HGTECH Co., Ltd. (HUAGONGTECH) balance sheet

SHZ · Industrials · Electrical Equipment & Parts · 9,462 employees · CEO Xinqiang Ma

Price: CN¥63.63 +2.38%
Market cap: CN¥64B
Enterprise value: CN¥67.8B
Last report: Q3 '26 filed 2026-09-30
Next report: 2027-04-01

At the end of Q3 '26 HGTECH Co., Ltd. (HUAGONGTECH) held CN¥2.88B in cash and short-term investments against CN¥6.3B of debt incl. leases. Total assets CN¥25.6B, total liabilities CN¥13.1B, shareholders' equity CN¥12.4B.

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¥4.4B	CN¥4.2B	CN¥3.41B	CN¥3.59B	CN¥4.5B	CN¥3.76B	CN¥3.34B	CN¥3.88B	CN¥4.56B	CN¥2.9B	CN¥3.2B	CN¥2.5B
Short-term investments	CN¥125M	CN¥123M	CN¥121M	CN¥125M	CN¥107M	CN¥135M	CN¥135M	CN¥135M	CN¥135M	CN¥420M	CN¥2B	CN¥381M
Receivables	CN¥5.16B	CN¥5.06B	CN¥5.46B	CN¥6.35B	CN¥6.26B	CN¥6.32B	CN¥6.58B	CN¥6.89B	CN¥6.42B	CN¥7.16B	CN¥7.33B	CN¥7.94B
Inventory	CN¥1.91B	CN¥2.09B	CN¥2.88B	CN¥2.71B	CN¥2.62B	CN¥2.88B	CN¥3.18B	CN¥3.41B	CN¥3.58B	CN¥3.69B	CN¥4.51B	CN¥4.65B
Other current assets	CN¥1.11B	CN¥2.09B	CN¥1.13B	CN¥1.11B	CN¥1.21B	CN¥146M	CN¥195M	CN¥159M	CN¥0	CN¥230M	CN¥0	CN¥1.95B
Current assets	CN¥13.2B	CN¥14.1B	CN¥13.6B	CN¥14.5B	CN¥15.2B	CN¥13.8B	CN¥14.1B	CN¥15.4B	CN¥15.1B	CN¥14.8B	CN¥17.6B	CN¥17.9B
Property, plant & equipment (net)	CN¥2.08B	CN¥2.03B	CN¥2.12B	CN¥2.32B	CN¥2.48B	CN¥2.51B	CN¥2.7B	CN¥2.85B	CN¥3.36B	CN¥3.45B	CN¥3.88B	CN¥3.89B
Long-term investments	CN¥1.72B	CN¥801M	CN¥2.32B	CN¥689M	CN¥587M	CN¥562M	CN¥3.26B	CN¥689M	CN¥3.43B	CN¥830M	CN¥1.2B	CN¥1.2B
Goodwill	CN¥0	CN¥0	CN¥0	CN¥496K	CN¥496K	CN¥496K	CN¥496K	CN¥496K	CN¥0	CN¥0	CN¥0	CN¥0
Intangible assets	CN¥419M	CN¥395M	CN¥409M	CN¥453M	CN¥497M	CN¥510M	CN¥530M	CN¥547M	CN¥654M	CN¥694M	CN¥768M	CN¥843M
Deferred tax assets	CN¥167M	CN¥164M	CN¥169M	CN¥156M	CN¥190M	CN¥191M	CN¥178M	CN¥192M	CN¥214M	CN¥203M	CN¥222M	CN¥226M
Other non-current assets	-CN¥61.2M	CN¥46.8M	CN¥80.1M	CN¥1.62B	CN¥1.86B	CN¥2.79B	CN¥274M	CN¥2.87B	CN¥110M	CN¥2.95B	CN¥1.15B	CN¥1.52B
Non-current assets	CN¥4.33B	CN¥3.44B	CN¥5.1B	CN¥5.24B	CN¥5.62B	CN¥6.57B	CN¥6.94B	CN¥7.15B	CN¥7.77B	CN¥8.13B	CN¥7.22B	CN¥7.68B
Total assets	CN¥17.5B	CN¥17.6B	CN¥18.7B	CN¥19.7B	CN¥20.8B	CN¥20.4B	CN¥21.1B	CN¥22.6B	CN¥22.9B	CN¥23B	CN¥24.8B	CN¥25.6B
Liabilities
Accounts payable	CN¥4.2B	CN¥4.12B	CN¥5.03B	CN¥5.18B	CN¥5.57B	CN¥5.27B	CN¥5.4B	CN¥3.57B	CN¥3.76B	CN¥6.18B	CN¥4.46B	CN¥4.77B
Accrued expenses	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥57.3M	CN¥212M	CN¥0	CN¥37.3M	CN¥0
Short-term debt	CN¥59M	CN¥38.9M	CN¥169M	CN¥422M	CN¥385M	CN¥207M	CN¥377M	CN¥4.27B	CN¥5.33B	CN¥358M	CN¥5.75B	CN¥4.65B
Taxes payable	CN¥120M	CN¥71.2M	CN¥86.3M	CN¥27.8M	CN¥94.6M	CN¥15.6M	CN¥104M	CN¥0	CN¥0	CN¥74.7M	CN¥0	CN¥64.1M
Deferred revenue	CN¥448M	CN¥448M	CN¥324M	CN¥497M	CN¥360M	CN¥497M	CN¥547M	CN¥565M	CN¥489M	CN¥0	CN¥434M	CN¥0
Other current liabilities	CN¥226M	CN¥196M	CN¥687M	CN¥668M	CN¥1.2B	CN¥1.1B	CN¥2.22B	CN¥331M	CN¥238M	CN¥1.75B	CN¥263M	CN¥1.34B
Current liabilities	CN¥5.49B	CN¥5.11B	CN¥6.55B	CN¥7.04B	CN¥8.24B	CN¥7.37B	CN¥8.86B	CN¥8.86B	CN¥10.1B	CN¥8.51B	CN¥11B	CN¥10.8B
Long-term debt	CN¥2.51B	CN¥2.75B	CN¥2.28B	CN¥2.41B	CN¥1.99B	CN¥1.97B	CN¥1.32B	CN¥2.31B	CN¥1.19B	CN¥2.15B	CN¥1.17B	CN¥1.59B
Lease obligations (non-current)	CN¥12.8M	CN¥22.8M	CN¥15.2M	CN¥29.1M	CN¥14M	CN¥12.1M	CN¥8.94M	CN¥33.6M	CN¥59.1M	CN¥77.7M	CN¥63.6M	CN¥61.8M
Deferred revenue (non-current)	CN¥196M	CN¥149M	CN¥130M	CN¥134M	CN¥239M	CN¥247M	CN¥223M	CN¥271M	CN¥0	CN¥299M	CN¥315M	CN¥354M
Deferred tax liabilities	CN¥52.1M	CN¥54.7M	CN¥51.2M	CN¥45.7M	CN¥45.8M	CN¥52.4M	CN¥46.3M	CN¥46M	CN¥53.2M	CN¥125M	CN¥191M	CN¥196M
Other non-current liabilities	CN¥23.8M	CN¥22.6M	CN¥25.3M	CN¥20M	CN¥26.6M	CN¥26.4M	CN¥23.4M	CN¥25.3M	CN¥361M	CN¥40.6M	CN¥51.7M	CN¥47.5M
Non-current liabilities	CN¥2.8B	CN¥3B	CN¥2.5B	CN¥2.64B	CN¥2.31B	CN¥2.31B	CN¥1.62B	CN¥2.69B	CN¥1.66B	CN¥2.69B	CN¥1.79B	CN¥2.24B
Total liabilities	CN¥8.29B	CN¥8.11B	CN¥9.05B	CN¥9.68B	CN¥10.5B	CN¥9.68B	CN¥10.5B	CN¥11.6B	CN¥11.8B	CN¥11.2B	CN¥12.8B	CN¥13.1B
Equity
Common stock & paid-in capital	CN¥1.01B	CN¥1.01B	CN¥1.01B	CN¥1.01B	CN¥1.01B	CN¥1.01B	CN¥1.01B	CN¥1.01B	CN¥1.01B	CN¥1.01B	CN¥1.01B	CN¥1.01B
Retained earnings	CN¥5.25B	CN¥5.58B	CN¥5.77B	CN¥6.07B	CN¥6.29B	CN¥6.7B	CN¥7B	CN¥7.41B	CN¥7.51B	CN¥8.15B	CN¥8.44B	CN¥8.92B
Accumulated other comprehensive income	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥2.88B	CN¥369M	CN¥2.93B	CN¥333M	CN¥2.9B
Shareholders' equity	CN¥9.13B	CN¥9.45B	CN¥9.64B	CN¥9.92B	CN¥10.2B	CN¥10.6B	CN¥10.5B	CN¥10.9B	CN¥11.1B	CN¥11.7B	CN¥12B	CN¥12.4B
Debt
Total debt (incl. leases)	CN¥2.59B	CN¥2.81B	CN¥2.47B	CN¥2.87B	CN¥2.38B	CN¥2.19B	CN¥1.71B	CN¥6.62B	CN¥6.58B	CN¥2.59B	CN¥6.98B	CN¥6.3B
Net debt (debt - cash)	-CN¥1.81B	-CN¥1.39B	-CN¥947M	-CN¥720M	-CN¥2.12B	-CN¥1.57B	-CN¥1.63B	CN¥2.74B	CN¥2.02B	-CN¥311M	CN¥3.78B	CN¥3.79B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥984M	CN¥2.25B	CN¥2.01B	CN¥2.63B	CN¥3.24B	CN¥3.32B	CN¥3.36B	CN¥4.4B	CN¥4.5B	CN¥4.56B
Short-term investments	CN¥0	CN¥600M	CN¥353M	CN¥221M	CN¥87.6M	CN¥123M	CN¥116M	CN¥125M	CN¥107M	CN¥135M
Receivables	CN¥1.71B	CN¥2.47B	CN¥2.44B	CN¥2.92B	CN¥1.03B	CN¥4.16B	CN¥5.21B	CN¥5.16B	CN¥6.26B	CN¥6.42B
Inventory	CN¥805M	CN¥1.05B	CN¥1.28B	CN¥1.27B	CN¥1.69B	CN¥2.05B	CN¥2.38B	CN¥1.91B	CN¥2.62B	CN¥3.58B
Other current assets	CN¥28.7M	CN¥62.7M	CN¥406M	CN¥41.4M	CN¥2.21B	CN¥20.7M	CN¥40.8M	CN¥1.11B	CN¥1.21B	CN¥0
Current assets	CN¥3.68B	CN¥6.6B	CN¥6.68B	CN¥7.26B	CN¥8.47B	CN¥9.97B	CN¥11.5B	CN¥13.2B	CN¥15.2B	CN¥15.1B
Property, plant & equipment (net)	CN¥1.2B	CN¥1.21B	CN¥1.28B	CN¥1.5B	CN¥1.6B	CN¥1.74B	CN¥1.86B	CN¥2.08B	CN¥2.48B	CN¥3.36B
Long-term investments	CN¥329M	CN¥386M	CN¥696M	CN¥148M	CN¥427M	CN¥464M	CN¥711M	CN¥1.72B	CN¥587M	CN¥3.43B
Goodwill	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥496K	CN¥0
Intangible assets	CN¥264M	CN¥273M	CN¥322M	CN¥319M	CN¥330M	CN¥323M	CN¥314M	CN¥419M	CN¥497M	CN¥654M
Deferred tax assets	CN¥40.5M	CN¥58.2M	CN¥64.3M	CN¥86.4M	CN¥103M	CN¥126M	CN¥137M	CN¥167M	CN¥190M	CN¥214M
Other non-current assets	CN¥75.2M	CN¥47.7M	-CN¥277M	CN¥299M	CN¥202M	CN¥1.26B	CN¥2.3B	-CN¥61.2M	CN¥1.86B	CN¥110M
Non-current assets	CN¥1.91B	CN¥1.98B	CN¥2.09B	CN¥2.35B	CN¥2.66B	CN¥3.91B	CN¥5.31B	CN¥4.33B	CN¥5.62B	CN¥7.77B
Total assets	CN¥5.59B	CN¥8.58B	CN¥8.77B	CN¥9.61B	CN¥11.1B	CN¥13.9B	CN¥16.8B	CN¥17.5B	CN¥20.8B	CN¥22.9B
Liabilities
Accounts payable	CN¥1.1B	CN¥1.69B	CN¥1.86B	CN¥2.02B	CN¥2.62B	CN¥3.11B	CN¥4.11B	CN¥4.2B	CN¥5.57B	CN¥3.76B
Accrued expenses	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥212M
Short-term debt	CN¥205M	CN¥915M	CN¥452M	CN¥640M	CN¥781M	CN¥571M	CN¥739M	CN¥59M	CN¥385M	CN¥5.33B
Taxes payable	CN¥69.8M	CN¥89.7M	CN¥82.6M	CN¥127M	CN¥110M	CN¥160M	CN¥169M	CN¥120M	CN¥94.6M	CN¥0
Deferred revenue	CN¥54.5M	CN¥97.3M	CN¥140M	CN¥169M	CN¥204M	CN¥355M	CN¥476M	CN¥448M	CN¥360M	CN¥489M
Other current liabilities	CN¥500M	CN¥131M	CN¥0	CN¥0	CN¥88.7M	CN¥361M	CN¥827M	CN¥226M	CN¥1.2B	CN¥237M
Current liabilities	CN¥2.05B	CN¥3.12B	CN¥2.76B	CN¥3.16B	CN¥4.06B	CN¥4.94B	CN¥6.72B	CN¥5.49B	CN¥8.24B	CN¥10.1B
Long-term debt	CN¥194M	CN¥55M	CN¥55M	CN¥52M	CN¥152M	CN¥1.28B	CN¥1.5B	CN¥2.51B	CN¥1.99B	CN¥1.19B
Lease obligations (non-current)	CN¥0	CN¥0	CN¥0	CN¥0	CN¥36.4M	CN¥26.3M	CN¥37.5M	CN¥12.8M	CN¥14M	CN¥59.1M
Deferred revenue (non-current)	CN¥86.4M	CN¥84.5M	CN¥108M	CN¥120M	CN¥173M	CN¥191M	CN¥215M	CN¥196M	CN¥239M	CN¥0
Deferred tax liabilities	CN¥1.67M	CN¥437K	CN¥40.3M	CN¥21.2M	CN¥12M	CN¥17.9M	CN¥75.6M	CN¥52.1M	CN¥45.8M	CN¥53.2M
Other non-current liabilities	CN¥0	CN¥0	CN¥4.07M	CN¥4.4M	CN¥4.72M	CN¥0	CN¥0	CN¥23.8M	CN¥26.6M	CN¥361M
Non-current liabilities	CN¥282M	CN¥140M	CN¥208M	CN¥198M	CN¥378M	CN¥1.52B	CN¥1.82B	CN¥2.8B	CN¥2.31B	CN¥1.66B
Total liabilities	CN¥2.33B	CN¥3.26B	CN¥2.97B	CN¥3.36B	CN¥4.44B	CN¥6.46B	CN¥8.54B	CN¥8.29B	CN¥10.5B	CN¥11.8B
Equity
Common stock & paid-in capital	CN¥891M	CN¥1.01B	CN¥1.01B	CN¥1.01B	CN¥1.01B	CN¥1.01B	CN¥1.01B	CN¥1.01B	CN¥1.01B	CN¥1.01B
Retained earnings	CN¥1.23B	CN¥1.51B	CN¥1.76B	CN¥2.4B	CN¥2.86B	CN¥3.57B	CN¥4.39B	CN¥5.25B	CN¥6.29B	CN¥7.51B
Accumulated other comprehensive income	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥369M
Shareholders' equity	CN¥3.17B	CN¥5.23B	CN¥5.69B	CN¥6.14B	CN¥6.64B	CN¥7.39B	CN¥8.24B	CN¥9.13B	CN¥10.2B	CN¥11.1B
Debt
Total debt (incl. leases)	CN¥399M	CN¥970M	CN¥507M	CN¥692M	CN¥970M	CN¥1.88B	CN¥2.27B	CN¥2.59B	CN¥2.38B	CN¥6.58B
Net debt (debt - cash)	-CN¥585M	-CN¥1.28B	-CN¥1.5B	-CN¥1.94B	-CN¥2.27B	-CN¥1.44B	-CN¥1.08B	-CN¥1.81B	-CN¥2.12B	CN¥2.02B

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