HKG:0154 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,608	1,351	1,210	2,374	1,286
Accounts Receivable	1,050	976.53	1,163	899.27	879.44
Inventory	30.91	36.13	42.99	42.09	38.36
Prepaid Expenses	285.37	273.26	276.97	260.34	213.22
Other Current Assets	303.18	303.17	302.17	0.48	4.55
Total Current Assets	3,277	2,940	2,995	3,576	2,422
Property, Plant & Equipment	533.34	559.19	611.62	947.04	933.34
Goodwill	1,010	1,033	1,010	987.85	914.51
Other Intangible Assets	2,886	2,916	2,771	2,789	2,482
Long-Term Investments	-	-	-	5.85	5.42
Long-Term Deferred Tax Assets	165.91	166.03	159.68	50.72	50.54
Long-Term Accounts Receivable	2,306	2,395	2,349	2,214	2,069
Other Long-Term Assets	0.22	0.26	0.56	0.39	20.38
Total Assets	10,180	10,009	9,897	10,571	8,897
Accounts Payable	485.46	618.66	860.38	676.42	600.46
Accrued Expenses	208	-	-	147.38	982.78
Short-Term Debt	-	-	39.2	39.2	31.49
Current Portion of Long-Term Debt	2,616	2,614	2,675	248.59	2,340
Current Unearned Revenue	-	-	-	67.19	39.97
Current Portion of Leases	-	6.19	5.86	12.04	5.72
Current Income Taxes Payable	76.63	81.1	101.66	81.89	64.93
Other Current Liabilities	259.59	362.65	390.6	112.64	63.16
Total Current Liabilities	3,646	3,682	4,073	1,385	4,129
Long-Term Debt	1,912	1,967	1,722	5,352	1,185
Long-Term Leases	1.82	8.64	16.95	24.95	6.49
Long-Term Unearned Revenue	145.73	149.18	154.41	153.5	120.74
Long-Term Deferred Tax Liabilities	266.46	269.72	262.27	204.57	191.43
Other Long-Term Liabilities	16.74	15.58	12.93	10.75	9.15
Total Liabilities	5,989	6,093	6,241	7,131	5,642
Common Stock	1,973	1,973	1,973	1,973	1,815
Retained Earnings	-	1,576	1,290	1,099	965.77
Comprehensive Income & Other	1,893	64.31	66.65	50.83	136.47
Total Common Equity	3,866	3,613	3,329	3,123	2,917
Minority Interest	324.72	303.24	326.93	317.57	337.88
Shareholders' Equity	4,191	3,916	3,656	3,440	3,255
Total Liabilities & Equity	10,180	10,009	9,897	10,571	8,897
Total Debt	4,530	4,596	4,459	5,676	3,569
Net Cash (Debt)	-2,922	-3,245	-3,249	-3,303	-2,283
Net Cash Per Share	-1.95	-2.16	-2.17	-2.20	-0.73
Filing Date Shares Outstanding	1,500	1,500	1,500	1,500	1,500
Total Common Shares Outstanding	1,500	1,500	1,500	1,500	1,500
Working Capital	-368.69	-742.43	-1,078	2,190	-1,707
Book Value Per Share	2.58	2.41	2.22	2.08	1.94
Tangible Book Value	-30.57	-335.24	-451.87	-654.33	-479.62
Tangible Book Value Per Share	-0.02	-0.22	-0.30	-0.44	-0.32
Buildings	-	361.39	366.36	441.59	437.97
Machinery	-	415.73	422.69	746.3	730.77
Construction In Progress	-	-	-	46.54	23.85

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