HKG:1906 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	20.42	7.67	3.65	6.45	8.7
Short-Term Investments	-	6.48	4.47	4.28	4.05
Trading Asset Securities	0.62	-	-	-	-
Cash & Short-Term Investments	21.04	14.15	8.12	10.74	12.76
Cash Growth	48.70%	74.21%	-24.33%	-15.84%	-76.43%
Accounts Receivable	40.19	45.72	33.78	32.59	65.18
Other Receivables	0.82	0.12	0.07	2.36	2.56
Receivables	41.01	45.84	33.85	34.96	67.74
Inventory	62.78	91.59	83.37	109.88	150.37
Prepaid Expenses	18.5	2.39	3.32	2.42	7.05
Other Current Assets	-	1.01	-	7.26	-
Total Current Assets	143.33	154.97	128.67	165.25	237.92
Property, Plant & Equipment	220.04	220.44	230.72	346.59	322.15
Long-Term Investments	0.15	0.15	0.15	-	-
Other Intangible Assets	0.91	0.14	0.3	0.49	0.55
Long-Term Deferred Tax Assets	-	-	-	4.9	0.3
Other Long-Term Assets	258.58	269.1	228.25	54.27	32.81
Total Assets	623.01	644.8	588.08	571.5	593.73
Accounts Payable	25.17	32.32	30.74	26.38	38.19
Accrued Expenses	0.51	28.84	19.89	18.46	18.58
Short-Term Debt	-	4.83	5.18	11.38	-
Current Portion of Long-Term Debt	138.06	107.22	87	57	56.2
Current Portion of Leases	-	4.72	4.03	3.51	3.37
Current Income Taxes Payable	-	0.27	0.27	0.27	0.9
Current Unearned Revenue	-	2.59	3.69	15.32	6.18
Other Current Liabilities	53.27	33.95	36.6	58.89	39.36
Total Current Liabilities	217	214.74	187.39	191.2	162.77
Long-Term Debt	89.42	53.74	68.87	80	80
Long-Term Leases	-	2.21	0.56	3.73	5.23
Long-Term Deferred Tax Liabilities	18.59	18.59	18.59	6.62	-
Total Liabilities	325.01	289.27	275.41	281.56	248
Common Stock	100.11	100.11	80.83	80.83	80.83
Additional Paid-In Capital	245.11	245.11	205.24	205.24	205.24
Retained Earnings	-	-63.91	-47.18	-1.91	69.03
Comprehensive Income & Other	-48.35	73.1	72.66	4.72	-10.43
Total Common Equity	296.87	354.41	311.55	288.88	344.66
Minority Interest	1.12	1.12	1.13	1.06	1.07
Shareholders' Equity	298	355.54	312.68	289.94	345.73
Total Liabilities & Equity	623.01	644.8	588.08	571.5	593.73
Total Debt	227.47	172.71	165.64	155.62	144.79
Net Cash (Debt)	-206.43	-158.56	-157.52	-144.89	-132.04
Net Cash Per Share	-0.14	-0.12	-0.13	-0.12	-0.11
Filing Date Shares Outstanding	1,441	1,471	1,200	1,200	1,200
Total Common Shares Outstanding	1,441	1,471	1,200	1,200	1,200
Working Capital	-73.68	-59.76	-58.73	-25.95	75.15
Book Value Per Share	0.21	0.24	0.26	0.24	0.29
Tangible Book Value	295.96	354.27	311.25	288.38	344.11
Tangible Book Value Per Share	0.21	0.24	0.26	0.24	0.29
Buildings	-	200.89	200.51	242.37	185.66
Machinery	-	90.35	152.48	153.85	159.62
Construction In Progress	-	-	0.02	64.8	75.58
Leasehold Improvements	-	7.1	6.89	17.2	16.96

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