HKG:1875 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	327.56	381.26	351.6	417.77	152.81
Short-Term Investments	-	-	-	3.18	2.58
Trading Asset Securities	-	-	-	40.28	-
Cash & Short-Term Investments	327.56	381.26	351.6	461.23	155.38
Cash Growth	-14.09%	8.43%	-23.77%	196.84%	-31.89%
Accounts Receivable	95.94	190.3	140.71	58.4	23.69
Other Receivables	20.2	24.45	51.76	39.16	79.92
Receivables	116.14	214.74	192.46	97.56	103.6
Inventory	110.85	122.27	131.92	111.43	40.85
Prepaid Expenses	0.2	5.14	5.79	0.42	2.92
Restricted Cash	0.78	16.34	4.37	3	-
Other Current Assets	5.39	3.53	7.03	3.16	3.21
Total Current Assets	560.92	743.28	693.18	676.8	305.96
Property, Plant & Equipment	680.65	736.55	710.06	480.34	323.4
Long-Term Investments	-	-	-	-	1.48
Other Intangible Assets	11	7.04	8.84	4.65	5.12
Long-Term Accounts Receivable	-	13.94	-	-	-
Other Long-Term Assets	6.72	7.96	14.03	100.25	74.29
Total Assets	1,259	1,509	1,426	1,262	710.26
Accounts Payable	46.51	43.31	35.71	25.98	28.21
Accrued Expenses	51.81	212.8	221.97	99.72	19.9
Current Portion of Long-Term Debt	52.98	69.59	41.6	75.5	146.19
Current Portion of Leases	0.77	1.28	1.17	1.55	1.46
Current Income Taxes Payable	3.68	1.8	1.66	2.54	-
Current Unearned Revenue	50.36	29.41	12.06	19.56	22.2
Other Current Liabilities	67.4	57.19	68.32	50.49	42.84
Total Current Liabilities	273.52	415.36	382.49	275.35	260.81
Long-Term Debt	329.65	324.43	302.69	212.13	59.78
Long-Term Leases	0.16	0.18	0.19	0.35	1.14
Long-Term Unearned Revenue	6.54	6.82	11	11	11
Other Long-Term Liabilities	23.62	32.33	43.05	47.77	42.45
Total Liabilities	633.47	779.12	739.42	546.59	375.17
Common Stock	2,297	2,297	2,297	2,297	1,893
Retained Earnings	-1,749	-1,649	-1,683	-1,646	-1,596
Comprehensive Income & Other	77.21	80.68	72.47	61.91	37.8
Total Common Equity	625.82	729.66	686.69	713.88	335.09
Minority Interest	-	-	-	1.56	-
Shareholders' Equity	625.82	729.66	686.69	715.44	335.09
Total Liabilities & Equity	1,259	1,509	1,426	1,262	710.26
Total Debt	383.56	395.47	345.65	289.53	208.57
Net Cash (Debt)	-56	-14.21	5.95	171.7	-53.18
Net Cash Growth	-	-	-96.54%	-	-
Net Cash Per Share	-0.08	-0.02	0.01	0.27	-0.09
Filing Date Shares Outstanding	772.79	772.79	772.79	772.79	615.23
Total Common Shares Outstanding	772.79	772.79	772.79	772.79	615.23
Working Capital	287.4	327.91	310.69	401.45	45.16
Book Value Per Share	0.81	0.94	0.89	0.92	0.54
Tangible Book Value	614.82	722.61	677.85	709.23	329.97
Tangible Book Value Per Share	0.80	0.94	0.88	0.92	0.54
Buildings	351.78	346.34	197.7	110.9	119.74
Machinery	527.35	503.48	392.91	221.5	215.69
Construction In Progress	26.32	33	220.24	241.41	65.98

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