HKG:2651 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '16 Dec 31, 2016
Cash & Equivalents	247.47	95.05	227.08	177.97	4.65
Short-Term Investments	4.01	-	-	-	-
Trading Asset Securities	34.49	-	-	0.12	-
Cash & Short-Term Investments	285.97	95.05	227.08	178.09	4.65
Cash Growth	200.88%	-58.15%	27.51%	3727.58%	45.09%
Accounts Receivable	7.42	5.84	6.55	3.75	2.68
Other Receivables	3.29	2.53	3.87	8.41	1.84
Receivables	10.7	8.36	10.42	12.16	4.52
Inventory	2.41	3.66	5.71	6.13	2.85
Prepaid Expenses	-	-	-	-	2.08
Other Current Assets	5.82	14.58	4.72	5.43	-
Total Current Assets	304.9	121.64	247.93	201.81	14.1
Property, Plant & Equipment	140.8	184.95	173.47	186.6	37.2
Goodwill	63.09	63.09	63.09	63.09	-
Other Intangible Assets	2.05	1.75	2.02	2.33	0.19
Long-Term Deferred Tax Assets	1.15	1.89	0.59	0.79	0.01
Long-Term Deferred Charges	-	-	-	-	6.68
Other Long-Term Assets	2.99	4.67	3.91	4.88	-
Total Assets	514.98	377.99	491.01	459.49	58.18

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '16 Dec 31, 2016
Accounts Payable	9.78	14.68	17.3	18.01	3.72
Accrued Expenses	22.62	19.57	23.68	18.55	0
Current Portion of Leases	27.52	31.21	32.49	34.43	-
Current Income Taxes Payable	5.23	4.84	3.66	1.2	1.99
Current Unearned Revenue	21.9	33.61	52.9	49.51	-
Other Current Liabilities	3.93	31.19	118.19	5.94	2.52
Total Current Liabilities	90.98	135.1	248.21	127.65	8.23
Long-Term Leases	47.33	81.9	69.2	77.4	-
Long-Term Unearned Revenue	2.33	1.73	2.1	1.73	-
Long-Term Deferred Tax Liabilities	0.06	0.25	0.36	0.42	-
Other Long-Term Liabilities	-	-	-	110.45	-
Total Liabilities	140.71	218.98	319.86	317.65	8.23

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '16 Dec 31, 2016
Common Stock	49.38	38.52	46.9	46.9	30
Additional Paid-In Capital	184.4	38.72	136.38	-	7.03
Retained Earnings	70.79	42.61	50.7	37.23	12.92
Treasury Stock	-	-15.44	-15.44	-15.44	-
Comprehensive Income & Other	15.56	11.22	-87.18	47.42	-
Total Common Equity	320.13	115.63	131.36	116.11	49.95
Minority Interest	54.14	43.38	39.79	25.74	-
Shareholders' Equity	374.27	159.01	171.15	141.85	49.95
Total Liabilities & Equity	514.98	377.99	491.01	459.49	58.18

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '16 Dec 31, 2016
Total Debt	74.85	113.11	101.69	111.84	-
Net Cash (Debt)	211.12	-18.07	125.4	66.25	4.65
Net Cash Growth	-	-	89.27%	1323.94%	45.09%
Net Cash Per Share	4.83	-0.46	3.05	1.61	0.16
Filing Date Shares Outstanding	49.38	38.52	46.9	46.9	32.13
Total Common Shares Outstanding	49.38	38.52	46.9	46.9	32.13
Working Capital	213.92	-13.45	-0.28	74.16	5.87
Book Value Per Share	6.48	3.00	2.80	2.48	1.55
Tangible Book Value	254.99	50.79	66.25	50.69	49.76
Tangible Book Value Per Share	5.16	1.32	1.41	1.08	1.55
Buildings	29.48	29.48	29.48	26.19	-
Machinery	82.3	82.1	83.11	79.78	-
Construction In Progress	-	6.59	2.43	0.36	-
Leasehold Improvements	89.66	79.97	68.65	63.83	-