HKG:2348 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	1,293	1,166	1,158	905.83	811.68	577.74
Short-Term Investments	-	227.91	242.34	107	88.8	44.3
Trading Asset Securities	299.49	410.49	207.14	160.87	181.36	208.18
Cash & Short-Term Investments	1,592	1,805	1,608	1,174	1,082	830.22
Cash Growth	-1.78%	12.26%	36.98%	8.49%	30.31%	-13.71%
Accounts Receivable	252.31	265.22	267.89	322	402.85	346.78
Other Receivables	-	-	-	-	-	20.8
Receivables	252.31	265.22	267.89	322	402.85	367.58
Inventory	209.03	215.44	308.24	211.11	241.75	203.48
Prepaid Expenses	232.48	8.13	7.38	13.4	14.99	15.5
Other Current Assets	-	-	11	-	2.58	94.26
Total Current Assets	2,286	2,294	2,202	1,720	1,744	1,511
Property, Plant & Equipment	1,143	1,174	1,228	1,217	1,301	1,143
Long-Term Investments	36.48	20	20	20	25.35	87.25
Goodwill	241.16	241.16	241.16	241.16	241.16	241.16
Other Intangible Assets	278.77	128.69	164.77	160.31	109.48	97.99
Long-Term Deferred Tax Assets	0.19	4.91	5.47	18.98	6.86	5.75
Long-Term Deferred Charges	-	143.38	136.16	128	185.54	189.03
Other Long-Term Assets	2.42	3.57	11.08	10.3	7.56	14.36
Total Assets	3,988	4,009	4,009	3,623	3,673	3,340

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Accounts Payable	210.38	173.78	221.56	162.16	224.07	143.21
Accrued Expenses	-	95	99.34	108.27	171.28	156.94
Short-Term Debt	4.48	77.48	29.86	120.06	6.43	21.01
Current Portion of Leases	-	-	1.16	0.36	1.53	0.98
Current Income Taxes Payable	16.44	6.48	2.6	45.23	8.65	15.5
Current Unearned Revenue	-	10.3	32.73	17.9	29.66	14.45
Other Current Liabilities	193.95	130.94	167.35	214.96	490.43	345.01
Total Current Liabilities	425.25	493.97	554.6	668.94	932.06	697.1
Long-Term Leases	-	-	3.7	0.1	0.44	1.53
Long-Term Unearned Revenue	3.18	2.88	3.36	-	0.3	0.6
Long-Term Deferred Tax Liabilities	127.28	127.51	120.95	94.38	89.98	66.87
Other Long-Term Liabilities	-	-	-	-	-	175.6
Total Liabilities	555.71	624.36	682.61	763.43	1,023	941.7

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Common Stock	80.73	80.6	80.53	80.46	80.39	80.37
Additional Paid-In Capital	-	107.39	105.95	104.41	103.09	102.7
Retained Earnings	-	3,187	3,102	2,649	2,436	2,174
Comprehensive Income & Other	3,351	10.17	35.5	21.24	22.51	23.2
Total Common Equity	3,432	3,385	3,324	2,855	2,642	2,381
Minority Interest	-	-	2.4	4.58	7.91	17.15
Shareholders' Equity	3,432	3,385	3,327	2,859	2,650	2,398
Total Liabilities & Equity	3,988	4,009	4,009	3,623	3,673	3,340

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Total Debt	4.48	77.48	34.72	120.53	8.41	23.52
Net Cash (Debt)	1,588	1,727	1,573	1,053	1,073	806.7
Net Cash Growth	-1.50%	9.81%	49.36%	-1.89%	33.06%	-15.90%
Net Cash Per Share	1.06	1.15	1.04	0.70	0.71	0.53
Filing Date Shares Outstanding	1,504	1,503	1,502	1,500	1,499	1,498
Total Common Shares Outstanding	1,504	1,503	1,502	1,500	1,499	1,498
Working Capital	1,861	1,800	1,648	1,051	811.94	813.93
Book Value Per Share	2.28	2.25	2.21	1.90	1.76	1.59
Tangible Book Value	2,912	3,015	2,918	2,453	2,291	2,042
Tangible Book Value Per Share	1.94	2.01	1.94	1.64	1.53	1.36
Buildings	-	812.11	788.38	584.74	531.28	243.42
Machinery	-	668.53	634.79	485.74	721.4	624.16
Construction In Progress	-	56.88	85.57	356.9	495.14	675.2
Leasehold Improvements	-	0.04	6.68	6.66	6.64	6.59