HKG:2408 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	676.54	42.19	26.76	36.52
Short-Term Investments	-	19.9	13.67	4.1
Trading Asset Securities	-	70.26	25.06	7.01
Cash & Short-Term Investments	676.54	132.35	65.49	47.63
Cash Growth	411.16%	102.09%	37.51%	-
Accounts Receivable	115.24	18.79	16.05	7.49
Other Receivables	0.7	33.5	20.64	13.87
Receivables	115.94	52.29	36.69	21.35
Inventory	34.11	22.67	27.1	16.64
Restricted Cash	-	31.32	21.14	12.11
Other Current Assets	56.21	9.01	6.11	4.8
Total Current Assets	882.79	247.64	156.52	102.53
Property, Plant & Equipment	1,097	831.25	612.14	440.77
Long-Term Investments	0.05	0.05	0.05	-
Other Intangible Assets	3.76	4.15	3.42	3.33
Long-Term Deferred Tax Assets	31.31	27.17	23.25	24.65
Other Long-Term Assets	67.71	50.88	47.12	42.13
Total Assets	2,083	1,161	842.5	613.4
Accounts Payable	160.82	49.83	47.65	24.2
Accrued Expenses	-	24.19	20.1	8.33
Short-Term Debt	-	50	-	9.98
Current Portion of Leases	258.47	194.42	141.32	108.55
Current Income Taxes Payable	11.27	7.46	3.61	0.01
Current Unearned Revenue	131.24	82.63	60.14	36.65
Other Current Liabilities	2.4	81.33	70.46	63.38
Total Current Liabilities	564.19	489.86	343.28	251.09
Long-Term Leases	683.63	540.2	435.23	330.16
Long-Term Unearned Revenue	4.17	4.56	3.56	1.88
Other Long-Term Liabilities	9.28	8.74	6.63	4.31
Total Liabilities	1,261	1,043	788.7	587.43
Common Stock	14.21	12.27	12.27	12.27
Additional Paid-In Capital	-	110.85	109.43	-
Retained Earnings	-	37.64	-23.06	-74.16
Comprehensive Income & Other	807.58	-42.98	-44.85	87.87
Shareholders' Equity	821.8	117.78	53.79	25.97
Total Liabilities & Equity	2,083	1,161	842.5	613.4
Total Debt	942.11	784.62	576.55	448.69
Net Cash (Debt)	-265.56	-652.27	-511.06	-401.06
Net Cash Per Share	-0.43	-1.11	-0.88	-0.69
Filing Date Shares Outstanding	641.37	613.32	575.09	573.38
Total Common Shares Outstanding	641.37	613.32	575.09	573.38
Working Capital	318.6	-242.23	-186.76	-148.57
Book Value Per Share	1.28	0.19	0.09	0.05
Tangible Book Value	818.04	113.63	50.38	22.64
Tangible Book Value Per Share	1.28	0.19	0.09	0.04
Machinery	-	43.59	25.37	16.37
Construction In Progress	-	4.77	5.01	3.23
Leasehold Improvements	-	193.66	119.18	83.41

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