HKG:1875 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	383.98	381.26	351.6	417.77	152.81	225.53
Short-Term Investments	-	-	-	3.18	2.58	2.6
Trading Asset Securities	-	-	-	40.28	-	-
Cash & Short-Term Investments	383.98	381.26	351.6	461.23	155.38	228.13
Cash Growth	10.23%	8.43%	-23.77%	196.84%	-31.89%	-60.07%
Accounts Receivable	168.67	192.76	140.71	58.4	23.69	2.44
Other Receivables	8.94	21.98	51.76	39.16	79.92	1.72
Receivables	177.61	214.74	192.46	97.56	103.6	4.16
Inventory	147.81	122.27	131.92	111.43	40.85	13.34
Prepaid Expenses	-	5.14	5.79	0.42	2.92	-
Restricted Cash	-	16.34	4.37	3	-	-
Other Current Assets	37.35	3.53	7.03	3.16	3.21	3.6
Total Current Assets	746.75	743.28	693.18	676.8	305.96	249.23
Property, Plant & Equipment	710.87	736.55	710.06	480.34	323.4	311.01
Long-Term Investments	-	-	-	-	1.48	8.08
Other Intangible Assets	10.93	7.04	8.84	4.65	5.12	3.23
Long-Term Accounts Receivable	-	13.94	-	-	-	-
Other Long-Term Assets	7.88	7.96	14.03	100.25	74.29	69.65
Total Assets	1,476	1,509	1,426	1,262	710.26	641.18
Accounts Payable	31.89	43.31	35.71	25.98	28.21	18.01
Accrued Expenses	202.48	212.8	221.97	99.72	19.9	11.41
Current Portion of Long-Term Debt	40.49	69.59	41.6	75.5	146.19	-
Current Portion of Leases	0.92	1.28	1.17	1.55	1.46	1.32
Current Income Taxes Payable	4.43	1.8	1.66	2.54	-	-
Current Unearned Revenue	33.53	29.41	12.06	19.56	22.2	9.1
Other Current Liabilities	42.76	57.19	68.32	50.49	42.84	12.91
Total Current Liabilities	356.49	415.36	382.49	275.35	260.81	52.74
Long-Term Debt	355.63	324.43	302.69	212.13	59.78	-
Long-Term Leases	0.16	0.18	0.19	0.35	1.14	6.08
Long-Term Unearned Revenue	-	6.82	11	11	11	-
Other Long-Term Liabilities	32.46	32.33	43.05	47.77	42.45	-
Total Liabilities	744.74	779.12	739.42	546.59	375.17	58.83
Common Stock	2,297	2,297	2,297	2,297	1,893	1,874
Retained Earnings	-1,644	-1,649	-1,683	-1,646	-1,596	-1,342
Comprehensive Income & Other	78.65	80.68	72.47	61.91	37.8	49.5
Total Common Equity	731.68	729.66	686.69	713.88	335.09	582.36
Minority Interest	-	-	-	1.56	-	-
Shareholders' Equity	731.68	729.66	686.69	715.44	335.09	582.36
Total Liabilities & Equity	1,476	1,509	1,426	1,262	710.26	641.18
Total Debt	397.2	395.47	345.65	289.53	208.57	7.41
Net Cash (Debt)	-13.21	-14.21	5.95	171.7	-53.18	220.73
Net Cash Growth	-	-	-96.54%	-	-	-55.52%
Net Cash Per Share	-0.02	-0.02	0.01	0.27	-0.09	0.39
Filing Date Shares Outstanding	772.79	772.79	772.79	772.79	615.23	600.47
Total Common Shares Outstanding	772.79	772.79	772.79	772.79	615.23	600.47
Working Capital	390.26	327.91	310.69	401.45	45.16	196.48
Book Value Per Share	0.95	0.94	0.89	0.92	0.54	0.97
Tangible Book Value	720.76	722.61	677.85	709.23	329.97	579.13
Tangible Book Value Per Share	0.93	0.94	0.88	0.92	0.54	0.96
Buildings	-	-	197.7	110.9	119.74	150.55
Machinery	-	-	392.91	221.5	215.69	191.35
Construction In Progress	-	-	220.24	241.41	65.98	45.55
Order Backlog	-	191	-	-	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.