HKG:1938 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	21.45	53.32	32.19	16.13	20.59
Short-Term Investments	-	227.6	228.52	251.07	617.87
Cash & Short-Term Investments	21.45	280.92	260.72	267.19	638.46
Cash Growth	-92.36%	7.75%	-2.43%	-58.15%	3.72%
Accounts Receivable	471.46	371.73	311.95	378.86	503.11
Other Receivables	-	4.93	16.62	9.73	49.51
Receivables	471.46	376.66	328.57	388.59	552.62
Inventory	2,132	2,625	2,606	2,616	3,057
Restricted Cash	4.7	52.95	5.73	14.92	249.72
Other Current Assets	536.21	349.54	327.45	418.31	457.97
Total Current Assets	3,166	3,686	3,529	3,705	4,956
Property, Plant & Equipment	2,356	2,419	2,471	2,416	2,535
Other Long-Term Assets	399.25	401.13	421.55	434.41	431.49
Total Assets	5,921	6,506	6,421	6,555	7,923
Accounts Payable	1,039	1,063	942.59	636.07	1,290
Accrued Expenses	-	238.17	215.88	275.88	222.35
Short-Term Debt	-	969.25	880.57	776.44	808.78
Current Portion of Long-Term Debt	1,090	61.7	861.85	578.81	610.33
Current Portion of Leases	-	0.52	0.46	0.69	0.33
Current Income Taxes Payable	388.11	659.92	294.51	43.82	25.84
Current Unearned Revenue	185.32	555.51	742.78	704.26	1,352
Other Current Liabilities	755.45	564.49	435.7	611.73	501.17
Total Current Liabilities	3,458	4,113	4,374	3,628	4,810
Long-Term Debt	677.86	841.14	153.28	810.2	839.91
Long-Term Leases	-	0.03	0.53	0.04	-
Long-Term Unearned Revenue	131.87	141.14	146.79	102.59	330.21
Long-Term Deferred Tax Liabilities	157.84	171.58	183.77	294.29	349.58
Other Long-Term Liabilities	-	-	486.61	789.19	767.93
Total Liabilities	4,426	5,267	5,345	5,624	7,098
Common Stock	88.86	88.86	88.86	88.86	88.86
Additional Paid-In Capital	-	991.69	991.69	991.69	991.69
Retained Earnings	-	-401.4	-619.78	-803.56	-966.59
Comprehensive Income & Other	1,406	559.99	615.31	653.95	711.56
Total Common Equity	1,495	1,239	1,076	930.94	825.52
Shareholders' Equity	1,495	1,239	1,076	930.94	825.52
Total Liabilities & Equity	5,921	6,506	6,421	6,555	7,923
Total Debt	1,768	1,873	1,897	2,166	2,259
Net Cash (Debt)	-1,746	-1,592	-1,636	-1,899	-1,621
Net Cash Per Share	-1.73	-1.57	-1.62	-1.88	-1.60
Filing Date Shares Outstanding	1,011	1,011	1,011	1,011	1,011
Total Common Shares Outstanding	1,011	1,011	1,011	1,011	1,011
Working Capital	-292.4	-427.36	-845.74	76.83	146.16
Book Value Per Share	1.48	1.23	1.06	0.92	0.82
Tangible Book Value	1,495	1,239	1,076	930.94	825.52
Tangible Book Value Per Share	1.48	1.23	1.06	0.92	0.82
Buildings	-	749.85	749.85	674.32	660.84
Machinery	-	2,053	2,086	2,063	2,053
Construction In Progress	-	131.57	95.76	99.24	168.48

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