HKG:2439 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	22.24	422.71	315.7	99.23	90.43
Cash & Short-Term Investments	22.24	422.71	315.7	99.23	90.43
Cash Growth	-94.74%	33.90%	218.15%	9.73%	-7.63%
Accounts Receivable	55.95	114.41	101.04	72.61	72.99
Other Receivables	62.68	0.4	3.3	0	-
Receivables	118.63	114.8	104.34	72.61	72.99
Inventory	20.28	22.17	21.19	37.8	13.98
Prepaid Expenses	3.55	6.44	2.47	2.42	-
Other Current Assets	1.18	2.07	1.87	0.33	0.59
Total Current Assets	165.87	568.19	445.57	212.39	177.99
Property, Plant & Equipment	724.54	122.25	111.43	91.6	46.4
Other Intangible Assets	0.06	0.07	0.08	0.09	-
Long-Term Deferred Tax Assets	-	0.09	0.15	0.43	0.73
Other Long-Term Assets	-	-	0.82	0.34	0.4
Total Assets	890.47	690.6	558.05	304.85	225.52
Accounts Payable	10.2	41.48	36.65	10.2	22.37
Accrued Expenses	5.9	11.08	7.53	10.02	4.79
Short-Term Debt	-	-	-	49.85	40.5
Current Portion of Long-Term Debt	81.12	70.72	40.16	-	-
Current Portion of Leases	-	0.03	3.28	6.87	2.94
Current Income Taxes Payable	-	1.68	1.38	2.69	1.79
Current Unearned Revenue	0.49	0.49	0.49	0.49	0.88
Other Current Liabilities	14.05	1.62	0.35	7.88	3.64
Total Current Liabilities	111.76	127.1	89.84	87.99	76.91
Long-Term Debt	185.46	1.29	9.5	-	-
Long-Term Leases	-	-	8.23	16.01	4.34
Long-Term Unearned Revenue	1.37	1.86	2.35	2.84	3.33
Long-Term Deferred Tax Liabilities	1.87	-	-	-	-
Total Liabilities	300.46	130.25	109.92	106.84	84.58
Common Stock	8.8	8.8	8.8	0.01	-
Additional Paid-In Capital	-	150.41	150.41	-	-
Retained Earnings	-	283.55	172.39	88.42	33.6
Comprehensive Income & Other	576.85	113.58	113.73	107.41	107.35
Total Common Equity	585.65	556.34	445.32	195.84	140.95
Minority Interest	4.36	4.02	2.8	2.17	-
Shareholders' Equity	590.01	560.36	448.12	198	140.95
Total Liabilities & Equity	890.47	690.6	558.05	304.85	225.52
Total Debt	266.58	72.04	61.17	72.72	47.78
Net Cash (Debt)	-244.34	350.67	254.53	26.51	42.65
Net Cash Growth	-	37.77%	860.23%	-37.85%	-17.73%
Net Cash Per Share	-0.24	0.35	0.27	0.03	0.05
Filing Date Shares Outstanding	1,000	1,000	1,000	1,000	-
Total Common Shares Outstanding	1,000	1,000	1,000	1	-
Working Capital	54.11	441.09	355.73	124.4	101.08
Book Value Per Share	0.59	0.56	0.45	195.84	-
Tangible Book Value	585.59	556.27	445.24	195.75	140.95
Tangible Book Value Per Share	0.59	0.56	0.45	195.75	-
Buildings	32.14	32.14	32.14	32.14	32.14
Machinery	60.61	67.99	66.6	25.06	22.4
Construction In Progress	609.51	-	-	-	-
Leasehold Improvements	58.57	58.57	28.05	28.05	-

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