HKG:1800 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	139,830	142,481	120,983	113,323	104,653
Trading Asset Securities	633	496.51	837.98	1,306	1,925
Cash & Short-Term Investments	140,463	142,977	121,821	114,630	106,578
Cash Growth	-1.76%	17.37%	6.27%	7.55%	-17.27%
Accounts Receivable	603,534	347,145	289,497	261,683	232,067
Other Receivables	-	150,887	134,792	116,829	114,455
Receivables	603,534	498,032	424,290	378,513	346,523
Inventory	114,705	102,134	88,021	78,263	73,067
Other Current Assets	11,239	45,782	52,140	48,160	41,404
Total Current Assets	869,941	788,925	686,272	619,565	567,572
Property, Plant & Equipment	101,943	83,032	77,528	62,986	63,446
Long-Term Investments	163,930	166,944	160,712	144,447	128,872
Goodwill	-	5,300	5,455	5,182	5,120
Other Intangible Assets	228,135	210,319	213,252	230,462	237,974
Long-Term Accounts Receivable	632,349	-	-	-	-
Long-Term Deferred Tax Assets	12,824	11,535	10,117	7,849	7,191
Long-Term Deferred Charges	-	1,774	1,771	1,461	1,560
Other Long-Term Assets	10,010	590,443	529,305	444,761	379,374
Total Assets	2,019,132	1,858,273	1,684,412	1,516,713	1,391,109
Accounts Payable	445,115	402,501	371,564	343,794	307,011
Accrued Expenses	106,574	23,849	22,551	18,484	16,713
Short-Term Debt	-	106,019	72,985	48,832	36,065
Current Portion of Long-Term Debt	222,669	84,608	72,973	62,366	39,325
Current Portion of Leases	-	1,419	925.88	800.57	902.67
Current Income Taxes Payable	6,242	5,553	7,922	6,237	5,138
Current Unearned Revenue	151,938	85,270	73,483	77,420	80,033
Other Current Liabilities	40,133	159,590	139,851	106,446	114,195
Total Current Liabilities	972,671	868,808	762,255	664,380	599,383
Long-Term Debt	494,951	443,232	397,864	371,061	350,113
Long-Term Leases	-	2,264	1,850	1,585	1,731
Long-Term Unearned Revenue	1,723	1,144	1,262	1,324	1,339
Pension & Post-Retirement Benefits	744	844.28	906.93	846.53	796.05
Long-Term Deferred Tax Liabilities	8,068	7,549	4,379	4,476	7,438
Other Long-Term Liabilities	73,088	66,616	56,696	45,549	38,915
Total Liabilities	1,551,245	1,390,458	1,225,212	1,089,221	999,714
Common Stock	16,275	16,279	16,264	16,166	16,166
Additional Paid-In Capital	20,092	39,010	42,656	37,718	33,916
Retained Earnings	-	209,337	193,439	174,448	159,455
Treasury Stock	-667	-597.32	-522.07	-	-
Comprehensive Income & Other	275,226	49,397	49,931	54,167	50,853
Total Common Equity	310,926	313,425	301,767	282,499	260,389
Minority Interest	156,961	154,390	157,433	144,992	131,006
Shareholders' Equity	467,887	467,815	459,200	427,492	391,395
Total Liabilities & Equity	2,019,132	1,858,273	1,684,412	1,516,713	1,391,109
Total Debt	717,620	637,542	546,598	484,646	428,136
Net Cash (Debt)	-577,157	-494,565	-424,776	-370,016	-321,558
Net Cash Per Share	-35.67	-30.59	-26.28	-22.89	-19.89
Filing Date Shares Outstanding	16,245	16,279	16,280	16,166	16,166
Total Common Shares Outstanding	16,245	16,279	16,264	16,166	16,166
Working Capital	-102,730	-79,883	-75,983	-44,814	-31,811
Book Value Per Share	19.14	17.35	16.40	15.13	14.01
Tangible Book Value	82,791	97,807	83,060	46,855	17,295
Tangible Book Value Per Share	5.10	4.10	2.96	0.55	-1.03
Buildings	-	32,574	29,965	21,833	19,516
Machinery	-	91,421	90,865	82,087	79,413
Construction In Progress	-	14,426	10,717	9,615	11,374
Order Backlog	-	3,486,773	-	-	-

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