HKG:1965 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	196.34	293.74	332.78	358.17	444.09	314.27
Short-Term Investments	13.07	12.82	14.56	17.56	16.78	10.06
Cash & Short-Term Investments	209.41	306.56	347.34	375.72	460.88	324.32
Cash Growth	2.60%	-11.74%	-7.55%	-18.48%	42.10%	-51.11%
Accounts Receivable	231.54	176.5	215.19	309.1	215.43	115.61
Other Receivables	11.3	12.85	12.87	9.37	4.18	133.8
Receivables	242.84	189.34	228.06	318.47	219.6	249.41
Inventory	0.99	0.75	1.09	1.05	1.23	1.84
Restricted Cash	12.92	12.76	4.64	0.78	0.36	-
Other Current Assets	67.57	41.82	110.14	201.19	127.61	17.02
Total Current Assets	533.73	551.23	691.27	897.21	809.67	592.59
Property, Plant & Equipment	10.79	14.52	16.27	18.22	9.09	6.09
Long-Term Investments	8.34	7.62	2.87	3.23	1.61	-
Goodwill	57.77	57.77	181.04	60.75	-	-
Other Intangible Assets	95.04	99.58	127.92	48.72	4.68	3.22
Long-Term Deferred Tax Assets	115.34	111.07	68.1	32.1	15.38	8.69
Other Long-Term Assets	0.21	0.24	0.37	0.75	7.55	5.34
Total Assets	821.21	842.04	1,088	1,061	847.98	615.91
Accounts Payable	310.14	278.92	265.42	148.2	94.34	77.32
Accrued Expenses	102.71	122.3	130.5	134.6	125.03	131.06
Short-Term Debt	19.61	17.21	1.28	1.2	1.15	30.9
Current Portion of Leases	0.34	0.57	0.61	0.57	0.87	0.95
Current Income Taxes Payable	19.78	21.92	25.91	31.53	18.82	28.96
Current Unearned Revenue	221.12	251.56	210.87	207.29	160.28	146.66
Other Current Liabilities	184.65	187.06	166.85	127.82	81.77	71.53
Total Current Liabilities	858.35	879.53	801.43	651.22	482.25	487.39
Long-Term Leases	1.39	1.45	0.75	0.5	0.06	0.14
Long-Term Deferred Tax Liabilities	15.26	16.26	20.54	10.23	-	-
Total Liabilities	874.99	897.24	822.73	661.95	482.31	487.53
Common Stock	3.42	3.42	3.42	3.42	3.42	-
Additional Paid-In Capital	268.02	268.02	268.02	268.02	268.02	-
Retained Earnings	-246.92	-248.53	69.8	204.03	175.61	117.28
Comprehensive Income & Other	-79.12	-79.92	-82.36	-83.71	-85.64	11.1
Total Common Equity	-54.59	-57.01	258.88	391.77	361.42	128.38
Minority Interest	0.82	1.81	6.22	7.26	4.26	-
Shareholders' Equity	-53.78	-55.2	265.1	399.03	365.68	128.38
Total Liabilities & Equity	821.21	842.04	1,088	1,061	847.98	615.91
Total Debt	21.34	19.23	2.64	2.27	2.08	31.99
Net Cash (Debt)	188.07	287.33	344.71	373.45	458.8	292.33
Net Cash Growth	-6.30%	-16.65%	-7.70%	-18.60%	56.94%	36.43%
Net Cash Per Share	0.49	0.75	0.90	0.97	1.40	1.06
Filing Date Shares Outstanding	410.77	410.77	410.77	410.77	410.77	400
Total Common Shares Outstanding	410.77	410.77	410.77	410.77	410.77	276
Working Capital	-324.61	-328.3	-110.17	245.99	327.42	105.2
Book Value Per Share	-0.13	-0.14	0.63	0.95	0.88	0.47
Tangible Book Value	-207.4	-214.36	-50.08	282.3	356.74	125.17
Tangible Book Value Per Share	-0.50	-0.52	-0.12	0.69	0.87	0.45
Buildings	2.43	2.43	2.43	2.43	-	-
Machinery	21.96	21.79	21.34	19.84	8.92	8.08
Leasehold Improvements	14.06	15.16	16.88	13.71	8.77	4.55

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.