HKG:1965 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	335.26	293.74	332.78	358.17	444.09
Short-Term Investments	-	12.82	14.56	17.56	16.78
Cash & Short-Term Investments	335.26	306.56	347.34	375.72	460.88
Cash Growth	9.36%	-11.74%	-7.55%	-18.48%	42.10%
Accounts Receivable	197.02	176.5	215.19	309.1	215.43
Other Receivables	-	12.85	12.87	9.37	4.18
Receivables	197.02	189.34	228.06	318.47	219.6
Inventory	0.23	0.75	1.09	1.05	1.23
Restricted Cash	9.54	12.76	4.64	0.78	0.36
Other Current Assets	68.07	41.82	110.14	201.19	127.61
Total Current Assets	610.12	551.23	691.27	897.21	809.67
Property, Plant & Equipment	24.06	14.52	16.27	18.22	9.09
Long-Term Investments	8.19	7.62	2.87	3.23	1.61
Goodwill	57.77	57.77	181.04	60.75	-
Other Intangible Assets	85.92	99.58	127.92	48.72	4.68
Long-Term Deferred Tax Assets	104.71	111.07	68.1	32.1	15.38
Other Long-Term Assets	12.55	0.24	0.37	0.75	7.55
Total Assets	903.32	842.04	1,088	1,061	847.98
Accounts Payable	642.43	278.92	265.42	148.2	94.34
Accrued Expenses	-	122.3	130.5	134.6	125.03
Short-Term Debt	-	17.21	1.28	1.2	1.15
Current Portion of Leases	1.1	0.57	0.61	0.57	0.87
Current Income Taxes Payable	23.3	21.92	25.91	31.53	18.82
Current Unearned Revenue	251.2	251.56	210.87	207.29	160.28
Other Current Liabilities	-	187.06	166.85	127.82	81.77
Total Current Liabilities	918.03	879.53	801.43	651.22	482.25
Long-Term Leases	1.51	1.45	0.75	0.5	0.06
Long-Term Deferred Tax Liabilities	14.28	16.26	20.54	10.23	-
Total Liabilities	933.82	897.24	822.73	661.95	482.31
Common Stock	3.42	3.42	3.42	3.42	3.42
Additional Paid-In Capital	-	268.02	268.02	268.02	268.02
Retained Earnings	-	-248.53	69.8	204.03	175.61
Comprehensive Income & Other	-35.26	-79.92	-82.36	-83.71	-85.64
Total Common Equity	-31.84	-57.01	258.88	391.77	361.42
Minority Interest	1.34	1.81	6.22	7.26	4.26
Shareholders' Equity	-30.5	-55.2	265.1	399.03	365.68
Total Liabilities & Equity	903.32	842.04	1,088	1,061	847.98
Total Debt	2.61	19.23	2.64	2.27	2.08
Net Cash (Debt)	332.65	287.33	344.71	373.45	458.8
Net Cash Growth	15.77%	-16.65%	-7.70%	-18.60%	56.94%
Net Cash Per Share	0.87	0.75	0.90	0.97	1.40
Filing Date Shares Outstanding	383.86	410.77	410.77	410.77	410.77
Total Common Shares Outstanding	383.86	410.77	410.77	410.77	410.77
Working Capital	-307.91	-328.3	-110.17	245.99	327.42
Book Value Per Share	-0.08	-0.14	0.63	0.95	0.88
Tangible Book Value	-175.53	-214.36	-50.08	282.3	356.74
Tangible Book Value Per Share	-0.46	-0.52	-0.12	0.69	0.87
Buildings	-	2.43	2.43	2.43	-
Machinery	-	21.79	21.34	19.84	8.92
Leasehold Improvements	-	15.16	16.88	13.71	8.77

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