HKG:1532 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	68.31	63.59	49.46	47.55	99.66
Short-Term Investments	3.15	3.58	1.04	3.2	1.38
Cash & Short-Term Investments	71.45	67.17	50.5	50.75	101.04
Cash Growth	6.38%	33.01%	-0.50%	-49.78%	102.44%
Accounts Receivable	4.15	9.81	37.17	58.4	43.61
Other Receivables	1.65	2.9	8.05	10.09	4.58
Receivables	5.8	12.71	45.22	68.49	48.19
Inventory	9.78	22.16	23.34	26.77	14.81
Other Current Assets	2.94	97.52	14.26	6.72	6.03
Total Current Assets	89.97	199.56	133.31	152.73	170.08
Property, Plant & Equipment	135.13	160.06	212.44	212.92	192.2
Long-Term Investments	0.07	0.1	2.46	7.6	1.81
Goodwill	-	-	8.37	8.37	-
Other Intangible Assets	-	3.26	4.52	8.43	9.03
Long-Term Accounts Receivable	2.05	2.88	-	-	9.02
Long-Term Deferred Tax Assets	14.6	17.52	21.78	24.23	26.89
Other Long-Term Assets	38.3	33.73	69.61	83.75	78.13
Total Assets	280.13	417.11	452.48	498.03	487.15
Accounts Payable	4.47	10.18	9.11	4.76	9.14
Accrued Expenses	3.68	10.62	9.76	7.48	6.36
Short-Term Debt	-	18	8.18	71.93	89.33
Current Portion of Leases	5.53	2.97	-	6.16	5.74
Current Income Taxes Payable	0.9	1.26	2.55	-	1.4
Current Unearned Revenue	0.7	2.59	0.05	0.3	0.95
Other Current Liabilities	1.9	2.54	11.2	2.17	3.54
Total Current Liabilities	17.18	48.15	40.84	92.79	116.45
Long-Term Leases	4.55	5.02	-	-	6.16
Long-Term Deferred Tax Liabilities	-	0.25	0.57	0.88	-
Other Long-Term Liabilities	-	-	-	5.36	-
Total Liabilities	21.72	53.42	41.4	99.03	122.61
Common Stock	15.39	15.07	12.33	10.45	8.85
Additional Paid-In Capital	-	292.54	273.89	246.98	221.16
Retained Earnings	-	-66.15	0.74	23.99	38.97
Comprehensive Income & Other	243.01	102.76	96.14	94.95	92.2
Total Common Equity	258.4	344.23	383.1	376.38	361.18
Minority Interest	-	19.47	27.98	22.62	3.37
Shareholders' Equity	258.4	363.69	411.08	399	364.54
Total Liabilities & Equity	280.13	417.11	452.48	498.03	487.15
Total Debt	10.08	25.99	8.18	78.09	101.23
Net Cash (Debt)	61.37	41.18	42.32	-27.34	-0.19
Net Cash Growth	49.05%	-2.69%	-	-	-
Net Cash Per Share	0.03	0.02	0.03	-0.02	-0.00
Filing Date Shares Outstanding	1,807	1,773	1,478	1,262	1,077
Total Common Shares Outstanding	1,807	1,773	1,478	1,262	1,077
Working Capital	72.8	151.41	92.47	59.94	53.63
Book Value Per Share	0.14	0.19	0.26	0.30	0.34
Tangible Book Value	258.4	340.97	370.22	359.58	352.15
Tangible Book Value Per Share	0.14	0.19	0.25	0.28	0.33
Buildings	114.74	69.02	197.31	202.05	208.06
Machinery	33.54	42.11	39.86	45.04	37.97
Construction In Progress	-	49.04	17.71	-	-
Leasehold Improvements	90.24	79.12	193.25	194.97	160.6

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.