HKG:2677 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	324.85	307.97	198.33	146.34
Short-Term Investments	10.88	11.05	107.59	-
Trading Asset Securities	199.37	162.86	196.57	324.97
Cash & Short-Term Investments	535.1	481.88	502.48	471.3
Cash Growth	11.04%	-4.10%	6.62%	-
Accounts Receivable	69.54	52.15	36.98	19.41
Other Receivables	0.25	9.9	0.13	0.66
Receivables	69.79	62.05	37.11	20.06
Inventory	36.51	34.9	26.48	25.51
Prepaid Expenses	13.01	8.91	3.78	3.03
Other Current Assets	8.45	6.84	3.88	4.26
Total Current Assets	662.85	594.58	573.72	524.17
Property, Plant & Equipment	437.9	508.2	462.86	457.8
Long-Term Investments	-	10.55	10.22	-
Goodwill	-	133.94	-	-
Other Intangible Assets	142.9	2.04	2.29	2.75
Long-Term Deferred Tax Assets	50.7	45.59	42.65	32.45
Other Long-Term Assets	42.08	30.43	26.93	83.26
Total Assets	1,336	1,325	1,119	1,100
Accounts Payable	10.53	9.71	5.58	7.02
Accrued Expenses	118.85	103.02	87.02	59.44
Short-Term Debt	2,261	2,411	2,348	2,032
Current Portion of Leases	67.84	81.48	62.25	61.86
Current Income Taxes Payable	11.56	2.38	-	-
Current Unearned Revenue	171.09	130.55	88.95	55.57
Other Current Liabilities	51.73	77.55	44.51	46.7
Total Current Liabilities	2,693	2,816	2,636	2,262
Long-Term Leases	221.11	257.79	239.9	239.99
Long-Term Unearned Revenue	23.43	11.17	2.21	1.96
Long-Term Deferred Tax Liabilities	0.03	0.01	1.64	0.91
Total Liabilities	2,937	3,085	2,880	2,505
Common Stock	0.09	0.09	0.09	0.09
Additional Paid-In Capital	-	-	11.28	11.28
Retained Earnings	-1,566	-1,701	-1,785	-1,434
Comprehensive Income & Other	-69.79	-96.72	7.48	10.82
Total Common Equity	-1,636	-1,798	-1,766	-1,412
Minority Interest	34.94	38.56	4.98	7.57
Shareholders' Equity	-1,601	-1,759	-1,761	-1,405
Total Liabilities & Equity	1,336	1,325	1,119	1,100
Total Debt	2,550	2,750	2,650	2,334
Net Cash (Debt)	-2,015	-2,268	-2,148	-1,862
Net Cash Per Share	-36.88	-41.86	-153.95	-133.50
Filing Date Shares Outstanding	13.95	18.95	13.95	13.95
Total Common Shares Outstanding	13.95	18.95	13.95	13.95
Working Capital	-2,030	-2,221	-2,063	-1,738
Book Value Per Share	-117.28	-94.88	-126.62	-101.24
Tangible Book Value	-1,779	-1,934	-1,769	-1,415
Tangible Book Value Per Share	-127.52	-102.06	-126.78	-101.44
Machinery	-	191.9	155.08	138.71
Construction In Progress	-	3.98	2.8	17.4
Leasehold Improvements	-	240.78	203.33	150.62

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