HKG:2373 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	1,110	456.16	224.28	164.12	157.28
Short-Term Investments	524.8	463.56	384.93	119.65	-
Trading Asset Securities	907.21	911.06	964.97	626.86	926.34
Cash & Short-Term Investments	2,542	1,831	1,574	910.63	1,084
Cash Growth	38.84%	16.30%	72.87%	-15.96%	35.13%
Accounts Receivable	50.8	56.85	65.44	57.61	42.17
Other Receivables	-	17.93	25.88	14.26	5.35
Receivables	50.8	74.78	91.33	71.87	47.51
Inventory	107.66	207.18	231.38	185.23	133.74
Restricted Cash	28.99	28.45	10.45	10.28	10.25
Other Current Assets	128.58	44.84	28.57	69.77	34.35
Total Current Assets	2,858	2,186	1,936	1,248	1,309
Property, Plant & Equipment	871.17	964.22	954.26	859.87	785.84
Long-Term Investments	58.02	7.59	0.3	0.05	0.07
Goodwill	709.87	653.95	217.53	196.29	194.27
Other Intangible Assets	338.94	350.12	79.98	83.29	90.25
Long-Term Deferred Tax Assets	22.69	41.67	42.11	44.17	35.02
Other Long-Term Assets	187.61	72.91	71.93	63.95	62.38
Total Assets	5,046	4,276	3,302	2,495	2,477
Accounts Payable	36.37	29.89	21.42	7.86	15.44
Accrued Expenses	-	302.07	239.49	199.61	217.22
Short-Term Debt	89.49	-	-	-	-
Current Portion of Long-Term Debt	-	19.84	-	-	-
Current Portion of Leases	209.61	220.34	169.34	150.98	163.18
Current Income Taxes Payable	73.51	42.28	48.53	33.97	31.88
Current Unearned Revenue	2,094	1,979	1,493	1,408	1,348
Other Current Liabilities	406.27	145.2	80.72	108.58	78.35
Total Current Liabilities	2,910	2,739	2,052	1,909	1,854
Long-Term Debt	642.64	129.94	-	-	-
Long-Term Leases	352.69	360.48	393.78	374.52	352.28
Long-Term Deferred Tax Liabilities	74.41	71.96	21.98	8.65	8.74
Total Liabilities	3,979	3,301	2,468	2,292	2,215
Common Stock	0.01	0.01	0.01	0.01	-
Additional Paid-In Capital	247.92	359.8	467.77	84.36	-
Retained Earnings	863.96	546.4	317.94	102.28	191.92
Treasury Stock	-24.89	-	-6.82	-	-
Comprehensive Income & Other	-64.98	38.43	22.99	2.1	65.44
Total Common Equity	1,022	944.64	801.9	188.75	257.36
Minority Interest	44.91	30.6	32.34	14.36	5.17
Shareholders' Equity	1,067	975.24	834.23	203.11	262.54
Total Liabilities & Equity	5,046	4,276	3,302	2,495	2,477
Total Debt	1,294	730.59	563.12	525.5	515.46
Net Cash (Debt)	1,247	1,100	1,011	385.13	568.16
Net Cash Growth	13.39%	8.82%	162.53%	-32.21%	98.50%
Net Cash Per Share	5.38	4.79	4.39	1.92	2.85
Filing Date Shares Outstanding	230.62	235.8	235.8	236.66	199.6
Total Common Shares Outstanding	230.62	235.8	235.8	103.09	199.6
Working Capital	-51.63	-552.84	-116.11	-661.33	-544.27
Book Value Per Share	4.43	4.01	3.40	1.83	1.29
Tangible Book Value	-26.79	-59.44	504.39	-90.83	-27.16
Tangible Book Value Per Share	-0.12	-0.25	2.14	-0.88	-0.14
Land	-	78.02	78.02	78.02	78.02
Buildings	-	40.82	40.82	40.82	40.82
Machinery	-	356.38	309.68	243.6	208.48
Construction In Progress	-	7.7	18.94	15.96	5.58
Leasehold Improvements	-	558.11	518.78	460.81	376.38

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