HKG:1875 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	257.23	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	257.23	327.56	381.26	351.6	461.23	155.38
Cash Growth	-33.01%	-14.09%	8.43%	-23.77%	196.84%	-31.89%
Accounts Receivable	95.23	95.94	190.3	140.71	58.4	23.69
Other Receivables	-	20.2	24.45	51.76	39.16	79.92
Receivables	95.23	116.14	214.74	192.46	97.56	103.6
Inventory	111.25	110.85	122.27	131.92	111.43	40.85
Prepaid Expenses	-	0.2	5.14	5.79	0.42	2.92
Restricted Cash	6.51	0.78	16.34	4.37	3	-
Other Current Assets	28.46	5.39	3.53	7.03	3.16	3.21
Total Current Assets	498.68	560.92	743.28	693.18	676.8	305.96
Property, Plant & Equipment	656.33	680.65	736.55	710.06	480.34	323.4
Long-Term Investments	-	-	-	-	-	1.48
Other Intangible Assets	10.84	11	7.04	8.84	4.65	5.12
Long-Term Accounts Receivable	-	-	13.94	-	-	-
Other Long-Term Assets	7.8	6.72	7.96	14.03	100.25	74.29
Total Assets	1,174	1,259	1,509	1,426	1,262	710.26

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Accounts Payable	148.87	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	48.98	52.98	69.59	41.6	75.5	146.19
Current Portion of Leases	2.56	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	26.9	50.36	29.41	12.06	19.56	22.2
Other Current Liabilities	4.72	67.4	57.19	68.32	50.49	42.84
Total Current Liabilities	232.02	273.52	415.36	382.49	275.35	260.81
Long-Term Debt	296.66	329.65	324.43	302.69	212.13	59.78
Long-Term Leases	2.81	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	27.46	23.62	32.33	43.05	47.77	42.45
Total Liabilities	558.95	633.47	779.12	739.42	546.59	375.17

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Common Stock	2,297	2,297	2,297	2,297	2,297	1,893
Retained Earnings	-1,807	-1,749	-1,649	-1,683	-1,646	-1,596
Comprehensive Income & Other	124.62	77.21	80.68	72.47	61.91	37.8
Total Common Equity	614.71	625.82	729.66	686.69	713.88	335.09
Minority Interest	-	-	-	-	1.56	-
Shareholders' Equity	614.71	625.82	729.66	686.69	715.44	335.09
Total Liabilities & Equity	1,174	1,259	1,509	1,426	1,262	710.26

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Total Debt	351	383.56	395.47	345.65	289.53	208.57
Net Cash (Debt)	-93.77	-56	-14.21	5.95	171.7	-53.18
Net Cash Growth	-	-	-	-96.54%	-	-
Net Cash Per Share	-0.11	-0.08	-0.02	0.01	0.27	-0.09
Filing Date Shares Outstanding	731.46	772.79	772.79	772.79	772.79	615.23
Total Common Shares Outstanding	731.46	772.79	772.79	772.79	772.79	615.23
Working Capital	266.67	287.4	327.91	310.69	401.45	45.16
Book Value Per Share	0.84	0.81	0.94	0.89	0.92	0.54
Tangible Book Value	603.87	614.82	722.61	677.85	709.23	329.97
Tangible Book Value Per Share	0.83	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
Order Backlog	-	308	-	-	-	-