HKG:2582 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	427.38	335.86	333.3	76.9	168.15
Short-Term Investments	10.22	47.2	33.53	69.66	15.6
Trading Asset Securities	138.02	28.8	-	-	-
Cash & Short-Term Investments	575.62	411.87	366.83	146.56	183.75
Cash Growth	39.76%	12.28%	150.29%	-20.24%	94.92%
Accounts Receivable	589.41	601.6	473.4	360.66	285.99
Other Receivables	165.86	99.01	69.84	18.26	21.44
Receivables	757.18	702.03	553.69	378.92	307.43
Inventory	186.81	128.75	178.39	290.62	167.6
Other Current Assets	79.24	23.63	53.14	56.61	56.98
Total Current Assets	1,599	1,266	1,152	872.7	715.75
Property, Plant & Equipment	1,066	894.68	745.33	622.24	291.53
Long-Term Investments	233.09	192.43	70.61	59.55	25
Other Intangible Assets	9.13	11.02	12.79	14.55	16.31
Long-Term Accounts Receivable	80.53	80.07	24.58	19.5	10.67
Long-Term Deferred Tax Assets	25.98	112.96	68.97	55.25	35.28
Other Long-Term Assets	7.04	5.77	21.46	21.55	14.75
Total Assets	3,024	2,565	2,098	1,665	1,109
Accounts Payable	512.88	356.59	279.9	227.94	119.7
Accrued Expenses	26.56	26.16	26.75	24.17	17.63
Short-Term Debt	-	-	-	-	0.83
Current Portion of Long-Term Debt	532.11	520.98	447.99	233.63	54.92
Current Portion of Leases	2.36	0.5	0.77	0.2	0.45
Current Income Taxes Payable	6.78	2.66	3.29	4.5	7.78
Current Unearned Revenue	71.12	56.11	215.19	21.6	8.78
Other Current Liabilities	128.72	168.53	122.05	199.43	73.38
Total Current Liabilities	1,281	1,132	1,096	711.48	283.47
Long-Term Debt	481.98	405.6	389.16	300.62	113.06
Long-Term Leases	1.29	0.52	0.37	0.15	0.44
Long-Term Unearned Revenue	13.84	26.2	39.63	38.48	16.08
Other Long-Term Liabilities	11.76	7.77	6.81	2.75	3.36
Total Liabilities	1,789	1,572	1,532	1,053	416.41
Common Stock	120.08	104.71	92.83	90.04	90.04
Additional Paid-In Capital	-	1,313	751.11	731.61	731.61
Retained Earnings	-	-503.96	-293.68	-220.37	-126.52
Comprehensive Income & Other	1,097	77.71	15.13	10.58	-0.61
Total Common Equity	1,217	991.03	565.39	611.87	694.53
Minority Interest	17.98	1.88	0.23	-0.03	-1.64
Shareholders' Equity	1,235	992.91	565.62	611.84	692.89
Total Liabilities & Equity	3,024	2,565	2,098	1,665	1,109
Total Debt	1,018	927.59	838.29	534.6	169.7
Net Cash (Debt)	-442.12	-515.73	-471.46	-388.04	14.06
Net Cash Per Share	-4.12	-5.19	-5.23	-4.31	0.17
Filing Date Shares Outstanding	109.75	104.71	92.83	90.04	90.04
Total Common Shares Outstanding	109.75	104.71	92.83	90.04	90.04
Working Capital	318.32	134.75	56.1	161.22	432.28
Book Value Per Share	11.09	9.46	6.09	6.80	7.71
Tangible Book Value	1,208	980	552.6	597.32	678.22
Tangible Book Value Per Share	11.00	9.36	5.95	6.63	7.53
Buildings	-	562.16	542.24	217.08	158.48
Machinery	-	270.79	124.45	102.52	74.62
Construction In Progress	-	101.55	90.34	284.39	55.27

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