HKG:2170 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	414.91	572.75	943.22	1,332	1,523
Short-Term Investments	30.61	114.41	2.5	1.27	0.88
Cash & Short-Term Investments	445.52	687.16	945.71	1,333	1,524
Cash Growth	-35.16%	-27.34%	-29.08%	-12.51%	688.60%
Accounts Receivable	174.21	167.85	155.95	132.03	111.85
Other Receivables	12.17	8.35	5.91	5.29	8.41
Receivables	186.38	176.2	161.86	137.33	120.26
Inventory	100.55	92.4	94.11	48.12	33.31
Restricted Cash	4.13	1.36	0.99	-	15.73
Other Current Assets	20.23	22.12	12.5	8.73	9.32
Total Current Assets	756.8	979.24	1,215	1,528	1,703
Property, Plant & Equipment	404.47	396.28	366.6	216.85	54.2
Long-Term Investments	31.06	26.13	20.42	20.38	-
Goodwill	143.13	137.57	147.99	-	-
Other Intangible Assets	92.88	99.6	118.3	0.05	-
Long-Term Deferred Tax Assets	0.94	0.35	0.42	-	1.52
Other Long-Term Assets	17.17	30.12	29.19	14.98	42.48
Total Assets	1,446	1,669	1,898	1,780	1,801
Accounts Payable	34.68	27.62	40.73	16.04	10.7
Accrued Expenses	19.03	24.15	21.4	28.81	23.6
Current Portion of Long-Term Debt	52.02	24.36	10.5	-	20
Current Portion of Leases	1.98	4.41	4.69	2.15	3.05
Current Income Taxes Payable	0.39	0.37	0.31	4.5	-
Current Unearned Revenue	3.3	1.66	0.05	1.62	-
Other Current Liabilities	78.89	112.11	117.6	61.45	2.98
Total Current Liabilities	190.29	194.68	195.27	114.55	60.33
Long-Term Debt	288.67	296.21	259.63	73.39	23.65
Long-Term Leases	0.7	3.45	7.1	-	1.87
Long-Term Deferred Tax Liabilities	27.85	29.86	35.47	-	-
Other Long-Term Liabilities	4.28	3.27	2.52	0.38	-
Total Liabilities	511.78	527.47	499.98	188.33	85.85
Common Stock	273.53	273.53	273.53	273.53	273.53
Additional Paid-In Capital	-	1,677	1,677	1,677	1,677
Retained Earnings	-	-794.62	-557.59	-365.91	-243.24
Comprehensive Income & Other	661.14	-13.12	5.96	7.91	7.91
Total Common Equity	934.67	1,143	1,399	1,593	1,715
Minority Interest	-	-1.25	-1.07	-1.27	-0.43
Shareholders' Equity	934.67	1,142	1,398	1,592	1,715
Total Liabilities & Equity	1,446	1,669	1,898	1,780	1,801
Total Debt	343.36	328.42	281.92	75.54	48.57
Net Cash (Debt)	102.16	358.74	663.8	1,258	1,476
Net Cash Growth	-71.52%	-45.96%	-47.23%	-14.75%	811.97%
Net Cash Per Share	0.37	1.31	2.43	4.60	5.56
Filing Date Shares Outstanding	273.53	273.53	273.53	273.53	273.53
Total Common Shares Outstanding	273.53	273.53	273.53	273.53	273.53
Working Capital	566.51	784.56	1,020	1,413	1,642
Book Value Per Share	3.42	4.18	5.12	5.82	6.27
Tangible Book Value	698.66	905.9	1,133	1,593	1,715
Tangible Book Value Per Share	2.55	3.31	4.14	5.82	6.27
Buildings	267.87	249.02	-	-	-
Machinery	191.92	136.98	88.39	59.83	36.82
Construction In Progress	2.22	36.39	281.68	165.77	19.43
Leasehold Improvements	18.39	10.39	10.14	7.59	6.98

Source: S&P Global Market Intelligence. Standard template. Financial Sources.