HKG:2531 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	316.77	410.33	157.22	138.24	45.16
Short-Term Investments	28.45	38.82	-	53.53	27.4
Trading Asset Securities	25.6	7.1	158.33	138.55	130.38
Cash & Short-Term Investments	370.81	456.25	315.55	330.31	202.95
Cash Growth	-18.73%	44.59%	-4.47%	62.76%	-
Accounts Receivable	185.81	124.04	95.83	90.65	69.6
Other Receivables	21.09	13.83	3.56	1.77	2.32
Receivables	206.9	137.87	99.39	92.42	71.92
Inventory	95.25	58.01	35.69	14.75	11.78
Prepaid Expenses	0.94	0.37	0.27	-	-
Other Current Assets	159.06	46.5	50.87	44.81	35.62
Total Current Assets	832.96	699	501.77	482.29	322.27
Property, Plant & Equipment	8.18	10.85	9.92	15.54	13.47
Long-Term Investments	184.46	140.11	17.17	9.79	125.03
Goodwill	1.74	-	-	-	-
Other Intangible Assets	30.09	26.45	22.7	16.76	7.32
Long-Term Deferred Tax Assets	15.4	8.48	2.92	4.7	6.06
Long-Term Deferred Charges	2.7	7.25	11.37	10.5	21.95
Other Long-Term Assets	-	15.61	-	22.4	22.43
Total Assets	1,076	907.75	565.85	561.98	518.52
Accounts Payable	214.51	105.25	48.16	71.13	40.92
Accrued Expenses	12.6	11.65	13.8	12.49	6.94
Short-Term Debt	93	42.32	43.42	35.54	38.22
Current Portion of Leases	1.8	1.39	2.31	2.35	1.81
Current Income Taxes Payable	1.63	1.74	1.32	2.13	0.16
Current Unearned Revenue	48.87	59.18	58.98	95.44	111.66
Other Current Liabilities	4.38	5.3	7.54	6.27	6.34
Total Current Liabilities	376.79	226.84	175.53	225.35	206.06
Long-Term Leases	1.39	2.38	0.44	2.04	0.66
Long-Term Unearned Revenue	12.06	19.31	21.99	21.06	34.81
Long-Term Deferred Tax Liabilities	1.87	-	2.58	2.12	0.08
Total Liabilities	392.11	248.53	200.54	250.57	241.6
Common Stock	0.26	0.26	0.04	60	60
Additional Paid-In Capital	-	494.89	245.41	-	-
Retained Earnings	-	161.68	117.24	85.51	41.37
Comprehensive Income & Other	674.79	2.58	2.72	161.22	171.8
Total Common Equity	675.05	659.4	365.41	306.73	273.17
Minority Interest	8.36	-0.18	-0.1	4.68	3.75
Shareholders' Equity	683.41	659.22	365.31	311.41	276.92
Total Liabilities & Equity	1,076	907.75	565.85	561.98	518.52
Total Debt	96.19	46.08	46.17	39.93	40.7
Net Cash (Debt)	274.62	410.16	269.38	290.39	162.25
Net Cash Growth	-33.05%	52.26%	-7.23%	78.97%	-
Net Cash Per Share	0.75	1.23	0.90	1.01	0.57
Filing Date Shares Outstanding	366.6	366.6	303	286.77	286.77
Total Common Shares Outstanding	366.6	366.6	303	286.77	286.77
Working Capital	456.16	472.17	326.24	256.94	116.21
Book Value Per Share	1.84	1.80	1.21	1.07	0.95
Tangible Book Value	643.22	632.96	342.71	289.97	265.85
Tangible Book Value Per Share	1.75	1.73	1.13	1.01	0.93
Machinery	-	13.42	11.96	11.55	10.39
Construction In Progress	-	1.61	0.04	-	-
Leasehold Improvements	-	15.13	14.43	13.99	10.18

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.