HKG:2399 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	16.4	45.98	70.32	50.38	131.82	196.65
Cash & Short-Term Investments	16.4	45.98	70.32	50.38	131.82	196.65
Cash Growth	-59.97%	-34.62%	39.59%	-61.79%	-32.97%	-58.63%
Receivables	298.45	383.43	673.63	356.67	217.79	163.12
Inventory	33.18	30.58	30.7	54.31	31.24	56.7
Other Current Assets	216.98	208.66	162.58	83.64	31.82	59.13
Total Current Assets	565.02	668.64	937.23	545	412.68	475.6
Property, Plant & Equipment	214.18	217.39	245.59	261.29	279.82	307.02
Other Intangible Assets	33.37	35.68	40.17	45.41	9.43	57.46
Long-Term Deferred Tax Assets	85.72	77.14	100.26	101.93	75.58	85.72
Other Long-Term Assets	408.32	410.52	402.25	380.03	338.94	280.04
Total Assets	1,307	1,409	1,725	1,334	1,116	1,206
Accounts Payable	259.79	256.91	420.99	251.44	58.98	22.75
Accrued Expenses	49.02	54.54	53.18	54.92	52.03	52.78
Short-Term Debt	66.35	60.35	36.74	-	-	-
Current Portion of Long-Term Debt	396.88	402.99	393.44	439.75	430.32	471.3
Current Portion of Leases	2.98	1.48	4.19	4.16	2.53	0.33
Current Income Taxes Payable	39.69	38.74	25.97	4.93	3.98	-
Other Current Liabilities	63.24	107.79	39.62	31.52	45.81	45.41
Total Current Liabilities	877.94	922.8	974.13	786.72	593.65	592.58
Long-Term Debt	34.13	53.51	26.34	68.78	27.39	38.89
Long-Term Leases	2.04	0.53	0.87	5.06	3.65	-
Long-Term Deferred Tax Liabilities	37.74	37.74	37.74	37.74	37.74	31
Total Liabilities	951.85	1,015	1,039	898.3	662.43	662.47
Common Stock	6.32	6.18	5.63	4.42	4.16	3.82
Additional Paid-In Capital	626.4	599.04	532.8	270.37	214.18	136.87
Retained Earnings	-375.26	-303.46	43.93	96.14	196.1	374.12
Comprehensive Income & Other	101.48	89.89	35.93	44.37	32.23	28.56
Total Common Equity	358.94	391.65	618.28	415.3	446.68	543.37
Minority Interest	-4.18	3.14	68.14	20.05	7.34	-
Shareholders' Equity	354.75	394.79	686.42	435.36	454.01	543.37
Total Liabilities & Equity	1,307	1,409	1,725	1,334	1,116	1,206
Total Debt	502.37	518.86	461.58	517.75	463.89	510.53
Net Cash (Debt)	-485.96	-472.88	-391.26	-467.37	-332.07	-313.87
Net Cash Per Share	-0.16	-0.17	-0.17	-0.22	-0.17	-0.16
Filing Date Shares Outstanding	3,047	2,987	2,745	2,212	2,092	1,924
Total Common Shares Outstanding	3,047	2,987	2,745	2,212	2,092	1,924
Working Capital	-312.93	-254.16	-36.9	-241.72	-180.97	-116.97
Book Value Per Share	0.12	0.13	0.23	0.19	0.21	0.28
Tangible Book Value	325.57	355.96	578.12	369.89	437.25	485.92
Tangible Book Value Per Share	0.11	0.12	0.21	0.17	0.21	0.25
Buildings	-	28.74	28.02	40.75	65.25	110.58
Machinery	-	35.6	35.2	30.99	55.72	64.21

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