HKG:1950 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	77.82	54.73	48.95	48.11	28.45	79.64
Short-Term Investments	0.15	0.08	0.14	1.95	-	-
Trading Asset Securities	4.34	5.97	9.52	7.76	36.26	-
Cash & Short-Term Investments	82.31	60.78	58.61	57.82	64.71	79.64
Cash Growth	64.10%	3.71%	1.36%	-10.64%	-18.75%	459.83%
Accounts Receivable	274.51	241.27	242.04	144.77	90.36	69.48
Other Receivables	40.62	5.23	11.25	0.17	0.05	0
Receivables	315.13	246.5	253.29	144.94	90.41	69.49
Inventory	61.77	44.68	108.31	98.24	31.28	17.99
Other Current Assets	193.35	205.45	128.43	6.92	7.68	3.54
Total Current Assets	652.56	557.41	548.64	307.92	194.07	170.66
Property, Plant & Equipment	259.31	254.03	139.53	134.79	115.69	87.21
Long-Term Investments	6.57	5.43	5.51	2.89	2.96	-
Long-Term Deferred Tax Assets	2.7	2.7	1.62	0.78	0.45	0.39
Other Long-Term Assets	2.33	8.12	42.31	-	-	5.75
Total Assets	923.48	827.68	737.59	446.38	313.17	264.01
Accounts Payable	82.58	70.28	51.54	68.66	38.01	19.95
Accrued Expenses	12.35	15.7	14.5	7.88	4.56	5.46
Short-Term Debt	114.06	64.96	26.45	10.45	-	-
Current Income Taxes Payable	1.14	1.3	1.8	7.85	0.05	0.2
Current Unearned Revenue	3.28	3.4	1.29	0.75	0.43	0.37
Total Current Liabilities	213.41	155.65	95.58	95.59	43.05	25.97
Long-Term Unearned Revenue	4.72	3.29	3.42	0.41	0.55	0.68
Total Liabilities	218.13	158.94	99.01	96	43.6	26.66
Common Stock	12.71	12.71	12.71	4.96	4.15	3.5
Additional Paid-In Capital	458.7	458.7	458.7	202.86	166.72	128.42
Retained Earnings	126.3	112.39	82.36	62.91	41.06	43.66
Comprehensive Income & Other	57.26	60.3	60.16	60.41	57.65	61.78
Total Common Equity	654.97	644.09	613.92	331.14	269.58	237.35
Minority Interest	50.39	24.65	24.67	19.24	-	-
Shareholders' Equity	705.35	668.74	638.59	350.38	269.58	237.35
Total Liabilities & Equity	923.48	827.68	737.59	446.38	313.17	264.01
Total Debt	114.06	64.96	26.45	10.45	-	-
Net Cash (Debt)	-31.75	-4.18	32.16	47.37	64.71	79.64
Net Cash Growth	-	-	-32.12%	-26.79%	-18.75%	-
Net Cash Per Share	-0.04	-0.01	0.07	0.18	0.28	0.42
Filing Date Shares Outstanding	720	720	720	288	240	200
Total Common Shares Outstanding	720	720	720	288	240	200
Working Capital	439.15	401.76	453.06	212.34	151.03	144.69
Book Value Per Share	0.91	0.89	0.85	1.15	1.12	1.19
Tangible Book Value	654.97	644.09	613.92	331.14	269.58	237.35
Tangible Book Value Per Share	0.91	0.89	0.85	1.15	1.12	1.19
Buildings	-	116.37	89.71	89.71	46.07	45.7
Machinery	-	93.74	73.13	66.63	62.17	59.23
Construction In Progress	-	61	16.15	8.26	29.92	0.35

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