HKG:1901 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	70.51	36.69	56.5	43.8	43.09	22.11
Trading Asset Securities	0.34	0.34	2.49	11.13	13.17	1
Cash & Short-Term Investments	70.85	37.03	58.99	54.93	56.27	23.11
Cash Growth	-19.00%	-37.23%	7.40%	-2.38%	143.51%	-77.18%
Accounts Receivable	133.62	88.69	203.07	18.43	13.05	30.96
Other Receivables	80.98	46.66	61.3	39.33	44.84	2.75
Receivables	216.55	137.3	266.22	58.66	59.6	33.71
Inventory	4.47	4.54	5.25	4.82	-	-
Prepaid Expenses	121.72	88.53	31.28	20.65	6.47	144.92
Other Current Assets	67.05	70.04	71.11	99.45	75.43	84.83
Total Current Assets	480.64	337.44	432.85	238.5	197.76	286.57
Property, Plant & Equipment	13.07	37.22	50.71	58.36	30.27	36.66
Long-Term Investments	1.15	1.54	56.62	55.86	57.5	57.53
Other Intangible Assets	1.05	1.6	2.61	0.01	0.02	0.03
Long-Term Accounts Receivable	-	0.17	4.87	-	-	-
Long-Term Deferred Tax Assets	-	-	0.38	0.36	8.53	8.94
Other Long-Term Assets	33.79	28.32	18.84	25.32	13.3	13.82
Total Assets	529.7	406.28	566.88	378.41	307.38	403.54
Accounts Payable	119.69	33.82	139.88	17.41	12.14	13.13
Accrued Expenses	5.67	13.67	13.7	8.09	9.53	5.72
Short-Term Debt	245.18	197.46	194.86	198.66	199.23	187.78
Current Portion of Long-Term Debt	-	-	-	-	2.05	-
Current Portion of Leases	4.43	4.54	5.09	6.7	3.4	4.97
Current Income Taxes Payable	-	7	6.08	4.42	4.38	5.09
Current Unearned Revenue	-	78.73	102.21	21.81	15.73	50.61
Other Current Liabilities	97.54	15.31	16.94	24.15	19.78	12.2
Total Current Liabilities	472.52	350.53	478.75	281.25	266.24	279.51
Long-Term Debt	-	-	-	-	2.44	-
Long-Term Leases	3.61	4.7	7.96	8.95	14.54	17.95
Total Liabilities	476.12	355.23	486.71	290.2	283.22	297.46
Common Stock	7.15	7.15	7.15	6.85	5.22	4.4
Additional Paid-In Capital	265.33	265.33	265.33	229.96	152.32	97.47
Retained Earnings	-271.67	-278.29	-236.25	-226.67	-187.17	-49.69
Comprehensive Income & Other	64.04	64.45	41.19	74.04	53.8	53.9
Total Common Equity	64.85	58.64	77.42	84.17	24.16	106.08
Minority Interest	-11.27	-7.58	2.76	4.04	-	-
Shareholders' Equity	53.58	51.05	80.18	88.21	24.16	106.08
Total Liabilities & Equity	529.7	406.28	566.88	378.41	307.38	403.54
Total Debt	253.22	206.7	207.9	214.3	221.67	210.71
Net Cash (Debt)	-182.38	-169.68	-148.91	-159.38	-165.4	-187.6
Net Cash Per Share	-0.22	-0.20	-0.18	-0.21	-0.29	-0.38
Filing Date Shares Outstanding	832	832	832	800	600	500
Total Common Shares Outstanding	832	832	832	800	600	500
Working Capital	8.13	-13.09	-45.9	-42.75	-68.48	7.05
Book Value Per Share	0.08	0.07	0.09	0.11	0.04	0.21
Tangible Book Value	63.8	57.04	74.81	84.17	24.14	106.05
Tangible Book Value Per Share	0.08	0.07	0.09	0.11	0.04	0.21
Machinery	-	53.21	51.32	46.25	11.82	11.69
Construction In Progress	-	-	-	-	-	0.14
Leasehold Improvements	-	15.97	15.78	15.78	15.78	15.74

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