HKG:1720 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	18.19	29.24	27.28	69.39	65.4	43.03
Short-Term Investments	28.19	28.97	35.51	100.11	90.03	68.97
Cash & Short-Term Investments	46.38	58.21	62.79	169.49	155.43	112
Cash Growth	-76.08%	-7.29%	-62.95%	9.05%	38.78%	-17.41%
Accounts Receivable	541.62	506.33	445.71	382.99	274.39	250.43
Other Receivables	54.38	27.89	28.03	-	-	-
Receivables	596.01	534.22	473.74	382.99	274.39	250.43
Inventory	73	65.13	60.82	78.28	80.86	66.73
Restricted Cash	16.73	21.66	23.78	37.72	25.85	30
Other Current Assets	37.05	45.8	93.2	-	-	-
Total Current Assets	769.16	725.02	714.33	668.48	536.53	459.15
Property, Plant & Equipment	389.92	401.61	418.77	431.79	455.74	360.99
Long-Term Investments	2.08	2.21	-	-	-	-
Other Intangible Assets	7.35	8.02	9.15	10.28	-	-
Long-Term Deferred Tax Assets	9.32	9.11	7.95	7.27	7.73	5.89
Other Long-Term Assets	1.6	2.85	15.05	63.77	7.09	17.82
Total Assets	1,179	1,149	1,165	1,182	1,007	843.85
Accounts Payable	134.19	141.46	136.37	170.52	101.26	58.63
Accrued Expenses	39.17	14.87	22.09	19.12	49.33	41.3
Current Portion of Long-Term Debt	261.47	215.36	248.2	234.32	173.2	126.2
Current Portion of Leases	0.91	1.07	0.71	1.48	1.06	0.92
Current Income Taxes Payable	-	-	-	4.46	3.69	3.65
Current Unearned Revenue	16.5	19.72	34.26	19.42	5.63	6.63
Other Current Liabilities	-	38.3	27.42	31.35	19.84	-
Total Current Liabilities	452.23	430.77	469.04	480.68	354.01	237.33
Long-Term Debt	97	96.58	93	104.36	86.3	86.23
Long-Term Leases	1.39	1.18	0.05	0.66	0.35	0.5
Long-Term Deferred Tax Liabilities	26.77	26.45	26.16	25.48	23.63	19.55
Total Liabilities	577.38	554.99	588.24	611.17	464.29	343.61
Common Stock	9.36	9.36	9.36	9.36	9.36	9.36
Additional Paid-In Capital	130.29	130.29	130.29	130.29	130.32	130.32
Retained Earnings	467.87	460.03	441.55	433.91	409.39	365.38
Comprehensive Income & Other	-5.47	-5.84	-4.2	-3.14	-6.27	-4.82
Total Common Equity	602.05	593.84	577	570.41	542.79	500.24
Shareholders' Equity	602.05	593.84	577	570.41	542.79	500.24
Total Liabilities & Equity	1,179	1,149	1,165	1,182	1,007	843.85
Total Debt	360.77	314.19	341.95	340.82	260.91	213.86
Net Cash (Debt)	-314.39	-255.98	-279.16	-171.33	-105.48	-101.86
Net Cash Per Share	-0.29	-0.23	-0.25	-0.16	-0.10	-0.09
Filing Date Shares Outstanding	1,100	1,100	1,100	1,100	1,100	1,100
Total Common Shares Outstanding	1,100	1,100	1,100	1,100	1,100	1,100
Working Capital	316.93	294.24	245.29	187.8	182.52	221.82
Book Value Per Share	0.55	0.54	0.52	0.52	0.49	0.45
Tangible Book Value	594.7	585.82	567.85	560.13	542.79	500.24
Tangible Book Value Per Share	0.54	0.53	0.52	0.51	0.49	0.45
Land	-	256.98	255.98	255.82	239.66	90.83
Machinery	-	371.19	355.56	333.35	239.53	157.54
Construction In Progress	-	6.02	6.94	1.66	103.68	217.2

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