HKG:2023 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	42.68	32.09	31.58	50.79	24.26
Short-Term Investments	1.85	1.81	0.9	2.95	2.25
Cash & Short-Term Investments	44.52	33.9	32.47	53.74	26.5
Cash Growth	31.34%	4.39%	-39.57%	102.75%	-51.32%
Accounts Receivable	226.83	204.25	193.77	120.57	96.8
Other Receivables	44.1	28.37	28.05	28.31	5.21
Receivables	270.93	232.61	221.82	148.87	102.01
Inventory	62.75	57.59	48.64	49.92	56.86
Other Current Assets	365.94	358.69	196.33	124.2	164.98
Total Current Assets	744.14	682.8	499.25	376.73	350.36
Property, Plant & Equipment	1,068	879.03	699.74	584.39	328.31
Long-Term Investments	45.15	48.5	51.5	56.5	54.5
Other Intangible Assets	1.48	0.01	0.04	0.14	0.18
Long-Term Deferred Tax Assets	3.32	2.77	2.03	1.86	0.05
Long-Term Deferred Charges	-	1.58	1.56	0.5	-
Other Long-Term Assets	66.18	80.13	134.89	130.12	200.36
Total Assets	1,929	1,695	1,389	1,150	933.76
Accounts Payable	410.9	331.24	198.93	85.99	147.56
Accrued Expenses	131.16	196.82	31.16	12.2	10.52
Current Portion of Long-Term Debt	463.76	341.73	383.94	131.72	284.46
Current Portion of Leases	4.12	18	16.52	16.92	4.34
Current Income Taxes Payable	0.35	0.76	-	2.6	2.03
Current Unearned Revenue	28.73	57.52	16.35	14.82	21.62
Other Current Liabilities	3.03	3.09	1.88	2.97	3.2
Total Current Liabilities	1,042	949.15	648.79	267.21	473.72
Long-Term Debt	236.28	276.42	304.54	465.53	69.93
Long-Term Leases	0.92	4.6	7.96	24.34	1.68
Long-Term Unearned Revenue	9.18	9.49	9.81	10.22	0.35
Long-Term Deferred Tax Liabilities	42.2	7.76	8.35	8.54	8.31
Total Liabilities	1,331	1,247	979.45	775.84	553.99
Common Stock	3.9	3.9	3.9	3.9	3.9
Additional Paid-In Capital	150.14	150.14	150.14	150.14	150.14
Retained Earnings	419.3	427.71	369.24	325.66	303.33
Comprehensive Income & Other	24.26	-134.72	-114.1	-107.06	-79.62
Total Common Equity	597.6	447.03	409.18	372.64	377.76
Minority Interest	0.37	0.37	0.38	1.74	2.01
Shareholders' Equity	597.97	447.4	409.57	374.38	379.77
Total Liabilities & Equity	1,929	1,695	1,389	1,150	933.76
Total Debt	705.09	640.76	712.97	638.51	360.4
Net Cash (Debt)	-660.57	-606.86	-680.5	-584.77	-333.9
Net Cash Per Share	-1.34	-1.23	-1.38	-1.19	-0.68
Filing Date Shares Outstanding	491.8	491.8	491.8	491.8	491.8
Total Common Shares Outstanding	491.8	491.8	491.8	491.8	491.8
Working Capital	-297.92	-266.36	-149.54	109.52	-123.37
Book Value Per Share	1.22	0.91	0.83	0.76	0.77
Tangible Book Value	596.12	447.02	409.14	372.5	377.57
Tangible Book Value Per Share	1.21	0.91	0.83	0.76	0.77
Buildings	738.25	92.36	92.52	79.53	79.07
Machinery	144.03	121.84	98.74	96.95	87.44
Construction In Progress	94.34	690.02	537.09	422.32	184.77

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.