HKG:2122 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	19.89	16.64	21.94	18.49	19.98	48.33
Cash & Short-Term Investments	19.89	16.64	21.94	18.49	19.98	48.33
Cash Growth	3.21%	-24.16%	18.64%	-7.48%	-58.65%	57.52%
Accounts Receivable	39.38	40.74	57.05	57.55	98.51	94.24
Other Receivables	6.59	7.05	6.65	4.89	29.14	29.68
Receivables	45.97	47.79	63.7	62.44	127.65	123.91
Inventory	172.74	233.53	303.21	419.17	486.22	436.77
Prepaid Expenses	0.07	0.28	0.58	2.02	1.56	-
Restricted Cash	2.91	2.75	2.54	2.07	5.41	5.44
Other Current Assets	45.74	38.19	39.58	41.28	33.27	45.67
Total Current Assets	287.31	339.18	431.54	545.46	674.08	660.12
Property, Plant & Equipment	51.08	83.95	105.54	151.67	167.21	147.02
Long-Term Investments	-	-	-	0.29	0.29	-
Other Intangible Assets	1.89	2.37	7.82	11.78	12.36	8.8
Long-Term Deferred Tax Assets	12.02	13.15	15.99	21.81	22.1	24.4
Other Long-Term Assets	11.64	15.56	19.87	26.05	31.11	24.82
Total Assets	363.93	454.22	580.75	757.06	907.16	865.16
Accounts Payable	113.01	116.96	117.15	95.94	143.6	93.39
Accrued Expenses	36.66	44.9	56.06	94.5	55.38	67.89
Short-Term Debt	106.8	107.22	76.66	83.7	40.48	33.41
Current Portion of Leases	25.96	45.79	61.53	75.94	71.58	70.06
Current Income Taxes Payable	0.42	0.42	0.68	5.3	5.83	5.96
Current Unearned Revenue	7.15	7.88	9.67	9.36	13.36	22.94
Other Current Liabilities	28.85	29.54	26.44	20.39	20.11	20.64
Total Current Liabilities	321.84	352.71	348.19	385.13	350.34	314.3
Long-Term Debt	88.27	154.79	85.3	-	-	-
Long-Term Leases	16.13	27.72	30.99	46.89	69.75	58.92
Pension & Post-Retirement Benefits	0.82	0.83	0.6	-	-	-
Other Long-Term Liabilities	1.18	2.07	2.39	4.47	5.92	5.22
Total Liabilities	428.23	538.12	467.47	436.48	426	378.44
Common Stock	9.75	6.93	6.93	6.93	6.93	6.93
Additional Paid-In Capital	332.3	323.97	323.97	323.97	323.97	323.97
Retained Earnings	-589.62	-523.5	-324.82	-116.04	65.86	64.37
Comprehensive Income & Other	172.7	102.81	100.93	98.89	75.08	83.05
Total Common Equity	-74.87	-89.79	107.01	313.75	471.84	478.31
Minority Interest	5.66	5.89	6.28	6.84	9.32	8.41
Shareholders' Equity	-64.3	-83.9	113.29	320.58	481.15	486.72
Total Liabilities & Equity	363.93	454.22	580.75	757.06	907.16	865.16
Total Debt	240.15	335.52	254.48	206.53	181.8	162.39
Net Cash (Debt)	-220.26	-318.88	-232.54	-188.04	-161.82	-114.06
Net Cash Per Share	-0.24	-0.40	-0.29	-0.24	-0.20	-0.14
Filing Date Shares Outstanding	1,106	800	800	800	800	800
Total Common Shares Outstanding	1,106	800	800	800	800	800
Working Capital	-34.53	-13.52	83.35	160.34	323.75	345.82
Book Value Per Share	-0.07	-0.11	0.13	0.39	0.59	0.60
Tangible Book Value	-76.76	-92.16	99.18	301.97	459.48	469.52
Tangible Book Value Per Share	-0.07	-0.12	0.12	0.38	0.57	0.59
Machinery	-	33.57	34.42	34.1	148.65	31.22
Leasehold Improvements	-	150.24	138.84	125.52	-13.45	150.36

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