HKG:1845 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	95.8	49.77	73.62	69.04	69.18
Trading Asset Securities	-	-	-	-	10.02
Cash & Short-Term Investments	95.8	49.77	73.62	69.04	79.21
Cash Growth	92.48%	-32.39%	6.62%	-12.83%	-9.33%
Accounts Receivable	233.42	329.9	389.89	372.46	453.9
Other Receivables	44.02	43.38	40.67	29.13	28.92
Receivables	277.44	373.28	430.56	401.59	487.99
Inventory	5.68	12.13	8.47	9.42	16.8
Other Current Assets	40.36	28.6	22.87	22.85	34.21
Total Current Assets	419.28	463.79	535.51	502.91	618.21
Property, Plant & Equipment	270.46	269.12	266.31	167.09	178.1
Long-Term Investments	-	-	-	29.53	9.16
Goodwill	3.87	18.28	18.28	18.28	18.28
Other Intangible Assets	4.39	6.09	7.79	9.49	19.97
Long-Term Deferred Tax Assets	8.12	16.4	15.27	16.69	17.88
Other Long-Term Assets	-	-	-	-	2.42
Total Assets	706.13	773.67	843.16	743.98	864.02
Accounts Payable	125.63	154.41	176.52	130.87	171.79
Accrued Expenses	33.77	40.86	38.77	31.79	27.87
Short-Term Debt	-	-	-	42.97	-
Current Portion of Long-Term Debt	36.99	39.31	32.9	-	51.04
Current Portion of Leases	1.69	2.05	3.4	2.34	1
Current Income Taxes Payable	0.55	1.16	2	2.85	2.17
Current Unearned Revenue	34.2	6.32	5.57	7.87	13.92
Other Current Liabilities	32.88	32.66	48.46	24.05	22.72
Total Current Liabilities	265.71	276.76	307.61	242.74	290.51
Long-Term Debt	37.83	22.49	-	-	2.7
Long-Term Leases	4.16	2.02	7.08	7.92	0.18
Long-Term Deferred Tax Liabilities	0.22	0.37	0.65	0.08	0.06
Total Liabilities	307.91	301.64	315.34	250.74	293.45
Common Stock	55.1	55.1	55.1	55.1	55.1
Additional Paid-In Capital	237.13	237.13	237.13	237.13	237.13
Retained Earnings	-22.86	40.29	88.11	85.39	157.6
Comprehensive Income & Other	39.82	39.82	40.79	41.76	41.59
Total Common Equity	309.2	372.34	421.13	419.38	491.42
Minority Interest	89.02	99.69	106.69	73.87	79.15
Shareholders' Equity	398.22	472.03	527.82	493.25	570.57
Total Liabilities & Equity	706.13	773.67	843.16	743.98	864.02
Total Debt	80.66	65.87	43.38	53.23	54.92
Net Cash (Debt)	15.14	-16.1	30.24	15.81	24.29
Net Cash Growth	-	-	91.25%	-34.90%	-12.27%
Net Cash Per Share	0.01	-0.01	0.02	0.01	0.02
Filing Date Shares Outstanding	1,333	1,333	1,333	1,333	1,333
Total Common Shares Outstanding	1,333	1,333	1,333	1,333	1,333
Working Capital	153.58	187.02	227.9	260.17	327.7
Book Value Per Share	0.23	0.28	0.32	0.31	0.37
Tangible Book Value	300.93	347.97	395.06	391.6	453.17
Tangible Book Value Per Share	0.23	0.26	0.30	0.29	0.34
Buildings	105.9	60.51	16.8	13.46	13.46
Machinery	172.64	152.31	93.37	89.76	53.91
Construction In Progress	106.23	137.46	186.68	106.55	97.78
Leasehold Improvements	2.48	2.48	2.48	2.35	1.28

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