HKG:1940 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	150.04	183.88	202.62	360.74	297.55
Short-Term Investments	83.79	97.79	81.8	31.15	25.5
Cash & Short-Term Investments	233.83	281.68	284.41	391.89	323.05
Cash Growth	-16.99%	-0.96%	-27.43%	21.31%	-42.42%
Accounts Receivable	650.64	532.77	543.92	567.04	427.21
Other Receivables	13.48	9.86	5.11	10.96	41.31
Receivables	664.13	542.63	549.03	578	468.52
Inventory	6.53	6.51	9.71	11.64	10.15
Other Current Assets	11.4	8.5	9.71	9.27	8.6
Total Current Assets	915.88	839.31	852.86	990.79	810.32
Property, Plant & Equipment	1,520	1,552	1,571	1,604	1,586
Other Intangible Assets	-	-	-	-	0.27
Long-Term Deferred Tax Assets	11.48	4.16	4.96	3.3	2.04
Other Long-Term Assets	0.29	48.05	44.04	8.43	7.04
Total Assets	2,448	2,443	2,473	2,607	2,406
Accounts Payable	183.17	133.66	227.88	381.68	247.28
Accrued Expenses	18.06	17.45	40.04	43.81	42.16
Short-Term Debt	100.46	161.04	200	200	198
Current Portion of Long-Term Debt	12.5	99.16	87	41.76	90.51
Current Portion of Leases	1.77	2.13	2.13	10.83	10.53
Current Income Taxes Payable	22.85	2.23	1.84	14.72	8.84
Current Unearned Revenue	11.1	15.63	6.23	8.85	9.34
Other Current Liabilities	71.61	115.38	103.12	158.83	181.16
Total Current Liabilities	421.5	546.68	668.24	860.49	787.83
Long-Term Debt	161.85	200.11	246	330.77	313.21
Long-Term Leases	0.17	1.25	2.66	2.43	3.2
Long-Term Deferred Tax Liabilities	68.31	51.2	42.63	27.16	19.79
Total Liabilities	651.83	799.24	959.53	1,221	1,124
Common Stock	0.84	0.84	0.84	0.84	0.84
Additional Paid-In Capital	1,144	1,144	1,144	1,144	1,144
Retained Earnings	629.61	473.35	343.3	215.23	102.48
Comprehensive Income & Other	21.38	25.33	24.9	25.38	34.32
Shareholders' Equity	1,796	1,644	1,513	1,386	1,282
Total Liabilities & Equity	2,448	2,443	2,473	2,607	2,406
Total Debt	276.73	463.69	537.79	585.79	615.44
Net Cash (Debt)	-42.91	-182.01	-253.37	-193.9	-292.39
Net Cash Per Share	-0.04	-0.15	-0.21	-0.16	-0.24
Filing Date Shares Outstanding	1,200	1,200	1,200	1,200	1,200
Total Common Shares Outstanding	1,200	1,200	1,200	1,200	1,200
Working Capital	494.38	292.64	184.62	130.31	22.48
Book Value Per Share	1.50	1.37	1.26	1.15	1.07
Tangible Book Value	1,796	1,644	1,513	1,386	1,282
Tangible Book Value Per Share	1.50	1.37	1.26	1.15	1.07
Buildings	240.67	208.85	215.38	215.38	221.79
Machinery	2,309	2,142	2,422	2,381	2,320
Construction In Progress	123.1	269.1	161.04	84.88	14.17
Leasehold Improvements	-	-	54.07	54.07	54.07

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