HKG:2512 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	603.79	371.02	162.34	77.99	47.01
Short-Term Investments	43.15	0.86	0.47	0.2	1.3
Cash & Short-Term Investments	646.94	371.88	162.81	78.19	48.31
Cash Growth	73.97%	128.41%	108.23%	61.86%	-
Accounts Receivable	308.15	235.04	197.63	115.07	97.58
Other Receivables	100.24	90.13	27.93	87.14	87.11
Receivables	408.38	325.17	225.56	202.21	184.69
Inventory	34.94	0.13	-	-	-
Restricted Cash	-	0.03	-	-	-
Other Current Assets	174.84	124.98	9.56	16.96	6.58
Total Current Assets	1,265	822.19	397.93	297.35	239.58
Property, Plant & Equipment	86.24	33.24	22.86	14.45	12.69
Other Intangible Assets	0.15	0.23	0.17	0.31	0.03
Long-Term Deferred Tax Assets	1.46	1.84	1.94	1.17	0.63
Other Long-Term Assets	29.99	53.92	78.85	-	-
Total Assets	1,383	911.41	501.74	313.28	252.94
Accounts Payable	337.17	199.6	244.14	171.3	151.93
Accrued Expenses	-	17.62	18.93	18.5	8.31
Short-Term Debt	378.1	262.81	166.73	67.01	42.08
Current Portion of Leases	10.38	0.49	0.6	0.19	-
Current Income Taxes Payable	4.02	4.33	3.16	2.32	5.8
Current Unearned Revenue	54.48	0.23	0.08	1.85	0.13
Other Current Liabilities	54.8	20.41	12.55	6.43	7.04
Total Current Liabilities	838.95	505.48	446.18	267.6	215.29
Long-Term Leases	9.62	0.01	0.66	-	-
Other Long-Term Liabilities	14.13	-	-	-	-
Total Liabilities	862.7	505.49	446.84	267.6	215.29
Common Stock	0.04	0.03	-	-	-
Additional Paid-In Capital	-	332.27	-	-	-
Retained Earnings	-	32.69	20.6	36.68	28.64
Treasury Stock	-108.74	-	-	-	-
Comprehensive Income & Other	599	37.45	33.54	9	9
Total Common Equity	490.3	402.44	54.14	45.68	37.64
Minority Interest	29.94	3.48	0.76	-	-
Shareholders' Equity	520.24	405.92	54.9	45.68	37.64
Total Liabilities & Equity	1,383	911.41	501.74	313.28	252.94
Total Debt	398.1	263.31	167.99	67.21	42.08
Net Cash (Debt)	248.84	108.57	-5.18	10.99	6.22
Net Cash Growth	129.19%	-	-	76.49%	-
Net Cash Per Share	0.53	0.26	-0.01	-	-
Filing Date Shares Outstanding	479.37	460	460	-	-
Total Common Shares Outstanding	479.37	460	375	-	-
Working Capital	426.15	316.71	-48.25	29.75	24.29
Book Value Per Share	1.02	0.87	0.14	-	-
Tangible Book Value	490.14	402.21	53.97	45.37	37.61
Tangible Book Value Per Share	1.02	0.87	0.14	-	-
Buildings	-	11.33	11.33	10.58	10.58
Machinery	-	30.16	14.42	5.53	3.78
Leasehold Improvements	-	1.21	0.22	-	-

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