HKG:2650 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	291.63	141.36	195.07	205.2
Short-Term Investments	12.78	19.89	6.58	5.8
Trading Asset Securities	-	-	1.51	31.98
Cash & Short-Term Investments	304.41	161.25	203.15	242.97
Cash Growth	88.78%	-20.62%	-16.39%	-
Accounts Receivable	432.3	306.37	424.91	516.44
Other Receivables	-	0.16	1.3	1.78
Receivables	432.3	306.53	426.22	520.42
Inventory	137.68	171.15	153.3	138.29
Prepaid Expenses	-	26.32	5.07	2.66
Restricted Cash	0.26	0.59	-	-
Other Current Assets	50.84	22.08	9.85	5.06
Total Current Assets	925.47	687.92	797.58	909.4
Property, Plant & Equipment	51.17	56.52	52.1	42.77
Long-Term Investments	16.71	16.45	-	-
Other Intangible Assets	18.72	16.51	16.27	6.34
Long-Term Deferred Tax Assets	49.62	48.34	44.27	23.97
Other Long-Term Assets	62.48	10.7	7.43	6.72
Total Assets	1,124	836.44	917.66	989.2
Accounts Payable	325.74	324.92	296.53	351.74
Accrued Expenses	-	20.54	18.49	15.66
Short-Term Debt	470.3	390.32	274.31	253.28
Current Portion of Leases	10.42	7.42	7.19	7.29
Current Income Taxes Payable	2.3	0.19	4.17	4.04
Current Unearned Revenue	14.04	12.83	10.53	5.38
Other Current Liabilities	45.33	18.06	30.56	14.51
Total Current Liabilities	868.13	774.27	641.77	651.88
Long-Term Leases	2.34	5.83	4.84	5.12
Long-Term Unearned Revenue	2.61	2.41	1.35	0.94
Other Long-Term Liabilities	6.97	4.77	4.46	7.99
Total Liabilities	880.05	787.29	652.42	665.93
Common Stock	59.79	53.45	52.53	52.53
Additional Paid-In Capital	-	155.83	105.92	105.92
Retained Earnings	-485.4	-321.56	-82.72	-24.18
Comprehensive Income & Other	666.44	158.14	175.73	175.64
Total Common Equity	240.83	45.86	251.46	309.91
Minority Interest	3.29	3.29	13.78	13.36
Shareholders' Equity	244.12	49.15	265.24	323.27
Total Liabilities & Equity	1,124	836.44	917.66	989.2
Total Debt	483.06	403.57	286.34	265.69
Net Cash (Debt)	-178.65	-242.31	-83.19	-22.71
Net Cash Per Share	-3.24	-0.92	-0.32	-0.09
Filing Date Shares Outstanding	-	298.94	262.64	248.84
Total Common Shares Outstanding	-	267.24	262.64	248.84
Working Capital	57.34	-86.35	155.81	257.52
Book Value Per Share	-	0.17	0.96	1.25
Tangible Book Value	222.11	29.36	235.19	303.58
Tangible Book Value Per Share	-	0.11	0.90	1.22
Machinery	-	69.66	59.67	46.02
Construction In Progress	-	0.8	0	3.17
Leasehold Improvements	-	22.51	18.34	11.88

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