HKG:2515 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	11.14	19.6	6.42	20.2	11.31	12.2
Cash & Short-Term Investments	11.14	19.6	6.42	20.2	11.31	12.2
Cash Growth	-79.44%	205.22%	-68.21%	78.57%	-7.29%	-
Accounts Receivable	503.35	592.95	455.25	341.85	219.64	79.84
Other Receivables	4.36	1.77	0.73	0.26	1.69	2.36
Receivables	507.7	594.72	455.98	342.12	221.34	82.19
Inventory	13.89	4.41	1.38	1.99	0.88	0.21
Restricted Cash	15.33	2.45	4.37	0.58	0.58	0.58
Other Current Assets	25.15	19.09	23.18	10.1	18.47	15.04
Total Current Assets	573.21	640.27	491.33	374.98	252.57	110.22
Property, Plant & Equipment	52.36	47.98	45.65	48.3	45.46	46.68
Long-Term Accounts Receivable	-	6.12	6.37	6.6	6.82	7.02
Long-Term Deferred Tax Assets	6.71	6.63	4.33	2.24	0.84	0.27
Other Long-Term Assets	11.16	9.36	8.74	-	-	-
Total Assets	643.44	710.36	556.42	432.12	305.68	164.18
Accounts Payable	240.76	298.81	275.78	231.47	140.81	51.78
Accrued Expenses	21.62	24.31	20.21	12.39	8.58	2.1
Short-Term Debt	32.5	40	20	17.45	17.56	-
Current Portion of Leases	0.73	0.8	0.08	-	-	-
Current Income Taxes Payable	0.17	3.44	6.68	5.55	6.64	0.24
Current Unearned Revenue	7.4	0.92	0.75	0.75	0.37	1.95
Other Current Liabilities	9.12	10.9	7.58	7.62	9.91	28.72
Total Current Liabilities	312.29	379.18	331.09	275.22	183.87	84.79
Long-Term Leases	1.94	2.3	0.14	-	-	-
Total Liabilities	314.22	381.48	331.24	275.22	183.87	84.79
Common Stock	215.8	215.8	161.85	78	78	77
Retained Earnings	49.25	50.64	31.45	66.29	36.82	0.37
Comprehensive Income & Other	64.17	62.45	31.89	12.61	6.99	2.02
Shareholders' Equity	329.21	328.88	225.19	156.9	121.81	79.4
Total Liabilities & Equity	643.44	710.36	556.42	432.12	305.68	164.18
Total Debt	35.16	43.1	20.22	17.45	17.56	-
Net Cash (Debt)	-24.03	-23.5	-13.8	2.75	-6.25	12.2
Net Cash Per Share	-0.11	-0.12	-0.09	0.02	-0.04	0.08
Filing Date Shares Outstanding	215.79	215.79	215.79	78	148.46	148.08
Total Common Shares Outstanding	215.79	215.79	161.84	78	148.46	148.08
Working Capital	260.93	261.09	160.24	99.76	68.69	25.43
Book Value Per Share	1.53	1.52	1.39	2.01	0.82	0.54
Tangible Book Value	329.21	328.88	225.19	156.9	121.81	79.4
Tangible Book Value Per Share	1.53	1.52	1.39	2.01	0.82	0.54
Buildings	-	54.08	51.4	51.33	50.12	48.38
Machinery	-	9.72	9.53	8.74	4.3	4.02
Order Backlog	-	-	-	89.62	117.3	101.49

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