HKG:0999 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	297.79	616.66	620.15	63	20.37
Short-Term Investments	20	223.36	-	-	-
Trading Asset Securities	1,170	788.28	-	5	19.5
Cash & Short-Term Investments	1,487	1,628	620.15	68	39.87
Cash Growth	-8.65%	162.56%	811.98%	70.55%	-
Accounts Receivable	33.65	30.73	33.71	27.07	17.28
Other Receivables	122.13	97.42	102.32	71.01	32.52
Receivables	155.78	128.15	136.03	98.08	49.8
Inventory	111.06	109.57	104.9	84.77	58.09
Prepaid Expenses	116.44	173.72	134.11	87.36	75.83
Restricted Cash	-	-	25	13	6
Total Current Assets	1,871	2,040	1,020	351.21	229.59
Property, Plant & Equipment	1,745	1,488	1,277	918.65	935.45
Long-Term Investments	110	-	-	-	-
Other Intangible Assets	1.83	2.51	2.91	3.22	4.23
Long-Term Deferred Tax Assets	18.51	16.4	-	-	-
Other Long-Term Assets	51.21	41.42	39.77	30.06	30.66
Total Assets	3,798	3,588	2,340	1,303	1,200
Accounts Payable	53.63	56.93	81.58	65.26	87.46
Accrued Expenses	105.87	108.13	116.75	85.1	81.08
Short-Term Debt	100	-	50	113.44	39.46
Current Portion of Leases	246.79	223.83	192.17	154.43	145.1
Current Income Taxes Payable	59.12	77.02	70.53	24.09	32.94
Current Unearned Revenue	68.5	77.33	67.86	57.8	48.4
Other Current Liabilities	82.29	63.43	82.15	82.58	263.26
Total Current Liabilities	716.2	606.69	661.03	582.69	697.71
Long-Term Leases	604.28	586.64	518.96	352.31	377.13
Long-Term Unearned Revenue	3.24	-	-	-	-
Long-Term Deferred Tax Liabilities	-	-	10.14	23.12	4.47
Other Long-Term Liabilities	33.77	29.16	526.85	20.14	18.12
Total Liabilities	1,357	1,222	1,717	978.25	1,097
Common Stock	0.08	0.08	0.06	0.32	0.32
Additional Paid-In Capital	872.25	1,247	-	-	-
Retained Earnings	1,349	883.14	490.02	93.23	-129.12
Comprehensive Income & Other	218.93	234.95	133.01	231.33	231.3
Shareholders' Equity	2,440	2,365	623.09	324.89	102.51
Total Liabilities & Equity	3,798	3,588	2,340	1,303	1,200
Total Debt	951.07	810.47	761.13	620.17	561.69
Net Cash (Debt)	536.41	817.83	-140.98	-552.17	-521.82
Net Cash Growth	-34.41%	-	-	-	-
Net Cash Per Share	0.46	0.81	-0.14	-	-
Filing Date Shares Outstanding	1,177	1,177	-	-	-
Total Common Shares Outstanding	1,177	1,177	-	-	-
Working Capital	1,155	1,433	359.15	-231.48	-468.12
Book Value Per Share	2.07	2.01	-	-	-
Tangible Book Value	2,438	2,363	620.18	321.67	98.28
Tangible Book Value Per Share	2.07	2.01	-	-	-
Buildings	64.51	64.51	64.51	64.51	14.32
Machinery	493.55	408.92	304.56	201.73	159.81
Construction In Progress	235.88	65.19	66.37	26.85	56.68
Leasehold Improvements	756.64	656.87	504.83	389.34	335.35

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