HKG:2545 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	36.84	134.96	81.54	68.65	39.85
Short-Term Investments	-	-	0.03	0.01	0.01
Cash & Short-Term Investments	36.84	134.96	81.57	68.66	39.86
Cash Growth	-72.70%	65.45%	18.82%	72.26%	-
Accounts Receivable	1,321	1,156	949.69	783.27	697.78
Other Receivables	9.72	11.35	12.63	30.35	29.85
Receivables	1,331	1,168	962.32	813.62	727.63
Inventory	0.53	0.44	0.79	3.79	5.67
Prepaid Expenses	4.48	2.74	4.29	28.86	5.41
Other Current Assets	26.92	3.2	18.47	23.91	20.08
Total Current Assets	1,400	1,309	1,067	938.83	798.65
Property, Plant & Equipment	22.36	24.3	34	21.85	21.62
Long-Term Investments	7.77	7.42	7.42	-	-
Other Intangible Assets	0.12	0.14	-	-	-
Long-Term Accounts Receivable	5.9	4.82	27.14	16.53	40.63
Long-Term Deferred Tax Assets	41.86	24.33	6.51	23.98	9.12
Other Long-Term Assets	30.63	31.47	18.84	33.32	26.99
Total Assets	1,509	1,402	1,161	1,035	897
Accounts Payable	348.82	454.34	438.05	362.84	386
Accrued Expenses	114.99	99.06	80.24	57.63	53.05
Short-Term Debt	565.05	373.48	347.46	375.2	311.45
Current Portion of Leases	-	0.13	0.15	0.05	0.11
Current Income Taxes Payable	23.84	25.01	1.26	24.9	9.2
Current Unearned Revenue	5.59	6.91	4.8	7.64	5.1
Other Current Liabilities	16.66	16.96	159.23	17.09	4.49
Total Current Liabilities	1,075	975.88	1,031	845.34	769.4
Long-Term Leases	-	-	0.13	0.01	-
Long-Term Unearned Revenue	2.15	1.78	1.83	1.89	1.94
Other Long-Term Liabilities	-	-	-	-	1.13
Total Liabilities	1,077	977.66	1,033	847.24	772.47
Common Stock	58.47	58.47	0.08	0.08	-
Additional Paid-In Capital	111.99	111.99	12.11	12.12	-
Retained Earnings	133.38	125.74	116.03	96.95	62.47
Comprehensive Income & Other	127.72	127.72	-	76.11	62.06
Total Common Equity	431.54	423.9	128.22	185.26	124.54
Minority Interest	-	-	-	2.02	-
Shareholders' Equity	431.54	423.9	128.22	187.27	124.54
Total Liabilities & Equity	1,509	1,402	1,161	1,035	897
Total Debt	565.05	373.61	347.73	375.26	311.56
Net Cash (Debt)	-528.21	-238.64	-266.16	-306.6	-271.7
Net Cash Per Share	-0.83	-0.43	-0.56	-	-
Filing Date Shares Outstanding	640	640	640	-	-
Total Common Shares Outstanding	640	640	479.88	-	-
Working Capital	325.03	333.19	36.27	93.49	29.25
Book Value Per Share	0.67	0.66	0.27	-	-
Tangible Book Value	431.42	423.77	128.22	185.26	124.54
Tangible Book Value Per Share	0.67	0.66	0.27	-	-
Buildings	26.89	26.89	26.61	24.38	24.38
Machinery	10.02	9.76	6.01	5.71	7.49
Construction In Progress	-	-	12.87	1.92	0.43
Order Backlog	-	-	-	1,136	584.4

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