HKG:2399 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	157.07	45.98	70.32	50.38	131.82
Cash & Short-Term Investments	157.07	45.98	70.32	50.38	131.82
Cash Growth	241.61%	-34.62%	39.59%	-61.79%	-32.97%
Receivables	187.17	383.43	673.63	356.67	217.79
Inventory	33.26	30.58	30.7	54.31	31.24
Other Current Assets	202.47	208.66	162.58	83.64	31.82
Total Current Assets	579.97	668.64	937.23	545	412.68
Property, Plant & Equipment	215.55	217.39	245.59	261.29	279.82
Other Intangible Assets	31.04	35.68	40.17	45.41	9.43
Long-Term Deferred Tax Assets	93.88	77.14	100.26	101.93	75.58
Other Long-Term Assets	381.33	410.52	402.25	380.03	338.94
Total Assets	1,302	1,409	1,725	1,334	1,116
Accounts Payable	261.73	256.91	420.99	251.44	58.98
Accrued Expenses	47.68	54.54	53.18	54.92	52.03
Short-Term Debt	56.35	60.35	36.74	-	-
Current Portion of Long-Term Debt	407.69	402.99	393.44	439.75	430.32
Current Portion of Leases	3.37	1.48	4.19	4.16	2.53
Current Income Taxes Payable	45.47	38.74	25.97	4.93	3.98
Other Current Liabilities	85.88	107.79	39.62	31.52	45.81
Total Current Liabilities	908.15	922.8	974.13	786.72	593.65
Long-Term Debt	33.35	53.51	26.34	68.78	27.39
Long-Term Leases	1.22	0.53	0.87	5.06	3.65
Long-Term Deferred Tax Liabilities	37.74	37.74	37.74	37.74	37.74
Other Long-Term Liabilities	30.03	-	-	-	-
Total Liabilities	1,010	1,015	1,039	898.3	662.43
Common Stock	6.32	6.18	5.63	4.42	4.16
Additional Paid-In Capital	-	599.04	532.8	270.37	214.18
Retained Earnings	-	-303.46	43.93	96.14	196.1
Comprehensive Income & Other	314.5	89.89	35.93	44.37	32.23
Total Common Equity	320.82	391.65	618.28	415.3	446.68
Minority Interest	-29.55	3.14	68.14	20.05	7.34
Shareholders' Equity	291.27	394.79	686.42	435.36	454.01
Total Liabilities & Equity	1,302	1,409	1,725	1,334	1,116
Total Debt	501.97	518.86	461.58	517.75	463.89
Net Cash (Debt)	-344.91	-472.88	-391.26	-467.37	-332.07
Net Cash Per Share	-	-0.17	-0.17	-0.22	-0.17
Filing Date Shares Outstanding	3,047	2,987	2,745	2,212	2,092
Total Common Shares Outstanding	3,047	2,987	2,745	2,212	2,092
Working Capital	-328.18	-254.16	-36.9	-241.72	-180.97
Book Value Per Share	0.11	0.13	0.23	0.19	0.21
Tangible Book Value	289.78	355.96	578.12	369.89	437.25
Tangible Book Value Per Share	0.10	0.12	0.21	0.17	0.21
Buildings	-	28.74	28.02	40.75	65.25
Machinery	-	35.6	35.2	30.99	55.72

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.