HKG:2529 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	353.25	354.67	210.21	123.82	129.93
Cash & Short-Term Investments	353.25	354.67	210.21	123.82	129.93
Cash Growth	-0.40%	68.72%	69.77%	-4.70%	-
Accounts Receivable	317.46	451.73	334.42	275.41	175.91
Other Receivables	-	12.58	11.86	78.46	79.19
Receivables	317.46	464.31	346.28	353.87	255.1
Inventory	4.87	3.68	4.15	3.2	2.43
Other Current Assets	198.72	14.33	35.61	12.82	6.24
Total Current Assets	874.3	836.99	596.26	493.72	393.69
Property, Plant & Equipment	25.97	17.29	17.97	16.07	23.56
Long-Term Investments	23.66	25.37	24.12	22.28	22.83
Other Intangible Assets	3.89	0.05	0.08	0.1	0.2
Long-Term Deferred Tax Assets	16.22	13.12	10.24	7.3	5.17
Other Long-Term Assets	1.81	3.73	1.43	-	11.13
Total Assets	945.84	896.55	650.09	539.47	456.57
Accounts Payable	491.88	328.13	228.81	150.14	114.37
Accrued Expenses	-	58.42	41.16	37.16	27.79
Current Portion of Leases	0.58	0.76	0.03	0.15	0.04
Current Income Taxes Payable	14.8	13.69	13.91	30.31	25.47
Current Unearned Revenue	23.09	23.58	18.48	13.64	24.54
Other Current Liabilities	-	93.46	89.73	122.38	120.45
Total Current Liabilities	530.34	518.03	392.11	353.76	312.66
Long-Term Leases	1.71	2.14	-	0.03	-
Long-Term Unearned Revenue	1.59	1.86	2.13	-	-
Total Liabilities	533.64	522.03	394.24	353.79	312.66
Common Stock	160	202	120	120	10
Retained Earnings	-	172.51	135.85	65.68	90
Comprehensive Income & Other	252.09	-	-	-	42.32
Total Common Equity	412.09	374.51	255.85	185.68	142.31
Minority Interest	0.12	0.01	-	-	1.6
Shareholders' Equity	412.21	374.52	255.85	185.68	143.92
Total Liabilities & Equity	945.84	896.55	650.09	539.47	456.57
Total Debt	2.29	2.9	0.03	0.18	0.04
Net Cash (Debt)	350.97	351.77	210.18	123.64	129.89
Net Cash Growth	-0.23%	67.36%	69.99%	-4.81%	-
Net Cash Per Share	2.17	2.43	1.75	1.03	1.08
Filing Date Shares Outstanding	163.37	160	120	120	120
Total Common Shares Outstanding	163.37	160	120	120	120
Working Capital	343.96	318.96	204.15	139.96	81.03
Book Value Per Share	2.52	2.34	2.13	1.55	1.19
Tangible Book Value	408.2	374.47	255.77	185.58	142.11
Tangible Book Value Per Share	2.50	2.34	2.13	1.55	1.18
Machinery	-	44.76	43.03	34.36	37.64
Construction In Progress	-	0.28	-	-	-
Leasehold Improvements	-	19.81	18.51	18.51	18.25

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