HKG:2531 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	125.82	316.77	410.33	157.22	138.24	45.16
Short-Term Investments	28.46	28.45	38.82	-	53.53	27.4
Trading Asset Securities	7.33	25.6	7.1	158.33	138.55	130.38
Cash & Short-Term Investments	161.6	370.81	456.25	315.55	330.31	202.95
Cash Growth	-59.40%	-18.73%	44.59%	-4.47%	62.76%	-
Accounts Receivable	216.39	185.81	124.04	95.83	90.65	69.6
Other Receivables	41.84	21.09	13.83	3.56	1.77	2.32
Receivables	258.23	206.9	137.87	99.39	92.42	71.92
Inventory	129	95.25	58.01	35.69	14.75	11.78
Prepaid Expenses	-	0.94	0.37	0.27	-	-
Other Current Assets	144.75	159.06	46.5	50.87	44.81	35.62
Total Current Assets	693.58	832.96	699	501.77	482.29	322.27
Property, Plant & Equipment	11.68	8.18	10.85	9.92	15.54	13.47
Long-Term Investments	166.37	184.46	140.11	17.17	9.79	125.03
Goodwill	1.74	1.74	-	-	-	-
Other Intangible Assets	24.49	30.09	26.45	22.7	16.76	7.32
Long-Term Deferred Tax Assets	20.3	15.4	8.48	2.92	4.7	6.06
Long-Term Deferred Charges	1.64	2.7	7.25	11.37	10.5	21.95
Other Long-Term Assets	-	-	15.61	-	22.4	22.43
Total Assets	919.8	1,076	907.75	565.85	561.98	518.52

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	130.38	214.51	105.25	48.16	71.13	40.92
Accrued Expenses	7.64	12.6	11.65	13.8	12.49	6.94
Short-Term Debt	75.06	93	42.32	43.42	35.54	38.22
Current Portion of Leases	2.81	1.8	1.39	2.31	2.35	1.81
Current Income Taxes Payable	1.07	1.63	1.74	1.32	2.13	0.16
Current Unearned Revenue	48.97	48.87	59.18	58.98	95.44	111.66
Other Current Liabilities	8.88	4.38	5.3	7.54	6.27	6.34
Total Current Liabilities	274.8	376.79	226.84	175.53	225.35	206.06
Long-Term Leases	3.53	1.39	2.38	0.44	2.04	0.66
Long-Term Unearned Revenue	9.53	12.06	19.31	21.99	21.06	34.81
Long-Term Deferred Tax Liabilities	1.66	1.87	-	2.58	2.12	0.08
Total Liabilities	289.52	392.11	248.53	200.54	250.57	241.6

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	0.26	0.26	0.26	0.04	60	60
Additional Paid-In Capital	-	494.89	494.89	245.41	-	-
Retained Earnings	-	182.42	161.68	117.24	85.51	41.37
Comprehensive Income & Other	622.59	-2.51	2.58	2.72	161.22	171.8
Total Common Equity	622.85	675.05	659.4	365.41	306.73	273.17
Minority Interest	7.43	8.36	-0.18	-0.1	4.68	3.75
Shareholders' Equity	630.28	683.41	659.22	365.31	311.41	276.92
Total Liabilities & Equity	919.8	1,076	907.75	565.85	561.98	518.52

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	81.39	96.19	46.08	46.17	39.93	40.7
Net Cash (Debt)	80.21	274.62	410.16	269.38	290.39	162.25
Net Cash Growth	-73.38%	-33.05%	52.26%	-7.23%	78.97%	-
Net Cash Per Share	0.22	0.75	1.23	0.90	1.01	0.57
Filing Date Shares Outstanding	366.6	366.6	366.6	303	286.77	286.77
Total Common Shares Outstanding	366.6	366.6	366.6	303	286.77	286.77
Working Capital	418.78	456.16	472.17	326.24	256.94	116.21
Book Value Per Share	1.70	1.84	1.80	1.21	1.07	0.95
Tangible Book Value	596.62	643.22	632.96	342.71	289.97	265.85
Tangible Book Value Per Share	1.63	1.75	1.73	1.13	1.01	0.93
Machinery	-	-	-	11.96	11.55	10.39
Construction In Progress	-	-	-	0.04	-	-
Leasehold Improvements	-	-	-	14.43	13.99	10.18