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	17.91	19.89	6.58	5.8
Trading Asset Securities	-	-	1.51	31.98
Cash & Short-Term Investments	309.53	161.25	203.15	242.97
Cash Growth	91.95%	-20.62%	-16.39%	-
Accounts Receivable	432.3	306.37	424.91	516.44
Other Receivables	0.81	0.16	1.3	1.78
Receivables	433.1	306.53	426.22	520.42
Inventory	170.78	197.47	153.3	138.29
Prepaid Expenses	-	-	5.07	2.66
Restricted Cash	0.26	0.59	-	-
Other Current Assets	11.8	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	23.71	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	21.63	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	512.24	155.83	105.92	105.92
Retained Earnings	-485.4	-321.56	-82.72	-24.18
Comprehensive Income & Other	154.2	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)	-173.53	-242.31	-83.19	-22.71
Net Cash Per Share	-0.63	-0.92	-0.32	-0.09
Filing Date Shares Outstanding	298.94	298.94	262.64	248.84
Total Common Shares Outstanding	298.94	267.24	262.64	248.84
Working Capital	57.34	-86.35	155.81	257.52
Book Value Per Share	0.81	0.17	0.96	1.25
Tangible Book Value	222.11	29.36	235.19	303.58
Tangible Book Value Per Share	0.74	0.11	0.90	1.22
Machinery	77.08	69.66	59.67	46.02
Construction In Progress	0.57	0.8	0	3.17
Leasehold Improvements	23.3	22.51	18.34	11.88

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