HKG:1935 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	681.5	1,596	1,996	1,501	1,227
Short-Term Investments	1,157	481.02	108.42	9.65	51.84
Cash & Short-Term Investments	1,838	2,077	2,104	1,511	1,279
Cash Growth	-11.51%	-1.29%	39.31%	18.09%	11.11%
Accounts Receivable	2.47	1.85	1.58	1.75	0.61
Other Receivables	19.24	9.39	6.09	3.92	2.59
Receivables	31.7	37.24	27.67	5.67	3.19
Prepaid Expenses	4.18	2.55	0.99	1.33	1.65
Other Current Assets	1.11	91.34	1.13	1.22	1.18
Total Current Assets	1,875	2,208	2,134	1,519	1,285
Property, Plant & Equipment	3,017	2,104	1,708	1,701	1,585
Long-Term Investments	502.8	-	4.5	-	-
Goodwill	111	111	111	111	111
Other Intangible Assets	28.25	25.26	10.73	9.85	10.89
Other Long-Term Assets	390.05	233.07	182.97	185.76	22.75
Total Assets	5,925	4,706	4,164	3,526	3,015
Accounts Payable	15.5	12.45	9.37	6.8	4.43
Accrued Expenses	92.96	89.93	86.09	53.71	47.57
Short-Term Debt	233.29	-	-	-	-
Current Portion of Leases	1.76	0.25	0.4	0.23	0.37
Current Income Taxes Payable	2.8	84.78	1.28	2.78	2.7
Current Unearned Revenue	563.23	534.54	526.56	440.41	384.22
Other Current Liabilities	122.53	107.53	106.25	74.78	114.83
Total Current Liabilities	1,032	829.48	729.95	578.71	554.12
Long-Term Debt	710.26	-	-	-	-
Long-Term Leases	0.14	-	0.24	-	0.2
Long-Term Unearned Revenue	38.22	35.44	30.3	27.26	23.33
Other Long-Term Liabilities	0.87	0.32	0.11	0.22	0.73
Total Liabilities	1,782	865.23	760.59	606.19	578.37
Common Stock	110.36	110.36	110.36	110.36	110.36
Additional Paid-In Capital	51.19	51.19	51.19	72.79	72.79
Retained Earnings	3,005	2,779	2,467	2,078	1,712
Comprehensive Income & Other	71.75	71.93	72.46	70.76	59.91
Total Common Equity	3,238	3,013	2,701	2,332	1,955
Minority Interest	904.79	828.17	702.56	587.95	481.73
Shareholders' Equity	4,143	3,841	3,403	2,920	2,436
Total Liabilities & Equity	5,925	4,706	4,164	3,526	3,015
Total Debt	945.44	0.25	0.65	0.23	0.57
Net Cash (Debt)	892.67	2,077	2,104	1,510	1,279
Net Cash Growth	-57.02%	-1.27%	39.29%	18.12%	11.10%
Net Cash Per Share	0.56	1.30	1.31	0.94	0.80
Filing Date Shares Outstanding	1,601	1,601	1,601	1,601	1,601
Total Common Shares Outstanding	1,601	1,601	1,601	1,601	1,601
Working Capital	843.04	1,379	1,404	940.07	731.07
Book Value Per Share	2.02	1.88	1.69	1.46	1.22
Tangible Book Value	3,099	2,877	2,579	2,211	1,833
Tangible Book Value Per Share	1.94	1.80	1.61	1.38	1.14
Land	5.77	5.54	-	-	-
Machinery	373.62	334.87	324.55	292.43	266.77
Construction In Progress	796.77	29.77	6.12	5.57	78.29
Leasehold Improvements	303.24	182.7	150.49	108.26	83.12

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