HKG:1877 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	Sep '26 Sep 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	3,491	2,615	2,502	3,788	5,997	3,507
Short-Term Investments	-	-	-	-	17.93	-
Trading Asset Securities	878.85	600.78	430.51	-	-	-
Cash & Short-Term Investments	4,370	3,216	2,933	3,788	6,015	3,507
Cash Growth	33.62%	9.65%	-22.58%	-37.02%	71.53%	3.59%
Accounts Receivable	530.01	506.75	509.82	483.23	232.73	1,301
Other Receivables	105.25	-	36.44	374.01	78.81	28.05
Receivables	635.26	506.75	546.26	857.23	314.25	1,329
Inventory	519.65	573.11	584.47	538.05	599.02	484.6
Prepaid Expenses	-	-	-	-	239.82	-
Other Current Assets	156.45	162.01	220.38	387.59	36.94	524.79
Total Current Assets	5,681	4,458	4,284	5,571	7,205	5,845
Property, Plant & Equipment	5,198	4,872	4,195	3,809	3,278	2,801
Long-Term Investments	2,768	1,914	1,226	1,133	1,292	1,485
Other Intangible Assets	533.35	559.77	521.41	546.96	98.91	264.98
Long-Term Deferred Tax Assets	124.04	88.31	87.05	103.4	228.43	88.55
Long-Term Deferred Charges	8.94	9.76	6.12	12.6	-	27.79
Other Long-Term Assets	609.91	480.35	461.94	167.14	473.39	522.34
Total Assets	14,923	12,382	10,782	11,343	12,576	11,035

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	1,061	73.99	115.9	125.19	370.23	63.17
Accrued Expenses	219.49	804.98	901.44	1,046	917.21	1,603
Short-Term Debt	617.68	603.2	678.11	452.44	391.75	-
Current Portion of Long-Term Debt	767.45	659.39	216.5	86.96	-	10.6
Current Portion of Leases	-	32.01	30.29	35.93	43.66	34.47
Current Income Taxes Payable	32.49	4.76	12.41	17.98	-	63.08
Current Unearned Revenue	36.84	22.18	8.17	146.3	0.44	45.8
Other Current Liabilities	32.33	577.77	531.11	527.92	50.96	181.59
Total Current Liabilities	2,768	2,778	2,494	2,438	1,774	2,001
Long-Term Debt	5,373	2,794	1,980	1,196	839.58	490
Long-Term Leases	64.27	56.62	26.31	17.45	46.59	93.13
Long-Term Unearned Revenue	160.66	167.17	181.91	183.46	121.62	122.46
Other Long-Term Liabilities	525.59	530.06	168	187.15	-	11.5
Total Liabilities	8,891	6,326	4,850	4,022	2,782	2,719

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	1,027	1,027	985.69	985.69	982.87	910.76
Additional Paid-In Capital	16,367	16,417	15,407	15,395	-	11,423
Retained Earnings	-11,365	-11,216	-10,341	-9,060	-	-4,389
Treasury Stock	-30.89	-30.89	-30.89	-26.89	-	-
Comprehensive Income & Other	-166.85	-166.69	-159.94	-142.07	8,519	0.21
Total Common Equity	5,831	6,030	5,860	7,151	9,501	7,945
Minority Interest	201.38	26.16	71.71	169.39	292.83	371.28
Shareholders' Equity	6,032	6,057	5,932	7,321	9,794	8,316
Total Liabilities & Equity	14,923	12,382	10,782	11,343	12,576	11,035

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	6,823	4,145	2,931	1,789	1,322	628.19
Net Cash (Debt)	-2,453	-928.98	1.82	2,000	4,693	2,878
Net Cash Growth	-	-	-99.91%	-57.39%	63.05%	13.58%
Net Cash Per Share	-2.43	-0.92	0.00	2.03	5.12	3.23
Filing Date Shares Outstanding	1,026	1,026	984.87	985.01	982.87	910.76
Total Common Shares Outstanding	1,026	1,026	984.87	985.01	982.87	910.76
Working Capital	2,914	1,679	1,790	3,133	5,431	3,843
Book Value Per Share	5.68	5.88	5.95	7.26	9.67	8.72
Tangible Book Value	5,297	5,471	5,339	6,604	9,403	7,680
Tangible Book Value Per Share	5.16	5.33	5.42	6.70	9.57	8.43
Buildings	-	1,425	1,379	1,419	-	891.83
Machinery	-	2,161	2,022	1,921	1,522	1,419
Construction In Progress	-	2,572	1,859	1,325	1,048	801.93
Leasehold Improvements	-	-	-	-	65.57	-