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	28.42	19.9	13.67	4.1
Trading Asset Securities	-	70.26	25.06	7.01
Cash & Short-Term Investments	704.96	132.35	65.49	47.63
Cash Growth	432.63%	102.09%	37.51%	-
Accounts Receivable	24.35	18.79	16.05	7.49
Other Receivables	50.54	33.5	20.64	13.87
Receivables	74.89	52.29	36.69	21.35
Inventory	34.11	22.67	27.1	16.64
Restricted Cash	56.21	31.32	21.14	12.11
Other Current Assets	12.62	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	79.37	49.83	47.65	24.2
Accrued Expenses	32.11	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	51.73	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	708.41	110.85	109.43	-
Retained Earnings	94.67	37.64	-23.06	-74.16
Comprehensive Income & Other	4.51	-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)	-237.14	-652.27	-511.06	-401.06
Net Cash Per Share	-0.40	-1.11	-0.88	-0.69
Filing Date Shares Outstanding	710.69	613.32	575.09	573.38
Total Common Shares Outstanding	710.69	613.32	575.09	573.38
Working Capital	318.6	-242.23	-186.76	-148.57
Book Value Per Share	1.16	0.19	0.09	0.05
Tangible Book Value	818.04	113.63	50.38	22.64
Tangible Book Value Per Share	1.15	0.19	0.09	0.04
Machinery	63.78	43.59	25.37	16.37
Construction In Progress	9.06	4.77	5.01	3.23
Leasehold Improvements	291.44	193.66	119.18	83.41

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