HKG:2025 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	29.37	57.54	40.56	11.55	30.01
Cash & Short-Term Investments	29.37	57.54	40.56	11.55	30.01
Cash Growth	-48.95%	41.88%	251.13%	-61.51%	14.03%
Accounts Receivable	300.06	257.57	270.52	257.09	263.17
Other Receivables	42.23	43.86	34.7	43.13	42.26
Receivables	342.29	301.43	305.22	300.22	305.43
Inventory	297.08	319.68	273.12	273.06	239.6
Other Current Assets	35.87	31.6	18.98	29.37	15.42
Total Current Assets	704.62	710.24	637.87	614.2	590.46
Property, Plant & Equipment	1,116	1,073	941.87	936.13	868.84
Long-Term Deferred Tax Assets	18.41	19.1	20.11	14.96	15.63
Other Long-Term Assets	16.34	40.9	39.29	38.73	36.75
Total Assets	1,856	1,844	1,639	1,604	1,512
Accounts Payable	299.74	373.04	280.81	250.8	233.99
Accrued Expenses	5.53	11.9	7.82	6.39	6.52
Short-Term Debt	69.8	43.79	84.2	230.83	160
Current Portion of Long-Term Debt	96.15	131.99	17	2.44	-
Current Portion of Leases	-	-	-	0.28	0.07
Current Income Taxes Payable	0.22	0.18	0.26	0.04	0.06
Current Unearned Revenue	2.67	10.02	8.88	6.76	5.03
Other Current Liabilities	138.67	95.31	83.89	81.18	83.83
Total Current Liabilities	612.77	666.23	482.86	578.7	489.49
Long-Term Debt	203.81	140.71	142.33	2.18	-
Long-Term Leases	-	-	-	0.07	-
Long-Term Unearned Revenue	31.01	37.02	27.5	33.4	39.97
Long-Term Deferred Tax Liabilities	-	-	1.65	5.12	5.12
Other Long-Term Liabilities	7.19	5.09	-	-	2.91
Total Liabilities	854.78	849.05	654.33	619.47	537.48
Common Stock	66.43	66.43	66.43	66.43	66.43
Additional Paid-In Capital	67.58	82.25	93.2	104.24	116.41
Retained Earnings	858.17	834.91	815.59	804.32	783.91
Comprehensive Income & Other	8.78	10.96	9.6	9.55	7.46
Shareholders' Equity	1,001	994.54	984.81	984.53	974.2
Total Liabilities & Equity	1,856	1,844	1,639	1,604	1,512
Total Debt	369.76	316.49	243.52	235.79	160.07
Net Cash (Debt)	-340.38	-258.95	-202.97	-224.24	-130.06
Net Cash Per Share	-0.43	-0.32	-0.25	-0.28	-0.16
Filing Date Shares Outstanding	800	800	800	800	800
Total Common Shares Outstanding	800	800	800	800	800
Working Capital	91.85	44.01	155.01	35.49	100.97
Book Value Per Share	1.25	1.24	1.23	1.23	1.22
Tangible Book Value	1,001	994.54	984.81	984.53	974.2
Tangible Book Value Per Share	1.25	1.24	1.23	1.23	1.22
Machinery	1,723	1,535	1,408	1,285	988.28
Construction In Progress	130.45	166.84	68.58	88.61	230.88