HKG:2450 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	7.9	321.43	340.67	213.68	581.67
Short-Term Investments	-	1.39	1.91	37.72	17.33
Cash & Short-Term Investments	7.9	322.81	342.58	251.4	599
Cash Growth	-97.55%	-5.77%	36.27%	-58.03%	794.00%
Accounts Receivable	20.05	23.99	33.88	52.38	13.61
Other Receivables	1.43	2.72	20.27	24.2	10.29
Receivables	21.47	26.71	54.15	76.58	23.9
Inventory	1.58	1.75	3.28	4.93	4.73
Other Current Assets	294.17	232.53	-	-	-
Total Current Assets	325.12	583.8	400.01	332.91	627.63
Property, Plant & Equipment	1,802	1,884	1,880	1,820	1,689
Long-Term Deferred Tax Assets	-	-	1.25	15.99	14.19
Other Long-Term Assets	7.26	7.07	102.16	123.53	9.31
Total Assets	2,135	2,475	2,383	2,293	2,340
Accounts Payable	189.81	41.69	37.33	39.97	26.12
Accrued Expenses	-	12.97	11.96	26.68	21.87
Current Portion of Long-Term Debt	162.82	128.42	753.87	36.6	34.5
Current Income Taxes Payable	-	-	0.18	1.52	2.27
Current Unearned Revenue	8.79	9.06	3.88	4.45	58.95
Other Current Liabilities	-	174.51	364.88	376.08	347.19
Total Current Liabilities	361.42	366.64	1,172	485.31	490.9
Long-Term Debt	1,069	1,232	253.5	863.77	900.37
Long-Term Deferred Tax Liabilities	28.37	28.07	29.24	27.09	11.98
Other Long-Term Liabilities	19.73	144.96	261.84	373.74	479.61
Total Liabilities	1,479	1,771	1,717	1,750	1,883
Common Stock	264	264	264	198	198
Retained Earnings	-	109.73	116.89	89.98	36.52
Comprehensive Income & Other	176.87	95.97	96.06	83.56	69.61
Total Common Equity	440.87	469.7	476.95	371.53	304.12
Minority Interest	215	234.09	189.4	171.21	153.37
Shareholders' Equity	655.88	703.79	666.35	542.75	457.49
Total Liabilities & Equity	2,135	2,475	2,383	2,293	2,340
Total Debt	1,232	1,360	1,007	900.37	934.87
Net Cash (Debt)	-1,224	-1,037	-664.79	-648.97	-335.87
Net Cash Per Share	-4.67	-3.93	-2.55	-3.28	-1.70
Filing Date Shares Outstanding	260.05	264	264	198	198
Total Common Shares Outstanding	260.05	264	264	198	198
Working Capital	-36.3	217.16	-772.09	-152.4	136.74
Book Value Per Share	1.70	1.78	1.81	1.88	1.54
Tangible Book Value	440.87	469.7	476.95	371.53	304.12
Tangible Book Value Per Share	1.70	1.78	1.81	1.88	1.54
Buildings	-	574.2	257.34	256.24	254.74
Machinery	-	19.62	19.62	19.43	15.47
Construction In Progress	-	-	247.89	132.37	0.08

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