of Q3 '26 Guangdong Fenghua Advanced Technology (Holding) Co., Ltd. (FENGHUA) held CN¥3.61B in cash and short-term investments against CN¥1.82B of debt incl. leases. Total assets CN¥17.5B, total liabilities CN¥4.5B, shareholders' equity CN¥12.8B.

Balance sheet

Balance sheet	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Assets
Cash & equivalents	CN¥4.29B	CN¥4.31B	CN¥4.29B	CN¥4.34B	CN¥4.35B	CN¥4.34B	CN¥4.63B	CN¥4.2B	CN¥3.74B	CN¥3.49B	CN¥3.75B	CN¥3.55B
Short-term investments	CN¥0	CN¥0	CN¥0	CN¥0	CN¥99M	CN¥0	CN¥481M	CN¥0	CN¥489M	CN¥535M	CN¥42.3M	CN¥54.2M
Receivables	CN¥1.91B	CN¥1.95B	CN¥2.17B	CN¥2.11B	CN¥2.31B	CN¥2.45B	CN¥2.53B	CN¥2.53B	CN¥2.68B	CN¥2.83B	CN¥3.06B	CN¥3.26B
Inventory	CN¥696M	CN¥732M	CN¥799M	CN¥965M	CN¥985M	CN¥982M	CN¥994M	CN¥1.13B	CN¥1.02B	CN¥1.19B	CN¥1.25B	CN¥1.33B
Other current assets	CN¥34.1M	CN¥42.3M	CN¥135M	CN¥137M	CN¥54.6M	CN¥44M	CN¥28M	CN¥507M	CN¥0	CN¥20.5M	CN¥0	CN¥19.7M
Current assets	CN¥6.95B	CN¥7.05B	CN¥7.41B	CN¥7.57B	CN¥7.83B	CN¥7.84B	CN¥8.68B	CN¥8.39B	CN¥7.97B	CN¥8.09B	CN¥8.13B	CN¥8.27B
Property, plant & equipment (net)	CN¥5.96B	CN¥5.88B	CN¥5.83B	CN¥5.81B	CN¥5.81B	CN¥5.82B	CN¥5.85B	CN¥5.88B	CN¥5.92B	CN¥5.84B	CN¥5.76B	CN¥5.67B
Long-term investments	CN¥2.07B	CN¥2.04B	CN¥1.95B	CN¥1.96B	CN¥2.05B	CN¥2.18B	CN¥1.64B	CN¥1.87B	CN¥1.99B	CN¥1.84B	CN¥2.73B	CN¥2.58B
Intangible assets	CN¥284M	CN¥281M	CN¥281M	CN¥265M	CN¥271M	CN¥270M	CN¥244M	CN¥239M	CN¥251M	CN¥246M	CN¥250M	CN¥245M
Deferred tax assets	CN¥67.8M	CN¥59.7M	CN¥47.1M	CN¥47.5M	CN¥49.3M	CN¥48.7M	CN¥51M	CN¥50.2M	CN¥57.3M	CN¥55.1M	CN¥55.1M	CN¥57.9M
Other non-current assets	CN¥242M	CN¥243M	CN¥268M	CN¥241M	CN¥239M	CN¥233M	CN¥222M	CN¥214M	CN¥382M	CN¥378M	CN¥197M	CN¥675M
Non-current assets	CN¥8.62B	CN¥8.5B	CN¥8.38B	CN¥8.33B	CN¥8.42B	CN¥8.56B	CN¥8.01B	CN¥8.26B	CN¥8.6B	CN¥8.36B	CN¥8.99B	CN¥9.23B
Total assets	CN¥15.6B	CN¥15.5B	CN¥15.8B	CN¥15.9B	CN¥16.3B	CN¥16.4B	CN¥16.7B	CN¥16.7B	CN¥16.6B	CN¥16.4B	CN¥17.1B	CN¥17.5B
Liabilities
Accounts payable	CN¥2.06B	CN¥2B	CN¥2.11B	CN¥2.21B	CN¥2.4B	CN¥2.46B	CN¥2.62B	CN¥1.35B	CN¥1.43B	CN¥1.49B	CN¥1.67B	CN¥1.52B
Accrued expenses	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥236M	CN¥229M	CN¥260M	CN¥270M	CN¥354M
Short-term debt	CN¥34.1M	CN¥1M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥1.49B	CN¥1.6B	CN¥1.29B	CN¥1.61B	CN¥1.78B
Taxes payable	CN¥27M	CN¥25.9M	CN¥29.3M	CN¥35.8M	CN¥18.8M	CN¥25.9M	CN¥36.2M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Deferred revenue	CN¥13.9M	CN¥17.9M	CN¥17.1M	CN¥17.9M	CN¥14.3M	CN¥15.7M	CN¥15.4M	CN¥19.5M	CN¥18.6M	CN¥20.1M	CN¥21.5M	CN¥31.3M
Other current liabilities	CN¥215M	CN¥293M	CN¥245M	CN¥276M	CN¥590M	CN¥549M	CN¥539M	CN¥401M	CN¥488M	CN¥374M	CN¥364M	CN¥366M
Current liabilities	CN¥2.69B	CN¥2.64B	CN¥2.79B	CN¥2.91B	CN¥3.4B	CN¥3.39B	CN¥3.75B	CN¥3.54B	CN¥3.77B	CN¥3.46B	CN¥3.95B	CN¥4.17B
Long-term debt	CN¥435M	CN¥435M	CN¥434M	CN¥434M	CN¥139M	CN¥139M	CN¥121M	CN¥122M	CN¥1.45M	CN¥1.45M	CN¥1.45M	CN¥1.45M
Lease obligations (non-current)	CN¥39.8M	CN¥38.5M	CN¥35.9M	CN¥33.2M	CN¥31.9M	CN¥36.5M	CN¥27.9M	CN¥26.3M	CN¥47.9M	CN¥46.4M	CN¥42.3M	CN¥40.2M
Deferred revenue (non-current)	CN¥242M	CN¥232M	CN¥227M	CN¥219M	CN¥252M	CN¥239M	CN¥246M	CN¥237M	CN¥0	CN¥234M	CN¥231M	CN¥229M
Deferred tax liabilities	CN¥60M	CN¥54M	CN¥54.6M	CN¥51.4M	CN¥61.1M	CN¥74.4M	CN¥74.4M	CN¥93.2M	CN¥94.9M	CN¥73.8M	CN¥89.7M	CN¥61.5M
Other non-current liabilities	CN¥28.3M	CN¥28.3M	CN¥47.9M	CN¥2.45M	CN¥5.95M	CN¥5.95M	CN¥2.45M	CN¥1M	CN¥1M	CN¥1M	CN¥1M	CN¥1M
Non-current liabilities	CN¥804M	CN¥787M	CN¥799M	CN¥740M	CN¥490M	CN¥495M	CN¥472M	CN¥480M	CN¥145M	CN¥357M	CN¥365M	CN¥333M
Total liabilities	CN¥3.49B	CN¥3.43B	CN¥3.59B	CN¥3.65B	CN¥3.88B	CN¥3.89B	CN¥4.22B	CN¥4.01B	CN¥3.92B	CN¥3.82B	CN¥4.32B	CN¥4.5B
Equity
Common stock & paid-in capital	CN¥1.16B	CN¥1.16B	CN¥1.16B	CN¥1.16B	CN¥1.16B	CN¥1.16B	CN¥1.16B	CN¥1.16B	CN¥1.16B	CN¥1.16B	CN¥1.16B	CN¥1.15B
Retained earnings	CN¥2.89B	CN¥2.96B	CN¥3.04B	CN¥3.1B	CN¥3.17B	CN¥3.23B	CN¥3.16B	CN¥3.22B	CN¥3.28B	CN¥3.37B	CN¥3.45B	CN¥3.81B
Accumulated other comprehensive income	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥8.27B	CN¥1.1B	CN¥8.11B	CN¥1.07B	CN¥7.9B
Shareholders' equity	CN¥11.9B	CN¥12B	CN¥12.1B	CN¥12.1B	CN¥12.2B	CN¥12.4B	CN¥12.3B	CN¥12.5B	CN¥12.5B	CN¥12.5B	CN¥12.7B	CN¥12.8B
Debt
Total debt (incl. leases)	CN¥509M	CN¥474M	CN¥470M	CN¥467M	CN¥171M	CN¥175M	CN¥149M	CN¥1.64B	CN¥1.65B	CN¥1.34B	CN¥1.66B	CN¥1.82B
Net debt (debt - cash)	-CN¥3.78B	-CN¥3.84B	-CN¥3.82B	-CN¥3.87B	-CN¥4.18B	-CN¥4.17B	-CN¥4.48B	-CN¥2.56B	-CN¥2.09B	-CN¥2.15B	-CN¥2.1B	-CN¥1.73B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥525M	CN¥464M	CN¥1.21B	CN¥1.52B	CN¥2.01B	CN¥1.21B	CN¥5.36B	CN¥4.29B	CN¥4.35B	CN¥3.74B
Short-term investments	CN¥699M	CN¥340M	CN¥398M	CN¥350M	CN¥0	CN¥0	CN¥118M	CN¥0	CN¥99M	CN¥489M
Receivables	CN¥1.19B	CN¥1.37B	CN¥1.27B	CN¥993M	CN¥420M	CN¥1.15B	CN¥1.55B	CN¥1.91B	CN¥2.31B	CN¥2.68B
Inventory	CN¥459M	CN¥494M	CN¥503M	CN¥457M	CN¥508M	CN¥858M	CN¥656M	CN¥696M	CN¥985M	CN¥1.02B
Other current assets	CN¥26.6M	CN¥16.5M	CN¥24.6M	CN¥15M	CN¥1B	CN¥232M	CN¥88.3M	CN¥34.1M	CN¥54.6M	CN¥0
Current assets	CN¥2.92B	CN¥2.7B	CN¥3.42B	CN¥3.35B	CN¥3.96B	CN¥3.46B	CN¥7.78B	CN¥6.95B	CN¥7.83B	CN¥7.97B
Property, plant & equipment (net)	CN¥2.08B	CN¥2.21B	CN¥2.36B	CN¥2.33B	CN¥3.05B	CN¥5.12B	CN¥6.04B	CN¥5.96B	CN¥5.81B	CN¥5.92B
Long-term investments	CN¥1.06B	CN¥888M	CN¥884M	CN¥555M	CN¥1.16B	CN¥1.52B	CN¥1.3B	CN¥2.07B	CN¥2.04B	CN¥1.99B
Goodwill	CN¥317M	CN¥317M	CN¥169M	CN¥90.7M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Intangible assets	CN¥138M	CN¥123M	CN¥111M	CN¥104M	CN¥244M	CN¥227M	CN¥286M	CN¥284M	CN¥271M	CN¥251M
Deferred tax assets	CN¥42M	CN¥42M	CN¥41.5M	CN¥48.3M	CN¥65.1M	CN¥66.4M	CN¥71M	CN¥67.8M	CN¥49.3M	CN¥57.3M
Other non-current assets	CN¥76.8M	CN¥46.3M	CN¥51.7M	CN¥531M	CN¥356M	CN¥425M	CN¥340M	CN¥244M	CN¥242M	CN¥382M
Non-current assets	CN¥3.72B	CN¥3.63B	CN¥3.62B	CN¥3.66B	CN¥4.88B	CN¥7.36B	CN¥8.04B	CN¥8.62B	CN¥8.42B	CN¥8.6B
Total assets	CN¥6.64B	CN¥6.33B	CN¥7.04B	CN¥7B	CN¥8.84B	CN¥10.8B	CN¥15.8B	CN¥15.6B	CN¥16.3B	CN¥16.6B
Liabilities
Accounts payable	CN¥975M	CN¥1.06B	CN¥766M	CN¥829M	CN¥1.03B	CN¥1.31B	CN¥1.71B	CN¥2.06B	CN¥2.4B	CN¥1.43B
Accrued expenses	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥229M
Short-term debt	CN¥598M	CN¥282M	CN¥85M	CN¥35M	CN¥505M	CN¥643M	CN¥78.1M	CN¥34.1M	CN¥0	CN¥1.6B
Taxes payable	CN¥42.7M	CN¥50.6M	CN¥181M	CN¥29.5M	CN¥63M	CN¥25.3M	CN¥14.6M	CN¥27M	CN¥18.8M	CN¥0
Deferred revenue	CN¥18M	CN¥24.2M	CN¥28.2M	CN¥25.8M	CN¥16.1M	CN¥15.2M	CN¥14.9M	CN¥13.9M	CN¥14.3M	CN¥18.6M
Other current liabilities	CN¥14.1M	CN¥1.24M	CN¥1.6M	CN¥2.31M	CN¥248M	CN¥294M	CN¥740M	CN¥215M	CN¥590M	CN¥488M
Current liabilities	CN¥1.78B	CN¥1.59B	CN¥1.33B	CN¥1.13B	CN¥2.22B	CN¥2.7B	CN¥2.84B	CN¥2.69B	CN¥3.4B	CN¥3.77B
Long-term debt	CN¥153M	CN¥5.96M	CN¥1.45M	CN¥1.45M	CN¥0	CN¥487M	CN¥624M	CN¥435M	CN¥139M	CN¥1.45M
Lease obligations (non-current)	CN¥0	CN¥0	CN¥0	CN¥0	CN¥52M	CN¥51.4M	CN¥48.5M	CN¥39.8M	CN¥31.9M	CN¥47.9M
Deferred revenue (non-current)	CN¥118M	CN¥129M	CN¥159M	CN¥206M	CN¥209M	CN¥193M	CN¥221M	CN¥242M	CN¥252M	CN¥0
Deferred tax liabilities	CN¥60.3M	CN¥27.8M	CN¥21.1M	CN¥24.3M	CN¥40.6M	CN¥44.3M	CN¥49.4M	CN¥60M	CN¥61.1M	CN¥94.9M
Other non-current liabilities	CN¥14.4M	CN¥124K	CN¥0	CN¥0	CN¥252M	CN¥267M	CN¥28.6M	CN¥28.3M	CN¥5.95M	CN¥1M
Non-current liabilities	CN¥346M	CN¥163M	CN¥181M	CN¥231M	CN¥554M	CN¥1.04B	CN¥971M	CN¥804M	CN¥490M	CN¥145M
Total liabilities	CN¥2.12B	CN¥1.75B	CN¥1.52B	CN¥1.36B	CN¥2.78B	CN¥3.75B	CN¥3.81B	CN¥3.49B	CN¥3.88B	CN¥3.92B
Equity
Common stock & paid-in capital	CN¥895M	CN¥895M	CN¥895M	CN¥895M	CN¥895M	CN¥895M	CN¥1.16B	CN¥1.16B	CN¥1.16B	CN¥1.16B
Retained earnings	CN¥537M	CN¥740M	CN¥1.59B	CN¥1.66B	CN¥1.98B	CN¥2.79B	CN¥2.83B	CN¥2.89B	CN¥3.17B	CN¥3.28B
Accumulated other comprehensive income	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥1.1B
Shareholders' equity	CN¥4.45B	CN¥4.5B	CN¥5.43B	CN¥5.57B	CN¥5.99B	CN¥6.95B	CN¥11.9B	CN¥11.9B	CN¥12.2B	CN¥12.5B
Debt
Total debt (incl. leases)	CN¥751M	CN¥288M	CN¥86.5M	CN¥36.5M	CN¥557M	CN¥1.18B	CN¥750M	CN¥509M	CN¥171M	CN¥1.65B
Net debt (debt - cash)	CN¥226M	-CN¥176M	-CN¥1.13B	-CN¥1.48B	-CN¥1.46B	-CN¥25M	-CN¥4.61B	-CN¥3.78B	-CN¥4.18B	-CN¥2.09B

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02