HKG:2659 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cash & Equivalents	1,242	524.16	321.67
Short-Term Investments	-	1.18	2.46
Cash & Short-Term Investments	1,242	525.33	324.13
Cash Growth	136.35%	62.08%	-
Accounts Receivable	0.1	0.14	2
Other Receivables	-	-	0.04
Receivables	0.1	0.14	2.04
Inventory	6.25	4.72	8.07
Prepaid Expenses	-	0.83	1.05
Other Current Assets	115.2	134.56	30.85
Total Current Assets	1,363	665.58	366.15
Property, Plant & Equipment	734.26	677.13	585.42
Long-Term Investments	10.81	7.83	8.44
Other Intangible Assets	11.69	12.32	12.57
Other Long-Term Assets	97.06	0.41	1.31
Total Assets	2,217	1,363	973.88
Accounts Payable	0.01	0.34	-
Accrued Expenses	-	20.44	12.14
Short-Term Debt	-	29.83	20.02
Current Portion of Long-Term Debt	113.96	39.74	45.09
Current Portion of Leases	1.61	1.56	0.92
Current Income Taxes Payable	-	1.16	0.98
Current Unearned Revenue	4.59	58.37	18.36
Other Current Liabilities	210.49	44.79	49.31
Total Current Liabilities	330.65	196.23	146.82
Long-Term Debt	198.45	132.29	44.98
Long-Term Leases	0.98	1.84	0.1
Long-Term Unearned Revenue	94.92	37.03	32.83
Long-Term Deferred Tax Liabilities	-	-	0.02
Total Liabilities	625.01	367.39	224.75
Common Stock	65.2	57.26	52.05
Additional Paid-In Capital	-	1,453	1,000
Retained Earnings	-	-667.66	-303.23
Comprehensive Income & Other	1,527	153.15	-
Shareholders' Equity	1,592	995.88	749.13
Total Liabilities & Equity	2,217	1,363	973.88
Total Debt	315	205.26	111.12
Net Cash (Debt)	926.61	320.08	213.01
Net Cash Growth	189.50%	50.26%	-
Net Cash Per Share	3.19	5.98	4.21
Filing Date Shares Outstanding	523.72	286.3	50.59
Total Common Shares Outstanding	523.72	286.3	50.59
Working Capital	1,033	469.35	219.32
Book Value Per Share	3.04	3.48	14.81
Tangible Book Value	1,580	983.56	736.56
Tangible Book Value Per Share	3.02	3.44	14.56
Buildings	-	199.13	199.13
Machinery	-	176.61	164.47
Construction In Progress	-	302.12	199.59

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