HKG:2632 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	104.76	230.44	63.97	29.92
Short-Term Investments	6.06	2.84	2.46	2.03
Trading Asset Securities	65.03	45.09	10.17	26.23
Cash & Short-Term Investments	175.85	278.36	76.6	58.18
Cash Growth	-	263.38%	31.67%	-
Accounts Receivable	285.03	297.67	297.09	127.11
Other Receivables	7.84	7.27	7.58	3.13
Receivables	292.87	304.93	304.68	130.24
Inventory	116.97	89.31	78.17	66.26
Restricted Cash	1.63	0.95	-	-
Other Current Assets	6.32	2.33	1.23	1.38
Total Current Assets	593.64	675.87	460.68	256.06
Property, Plant & Equipment	133.9	76.34	76.1	72.93
Other Intangible Assets	17.68	19.49	22.57	3.63
Long-Term Accounts Receivable	5.88	4.42	1.2	-
Other Long-Term Assets	0.44	0.02	5.21	0.7
Total Assets	763.52	776.14	565.75	333.33
Accounts Payable	125.42	127.91	104.97	49.07
Accrued Expenses	19.74	29.74	26.33	25.08
Short-Term Debt	-	19.03	40.04	46.67
Current Portion of Long-Term Debt	103.08	70.08	-	-
Current Portion of Leases	5.52	3.22	3.46	3.12
Current Income Taxes Payable	1.8	1.3	0.06	-
Current Unearned Revenue	13.77	5.68	10.51	15.49
Other Current Liabilities	1,707	1,385	1,015	669.05
Total Current Liabilities	1,976	1,642	1,201	808.48
Long-Term Debt	-	23	-	-
Long-Term Leases	21.76	8.7	8.74	11.37
Total Liabilities	2,000	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	-1,124	-771.82	-628.55	-446.63
Comprehensive Income & Other	-826.93	-828.93	-592.44	-437.28
Total Common Equity	-1,258	-908.45	-648.63	-484.2
Minority Interest	22.21	11.06	4.9	-2.33
Shareholders' Equity	-1,236	-897.39	-643.73	-486.53
Total Liabilities & Equity	763.52	776.14	565.75	333.33
Total Debt	130.36	124.02	52.23	61.16
Net Cash (Debt)	45.49	154.34	24.37	-2.98
Net Cash Growth	-	533.24%	-	-
Net Cash Per Share	0.43	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	-1,383	-965.96	-740.06	-552.42
Book Value Per Share	-11.74	-8.48	-7.11	-5.92
Tangible Book Value	-1,276	-927.94	-671.19	-487.83
Tangible Book Value Per Share	-11.91	-8.66	-7.36	-5.96
Machinery	88.22	81.25	62.18	42.84
Construction In Progress	48.01	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.