HKG:2411 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	1,946	1,758	2,115	1,466	564.67
Short-Term Investments	1,619	53.59	-	-	250
Trading Asset Securities	153.89	691.44	180.43	623.8	1,040
Cash & Short-Term Investments	3,719	2,503	2,295	2,090	1,855
Cash Growth	48.58%	9.06%	9.84%	12.67%	73.42%
Accounts Receivable	772.83	1,328	1,355	1,288	1,394
Other Receivables	38.11	183.77	149.56	115.27	89.08
Receivables	810.94	1,512	1,507	1,443	1,502
Inventory	271.23	966.88	1,098	861.25	703.57
Restricted Cash	850	445.44	311.31	289.31	272.69
Other Current Assets	-	68.59	54.27	46.33	71.76
Total Current Assets	5,652	5,496	5,266	4,730	4,405
Property, Plant & Equipment	1,024	1,087	1,067	997.19	917.65
Long-Term Investments	378.28	536.99	582.26	488.6	517.6
Goodwill	-	196.05	196.05	170.46	170.46
Other Intangible Assets	247.88	61.91	76.56	71.3	77.27
Long-Term Deferred Tax Assets	9.07	9.15	6.93	5.79	6.84
Other Long-Term Assets	293.15	155.85	169.84	142.03	146.04
Total Assets	7,604	7,820	7,591	6,810	6,420
Accounts Payable	575.15	676.12	380.57	535.29	361.08
Accrued Expenses	1,134	340.85	304.36	352.11	308.46
Short-Term Debt	-	2,333	1,759	1,229	1,425
Current Portion of Long-Term Debt	2,342	13.91	9.45	2.14	10.63
Current Portion of Leases	30.02	30.46	37.1	34.24	52.05
Current Income Taxes Payable	2.72	1.11	11.92	13.89	11.67
Current Unearned Revenue	17.72	55.76	137.63	59.11	60.2
Other Current Liabilities	31.6	908.23	877.11	929.45	827.83
Total Current Liabilities	4,133	4,359	3,518	3,155	3,057
Long-Term Debt	252.59	161.92	126.34	103.75	17.08
Long-Term Leases	369.9	378.1	475.18	433.39	518.94
Long-Term Unearned Revenue	5.72	29.48	37.37	23.26	30.85
Long-Term Deferred Tax Liabilities	5.29	6.3	9.53	7.59	11.04
Other Long-Term Liabilities	76.76	74.25	87.91	66.99	72.27
Total Liabilities	4,843	5,009	4,254	3,790	3,707
Common Stock	2,001	1,589	1,589	1,500	1,500
Retained Earnings	-	392.48	846.42	605.47	282.19
Treasury Stock	-	-63.05	-	-	-
Comprehensive Income & Other	680.65	789.59	790.01	849.21	853.67
Total Common Equity	2,681	2,708	3,225	2,955	2,636
Minority Interest	79.16	102.73	112.12	64.81	77.1
Shareholders' Equity	2,761	2,810	3,337	3,019	2,713
Total Liabilities & Equity	7,604	7,820	7,591	6,810	6,420
Total Debt	2,995	2,917	2,407	1,803	2,023
Net Cash (Debt)	724.69	-413.88	-112.24	287.14	-168.84
Net Cash Per Share	0.48	-0.27	-0.07	0.19	-0.11
Filing Date Shares Outstanding	1,588	1,539	1,589	1,589	1,500
Total Common Shares Outstanding	1,588	1,539	1,589	1,500	1,500
Working Capital	1,519	1,137	1,748	1,574	1,348
Book Value Per Share	1.69	1.76	2.03	1.97	1.76
Tangible Book Value	2,433	2,450	2,952	2,713	2,388
Tangible Book Value Per Share	1.53	1.59	1.86	1.81	1.59
Buildings	-	30.96	29.19	27.24	2.27
Machinery	-	141.81	143.13	136.62	114.15
Construction In Progress	-	331.79	144.11	127.94	15.71
Leasehold Improvements	-	279.44	392.49	317.04	296.72

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