HKG:2373 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	711.94	1,110	456.16	224.28	164.12	157.28
Short-Term Investments	765.29	524.8	463.56	384.93	119.65	-
Trading Asset Securities	930.19	907.21	911.06	964.97	626.86	926.34
Cash & Short-Term Investments	2,407	2,542	1,831	1,574	910.63	1,084
Cash Growth	20.52%	38.84%	16.30%	72.87%	-15.96%	35.13%
Accounts Receivable	91.37	74	56.85	65.44	57.61	42.17
Other Receivables	7.37	11.2	17.93	25.88	14.26	5.35
Receivables	98.74	85.2	74.78	91.33	71.87	47.51
Inventory	243.18	155.61	207.18	231.38	185.23	133.74
Restricted Cash	28.71	28.99	28.45	10.45	10.28	10.25
Other Current Assets	69.03	46.23	44.84	28.57	69.77	34.35
Total Current Assets	2,847	2,858	2,186	1,936	1,248	1,309
Property, Plant & Equipment	999.33	871.17	964.22	954.26	859.87	785.84
Long-Term Investments	27.37	58.02	7.59	0.3	0.05	0.07
Goodwill	1,634	709.87	653.95	217.53	196.29	194.27
Other Intangible Assets	775.35	338.94	350.12	79.98	83.29	90.25
Long-Term Deferred Tax Assets	50.72	22.69	41.67	42.11	44.17	35.02
Other Long-Term Assets	97.46	187.61	72.91	71.93	63.95	62.38
Total Assets	6,431	5,046	4,276	3,302	2,495	2,477

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	50.19	36.37	29.89	21.42	7.86	15.44
Accrued Expenses	405.61	336.49	302.07	239.49	199.61	217.22
Current Portion of Long-Term Debt	68.99	89.49	19.84	-	-	-
Current Portion of Leases	287.71	209.61	220.34	169.34	150.98	163.18
Current Income Taxes Payable	73.57	76.4	45.02	48.53	33.97	31.88
Current Unearned Revenue	2,687	2,094	1,979	1,493	1,408	1,348
Other Current Liabilities	242.6	66.89	142.46	80.72	108.58	78.35
Total Current Liabilities	3,816	2,910	2,739	2,052	1,909	1,854
Long-Term Debt	597.31	642.64	129.94	-	-	-
Long-Term Leases	364.18	352.69	360.48	393.78	374.52	352.28
Long-Term Deferred Tax Liabilities	187.33	74.41	71.96	21.98	8.65	8.74
Total Liabilities	4,964	3,979	3,301	2,468	2,292	2,215

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	0.01	0.01	0.01	0.01	0.01	-
Additional Paid-In Capital	456.38	247.92	359.8	467.77	84.36	-
Retained Earnings	1,086	863.96	546.4	317.94	102.28	191.92
Treasury Stock	-63.33	-24.89	-	-6.82	-	-
Comprehensive Income & Other	-73.66	-64.98	38.43	22.99	2.1	65.44
Total Common Equity	1,406	1,022	944.64	801.9	188.75	257.36
Minority Interest	61.38	44.91	30.6	32.34	14.36	5.17
Shareholders' Equity	1,467	1,067	975.24	834.23	203.11	262.54
Total Liabilities & Equity	6,431	5,046	4,276	3,302	2,495	2,477

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	1,318	1,294	730.59	563.12	525.5	515.46
Net Cash (Debt)	1,089	1,247	1,100	1,011	385.13	568.16
Net Cash Growth	-10.60%	13.39%	8.82%	162.53%	-32.21%	98.50%
Net Cash Per Share	4.55	5.38	4.79	4.39	1.92	2.85
Filing Date Shares Outstanding	243.32	234.86	235.8	235.8	236.66	199.6
Total Common Shares Outstanding	243.32	234.86	235.8	235.8	103.09	199.6
Working Capital	-968.44	-51.63	-552.84	-116.11	-661.33	-544.27
Book Value Per Share	5.78	4.35	4.01	3.40	1.83	1.29
Tangible Book Value	-1,004	-26.79	-59.44	504.39	-90.83	-27.16
Tangible Book Value Per Share	-4.13	-0.11	-0.25	2.14	-0.88	-0.14
Land	-	78.02	78.02	78.02	78.02	78.02
Buildings	-	40.82	40.82	40.82	40.82	40.82
Machinery	-	347.65	356.38	309.68	243.6	208.48
Construction In Progress	-	4.94	7.7	18.94	15.96	5.58
Leasehold Improvements	-	583.33	558.11	518.78	460.81	376.38