HKG:0520 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	249.06	362.7	129.37	300.71	920.53
Short-Term Investments	30	7.19	-	-	-
Trading Asset Securities	295.15	454.19	526.74	290.19	-
Cash & Short-Term Investments	574.21	824.08	656.11	590.9	920.53
Cash Growth	-30.32%	25.60%	11.04%	-35.81%	-16.11%
Accounts Receivable	313.28	29.25	37.7	17.05	7.21
Other Receivables	0.88	257.96	326.67	219.17	54.76
Receivables	314.16	287.21	364.37	236.21	61.96
Inventory	269.52	289.22	345.54	614.49	598.96
Prepaid Expenses	-	29.32	28.83	24.98	32.18
Restricted Cash	206.97	87.87	143.69	61.52	66.27
Other Current Assets	-	2.05	1.06	3.75	316.48
Total Current Assets	1,365	1,520	1,540	1,532	1,996
Property, Plant & Equipment	985.22	1,436	2,148	2,379	2,691
Long-Term Investments	229.16	232.83	227.42	149.16	49
Other Intangible Assets	7.63	7.12	6.6	2.01	2.4
Long-Term Accounts Receivable	57.19	-	-	-	-
Long-Term Deferred Tax Assets	1.67	3.05	8.86	73.22	43.02
Other Long-Term Assets	132.28	148.2	185.4	175.37	169.58
Total Assets	2,778	3,347	4,116	4,310	4,951
Accounts Payable	195.04	235.85	269.11	242.73	250.69
Accrued Expenses	499.55	414.45	485.6	389.93	500.42
Short-Term Debt	425.58	380.41	248.58	58.68	75.8
Current Portion of Leases	220.07	292.36	379.04	493.23	509.49
Current Income Taxes Payable	-	-	14.07	35.74	10.11
Current Unearned Revenue	471.5	428.93	416.49	401.21	317.92
Other Current Liabilities	-	71.7	71.92	153.02	103.45
Total Current Liabilities	1,812	1,824	1,885	1,775	1,768
Long-Term Leases	446.87	618.72	894.02	933.99	1,090
Long-Term Unearned Revenue	4.09	5.01	5.92	23.76	25.03
Long-Term Deferred Tax Liabilities	-	-	-	-	3.96
Other Long-Term Liabilities	52.94	54.24	61.6	56.42	53.33
Total Liabilities	2,316	2,502	2,846	2,789	2,940
Common Stock	0.18	0.18	0.18	0.18	0.18
Additional Paid-In Capital	463.31	280.16	307.89	364.32	418.61
Retained Earnings	-	642.59	1,043	1,243	1,596
Treasury Stock	-	-155.69	-158.48	-161.99	-63.72
Comprehensive Income & Other	-	6.86	8.48	12.61	18.73
Total Common Equity	463.49	774.09	1,201	1,458	1,970
Minority Interest	-1.12	70.8	68.6	63.58	41.71
Shareholders' Equity	462.37	844.89	1,270	1,521	2,011
Total Liabilities & Equity	2,778	3,347	4,116	4,310	4,951
Total Debt	1,093	1,291	1,522	1,486	1,675
Net Cash (Debt)	-518.31	-467.4	-865.53	-895	-754.56
Net Cash Per Share	-0.49	-0.45	-0.83	-0.85	-0.70
Filing Date Shares Outstanding	1,055	1,083	1,085	1,084	1,082
Total Common Shares Outstanding	1,055	1,083	1,085	1,084	1,082
Working Capital	-446.88	-303.94	-345.22	-242.71	228.5
Book Value Per Share	0.44	0.71	1.11	1.34	1.82
Tangible Book Value	455.86	766.97	1,195	1,456	1,967
Tangible Book Value Per Share	0.43	0.71	1.10	1.34	1.82
Buildings	-	150.64	106.76	106.76	105.41
Machinery	-	290.33	331.06	305	303.87
Construction In Progress	-	21.14	106.13	133.61	98.48
Leasehold Improvements	-	2,156	2,497	2,301	2,162

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