HKG:0548 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	5,153	2,909	2,152	3,636	5,949
Short-Term Investments	462.71	374.28	204.39	-	-
Trading Asset Securities	2,557	129.82	468.79	1,112	564.02
Cash & Short-Term Investments	8,173	3,413	2,826	4,748	6,513
Cash Growth	139.49%	20.78%	-40.49%	-27.10%	17.36%
Accounts Receivable	1,778	1,501	1,618	1,577	1,537
Other Receivables	1,404	1,099	602.22	1,174	1,157
Receivables	3,181	2,600	2,220	2,751	2,693
Inventory	923.16	1,095	1,356	1,314	1,339
Prepaid Expenses	15.05	46.08	24.13	17.66	13.44
Other Current Assets	295.86	489.54	526.06	465.65	724.05
Total Current Assets	12,588	7,644	6,952	9,297	11,282
Property, Plant & Equipment	7,103	7,517	7,685	7,511	7,856
Long-Term Investments	19,655	19,755	18,716	18,512	19,847
Goodwill	-	202.89	202.89	202.89	248.93
Other Intangible Assets	24,921	24,844	26,809	26,848	27,091
Long-Term Accounts Receivable	1,762	2,839	3,698	3,659	2,484
Long-Term Deferred Tax Assets	106.47	130.38	271.45	426.64	451.23
Long-Term Deferred Charges	0.83	22.85	45.31	59.13	79.74
Other Long-Term Assets	5,151	4,603	3,128	2,689	2,964
Total Assets	71,289	67,558	67,507	69,205	72,305
Accounts Payable	3,204	3,858	2,678	3,042	2,589
Accrued Expenses	716.24	757.01	784.66	869.6	888.56
Short-Term Debt	4,873	5,590	12,618	11,413	4,121
Current Portion of Long-Term Debt	6,368	2,528	2,358	6,327	4,913
Current Portion of Leases	15.04	15.81	34.23	53.52	62.03
Current Income Taxes Payable	195.73	156.53	238.06	185.52	250.16
Current Unearned Revenue	57.05	65.79	70.43	36.31	232.08
Other Current Liabilities	1,370	1,203	1,045	1,317	3,635
Total Current Liabilities	16,799	14,175	19,826	23,243	16,690
Long-Term Debt	20,808	24,494	17,527	16,212	21,114
Long-Term Leases	14.52	15.9	152.36	326.77	762.51
Long-Term Unearned Revenue	230.91	297.04	388.68	474.34	557.48
Long-Term Deferred Tax Liabilities	809.28	859.18	1,148	1,281	1,287
Other Long-Term Liabilities	574.28	514.97	465.44	303.05	361.51
Total Liabilities	39,237	40,356	39,509	41,841	40,772
Common Stock	2,538	2,181	2,181	2,181	2,181
Additional Paid-In Capital	8,683	4,392	4,389	4,391	8,864
Retained Earnings	12,526	12,093	12,330	11,185	10,089
Comprehensive Income & Other	3,284	3,237	3,458	3,592	4,427
Total Common Equity	27,031	21,904	22,358	21,348	25,561
Minority Interest	5,021	5,298	5,641	6,016	5,972
Shareholders' Equity	32,052	27,202	27,999	27,364	31,533
Total Liabilities & Equity	71,289	67,558	67,507	69,205	72,305
Total Debt	32,079	32,644	32,690	34,332	30,972
Net Cash (Debt)	-23,906	-29,232	-29,864	-29,584	-24,459
Net Cash Per Share	-8.92	-11.26	-12.60	-12.31	-10.42
Filing Date Shares Outstanding	2,538	2,181	2,181	2,181	2,181
Total Common Shares Outstanding	2,538	2,181	2,181	2,181	2,181
Working Capital	-4,211	-6,531	-12,875	-13,946	-5,408
Book Value Per Share	9.08	8.21	8.42	7.96	11.72
Tangible Book Value	2,110	-3,143	-4,654	-5,702	-1,779
Tangible Book Value Per Share	-0.74	-3.28	-3.97	-4.45	-0.82
Buildings	3,748	3,768	3,282	2,901	1,217
Machinery	6,697	4,939	4,881	4,696	6,194
Construction In Progress	119.01	84.9	289.69	225.7	1,780

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