HKG:0520 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

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	20.46	29.25	37.7	17.05	7.21
Other Receivables	255.74	257.96	326.67	219.17	54.76
Receivables	276.2	287.21	364.37	236.21	61.96
Inventory	269.52	289.22	345.54	614.49	598.96
Prepaid Expenses	27.12	29.32	28.83	24.98	32.18
Restricted Cash	206.97	87.87	143.69	61.52	66.27
Other Current Assets	10.85	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 Deferred Tax Assets	1.67	3.05	8.86	73.22	43.02
Other Long-Term Assets	189.47	148.2	185.4	175.37	169.58
Total Assets	2,778	3,347	4,116	4,310	4,951

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
Accounts Payable	195.04	235.85	269.11	242.73	250.69
Accrued Expenses	346	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	153.55	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

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
Common Stock	0.18	0.18	0.18	0.18	0.18
Additional Paid-In Capital	265.11	280.16	307.89	364.32	418.61
Retained Earnings	342.04	642.59	1,043	1,243	1,596
Treasury Stock	-147.72	-155.69	-158.48	-161.99	-63.72
Comprehensive Income & Other	3.88	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

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
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 Growth	-	-	-	-	-
Net Cash Per Share	-0.49	-0.45	-0.83	-0.85	-0.70
Filing Date Shares Outstanding	1,086	1,083	1,085	1,084	1,082
Total Common Shares Outstanding	1,086	1,083	1,085	1,084	1,082
Working Capital	-446.88	-303.94	-345.22	-242.71	228.5
Book Value Per Share	0.43	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	0.42	0.71	1.10	1.34	1.82
Buildings	150.64	150.64	106.76	106.76	105.41
Machinery	249.31	290.33	331.06	305	303.87
Construction In Progress	16.86	21.14	106.13	133.61	98.48
Leasehold Improvements	1,947	2,156	2,497	2,301	2,162