HKG:2650 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	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	146.17	141.36	195.07	205.2
Short-Term Investments	27.36	19.89	6.58	5.8
Trading Asset Securities	-	-	1.51	31.98
Cash & Short-Term Investments	173.53	161.25	203.15	242.97
Cash Growth	-	-20.62%	-16.39%	-
Accounts Receivable	393.88	306.37	424.91	516.44
Other Receivables	1.33	0.16	1.3	1.78
Receivables	395.21	306.53	426.22	520.42
Inventory	185.1	171.15	153.3	138.29
Prepaid Expenses	28.49	26.32	5.07	2.66
Restricted Cash	0.59	0.59	-	-
Other Current Assets	13.75	22.08	9.85	5.06
Total Current Assets	796.66	687.92	797.58	909.4
Property, Plant & Equipment	60.01	56.52	52.1	42.77
Long-Term Investments	16.45	16.45	-	-
Other Intangible Assets	17.21	16.51	16.27	6.34
Long-Term Deferred Tax Assets	48.76	48.34	44.27	23.97
Other Long-Term Assets	10.13	10.7	7.43	6.72
Total Assets	949.23	836.44	917.66	989.2
Accounts Payable	367.84	324.92	296.53	351.74
Accrued Expenses	17.07	20.54	18.49	15.66
Short-Term Debt	450.58	390.32	274.31	253.28
Current Portion of Leases	10.05	7.42	7.19	7.29
Current Income Taxes Payable	1.9	0.19	4.17	4.04
Current Unearned Revenue	10.23	12.83	10.53	5.38
Other Current Liabilities	20.53	18.06	30.56	14.51
Total Current Liabilities	878.2	774.27	641.77	651.88
Long-Term Leases	8.67	5.83	4.84	5.12
Long-Term Unearned Revenue	3.46	2.41	1.35	0.94
Other Long-Term Liabilities	6.77	4.77	4.46	7.99
Total Liabilities	897.1	787.29	652.42	665.93
Common Stock	53.81	53.45	52.53	52.53
Additional Paid-In Capital	175.47	155.83	105.92	105.92
Retained Earnings	-338.61	-321.56	-82.72	-24.18
Comprehensive Income & Other	158.19	158.14	175.73	175.64
Total Common Equity	48.86	45.86	251.46	309.91
Minority Interest	3.26	3.29	13.78	13.36
Shareholders' Equity	52.13	49.15	265.24	323.27
Total Liabilities & Equity	949.23	836.44	917.66	989.2
Total Debt	469.31	403.57	286.34	265.69
Net Cash (Debt)	-295.78	-242.31	-83.19	-22.71
Net Cash Per Share	-5.59	-4.61	-1.58	-0.46
Filing Date Shares Outstanding	59.79	59.79	52.53	49.77
Total Common Shares Outstanding	53.81	53.45	52.53	49.77
Working Capital	-81.54	-86.35	155.81	257.52
Book Value Per Share	0.91	0.86	4.79	6.23
Tangible Book Value	31.65	29.36	235.19	303.58
Tangible Book Value Per Share	0.59	0.55	4.48	6.10
Machinery	71.68	69.66	59.67	46.02
Construction In Progress	0.11	0.8	0	3.17
Leasehold Improvements	22.51	22.51	18.34	11.88

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