HKG:2502 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

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

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

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

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
Total Debt	289.94	338.27	262.97	165.3	51.17
Net Cash (Debt)	67.46	14.34	37.74	-72.83	-1.09
Net Cash Growth	370.36%	-62.00%	-	-	-
Net Cash Per Share	0.07	0.02	0.06	-0.14	-
Filing Date Shares Outstanding	955.64	955.64	955.64	100	-
Total Common Shares Outstanding	955.64	955.64	955.64	100	-
Working Capital	106.75	133.91	169.19	92.59	-63.61
Book Value Per Share	1.00	1.03	1.07	5.82	-
Tangible Book Value	920.32	953.1	988.05	542.38	402.83
Tangible Book Value Per Share	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