HKG:2451 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1,060	554.51	994.97	395.04	222.01	175.37
Short-Term Investments	571.53	336.96	246.76	215.79	162.07	196.9
Trading Asset Securities	692.35	491.66	545.33	533.57	428.03	63.56
Cash & Short-Term Investments	2,324	1,383	1,787	1,144	812.1	435.83
Cash Growth	21.55%	-22.60%	56.16%	40.92%	86.33%	-
Accounts Receivable	442.58	360.3	218.96	294.81	157.87	137.93
Other Receivables	3.45	14.45	20	20	-18.71	30.19
Receivables	449.39	378.11	242.31	331.46	238.72	282.67
Inventory	395.57	327.9	271.46	471.06	552.2	215.26
Prepaid Expenses	120.76	117.94	75.92	22.43	28.06	9.37
Restricted Cash	351	384.94	168.98	81.82	32.62	16.67
Other Current Assets	64.26	76.28	84.96	46.81	41.93	9.47
Total Current Assets	3,705	2,668	2,631	2,098	1,706	969.27
Property, Plant & Equipment	1,445	1,400	1,055	939.85	842.77	483.52
Long-Term Investments	22.56	53.76	31.52	1.44	1.24	72.83
Other Intangible Assets	1.67	0.77	1.07	1.71	2.57	3.43
Long-Term Accounts Receivable	-	0.49	4.54	9.98	-	-
Long-Term Deferred Tax Assets	21.11	23.19	11.84	17.03	21.14	14.73
Long-Term Deferred Charges	121.73	110.96	105.21	85.07	54.19	0.17
Other Long-Term Assets	67.01	66.41	22.49	30.96	38.34	13.04
Total Assets	5,384	4,324	3,862	3,184	2,666	1,568
Accounts Payable	2,105	1,412	1,341	1,496	1,063	692.73
Accrued Expenses	127.04	144.21	163.63	140.03	101.36	78.18
Short-Term Debt	828.02	590.83	159.43	231.16	480.13	155.91
Current Portion of Long-Term Debt	96.2	152.04	6.6	55.7	46.2	-
Current Portion of Leases	9.19	5.6	3.31	2.8	2.14	3.3
Current Income Taxes Payable	17.56	19.23	17.59	19.87	18.69	10.88
Current Unearned Revenue	167.76	91.4	82.71	110.6	82.89	57.13
Other Current Liabilities	51.58	101.43	54.57	59.15	145.79	52.54
Total Current Liabilities	3,403	2,517	1,829	2,115	1,940	1,051
Long-Term Debt	337.7	259.46	477.32	369.72	143	-
Long-Term Leases	16.02	11.79	4.06	2.31	0.45	1.09
Long-Term Unearned Revenue	33.53	26.14	21.06	14.56	20.8	14.09
Long-Term Deferred Tax Liabilities	2.8	2.92	-	-	-	-
Other Long-Term Liabilities	11.05	9.15	3.4	2.43	1.69	0.71
Total Liabilities	3,804	2,827	2,335	2,504	2,106	1,067
Common Stock	0.31	0.31	0.31	0.02	0.02	0.02
Additional Paid-In Capital	688.46	688.46	688.46	-	-	-
Retained Earnings	695.86	798.24	681.49	535.88	417.85	358.59
Treasury Stock	-	-183.49	-	-	-	-
Comprehensive Income & Other	195.52	192.9	157.32	143.94	142.23	143.09
Total Common Equity	1,580	1,496	1,528	679.84	560.1	501.7
Minority Interest	-	1.31	-	-	-	-
Shareholders' Equity	1,580	1,498	1,528	679.84	560.1	501.7
Total Liabilities & Equity	5,384	4,324	3,862	3,184	2,666	1,568
Total Debt	1,287	1,020	650.72	661.69	671.92	160.3
Net Cash (Debt)	1,037	363.4	1,136	482.7	140.18	275.54
Net Cash Growth	10.48%	-68.02%	135.41%	244.33%	-49.12%	-
Net Cash Per Share	2.64	0.90	3.37	1.51	4.38	8.61
Filing Date Shares Outstanding	410.17	410.17	426.67	32	32	32
Total Common Shares Outstanding	410.17	410.17	426.67	32	32	32
Working Capital	302.29	151.12	801.6	-17.17	-234.22	-81.41
Book Value Per Share	3.85	3.65	3.58	21.24	17.50	15.68
Tangible Book Value	1,578	1,496	1,526	678.13	557.53	498.27
Tangible Book Value Per Share	3.85	3.65	3.58	21.19	17.42	15.57
Buildings	-	722.5	714.35	663.5	499.52	349.3
Machinery	-	690.98	608.82	505.96	434.87	318.85
Construction In Progress	-	355.69	86.99	57.72	145.93	39.43

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