HKG:2502 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	145.75	142.25	136.77	300.71	92.47	50.08
Short-Term Investments	201.93	215.15	215.84	-	-	-
Cash & Short-Term Investments	347.69	357.4	352.62	300.71	92.47	50.08
Cash Growth	-7.42%	1.36%	17.26%	225.20%	84.65%	-8.01%
Accounts Receivable	105.04	54.08	65.66	100.86	131.07	132.34
Other Receivables	4.54	0.4	4.88	9.7	0.84	0.13
Receivables	109.58	54.48	70.54	110.56	161.91	132.47
Inventory	52.34	51.34	144.99	117.48	65.7	67.44
Prepaid Expenses	4.44	7.21	10.25	11.86	10.74	34.11
Restricted Cash	-	-	-	-	15.21	23.08
Other Current Assets	25.23	12.33	12.29	11.15	6.44	9.43
Total Current Assets	539.27	482.76	590.69	551.77	352.46	316.61
Property, Plant & Equipment	849.31	884.7	952.22	983.1	670.83	591.52
Long-Term Investments	69.29	74.77	81.5	90.91	-	-
Goodwill	10.67	10.67	10.67	10.67	10.67	10.67
Other Intangible Assets	19.43	20.15	21.61	23.06	28.96	45.25
Long-Term Deferred Tax Assets	29.4	43.17	19.73	3.89	4.8	6.41
Other Long-Term Assets	3.62	-	-	-	7.72	3.24
Total Assets	1,521	1,516	1,676	1,663	1,075	973.7

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	15.33	12.78	21.15	50.36	67.6	49.82
Accrued Expenses	12.19	14.16	51.37	11.58	14.01	12.45
Current Portion of Long-Term Debt	241.32	220.31	231.4	142	87	36
Current Portion of Leases	0.65	0.66	1.14	0.65	0.02	0.02
Current Income Taxes Payable	3.04	7.19	7.99	9.04	13.24	8.94
Current Unearned Revenue	31.03	32.33	20.89	28.83	15.43	10.5
Other Current Liabilities	67.16	88.58	122.86	140.11	62.57	262.48
Total Current Liabilities	370.72	376.01	456.78	382.57	259.87	380.21
Long-Term Debt	37.92	66.33	102.65	116.76	78.15	15
Long-Term Leases	0.7	2.64	3.1	3.55	0.13	0.15
Long-Term Unearned Revenue	17.5	18.6	20.78	14.51	16.1	17.69
Long-Term Deferred Tax Liabilities	1.49	1.44	1.55	0.48	1.63	5.5
Other Long-Term Liabilities	-	-	-	18.06	-	-
Total Liabilities	428.33	465.01	584.85	535.95	355.88	418.55

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	955.64	955.64	955.64	955.64	100	100
Retained Earnings	3.13	-33.18	3.42	38.76	320.2	192.85
Comprehensive Income & Other	28.64	28.68	26.31	27.38	161.81	165.9
Total Common Equity	987.41	951.14	985.37	1,022	582.01	458.75
Minority Interest	105.25	100.08	106.18	105.67	137.55	96.4
Shareholders' Equity	1,093	1,051	1,092	1,127	719.56	555.15
Total Liabilities & Equity	1,521	1,516	1,676	1,663	1,075	973.7

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	280.58	289.94	338.27	262.97	165.3	51.17
Net Cash (Debt)	67.1	67.46	14.34	37.74	-72.83	-1.09
Net Cash Growth	1052.34%	370.36%	-62.00%	-	-	-
Net Cash Per Share	0.07	0.07	0.02	0.06	-0.14	-
Filing Date Shares Outstanding	955.64	955.64	955.64	955.64	100	-
Total Common Shares Outstanding	955.64	955.64	955.64	955.64	100	-
Working Capital	168.54	106.75	133.91	169.19	92.59	-63.61
Book Value Per Share	1.03	1.00	1.03	1.07	5.82	-
Tangible Book Value	957.32	920.32	953.1	988.05	542.38	402.83
Tangible Book Value Per Share	1.00	0.96	1.00	1.03	5.42	-
Buildings	-	200.18	199.23	195.31	137.89	136.37
Machinery	-	993.32	993.21	927.25	522.1	514.54
Construction In Progress	-	8.83	0.77	24.1	125.82	10.32