HKG:1525 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	392.08	300.4	506.11	617.52	488.74
Short-Term Investments	-	30	-	-	-
Trading Asset Securities	55.03	473.17	340.52	-	-
Cash & Short-Term Investments	447.11	803.57	846.62	617.52	488.74
Cash Growth	-44.36%	-5.09%	37.10%	26.35%	-31.61%
Accounts Receivable	9.04	11.75	9.59	9.2	5.36
Other Receivables	-	-	6.38	8.32	3.82
Receivables	9.04	11.75	22.17	23.72	9.18
Inventory	-	-	-	0.11	-
Restricted Cash	-	8.37	-	-	-
Other Current Assets	8.5	6.88	2.36	113.55	3.88
Total Current Assets	464.65	830.57	871.15	754.9	501.8
Property, Plant & Equipment	2,974	2,999	2,924	2,701	2,682
Long-Term Investments	203.7	131.04	-	1.09	0.32
Other Intangible Assets	8.61	7.79	4.85	0.75	1.03
Long-Term Deferred Tax Assets	1.06	0.15	0.13	0.09	0.1
Other Long-Term Assets	4.17	7.02	2.26	4.33	48.42
Total Assets	3,656	3,975	3,803	3,474	3,243
Accrued Expenses	53.68	60.42	63.22	54.44	44.41
Current Portion of Long-Term Debt	30	163	72.65	50	42
Current Portion of Leases	0.88	0.85	1.25	-	-
Current Income Taxes Payable	47.56	48.96	90.99	78.39	64.49
Current Unearned Revenue	555.64	515.8	512.21	479.62	401.55
Other Current Liabilities	218.47	189.98	196.56	122.17	106.32
Total Current Liabilities	906.24	978.99	936.89	784.61	658.77
Long-Term Debt	250.42	666.93	686.77	724.4	742.28
Long-Term Leases	0.91	1.79	1.25	-	-
Long-Term Unearned Revenue	2.22	2.81	7.75	4.58	13.51
Long-Term Deferred Tax Liabilities	11.68	7.62	-	-	-
Total Liabilities	1,171	1,658	1,633	1,514	1,415
Common Stock	3.68	3.68	3.68	3.68	3.68
Additional Paid-In Capital	-	460.16	532.29	604.52	674.27
Retained Earnings	-	1,935	1,711	1,428	1,203
Comprehensive Income & Other	2,481	-81.21	-77.03	-74.88	-52.3
Shareholders' Equity	2,485	2,317	2,170	1,961	1,828
Total Liabilities & Equity	3,656	3,975	3,803	3,474	3,243
Total Debt	282.2	832.56	761.93	774.4	784.28
Net Cash (Debt)	164.91	-28.99	84.69	-156.88	-295.55
Net Cash Per Share	0.42	-0.07	0.21	-0.39	-0.72
Filing Date Shares Outstanding	394.5	394.5	395.4	415	415
Total Common Shares Outstanding	394.5	394.5	395.4	415	415
Working Capital	-441.59	-148.43	-65.75	-29.72	-156.97
Book Value Per Share	6.30	5.87	5.49	4.72	4.41
Tangible Book Value	2,476	2,309	2,165	1,960	1,827
Tangible Book Value Per Share	6.28	5.85	5.48	4.72	4.40
Buildings	-	2,780	2,325	2,312	1,975
Machinery	-	179.14	161.36	143.58	136.63
Construction In Progress	-	-	284.54	0.9	259.72

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