HKG:0412 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	7,439	5,221	4,308	5,202	3,885	1,087
Short-Term Investments	4,403	3,180	4,852	3,866	4,460	2,887
Trading Asset Securities	3,222	3,282	1,365	1,009	2,365	4,031
Cash & Short-Term Investments	15,065	11,684	10,525	10,076	10,710	8,005
Cash Growth	36.46%	11.01%	4.46%	-5.92%	33.79%	-29.65%
Accounts Receivable	8,196	9,128	9,766	9,168	8,795	594.08
Other Receivables	640.71	624.6	649.44	445.97	345.04	217.99
Receivables	11,109	11,400	12,882	12,972	11,538	3,222
Inventory	30.26	33.7	44.69	64.96	84.04	-
Prepaid Expenses	1,034	1,264	849.37	574.62	667.05	74.59
Restricted Cash	255.79	116.29	411.11	259.72	190.78	2.96
Other Current Assets	349.76	463.8	453.98	800.45	1,361	1,023
Total Current Assets	27,844	24,962	25,166	24,749	24,551	12,327
Property, Plant & Equipment	24,753	24,408	24,718	25,363	22,211	84.9
Long-Term Investments	7,378	7,696	8,010	8,284	4,686	3,728
Goodwill	-	654.74	689.74	680.41	611.53	575.99
Other Intangible Assets	4,139	3,620	3,851	4,060	2,163	346.61
Long-Term Accounts Receivable	-	-	-	-	26.46	298.98
Long-Term Deferred Tax Assets	802.75	793.12	806.51	695.68	435.51	12.2
Other Long-Term Assets	1,673	1,706	1,391	1,623	5,419	725.06
Total Assets	68,585	65,931	66,174	66,188	60,997	18,697

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Accounts Payable	1,111	1,008	890.34	1,351	1,718	-
Current Portion of Long-Term Debt	20,162	15,827	17,164	15,433	11,894	8,459
Current Portion of Leases	177.3	229.69	390.07	611.1	475.1	12.77
Current Income Taxes Payable	121.48	188.54	143.94	176.81	189.65	1.42
Other Current Liabilities	3,330	1,661	1,962	1,627	1,913	162.15
Total Current Liabilities	24,902	18,915	20,550	19,200	16,189	8,636
Long-Term Debt	24,961	28,082	25,876	26,217	26,839	2,903
Long-Term Leases	1,130	1,152	1,541	3,105	2,588	25.42
Long-Term Deferred Tax Liabilities	387.89	405.77	440.81	463.66	217.38	98.1
Other Long-Term Liabilities	-	-	9.3	9.03	1,387	18.45
Total Liabilities	51,380	48,554	48,416	48,994	47,220	11,681

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Common Stock	5.33	5.33	5.33	5.33	5.32	4.91
Additional Paid-In Capital	-	5,403	5,403	5,403	5,405	4,986
Retained Earnings	-	-5,958	-5,366	-5,354	-3,658	-3,020
Treasury Stock	-	-20.69	-	-	-	-
Comprehensive Income & Other	5,168	6,041	6,069	5,513	4,501	4,976
Total Common Equity	5,173	5,470	6,111	5,567	6,252	6,946
Minority Interest	12,031	11,906	11,647	11,626	7,524	69.87
Shareholders' Equity	17,204	17,377	17,758	17,194	13,777	7,016
Total Liabilities & Equity	68,585	65,931	66,174	66,188	60,997	18,697

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Total Debt	46,430	45,291	44,970	45,366	41,796	11,401
Net Cash (Debt)	-31,365	-33,607	-34,445	-35,290	-31,086	-3,395
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-5.21	-5.58	-5.72	-5.86	-5.16	-0.56
Filing Date Shares Outstanding	6,016	6,016	6,019	6,019	6,019	6,022
Total Common Shares Outstanding	6,016	6,016	6,019	6,019	6,019	6,022
Working Capital	2,942	6,047	4,616	5,549	8,362	3,691
Book Value Per Share	-0.16	-0.11	0.00	-0.15	-0.01	0.19
Tangible Book Value	1,034	1,195	1,570	826.81	3,478	6,024
Tangible Book Value Per Share	-0.84	-0.82	-0.75	-0.94	-0.47	0.04
Buildings	-	1,355	1,308	906.8	370.67	44.83
Machinery	-	24,383	23,236	21,529	17,402	13.95
Construction In Progress	-	887.03	511.92	396.96	810.23	-
Leasehold Improvements	-	26.27	26.17	25.07	13.59	14.65