HKG:0520 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	256.52	249.06	362.7	129.37	300.71	920.53
Short-Term Investments	-	30	7.19	-	-	-
Trading Asset Securities	159.05	295.15	454.19	526.74	290.19	-
Cash & Short-Term Investments	415.57	574.21	824.08	656.11	590.9	920.53
Cash Growth	-44.02%	-30.32%	25.60%	11.04%	-35.81%	-16.11%
Accounts Receivable	11.22	20.46	29.25	37.7	17.05	7.21
Other Receivables	209.94	255.74	257.96	326.67	219.17	54.76
Receivables	221.16	276.2	287.21	364.37	236.21	61.96
Inventory	185.61	269.52	289.22	345.54	614.49	598.96
Prepaid Expenses	16.43	27.12	29.32	28.83	24.98	32.18
Restricted Cash	468.86	206.97	87.87	143.69	61.52	66.27
Other Current Assets	16.09	10.85	2.05	1.06	3.75	316.48
Total Current Assets	1,324	1,365	1,520	1,540	1,532	1,996
Property, Plant & Equipment	812.29	985.22	1,436	2,148	2,379	2,691
Long-Term Investments	231.14	229.16	232.83	227.42	149.16	49
Other Intangible Assets	7.41	7.63	7.12	6.6	2.01	2.4
Long-Term Deferred Tax Assets	1.52	1.67	3.05	8.86	73.22	43.02
Other Long-Term Assets	233.93	189.47	148.2	185.4	175.37	169.58
Total Assets	2,610	2,778	3,347	4,116	4,310	4,951

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	112.39	195.04	235.85	269.11	242.73	250.69
Accrued Expenses	344.49	346	414.45	485.6	389.93	500.42
Short-Term Debt	660.3	425.58	380.41	248.58	58.68	75.8
Current Portion of Leases	125.49	220.07	292.36	379.04	493.23	509.49
Current Income Taxes Payable	-	-	-	14.07	35.74	10.11
Current Unearned Revenue	412.37	471.5	428.93	416.49	401.21	317.92
Other Current Liabilities	89	153.55	71.7	71.92	153.02	103.45
Total Current Liabilities	1,744	1,812	1,824	1,885	1,775	1,768
Long-Term Leases	390.06	446.87	618.72	894.02	933.99	1,090
Long-Term Unearned Revenue	3.64	4.09	5.01	5.92	23.76	25.03
Long-Term Deferred Tax Liabilities	-	-	-	-	-	3.96
Other Long-Term Liabilities	45.49	52.94	54.24	61.6	56.42	53.33
Total Liabilities	2,183	2,316	2,502	2,846	2,789	2,940

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	0.18	0.18	0.18	0.18	0.18	0.18
Additional Paid-In Capital	427.91	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	428.08	463.49	774.09	1,201	1,458	1,970
Minority Interest	-1.32	-1.12	70.8	68.6	63.58	41.71
Shareholders' Equity	426.76	462.37	844.89	1,270	1,521	2,011
Total Liabilities & Equity	2,610	2,778	3,347	4,116	4,310	4,951

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	1,176	1,093	1,291	1,522	1,486	1,675
Net Cash (Debt)	-760.29	-518.31	-467.4	-865.53	-895	-754.56
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.72	-0.49	-0.45	-0.83	-0.85	-0.70
Filing Date Shares Outstanding	1,052	1,086	1,083	1,085	1,084	1,082
Total Common Shares Outstanding	1,052	1,086	1,083	1,085	1,084	1,082
Working Capital	-420.34	-446.88	-303.94	-345.22	-242.71	228.5
Book Value Per Share	0.41	0.43	0.71	1.11	1.34	1.82
Tangible Book Value	420.67	455.86	766.97	1,195	1,456	1,967
Tangible Book Value Per Share	0.40	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