HKG:2659 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cash & Equivalents	453.39	524.16	321.67
Short-Term Investments	1.01	1.18	2.46
Cash & Short-Term Investments	454.4	525.33	324.13
Cash Growth	-	62.08%	-
Accounts Receivable	0.12	0.14	2
Other Receivables	-	-	0.04
Receivables	0.12	0.14	2.04
Inventory	5.36	4.72	8.07
Prepaid Expenses	0.54	0.83	1.05
Other Current Assets	139.81	134.56	30.85
Total Current Assets	600.24	665.58	366.15
Property, Plant & Equipment	735.85	677.13	585.42
Long-Term Investments	7.71	7.83	8.44
Other Intangible Assets	11.98	12.32	12.57
Other Long-Term Assets	32.91	0.41	1.31
Total Assets	1,389	1,363	973.88
Accounts Payable	-	0.34	-
Accrued Expenses	14.59	20.44	12.14
Short-Term Debt	-	29.83	20.02
Current Portion of Long-Term Debt	73.22	39.74	45.09
Current Portion of Leases	1.71	1.56	0.92
Current Income Taxes Payable	1.04	1.16	0.98
Current Unearned Revenue	0.54	58.37	18.36
Other Current Liabilities	196.78	44.79	49.31
Total Current Liabilities	287.87	196.23	146.82
Long-Term Debt	170.2	132.29	44.98
Long-Term Leases	1.1	1.84	0.1
Long-Term Unearned Revenue	39.93	37.03	32.83
Long-Term Deferred Tax Liabilities	-	-	0.02
Total Liabilities	499.1	367.39	224.75
Common Stock	57.61	57.26	52.05
Additional Paid-In Capital	1,483	1,453	1,000
Retained Earnings	-850.76	-667.66	-303.23
Comprehensive Income & Other	199.96	153.15	-
Shareholders' Equity	889.59	995.88	749.13
Total Liabilities & Equity	1,389	1,363	973.88
Total Debt	246.23	205.26	111.12
Net Cash (Debt)	208.18	320.08	213.01
Net Cash Growth	-	50.26%	-
Net Cash Per Share	3.70	5.98	4.21
Filing Date Shares Outstanding	57.61	286.3	50.59
Total Common Shares Outstanding	57.61	286.3	50.59
Working Capital	312.37	469.35	219.32
Book Value Per Share	15.44	3.48	14.81
Tangible Book Value	877.61	983.56	736.56
Tangible Book Value Per Share	15.23	3.44	14.56
Buildings	199.13	199.13	199.13
Machinery	193.41	176.61	164.47
Construction In Progress	359.63	302.12	199.59

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