HKG:1851 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	65.28	271.72	215.71	199.85	156.31	152.53
Short-Term Investments	2.14	2.14	2.16	2.16	2.62	2.32
Cash & Short-Term Investments	72.58	273.87	217.87	202.02	158.92	154.85
Cash Growth	-5.13%	25.70%	7.85%	27.12%	2.63%	-31.94%
Accounts Receivable	1.16	1.83	1.63	13.17	0.24	0.15
Other Receivables	4.48	4.58	2.61	1.62	2.35	1.82
Receivables	5.64	6.41	4.24	14.79	2.59	1.96
Inventory	1.19	1.16	1.25	1.1	0.36	0.38
Prepaid Expenses	1.11	1.63	1.17	3.71	4.01	5.51
Total Current Assets	80.53	283.06	224.53	221.61	165.87	162.71
Property, Plant & Equipment	1,299	1,300	1,220	1,182	1,030	993.09
Long-Term Investments	2.05	-	-	-	-	-
Other Intangible Assets	2.53	2.94	2.02	1.21	1.46	1.28
Other Long-Term Assets	1.11	0.73	12.64	4.2	4.14	13.79
Total Assets	1,385	1,586	1,459	1,409	1,202	1,171
Accounts Payable	-	-	-	-	-	0.02
Accrued Expenses	16.65	26.55	25.35	18.93	15.45	9.44
Short-Term Debt	13	40	-	50	-	-
Current Portion of Long-Term Debt	90	80	70	92.91	75.08	33.52
Current Portion of Leases	0.3	0.56	0.16	0.61	0.66	1.02
Current Income Taxes Payable	0.5	0.5	0.52	0.59	0.9	0.61
Current Unearned Revenue	4.61	202.24	198.57	176.93	130.28	119.17
Other Current Liabilities	75.9	107.69	98.38	159.51	96.32	113.98
Total Current Liabilities	200.96	457.54	392.98	499.48	318.68	277.76
Long-Term Debt	144.79	189.79	269.79	257.62	313.27	364.85
Long-Term Leases	0.66	0.66	-	0.15	0.66	0.25
Long-Term Unearned Revenue	0.54	0.54	11.93	14.97	17.32	15.03
Total Liabilities	346.95	648.53	674.7	772.22	649.93	657.89
Common Stock	4.32	4.32	4.32	4.32	4.32	4.32
Additional Paid-In Capital	134.04	134.04	134.04	134.04	134.04	134.04
Retained Earnings	849.82	749.55	596.34	448.31	363.3	324.62
Comprehensive Income & Other	50	50	50	50	50	50
Shareholders' Equity	1,038	937.91	784.7	636.67	551.66	512.98
Total Liabilities & Equity	1,385	1,586	1,459	1,409	1,202	1,171
Total Debt	248.75	311.01	339.95	401.29	389.66	399.65
Net Cash (Debt)	-176.17	-37.14	-122.08	-199.27	-230.74	-244.79
Net Cash Per Share	-0.35	-0.07	-0.24	-0.40	-0.46	-0.49
Filing Date Shares Outstanding	500	500	500	500	500	500
Total Common Shares Outstanding	500	500	500	500	500	500
Working Capital	-120.43	-174.48	-168.45	-277.87	-152.81	-115.05
Book Value Per Share	2.08	1.88	1.57	1.27	1.10	1.03
Tangible Book Value	1,036	934.97	782.68	635.46	550.2	511.7
Tangible Book Value Per Share	2.07	1.87	1.57	1.27	1.10	1.02
Buildings	1,301	-	992.58	906.66	713.74	620.73
Machinery	166.4	-	141.64	135.43	117.57	100.86
Construction In Progress	47.32	-	233.06	246.07	275.05	321.78

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