HKG:0438 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	822.86	372.37	950.63	408.83	702.1	717.91
Short-Term Investments	57.92	27.16	37.02	-	35.59	57.03
Trading Asset Securities	-	-	0.29	0.25	0.3	0.34
Cash & Short-Term Investments	880.78	399.54	987.95	409.09	737.99	775.28
Cash Growth	-13.79%	-59.56%	141.50%	-44.57%	-4.81%	54.77%
Accounts Receivable	1,885	1,905	1,989	1,624	1,099	970.67
Other Receivables	0.79	0.86	0.07	17.54	0.01	317.55
Receivables	1,886	1,906	1,989	1,641	1,099	1,288
Inventory	318.95	539.79	228.88	356.47	225.84	178.81
Restricted Cash	42.49	51.09	84.43	183.65	-	-
Other Current Assets	166.62	204.18	129.49	115.8	112.01	69.25
Total Current Assets	3,294	3,100	3,420	2,706	2,174	2,312
Property, Plant & Equipment	4,819	4,826	4,644	2,879	2,391	2,409
Long-Term Investments	340.81	403.07	349.91	241.65	328.7	320.66
Other Intangible Assets	161.2	163.46	166.87	171.18	176.03	180.32
Long-Term Deferred Tax Assets	-	0.44	11.7	13.08	23.75	43.86
Long-Term Deferred Charges	23.65	23.59	19.8	15.34	4.9	-
Other Long-Term Assets	252.95	258.74	228.93	351.34	21.94	22.93
Total Assets	8,892	8,775	8,840	6,378	5,120	5,288
Accounts Payable	513.16	670.56	1,427	1,111	1,005	1,211
Accrued Expenses	92.4	93.3	146.35	84.06	99.04	110.4
Short-Term Debt	3,108	2,508	1,381	1,393	973.9	706.3
Current Portion of Long-Term Debt	739.92	905.9	388.4	128.73	204.64	306.62
Current Portion of Leases	45.36	45.49	39.44	0.56	-0.75	-1.52
Current Income Taxes Payable	-	-	2.2	1.35	-	9.16
Current Unearned Revenue	9.93	10.24	11.63	16.7	8.53	69.23
Other Current Liabilities	641.41	1,044	1,188	647.35	369.97	714.29
Total Current Liabilities	5,150	5,278	4,585	3,382	2,660	3,126
Long-Term Debt	2,250	1,649	2,065	1,008	472.4	230.06
Long-Term Leases	224.07	246.3	273.22	0.53	13.47	114.83
Long-Term Unearned Revenue	148.71	124.01	116.03	65.05	62.24	66.91
Pension & Post-Retirement Benefits	-	-	-	-	1.19	3.97
Long-Term Deferred Tax Liabilities	1.33	1.31	1.81	-	-	-
Total Liabilities	7,774	7,299	7,041	4,456	3,209	3,542
Common Stock	176.32	176.32	176.32	176.32	176.32	3,526
Additional Paid-In Capital	546.97	546.97	546.97	546.97	546.97	546.97
Retained Earnings	-3,196	-2,901	-2,525	-2,294	-2,383	-2,537
Comprehensive Income & Other	3,592	3,654	3,601	3,492	3,571	209.63
Total Common Equity	1,119	1,476	1,799	1,922	1,911	1,746
Shareholders' Equity	1,119	1,476	1,799	1,922	1,911	1,746
Total Liabilities & Equity	8,892	8,775	8,840	6,378	5,120	5,288
Total Debt	6,367	5,355	4,148	2,531	1,664	1,356
Net Cash (Debt)	-5,486	-4,956	-3,160	-2,122	-925.66	-581.02
Net Cash Per Share	-31.11	-28.10	-17.92	-12.04	-6.95	-4.36
Filing Date Shares Outstanding	176.32	176.32	176.32	176.32	176.32	176.32
Total Common Shares Outstanding	176.32	176.32	176.32	176.32	176.32	176.32
Working Capital	-1,855	-2,178	-1,165	-675.95	-485.7	-814.41
Book Value Per Share	6.34	8.37	10.20	10.90	10.84	9.90
Tangible Book Value	957.32	1,313	1,632	1,751	1,735	1,566
Tangible Book Value Per Share	5.43	7.45	9.26	9.93	9.84	8.88
Buildings	786.01	786.01	978.74	1,219	970.25	1,025
Machinery	3,115	3,109	2,596	1,813	1,374	1,379
Construction In Progress	1,319	1,165	1,241	441.73	530.67	367.73

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