HKG:2553 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	68.74	111.19	183.37	503.93
Short-Term Investments	2.12	2.45	1.05	0.84
Cash & Short-Term Investments	70.86	113.64	184.42	504.77
Cash Growth	-37.65%	-38.38%	-63.46%	-
Accounts Receivable	35.75	43.86	9.42	9.88
Other Receivables	36.12	23.99	27.27	31.19
Receivables	71.87	67.85	36.69	41.06
Inventory	51.39	64.87	64.65	40.51
Prepaid Expenses	0.89	0.31	5.08	4.33
Restricted Cash	-	0.09	-	3
Other Current Assets	46.51	37.84	39.44	43.81
Total Current Assets	241.52	284.59	330.28	637.47
Property, Plant & Equipment	2,228	2,243	2,306	2,116
Other Intangible Assets	27.14	24.97	25.47	23.32
Long-Term Deferred Charges	-	4.25	3.38	-
Other Long-Term Assets	8.56	3.79	15.34	18.86
Total Assets	2,505	2,561	2,681	2,796
Accounts Payable	474.72	291.93	166.1	120.43
Accrued Expenses	16.42	17.44	13.06	13.63
Short-Term Debt	240.24	160.11	35.04	45.05
Current Portion of Long-Term Debt	90.65	109.84	126.96	80.12
Current Portion of Leases	0.57	2.69	3.67	3
Current Income Taxes Payable	-	-	-	0.06
Current Unearned Revenue	13.62	6.26	16.3	17.47
Other Current Liabilities	232.51	307.43	401.86	394.78
Total Current Liabilities	1,069	895.7	762.99	674.54
Long-Term Debt	747.88	677.51	705.27	828.79
Long-Term Leases	1.45	1.79	3.92	6.62
Long-Term Unearned Revenue	78.04	52.02	29.2	31.85
Long-Term Deferred Tax Liabilities	0.06	0.01	0.04	0.07
Total Liabilities	1,896	1,627	1,501	1,542
Common Stock	360	360	360	360
Additional Paid-In Capital	816.25	816.25	816.25	816.25
Retained Earnings	-585.19	-380.42	-248	-176.3
Comprehensive Income & Other	6.36	6.14	10.99	2
Total Common Equity	597.42	801.97	939.24	1,002
Minority Interest	11.19	131.56	239.86	252.05
Shareholders' Equity	608.62	933.53	1,179	1,254
Total Liabilities & Equity	2,505	2,561	2,681	2,796
Total Debt	1,081	951.95	874.85	963.58
Net Cash (Debt)	-1,010	-838.31	-690.43	-458.81
Net Cash Per Share	-2.81	-2.33	-1.92	-1.47
Filing Date Shares Outstanding	360	360	360	312.85
Total Common Shares Outstanding	360	360	360	312.85
Working Capital	-827.21	-611.11	-432.71	-37.07
Book Value Per Share	1.66	2.23	2.61	3.20
Tangible Book Value	570.28	777	913.77	978.64
Tangible Book Value Per Share	1.58	2.16	2.54	3.13
Buildings	601.58	607.89	602.09	433.4
Machinery	1,871	1,861	1,827	1,198
Construction In Progress	156.66	27.26	5.15	571.85
Leasehold Improvements	12.81	11.27	7.94	3.7