HKG:0954 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	58.58	57.96	89.55	59.99	58.63	134.34
Short-Term Investments	7.88	16.6	7	3.64	-	-
Cash & Short-Term Investments	66.46	74.57	96.56	63.63	58.63	134.34
Cash Growth	-7.65%	-22.78%	51.75%	8.53%	-56.36%	11.75%
Accounts Receivable	68.6	63	87.94	75.42	87.84	69.54
Other Receivables	16.28	11.41	13.87	42.15	27.38	17.68
Receivables	84.88	74.41	101.8	117.57	115.22	87.22
Inventory	136.39	143.35	132.08	160.91	122.9	125.54
Prepaid Expenses	-	5.35	6.27	-	-	-
Restricted Cash	3.82	1.11	1.61	12.34	14.75	15.21
Other Current Assets	-	0.01	-	7.59	5.53	46.9
Total Current Assets	291.56	298.79	338.32	362.05	317.03	409.22
Property, Plant & Equipment	910.64	924.98	865.86	773.42	597.56	401.32
Other Intangible Assets	0.44	0.51	0.64	0.77	1.02	1.04
Long-Term Deferred Tax Assets	0.15	0.22	0.68	24.65	20.49	25.97
Other Long-Term Assets	26.91	25.26	37	45.86	20.42	9.78
Total Assets	1,230	1,250	1,242	1,207	956.52	847.33
Accounts Payable	49.72	28.7	30.77	66.54	95.81	78.71
Accrued Expenses	-	10.54	13.06	21.04	8.38	10.62
Short-Term Debt	242.94	232.11	187.55	103.9	78.4	0.5
Current Portion of Long-Term Debt	245.02	282.63	54.65	33.64	8.5	-
Current Portion of Leases	0.41	0.68	0.96	0.68	0.58	0.31
Current Income Taxes Payable	-	-	-	3.31	6.4	-
Current Unearned Revenue	46.38	7.52	5.16	6.28	8.36	2.42
Other Current Liabilities	-	42.38	33.09	38.63	50.3	103.79
Total Current Liabilities	584.48	604.55	325.24	274.02	256.71	196.33
Long-Term Debt	46.9	20.3	250.41	152.07	1.5	-
Long-Term Leases	0.43	0.42	1.07	1.21	0.27	-
Long-Term Unearned Revenue	39.82	40.47	13.58	0.04	0.06	0.71
Long-Term Deferred Tax Liabilities	0.72	0.68	0.6	0.53	0.45	0.37
Total Liabilities	672.34	666.42	590.91	427.86	258.99	197.41
Common Stock	52.97	52.97	52.97	52.97	52.97	52.97
Additional Paid-In Capital	102.56	102.56	102.56	102.56	102.56	102.56
Retained Earnings	399.14	426.29	494.65	622.54	541.11	493.39
Comprehensive Income & Other	2.99	1.63	1.51	0.47	0.46	0.46
Total Common Equity	557.66	583.45	651.69	778.53	697.1	649.38
Minority Interest	-0.3	-0.11	-0.1	0.36	0.43	0.54
Shareholders' Equity	557.35	583.34	651.59	778.89	697.53	649.92
Total Liabilities & Equity	1,230	1,250	1,242	1,207	956.52	847.33
Total Debt	535.7	536.13	494.65	291.5	89.26	0.81
Net Cash (Debt)	-469.24	-461.57	-398.09	-227.87	-30.63	133.54
Net Cash Growth	-	-	-	-	-	35.20%
Net Cash Per Share	-0.89	-0.87	-0.75	-0.43	-0.06	0.25
Filing Date Shares Outstanding	529.7	529.7	529.7	529.7	529.7	529.7
Total Common Shares Outstanding	529.7	529.7	529.7	529.7	529.7	529.7
Working Capital	-292.92	-305.76	13.08	88.03	60.31	212.88
Book Value Per Share	1.05	1.10	1.23	1.47	1.32	1.23
Tangible Book Value	557.22	582.94	651.05	777.76	696.08	648.34
Tangible Book Value Per Share	1.05	1.10	1.23	1.47	1.31	1.22
Buildings	-	401.76	289.52	273.77	210.9	174.81
Machinery	-	640.92	543.86	482.6	399.21	444.63
Construction In Progress	-	230.34	339.05	250.54	211.16	140.54

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.