HKG:0301 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	21.77	61.32	38.18	90.5	17.93
Cash & Short-Term Investments	21.77	61.32	38.18	90.5	17.93
Cash Growth	-64.50%	60.61%	-57.81%	404.83%	-76.77%
Accounts Receivable	82.77	73.04	71.13	54.22	56.81
Other Receivables	17.5	18.76	11.2	28.53	23.6
Receivables	100.27	91.8	82.33	82.75	80.42
Inventory	97.64	90.87	85.7	88.7	97.36
Other Current Assets	93.89	83.49	63.27	52.52	78.56
Total Current Assets	313.57	327.48	269.48	314.47	274.26
Property, Plant & Equipment	560.37	541.67	498.1	466.12	434.62
Long-Term Deferred Tax Assets	2	0.64	0.6	0.5	0.55
Other Long-Term Assets	46.49	5.67	5.15	8.27	8.54
Total Assets	922.42	875.45	773.33	789.36	717.96
Accounts Payable	292.36	259.07	206.98	182.48	204.17
Accrued Expenses	88.14	63.09	57.46	32.58	39.29
Short-Term Debt	-	-	-	5	-
Current Portion of Long-Term Debt	254.96	257.88	123.36	144.96	88.63
Current Portion of Leases	1.8	1.51	1.6	7.37	7.13
Current Income Taxes Payable	11.64	9.56	6.13	3.2	5.29
Current Unearned Revenue	36.5	9.29	9.64	43.5	11.72
Other Current Liabilities	33.18	44.61	22.44	48.93	19.01
Total Current Liabilities	718.58	644.98	427.61	468.02	375.23
Long-Term Debt	-	-	96.83	81.12	84.4
Long-Term Leases	7.35	8.24	9.02	10.43	17.57
Long-Term Unearned Revenue	5.38	5.42	5.46	5.49	5.53
Long-Term Deferred Tax Liabilities	2.49	2.53	2.59	2.66	2.77
Total Liabilities	733.8	661.17	541.5	567.71	485.5
Common Stock	4.19	4.19	4.18	3.79	3.79
Additional Paid-In Capital	64.83	64.83	64.59	64.98	75.93
Retained Earnings	-3.77	40.45	67.75	75.95	80.72
Comprehensive Income & Other	123.37	104.82	95.27	76.93	72.02
Total Common Equity	188.63	214.28	231.79	221.65	232.46
Minority Interest	-	-	0.04	-	-
Shareholders' Equity	188.63	214.28	231.83	221.65	232.46
Total Liabilities & Equity	922.42	875.45	773.33	789.36	717.96
Total Debt	264.12	267.62	230.8	248.87	197.72
Net Cash (Debt)	-242.35	-206.31	-192.62	-158.37	-179.79
Net Cash Per Share	-0.52	-0.44	-0.41	-0.34	-0.38
Filing Date Shares Outstanding	470.46	470.46	470.25	470.25	470.25
Total Common Shares Outstanding	470.46	470.46	470.25	470.25	470.25
Working Capital	-405.01	-317.51	-158.14	-153.55	-100.97
Book Value Per Share	0.40	0.46	0.49	0.47	0.49
Tangible Book Value	188.63	214.28	231.79	221.65	232.46
Tangible Book Value Per Share	0.40	0.46	0.49	0.47	0.49
Buildings	157.4	147.21	57.03	56.63	55.84
Machinery	149.49	142.55	94.49	83.73	72.61
Construction In Progress	234.9	206.98	271.61	214.31	181.06
Leasehold Improvements	1.71	1.71	1.71	1.71	1.63

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