HKG:0438 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	322.33	372.37	950.63	408.83	702.1
Short-Term Investments	-	27.16	37.02	-	35.59
Trading Asset Securities	-	-	0.29	0.25	0.3
Cash & Short-Term Investments	322.33	399.54	987.95	409.09	737.99
Cash Growth	-19.32%	-59.56%	141.50%	-44.57%	-4.81%
Accounts Receivable	2,012	1,905	1,989	1,624	1,099
Other Receivables	29.51	0.86	0.07	17.54	0.01
Receivables	2,042	1,906	1,989	1,641	1,099
Inventory	315.36	539.79	228.88	356.47	225.84
Restricted Cash	-	51.09	84.43	183.65	-
Other Current Assets	169.45	204.18	129.49	115.8	112.01
Total Current Assets	2,849	3,100	3,420	2,706	2,174
Property, Plant & Equipment	4,755	4,826	4,644	2,879	2,391
Long-Term Investments	328.63	403.07	349.91	241.65	328.7
Other Intangible Assets	160.32	163.46	166.87	171.18	176.03
Long-Term Deferred Tax Assets	-	0.44	11.7	13.08	23.75
Long-Term Deferred Charges	21.04	23.59	19.8	15.34	4.9
Other Long-Term Assets	200	258.74	228.93	351.34	21.94
Total Assets	8,313	8,775	8,840	6,378	5,120
Accounts Payable	1,060	670.56	1,427	1,111	1,005
Accrued Expenses	23.41	93.3	146.35	84.06	99.04
Short-Term Debt	2,536	2,508	1,381	1,393	973.9
Current Portion of Long-Term Debt	-	905.9	388.4	128.73	204.64
Current Portion of Leases	-	45.49	39.44	0.56	-0.75
Current Income Taxes Payable	-	-	2.2	1.35	-
Current Unearned Revenue	1.33	10.24	11.63	16.7	8.53
Other Current Liabilities	1,268	1,044	1,188	647.35	369.97
Total Current Liabilities	4,889	5,278	4,585	3,382	2,660
Long-Term Debt	2,239	1,649	2,065	1,008	472.4
Long-Term Leases	202.82	246.3	273.22	0.53	13.47
Long-Term Unearned Revenue	140.16	124.01	116.03	65.05	62.24
Pension & Post-Retirement Benefits	-	-	-	-	1.19
Long-Term Deferred Tax Liabilities	0.98	1.31	1.81	-	-
Total Liabilities	7,472	7,299	7,041	4,456	3,209
Common Stock	176.32	176.32	176.32	176.32	176.32
Additional Paid-In Capital	-	546.97	546.97	546.97	546.97
Retained Earnings	-3,461	-2,901	-2,525	-2,294	-2,383
Comprehensive Income & Other	4,126	3,654	3,601	3,492	3,571
Total Common Equity	841.71	1,476	1,799	1,922	1,911
Shareholders' Equity	841.71	1,476	1,799	1,922	1,911
Total Liabilities & Equity	8,313	8,775	8,840	6,378	5,120
Total Debt	4,978	5,355	4,148	2,531	1,664
Net Cash (Debt)	-4,656	-4,956	-3,160	-2,122	-925.66
Net Cash Per Share	-	-28.10	-17.92	-12.04	-6.95
Filing Date Shares Outstanding	-	176.32	176.32	176.32	176.32
Total Common Shares Outstanding	-	176.32	176.32	176.32	176.32
Working Capital	-2,040	-2,178	-1,165	-675.95	-485.7
Book Value Per Share	-	8.37	10.20	10.90	10.84
Tangible Book Value	681.39	1,313	1,632	1,751	1,735
Tangible Book Value Per Share	-	7.45	9.26	9.93	9.84
Buildings	-	786.01	978.74	1,219	970.25
Machinery	-	3,109	2,596	1,813	1,374
Construction In Progress	-	1,165	1,241	441.73	530.67

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