HKG:2122 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	22.07	16.64	21.94	18.49	19.98
Cash & Short-Term Investments	22.07	16.64	21.94	18.49	19.98
Cash Growth	32.65%	-24.16%	18.64%	-7.48%	-58.65%
Accounts Receivable	42.88	40.74	57.05	57.55	98.51
Other Receivables	47.43	7.05	6.65	4.89	29.14
Receivables	90.31	47.79	63.7	62.44	127.65
Inventory	148.22	233.53	303.21	419.17	486.22
Prepaid Expenses	-	0.28	0.58	2.02	1.56
Restricted Cash	2.93	2.75	2.54	2.07	5.41
Other Current Assets	0.17	38.19	39.58	41.28	33.27
Total Current Assets	263.69	339.18	431.54	545.46	674.08
Property, Plant & Equipment	89.92	83.95	105.54	151.67	167.21
Long-Term Investments	-	-	-	0.29	0.29
Other Intangible Assets	1.14	2.37	7.82	11.78	12.36
Long-Term Deferred Tax Assets	11.41	13.15	15.99	21.81	22.1
Other Long-Term Assets	11.52	15.56	19.87	26.05	31.11
Total Assets	377.67	454.22	580.75	757.06	907.16
Accounts Payable	111.23	116.96	117.15	95.94	143.6
Accrued Expenses	-	44.9	56.06	94.5	55.38
Short-Term Debt	120.04	107.22	76.66	83.7	40.48
Current Portion of Leases	35.89	45.79	61.53	75.94	71.58
Current Income Taxes Payable	0.38	0.42	0.68	5.3	5.83
Current Unearned Revenue	10.8	7.88	9.67	9.36	13.36
Other Current Liabilities	70.56	29.54	26.44	20.39	20.11
Total Current Liabilities	348.9	352.71	348.19	385.13	350.34
Long-Term Debt	110.23	154.79	85.3	-	-
Long-Term Leases	43.91	27.72	30.99	46.89	69.75
Pension & Post-Retirement Benefits	-	0.83	0.6	-	-
Other Long-Term Liabilities	2.8	2.07	2.39	4.47	5.92
Total Liabilities	505.83	538.12	467.47	436.48	426
Common Stock	9.75	6.93	6.93	6.93	6.93
Additional Paid-In Capital	-	323.97	323.97	323.97	323.97
Retained Earnings	-148.41	-523.5	-324.82	-116.04	65.86
Comprehensive Income & Other	-	102.81	100.93	98.89	75.08
Total Common Equity	-138.66	-89.79	107.01	313.75	471.84
Minority Interest	5.12	5.89	6.28	6.84	9.32
Shareholders' Equity	-128.16	-83.9	113.29	320.58	481.15
Total Liabilities & Equity	377.67	454.22	580.75	757.06	907.16
Total Debt	310.06	335.52	254.48	206.53	181.8
Net Cash (Debt)	-287.99	-318.88	-232.54	-188.04	-161.82
Net Cash Per Share	-0.27	-0.40	-0.29	-0.24	-0.20
Filing Date Shares Outstanding	1,106	800	800	800	800
Total Common Shares Outstanding	1,106	800	800	800	800
Working Capital	-85.21	-13.52	83.35	160.34	323.75
Book Value Per Share	-0.13	-0.11	0.13	0.39	0.59
Tangible Book Value	-139.79	-92.16	99.18	301.97	459.48
Tangible Book Value Per Share	-0.13	-0.12	0.12	0.38	0.57
Machinery	-	33.57	34.42	34.1	148.65
Leasehold Improvements	-	150.24	138.84	125.52	-13.45

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