HKG:2411 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	1,974	1,946	1,758	2,115	1,466	564.67
Short-Term Investments	1,792	66.8	53.59	-	-	250
Trading Asset Securities	90.82	153.89	691.44	180.43	623.8	1,040
Cash & Short-Term Investments	3,856	2,167	2,503	2,295	2,090	1,855
Cash Growth	62.09%	-13.43%	9.06%	9.84%	12.67%	73.42%
Accounts Receivable	845.12	1,192	1,328	1,355	1,288	1,394
Other Receivables	24.34	220.46	183.77	149.56	115.27	89.08
Receivables	869.46	1,413	1,512	1,507	1,443	1,502
Inventory	288.72	1,115	966.88	1,098	861.25	703.57
Restricted Cash	1,548	850	445.44	311.31	289.31	272.69
Other Current Assets	-	106.66	68.59	54.27	46.33	71.76
Total Current Assets	6,563	5,652	5,496	5,266	4,730	4,405
Property, Plant & Equipment	1,021	1,024	1,087	1,067	997.19	917.65
Long-Term Investments	424.64	378.28	536.99	582.26	488.6	517.6
Goodwill	-	196.05	196.05	196.05	170.46	170.46
Other Intangible Assets	242.73	51.83	61.91	76.56	71.3	77.27
Long-Term Deferred Tax Assets	11.23	9.07	9.15	6.93	5.79	6.84
Other Long-Term Assets	263.74	30.58	155.85	169.84	142.03	146.04
Total Assets	8,526	7,604	7,820	7,591	6,810	6,420

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Accounts Payable	635.9	606.75	676.12	380.57	535.29	361.08
Accrued Expenses	1,156	186.3	340.85	304.36	352.11	308.46
Short-Term Debt	-	2,311	2,333	1,759	1,229	1,425
Current Portion of Long-Term Debt	3,137	31.4	13.91	9.45	2.14	10.63
Current Portion of Leases	30.27	30.02	30.46	37.1	34.24	52.05
Current Income Taxes Payable	2.76	2.72	1.11	11.92	13.89	11.67
Current Unearned Revenue	144.29	38.76	55.76	137.63	59.11	60.2
Other Current Liabilities	96.85	926.2	908.23	877.11	929.45	827.83
Total Current Liabilities	5,203	4,133	4,359	3,518	3,155	3,057
Long-Term Debt	193.04	252.59	161.92	126.34	103.75	17.08
Long-Term Leases	382.92	369.9	378.1	475.18	433.39	518.94
Long-Term Unearned Revenue	2.81	31.26	29.48	37.37	23.26	30.85
Long-Term Deferred Tax Liabilities	5.49	5.29	6.3	9.53	7.59	11.04
Other Long-Term Liabilities	83	51.22	74.25	87.91	66.99	72.27
Total Liabilities	5,870	4,843	5,009	4,254	3,790	3,707

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Common Stock	2,001	2,001	1,589	1,589	1,500	1,500
Retained Earnings	-	64.99	392.48	846.42	605.47	282.19
Treasury Stock	-	-	-63.05	-	-	-
Comprehensive Income & Other	586.19	615.66	789.59	790.01	849.21	853.67
Total Common Equity	2,587	2,681	2,708	3,225	2,955	2,636
Minority Interest	69.03	79.16	102.73	112.12	64.81	77.1
Shareholders' Equity	2,656	2,761	2,810	3,337	3,019	2,713
Total Liabilities & Equity	8,526	7,604	7,820	7,591	6,810	6,420

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Total Debt	3,743	2,995	2,917	2,407	1,803	2,023
Net Cash (Debt)	113.18	-827.63	-413.88	-112.24	287.14	-168.84
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	0.07	-0.54	-0.27	-0.07	0.19	-0.11
Filing Date Shares Outstanding	1,980	2,001	1,539	1,589	1,589	1,500
Total Common Shares Outstanding	1,980	2,001	1,539	1,589	1,500	1,500
Working Capital	1,360	1,519	1,137	1,748	1,574	1,348
Book Value Per Share	1.31	1.34	1.76	2.03	1.97	1.76
Tangible Book Value	2,344	2,433	2,450	2,952	2,713	2,388
Tangible Book Value Per Share	1.18	1.22	1.59	1.86	1.81	1.59
Buildings	-	301.38	30.96	29.19	27.24	2.27
Machinery	-	130.63	141.81	143.13	136.62	114.15
Construction In Progress	-	48.72	331.79	144.11	127.94	15.71
Leasehold Improvements	-	323.45	279.44	392.49	317.04	296.72