HKG:1851 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	203.5	271.72	215.71	199.85	156.31
Short-Term Investments	42.14	2.14	2.16	2.16	2.62
Trading Asset Securities	7.19	-	-	-	-
Cash & Short-Term Investments	252.83	273.87	217.87	202.02	158.92
Cash Growth	-7.68%	25.70%	7.85%	27.12%	2.63%
Accounts Receivable	1.33	1.83	1.63	13.17	0.24
Other Receivables	5.92	4.58	2.61	1.62	2.35
Receivables	7.25	6.41	4.24	14.79	2.59
Inventory	0.88	1.16	1.25	1.1	0.36
Prepaid Expenses	2.79	1.63	1.17	3.71	4.01
Total Current Assets	263.75	283.06	224.53	221.61	165.87
Property, Plant & Equipment	1,325	1,300	1,220	1,182	1,030
Other Intangible Assets	5.9	2.94	2.02	1.21	1.46
Other Long-Term Assets	0.46	0.73	12.64	4.2	4.14
Total Assets	1,595	1,586	1,459	1,409	1,202
Accrued Expenses	15.49	16.52	25.35	18.93	15.45
Short-Term Debt	5	40	-	50	-
Current Portion of Long-Term Debt	65	80	70	92.91	75.08
Current Portion of Leases	0.56	0.56	0.16	0.61	0.66
Current Income Taxes Payable	13.36	10.53	0.52	0.59	0.9
Current Unearned Revenue	219.48	202.24	198.57	176.93	130.28
Other Current Liabilities	65.65	107.69	98.38	159.51	96.32
Total Current Liabilities	384.54	457.54	392.98	499.48	318.68
Long-Term Debt	109.79	189.79	269.79	257.62	313.27
Long-Term Leases	0.14	0.66	-	0.15	0.66
Long-Term Unearned Revenue	0.11	0.54	11.93	14.97	17.32
Total Liabilities	494.58	648.53	674.7	772.22	649.93
Common Stock	4.32	4.32	4.32	4.32	4.32
Additional Paid-In Capital	134.04	134.04	134.04	134.04	134.04
Retained Earnings	912.12	749.55	596.34	448.31	363.3
Comprehensive Income & Other	50	50	50	50	50
Shareholders' Equity	1,100	937.91	784.7	636.67	551.66
Total Liabilities & Equity	1,595	1,586	1,459	1,409	1,202
Total Debt	180.49	311.01	339.95	401.29	389.66
Net Cash (Debt)	72.34	-37.14	-122.08	-199.27	-230.74
Net Cash Per Share	0.14	-0.07	-0.24	-0.40	-0.46
Filing Date Shares Outstanding	500	500	500	500	500
Total Common Shares Outstanding	500	500	500	500	500
Working Capital	-120.79	-174.48	-168.45	-277.87	-152.81
Book Value Per Share	2.20	1.88	1.57	1.27	1.10
Tangible Book Value	1,095	934.97	782.68	635.46	550.2
Tangible Book Value Per Share	2.19	1.87	1.57	1.27	1.10
Buildings	1,366	1,302	992.58	906.66	713.74
Machinery	173.97	164.98	141.64	135.43	117.57
Construction In Progress	26.92	23.89	233.06	246.07	275.05

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