HKG:1908 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	50,626	57,259	54,161	50,280	48,351
Short-Term Investments	1,666	5,202	1,594	3,062	1,453
Trading Asset Securities	-	-	1	5	280.5
Cash & Short-Term Investments	52,292	62,461	55,756	53,347	50,085
Cash Growth	-16.28%	12.03%	4.52%	6.51%	77.43%
Accounts Receivable	3,130	3,549	2,818	1,519	1,579
Other Receivables	7,126	7,567	48,975	41,858	32,180
Receivables	10,256	11,115	51,793	43,377	33,760
Inventory	221,378	247,030	270,923	258,505	231,215
Prepaid Expenses	7,264	6,929	6,042	3,925	2,244
Other Current Assets	39,187	49,851	6,747	3,537	7,655
Total Current Assets	330,377	377,385	391,260	362,691	324,959
Property, Plant & Equipment	813.63	783.09	746.75	638.03	655.4
Long-Term Investments	29,175	25,634	25,750	22,148	14,001
Goodwill	690.23	690.23	690.23	690.23	648.82
Other Intangible Assets	37.18	41.39	42.6	48.36	43.48
Long-Term Deferred Tax Assets	3,634	5,107	7,055	5,875	4,404
Other Long-Term Assets	3,521	2,842	1,732	1,372	1,374
Total Assets	368,248	412,483	427,278	393,463	346,086
Accounts Payable	30,670	30,090	29,956	18,570	21,403
Accrued Expenses	4,527	5,119	12,269	6,975	4,068
Short-Term Debt	6,141	5,341	4,851	2,709	3,672
Current Portion of Long-Term Debt	6,292	6,125	5,922	5,890	6,858
Current Portion of Leases	61.44	67.94	80.39	59.13	55.88
Current Income Taxes Payable	3,299	4,412	4,671	4,529	3,146
Current Unearned Revenue	123,503	159,457	190,922	177,605	148,905
Other Current Liabilities	25,808	20,533	12,189	13,196	18,289
Total Current Liabilities	200,301	231,145	260,860	229,534	206,397
Long-Term Debt	71,013	78,375	73,984	83,448	74,445
Long-Term Leases	108.94	70.75	136.17	141.17	149.12
Long-Term Deferred Tax Liabilities	676.23	388.14	1,358	920.27	827.73
Total Liabilities	272,099	309,978	336,339	314,043	281,820
Common Stock	194.54	174.23	163.15	148.69	117.22
Additional Paid-In Capital	5,795	5,213	5,876	5,873	3,279
Retained Earnings	25,065	21,882	17,614	13,275	9,055
Comprehensive Income & Other	11,042	10,290	9,803	12,341	14,501
Total Common Equity	42,097	37,560	33,456	31,637	26,952
Minority Interest	54,052	64,945	57,482	47,783	37,315
Shareholders' Equity	96,149	102,505	90,939	79,420	64,267
Total Liabilities & Equity	368,248	412,483	427,278	393,463	346,086
Total Debt	83,616	89,979	84,973	92,248	85,180
Net Cash (Debt)	-31,325	-27,518	-29,218	-38,900	-35,095
Net Cash Per Share	-15.21	-14.24	-15.95	-23.97	-26.09
Filing Date Shares Outstanding	2,240	2,017	1,896	1,738	1,378
Total Common Shares Outstanding	2,240	2,017	1,896	1,738	1,378
Working Capital	130,076	146,241	130,400	133,158	118,561
Book Value Per Share	13.44	12.67	11.32	9.86	9.04
Tangible Book Value	41,369	36,828	32,724	30,899	26,259
Tangible Book Value Per Share	13.11	12.31	10.93	9.44	8.53
Land	137.82	145.17	112.51	115.08	116.88
Machinery	238.11	231.02	222.44	204.4	174.56
Construction In Progress	321.35	250.17	119.39	58.84	61.59
Leasehold Improvements	273.37	226.97	215.24	179.18	151.71

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