HKG:1280 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	36.15	27.68	162.3	8.36	14.62
Short-Term Investments	-	1.53	2.64	0.86	0.65
Cash & Short-Term Investments	36.15	29.2	164.94	9.21	15.27
Cash Growth	23.79%	-82.30%	1690.12%	-39.66%	-59.03%
Accounts Receivable	70.08	8.4	3.76	3.96	6.77
Other Receivables	-	2.54	1.33	1.72	21.33
Receivables	70.08	10.93	5.09	5.68	28.1
Inventory	35.78	44.88	56.39	41.65	51.47
Other Current Assets	58.63	50.35	41.08	44.38	36.34
Total Current Assets	200.63	135.37	267.51	100.92	131.17
Property, Plant & Equipment	16.66	26.86	21.97	103.17	194.6
Long-Term Investments	0.06	0.71	-	0.6	0.6
Goodwill	238.6	301.63	-	-	-
Other Intangible Assets	42.74	-	-	0.72	1.04
Long-Term Deferred Tax Assets	1.36	4.1	-	-	-
Other Long-Term Assets	-	-	24.19	33.04	33.06
Total Assets	500.06	596.13	313.66	238.44	360.47
Accounts Payable	39.13	33.56	36.56	123.82	127.72
Accrued Expenses	58.18	35.25	66.98	29.55	30.27
Current Portion of Long-Term Debt	1.45	9.48	-	8.89	135.05
Current Portion of Leases	6.43	8.89	10.43	10.58	16.78
Current Unearned Revenue	83.25	71.67	48.48	19.12	19.28
Other Current Liabilities	61.08	95.45	84.52	75.12	65.04
Total Current Liabilities	249.51	254.3	246.97	267.06	394.14
Long-Term Debt	74.21	100.29	471.19	433.35	270.63
Long-Term Leases	7.5	10.59	11.32	8.43	28.11
Long-Term Deferred Tax Liabilities	11.41	0.26	-	-	-
Other Long-Term Liabilities	20.99	20.44	0.28	0.31	0.49
Total Liabilities	363.61	385.88	729.76	709.15	693.37
Common Stock	270.91	253.13	29.17	29.17	29.17
Additional Paid-In Capital	-	4,509	1,885	1,885	1,885
Retained Earnings	-	-4,624	-2,402	-2,458	-2,322
Comprehensive Income & Other	-135.97	61.04	55.4	55.4	55.4
Total Common Equity	134.94	198.88	-432.65	-488.5	-351.74
Minority Interest	1.51	11.37	16.55	17.79	18.84
Shareholders' Equity	136.45	210.25	-416.1	-470.72	-332.89
Total Liabilities & Equity	500.06	596.13	313.66	238.44	360.47
Total Debt	89.58	129.25	492.94	461.24	450.57
Net Cash (Debt)	-53.43	-100.05	-328	-452.03	-435.3
Net Cash Per Share	-0.03	-0.11	-1.50	-2.06	-2.13
Filing Date Shares Outstanding	1,931	1,806	219.28	219.28	219.28
Total Common Shares Outstanding	1,931	1,806	219.28	219.28	219.28
Working Capital	-48.88	-118.94	20.53	-166.15	-262.97
Book Value Per Share	0.07	0.11	-1.97	-2.23	-1.60
Tangible Book Value	-146.4	-102.74	-432.65	-489.22	-352.77
Tangible Book Value Per Share	-0.08	-0.06	-1.97	-2.23	-1.61
Buildings	-	6.14	8.55	125.59	177.03
Machinery	-	3.53	2.18	12.95	25.95
Construction In Progress	-	0.09	-	-	-
Leasehold Improvements	-	-	-	4.22	4.22

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