HKG:2658 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	1,166	114.58	188.61	464.48
Short-Term Investments	27.3	-	-	-
Cash & Short-Term Investments	1,194	114.58	188.61	464.48
Cash Growth	941.72%	-39.25%	-59.39%	-
Accounts Receivable	742.59	147.54	350.42	194.43
Other Receivables	18.65	83.71	38.97	26.67
Receivables	761.23	231.24	389.39	221.1
Inventory	69.21	212.26	446	305.29
Restricted Cash	6.91	37.82	21.04	3.31
Other Current Assets	162.03	6.4	2.06	0.86
Total Current Assets	2,193	602.31	1,047	995.03
Property, Plant & Equipment	2,947	2,535	1,596	511.9
Other Intangible Assets	5.18	3.45	0.31	0.25
Long-Term Deferred Tax Assets	117.75	105.89	16.94	32.07
Other Long-Term Assets	180.34	233.31	382.2	219.29
Total Assets	5,443	3,480	3,043	1,759
Accounts Payable	141.17	174.44	217.01	53.02
Accrued Expenses	-	10.9	17.52	18.15
Short-Term Debt	384.01	350.83	134.17	-
Current Portion of Long-Term Debt	381.45	283.73	164.79	-
Current Portion of Leases	6.71	6.35	8.1	4.01
Current Income Taxes Payable	-	0.62	0.7	0.69
Current Unearned Revenue	4.26	1.88	4.15	4.2
Other Current Liabilities	210.07	296.52	240	63.18
Total Current Liabilities	1,128	1,125	786.43	143.26
Long-Term Debt	1,502	1,060	484.76	-
Long-Term Leases	41.33	48.75	54.04	16.19
Long-Term Unearned Revenue	59.47	26.2	21.01	23.64
Long-Term Deferred Tax Liabilities	0.1	0.1	0.09	0.09
Total Liabilities	2,730	2,260	1,346	183.18
Common Stock	393.27	363.2	363.2	363.2
Retained Earnings	-	-572.38	-79.93	-181.36
Comprehensive Income & Other	2,322	1,424	1,401	1,384
Total Common Equity	2,715	1,215	1,684	1,566
Minority Interest	-1.93	4.67	12.47	9.81
Shareholders' Equity	2,713	1,220	1,697	1,575
Total Liabilities & Equity	5,443	3,480	3,043	1,759
Total Debt	2,315	1,749	845.86	20.2
Net Cash (Debt)	-1,121	-1,635	-657.26	444.27
Net Cash Per Share	-3.07	-4.50	-1.81	1.34
Filing Date Shares Outstanding	393.27	363.2	363.2	331.48
Total Common Shares Outstanding	393.27	363.2	363.2	331.48
Working Capital	1,065	-522.96	260.66	851.78
Book Value Per Share	6.90	3.35	4.64	4.72
Tangible Book Value	2,710	1,211	1,684	1,565
Tangible Book Value Per Share	6.89	3.34	4.64	4.72
Buildings	362.19	-	-	-
Machinery	1,259	1,343	1,183	366.33
Construction In Progress	1,429	1,272	368.54	179.94
Leasehold Improvements	195.01	72.9	70.16	20.04

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