HKG:2589 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	1,208	342.66	631.31	193.01
Short-Term Investments	140.41	23.46	3.25	1.99
Trading Asset Securities	703.08	948.14	431.26	260.9
Cash & Short-Term Investments	2,052	1,314	1,066	455.9
Cash Growth	56.12%	23.31%	133.78%	-
Accounts Receivable	25.49	2.9	0.7	-
Other Receivables	-	60.13	34.81	40.67
Receivables	25.49	63.03	35.51	40.67
Inventory	230.53	197.7	172.3	168.56
Restricted Cash	4.51	80	30.36	-
Other Current Assets	197.11	2.72	2.69	2.11
Total Current Assets	2,509	1,658	1,307	667.24
Property, Plant & Equipment	138.96	136.89	186.92	204.84
Long-Term Investments	269.95	3.5	3	7.15
Other Intangible Assets	13.31	11.08	7.04	4.96
Long-Term Accounts Receivable	-	6.08	-	-
Long-Term Deferred Tax Assets	26.62	25.79	29.19	28.8
Other Long-Term Assets	23.11	14.74	15.26	12.2
Total Assets	2,981	1,856	1,548	925.2
Accounts Payable	349.38	226.25	219.81	186.51
Accrued Expenses	-	152.9	129.45	88.76
Short-Term Debt	2	29.92	-	1
Current Portion of Leases	38.81	41.63	54.63	52.94
Current Income Taxes Payable	44.89	48.46	24.11	17.19
Current Unearned Revenue	149.82	56.83	95.05	74.77
Other Current Liabilities	415.97	60.11	102.29	37.31
Total Current Liabilities	1,001	616.11	625.33	458.48
Long-Term Leases	53.61	54.46	74.5	82.68
Long-Term Unearned Revenue	1.75	1.11	9.28	19.46
Long-Term Deferred Tax Liabilities	0.1	0.02	-	-
Total Liabilities	1,056	671.7	709.11	560.62
Common Stock	105.2	102.43	100	-
Additional Paid-In Capital	-	-	-	10.9
Retained Earnings	-	616.72	446.56	207.64
Comprehensive Income & Other	1,820	464.94	292.41	146.04
Shareholders' Equity	1,925	1,184	838.97	364.58
Total Liabilities & Equity	2,981	1,856	1,548	925.2
Total Debt	94.43	126.01	129.13	136.62
Net Cash (Debt)	1,957	1,188	936.69	319.28
Net Cash Growth	64.73%	26.86%	193.37%	-
Net Cash Per Share	18.78	11.63	9.71	3.41
Filing Date Shares Outstanding	105.22	104.84	96.48	93.77
Total Common Shares Outstanding	105.22	102.43	96.48	93.77
Working Capital	1,509	1,042	681.34	208.76
Book Value Per Share	18.30	11.56	8.70	3.89
Tangible Book Value	1,912	1,173	831.93	359.61
Tangible Book Value Per Share	18.17	11.45	8.62	3.84
Machinery	-	48.88	46.42	35.22
Construction In Progress	-	0.65	10.47	13.99
Leasehold Improvements	-	43.91	45.87	41.98

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