HKG:1938 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	44.6	53.32	32.19	16.13	20.59	19.47
Short-Term Investments	-	227.6	228.52	251.07	617.87	596.12
Cash & Short-Term Investments	44.6	280.92	260.72	267.19	638.46	615.58
Cash Growth	-40.64%	7.75%	-2.43%	-58.15%	3.72%	8.88%
Accounts Receivable	508.99	371.73	311.95	378.86	503.11	511.54
Other Receivables	-	4.93	16.62	9.73	49.51	68.6
Receivables	508.99	376.66	328.57	388.59	552.62	580.14
Inventory	2,083	2,625	2,606	2,616	3,057	2,846
Restricted Cash	97.65	52.95	5.73	14.92	249.72	22.71
Other Current Assets	752.38	349.54	327.45	418.31	457.97	442.9
Total Current Assets	3,487	3,686	3,529	3,705	4,956	4,507
Property, Plant & Equipment	2,390	2,419	2,471	2,416	2,535	3,561
Long-Term Investments	-	-	-	-	-	10.51
Other Long-Term Assets	412.24	401.13	421.55	434.41	431.49	462.68
Total Assets	6,289	6,506	6,421	6,555	7,923	8,542
Accounts Payable	1,026	1,063	942.59	636.07	1,290	614.51
Accrued Expenses	-	238.17	215.88	275.88	222.35	379.33
Short-Term Debt	848.87	969.25	880.57	776.44	808.78	1,191
Current Portion of Long-Term Debt	130.84	61.7	861.85	578.81	610.33	1,100
Current Portion of Leases	0.29	0.52	0.46	0.69	0.33	2.01
Current Income Taxes Payable	654.11	659.92	294.51	43.82	25.84	417.93
Current Unearned Revenue	337.15	555.51	742.78	704.26	1,352	1,287
Other Current Liabilities	797.27	564.49	435.7	611.73	501.17	465.47
Total Current Liabilities	3,794	4,113	4,374	3,628	4,810	5,457
Long-Term Debt	744.24	841.14	153.28	810.2	839.91	1,537
Long-Term Leases	-	0.03	0.53	0.04	-	0.35
Long-Term Unearned Revenue	138.4	141.14	146.79	102.59	330.21	336.01
Long-Term Deferred Tax Liabilities	160.35	171.58	183.77	294.29	349.58	353.88
Other Long-Term Liabilities	-	-	486.61	789.19	767.93	-
Total Liabilities	4,837	5,267	5,345	5,624	7,098	7,685
Common Stock	88.86	88.86	88.86	88.86	88.86	88.86
Additional Paid-In Capital	991.69	991.69	991.69	991.69	991.69	991.69
Retained Earnings	-229.66	-401.4	-619.78	-803.56	-966.59	-872.24
Comprehensive Income & Other	601.04	559.99	615.31	653.95	711.56	648.39
Total Common Equity	1,452	1,239	1,076	930.94	825.52	856.7
Shareholders' Equity	1,452	1,239	1,076	930.94	825.52	856.7
Total Liabilities & Equity	6,289	6,506	6,421	6,555	7,923	8,542
Total Debt	1,724	1,873	1,897	2,166	2,259	3,831
Net Cash (Debt)	-1,680	-1,592	-1,636	-1,899	-1,621	-3,215
Net Cash Per Share	-1.66	-1.57	-1.62	-1.88	-1.60	-3.18
Filing Date Shares Outstanding	1,011	1,011	1,011	1,011	1,011	1,011
Total Common Shares Outstanding	1,011	1,011	1,011	1,011	1,011	1,011
Working Capital	-307.19	-427.36	-845.74	76.83	146.16	-950.2
Book Value Per Share	1.44	1.23	1.06	0.92	0.82	0.85
Tangible Book Value	1,452	1,239	1,076	930.94	825.52	856.7
Tangible Book Value Per Share	1.44	1.23	1.06	0.92	0.82	0.85
Buildings	-	749.85	749.85	674.32	660.84	660.84
Machinery	-	2,053	2,086	2,063	2,053	2,232
Construction In Progress	-	131.57	95.76	99.24	168.48	712.91

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