HKG:1956 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cash & Equivalents	324.62	445.03	524.41
Short-Term Investments	29.01	7.04	3.1
Trading Asset Securities	26.11	70.92	-
Cash & Short-Term Investments	379.73	522.99	527.51
Cash Growth	-27.39%	-0.86%	-
Accounts Receivable	255.54	178.29	130.69
Other Receivables	9.47	6.92	9.39
Receivables	265.01	185.21	140.08
Inventory	55.61	36.41	48.47
Restricted Cash	26.2	5.32	2.62
Other Current Assets	29.01	14.25	4.78
Total Current Assets	755.56	764.17	723.46
Property, Plant & Equipment	32.72	37.04	65.69
Long-Term Investments	10	10.52	10.19
Goodwill	50.83	-	-
Other Intangible Assets	9.46	5.63	3.98
Other Long-Term Assets	3.04	2.58	3.83
Total Assets	861.61	819.94	807.15
Accounts Payable	84.58	62.65	54.47
Accrued Expenses	43.89	34.43	22.16
Current Portion of Long-Term Debt	28.92	-	-
Current Portion of Leases	11.62	11.32	18.64
Current Income Taxes Payable	20.6	14.62	12.48
Current Unearned Revenue	48.74	48.4	68.79
Other Current Liabilities	19.2	15.61	17.39
Total Current Liabilities	257.54	187.02	193.93
Long-Term Debt	40.52	-	-
Long-Term Leases	6.87	3.04	17.17
Long-Term Deferred Tax Liabilities	0.03	0.32	0.53
Other Long-Term Liabilities	52.56	-	-
Total Liabilities	357.52	190.38	211.63
Common Stock	158.27	156.43	150
Additional Paid-In Capital	1,182	1,132	942.2
Retained Earnings	-903.9	-729.6	-572.74
Comprehensive Income & Other	59.77	71.14	76.52
Total Common Equity	495.87	629.56	595.97
Minority Interest	8.23	-	-0.46
Shareholders' Equity	504.1	629.56	595.52
Total Liabilities & Equity	861.61	819.94	807.15
Total Debt	87.92	14.36	35.82
Net Cash (Debt)	291.81	508.62	491.69
Net Cash Growth	-42.63%	3.44%	-
Net Cash Per Share	1.85	3.38	3.28
Filing Date Shares Outstanding	158.27	150.58	150
Total Common Shares Outstanding	158.27	150.58	150
Working Capital	498.01	577.15	529.52
Book Value Per Share	3.13	4.18	3.97
Tangible Book Value	435.58	623.93	591.99
Tangible Book Value Per Share	2.75	4.14	3.95
Machinery	55.72	50.09	43.89
Leasehold Improvements	11.84	8.91	8.91
Order Backlog	288.87	133.49	168.69