HKG:1725 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	33.69	28.72	70.23	41.47	91.43
Short-Term Investments	-	-	2.5	1.63	6.15
Trading Asset Securities	2.17	-	-	-	-
Cash & Short-Term Investments	35.86	28.72	72.73	43.1	97.59
Cash Growth	24.86%	-60.51%	68.75%	-55.84%	-47.71%
Accounts Receivable	170.69	91.27	159.23	127.45	143.78
Other Receivables	-	0.12	32.54	34.38	22.03
Receivables	170.69	91.4	191.77	161.83	165.81
Inventory	18.9	31.19	106.71	129.2	161.93
Prepaid Expenses	-	-	15.89	18.46	44.61
Other Current Assets	69.3	208.19	10	198.34	27.5
Total Current Assets	294.76	359.49	397.09	550.93	497.44
Property, Plant & Equipment	50.19	430.33	693.94	634.11	428.17
Long-Term Investments	-	-	0.92	1.17	-
Other Intangible Assets	2.44	4.14	4.97	5.51	0.79
Long-Term Deferred Tax Assets	1.24	2.85	3.78	3.16	0.23
Other Long-Term Assets	1.09	48.35	54.18	32.47	14.69
Total Assets	349.72	845.17	1,155	1,227	941.31
Accounts Payable	84.54	61.76	85.15	103.5	176.12
Accrued Expenses	37.45	50.11	45.94	51.09	38.95
Short-Term Debt	111.06	143.86	275.95	141.23	-
Current Portion of Long-Term Debt	45.28	60.83	195.93	81.84	139.17
Current Portion of Leases	109.12	70.83	36.65	34.33	8.18
Current Income Taxes Payable	6.02	6.91	8.45	7.84	8.79
Current Unearned Revenue	22.94	20.47	18.49	19.63	45.13
Other Current Liabilities	71.5	106.42	69.86	183.12	25.52
Total Current Liabilities	487.91	521.18	736.42	622.59	441.84
Long-Term Debt	42.75	62.21	51.04	167.61	63.45
Long-Term Leases	55.96	95.23	131.98	166.55	33.14
Long-Term Unearned Revenue	3.35	6.5	9	12.22	10.02
Long-Term Deferred Tax Liabilities	0.82	0.82	0.8	4.09	1.32
Other Long-Term Liabilities	22.19	23.02	22.27	8.4	-
Total Liabilities	612.97	708.95	951.51	981.47	549.77
Common Stock	5.41	4.49	2.75	2.69	2.69
Additional Paid-In Capital	592.14	533.38	326.33	304.49	304.49
Retained Earnings	-816.68	-491.42	-293.42	-82.28	72.01
Comprehensive Income & Other	128.83	128.41	138.67	20.98	12.35
Total Common Equity	-90.31	174.85	174.33	245.88	391.54
Minority Interest	-172.94	-38.63	29.05	-0	-
Shareholders' Equity	-263.25	136.22	203.38	245.88	391.54
Total Liabilities & Equity	349.72	845.17	1,155	1,227	941.31
Total Debt	364.17	432.94	691.55	591.56	243.93
Net Cash (Debt)	-328.31	-404.23	-618.82	-548.46	-146.34
Net Cash Per Share	-0.61	-1.06	-2.00	-1.77	-0.49
Filing Date Shares Outstanding	604.07	504.07	315.38	309	309
Total Common Shares Outstanding	604.07	504.07	315.38	309	309
Working Capital	-193.15	-161.69	-339.33	-71.67	55.6
Book Value Per Share	-0.15	0.35	0.55	0.80	1.27
Tangible Book Value	-92.75	170.7	169.36	240.37	390.76
Tangible Book Value Per Share	-0.15	0.34	0.54	0.78	1.26
Buildings	9.73	11.45	90.96	96.99	6.02
Machinery	182.41	225.14	89.78	115.1	104.83
Construction In Progress	105.57	109.24	369.75	228.85	276.48
Leasehold Improvements	118.92	110.35	38.11	36.04	0.8

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