HKG:2451 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	474.78	554.51	994.97	395.04	222.01
Short-Term Investments	407.99	336.96	246.76	215.79	162.07
Trading Asset Securities	997.53	491.66	545.33	533.57	428.03
Cash & Short-Term Investments	1,880	1,383	1,787	1,144	812.1
Cash Growth	35.95%	-22.60%	56.16%	40.92%	86.33%
Accounts Receivable	388.1	360.3	218.96	294.81	157.87
Other Receivables	-	14.45	20	20	-18.71
Receivables	441.46	378.11	242.31	331.46	238.72
Inventory	405.84	327.9	271.46	471.06	552.2
Prepaid Expenses	150.84	117.94	75.92	22.43	28.06
Restricted Cash	362.46	384.94	168.98	81.82	32.62
Other Current Assets	78.71	76.28	84.96	46.81	41.93
Total Current Assets	3,320	2,668	2,631	2,098	1,706
Property, Plant & Equipment	1,479	1,400	1,055	939.85	842.77
Long-Term Investments	75.3	53.76	31.52	1.44	1.24
Other Intangible Assets	2.14	0.77	1.07	1.71	2.57
Long-Term Accounts Receivable	2.75	0.49	4.54	9.98	-
Long-Term Deferred Tax Assets	26.06	23.19	11.84	17.03	21.14
Long-Term Deferred Charges	111.84	110.96	105.21	85.07	54.19
Other Long-Term Assets	75.39	66.41	22.49	30.96	38.34
Total Assets	5,092	4,324	3,862	3,184	2,666
Accounts Payable	1,757	1,412	1,341	1,496	1,063
Accrued Expenses	118.14	144.21	163.63	140.03	101.36
Short-Term Debt	928.93	590.83	159.43	231.16	480.13
Current Portion of Long-Term Debt	15.42	152.04	6.6	55.7	46.2
Current Portion of Leases	9.42	5.6	3.31	2.8	2.14
Current Income Taxes Payable	21.24	19.23	17.59	19.87	18.69
Current Unearned Revenue	90.17	91.4	82.71	110.6	82.89
Other Current Liabilities	68.58	101.43	54.57	59.15	145.79
Total Current Liabilities	3,009	2,517	1,829	2,115	1,940
Long-Term Debt	342.08	259.46	477.32	369.72	143
Long-Term Leases	12.21	11.79	4.06	2.31	0.45
Long-Term Unearned Revenue	37.55	26.14	21.06	14.56	20.8
Long-Term Deferred Tax Liabilities	2.77	2.92	-	-	-
Other Long-Term Liabilities	11.84	9.15	3.4	2.43	1.69
Total Liabilities	3,416	2,827	2,335	2,504	2,106
Common Stock	0.31	0.31	0.31	0.02	0.02
Additional Paid-In Capital	717.98	688.46	688.46	-	-
Retained Earnings	737.84	798.24	681.49	535.88	417.85
Treasury Stock	-	-183.49	-	-	-
Comprehensive Income & Other	219.99	192.9	157.32	143.94	142.23
Total Common Equity	1,676	1,496	1,528	679.84	560.1
Minority Interest	-	1.31	-	-	-
Shareholders' Equity	1,676	1,498	1,528	679.84	560.1
Total Liabilities & Equity	5,092	4,324	3,862	3,184	2,666
Total Debt	1,308	1,020	650.72	661.69	671.92
Net Cash (Debt)	572.24	363.4	1,136	482.7	140.18
Net Cash Growth	57.47%	-68.02%	135.41%	244.33%	-49.12%
Net Cash Per Share	1.44	0.90	3.37	1.51	4.38
Filing Date Shares Outstanding	382.68	410.17	426.67	32	32
Total Common Shares Outstanding	382.68	410.17	426.67	32	32
Working Capital	310.42	151.12	801.6	-17.17	-234.22
Book Value Per Share	4.38	3.65	3.58	21.24	17.50
Tangible Book Value	1,674	1,496	1,526	678.13	557.53
Tangible Book Value Per Share	4.37	3.65	3.58	21.19	17.42
Buildings	-	722.5	714.35	663.5	499.52
Machinery	-	690.98	608.82	505.96	434.87
Construction In Progress	-	355.69	86.99	57.72	145.93

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