HKG:2632 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	126.58	230.44	63.97	29.92
Short-Term Investments	3.68	2.84	2.46	2.03
Trading Asset Securities	88.07	45.09	10.17	26.23
Cash & Short-Term Investments	218.33	278.36	76.6	58.18
Cash Growth	-21.57%	263.38%	31.67%	-
Accounts Receivable	297.23	297.67	297.09	127.11
Other Receivables	6.29	7.27	7.58	3.13
Receivables	303.52	304.93	304.68	130.24
Inventory	87.48	89.31	78.17	66.26
Restricted Cash	1.13	0.95	-	-
Other Current Assets	4.61	2.33	1.23	1.38
Total Current Assets	615.07	675.87	460.68	256.06
Property, Plant & Equipment	140.99	76.34	76.1	72.93
Long-Term Investments	12.66	-	-	-
Other Intangible Assets	19.55	19.49	22.57	3.63
Long-Term Accounts Receivable	5.93	4.42	1.2	-
Other Long-Term Assets	0.67	0.02	5.21	0.7
Total Assets	794.87	776.14	565.75	333.33
Accounts Payable	136.09	127.91	104.97	49.07
Accrued Expenses	32.84	29.74	26.33	25.08
Short-Term Debt	126.14	19.03	40.04	46.67
Current Portion of Long-Term Debt	-	70.08	-	-
Current Portion of Leases	5.6	3.22	3.46	3.12
Current Income Taxes Payable	0.29	1.3	0.06	-
Current Unearned Revenue	13.76	5.68	10.51	15.49
Other Current Liabilities	2,020	1,385	1,015	669.05
Total Current Liabilities	2,334	1,642	1,201	808.48
Long-Term Debt	-	23	-	-
Long-Term Leases	17.94	8.7	8.74	11.37
Long-Term Unearned Revenue	1.53	-	-	-
Total Liabilities	2,354	1,674	1,209	819.86
Common Stock	53.58	53.58	50.99	42.28
Additional Paid-In Capital	638.72	638.72	521.37	357.43
Retained Earnings	-1,448	-771.82	-628.55	-446.63
Comprehensive Income & Other	-825.11	-828.93	-592.44	-437.28
Total Common Equity	-1,581	-908.45	-648.63	-484.2
Minority Interest	21.95	11.06	4.9	-2.33
Shareholders' Equity	-1,559	-897.39	-643.73	-486.53
Total Liabilities & Equity	794.87	776.14	565.75	333.33
Total Debt	149.69	124.02	52.23	61.16
Net Cash (Debt)	68.64	154.34	24.37	-2.98
Net Cash Growth	-55.53%	533.24%	-	-
Net Cash Per Share	0.64	1.51	0.27	-0.04
Filing Date Shares Outstanding	107.17	107.17	91.22	81.86
Total Common Shares Outstanding	107.17	107.17	91.22	81.86
Working Capital	-1,719	-965.96	-740.06	-552.42
Book Value Per Share	-14.75	-8.48	-7.11	-5.92
Tangible Book Value	-1,601	-927.94	-671.19	-487.83
Tangible Book Value Per Share	-14.94	-8.66	-7.36	-5.96
Machinery	92.51	81.25	62.18	42.84
Construction In Progress	59.96	3.57	3.75	10.72
Leasehold Improvements	19.65	18.8	20.99	17.73

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