HKG:2677 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	291.67	324.85	307.97	198.33	146.34
Short-Term Investments	170.39	10.88	11.05	107.59	-
Trading Asset Securities	236.48	199.37	162.86	196.57	324.97
Cash & Short-Term Investments	698.54	535.1	481.88	502.48	471.3
Cash Growth	-	11.04%	-4.10%	6.62%	-
Accounts Receivable	73.11	69.54	52.15	36.98	19.41
Other Receivables	1.71	0.25	9.9	0.13	0.66
Receivables	74.82	69.79	62.05	37.11	20.06
Inventory	52.12	36.51	34.9	26.48	25.51
Prepaid Expenses	19	13.01	8.91	3.78	3.03
Other Current Assets	6.48	8.45	6.84	3.88	4.26
Total Current Assets	850.96	662.85	594.58	573.72	524.17
Property, Plant & Equipment	494.34	437.9	508.2	462.86	457.8
Long-Term Investments	-	-	10.55	10.22	-
Goodwill	-	133.94	133.94	-	-
Other Intangible Assets	146.94	8.96	2.04	2.29	2.75
Long-Term Deferred Tax Assets	50.48	50.7	45.59	42.65	32.45
Other Long-Term Assets	59.18	42.08	30.43	26.93	83.26
Total Assets	1,602	1,336	1,325	1,119	1,100

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Accounts Payable	15.99	10.53	9.71	5.58	7.02
Accrued Expenses	86.82	118.85	103.02	87.02	59.44
Short-Term Debt	-	2,261	2,411	2,348	2,032
Current Portion of Leases	66.61	67.84	81.48	62.25	61.86
Current Income Taxes Payable	13.98	11.56	2.38	-	-
Current Unearned Revenue	196.37	171.09	130.55	88.95	55.57
Other Current Liabilities	42.7	51.73	77.55	44.51	46.7
Total Current Liabilities	422.47	2,693	2,816	2,636	2,262
Long-Term Leases	243.41	221.11	257.79	239.9	239.99
Long-Term Unearned Revenue	26.74	23.43	11.17	2.21	1.96
Long-Term Deferred Tax Liabilities	0.02	0.03	0.01	1.64	0.91
Total Liabilities	692.64	2,937	3,085	2,880	2,505

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Common Stock	0.4	0.09	0.09	0.09	0.09
Additional Paid-In Capital	-	-	-	11.28	11.28
Retained Earnings	-1,510	-1,566	-1,701	-1,785	-1,434
Comprehensive Income & Other	2,388	-69.79	-96.72	7.48	10.82
Total Common Equity	877.04	-1,636	-1,798	-1,766	-1,412
Minority Interest	32.21	34.94	38.56	4.98	7.57
Shareholders' Equity	909.25	-1,601	-1,759	-1,761	-1,405
Total Liabilities & Equity	1,602	1,336	1,325	1,119	1,100

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Total Debt	310.02	2,550	2,750	2,650	2,334
Net Cash (Debt)	388.51	-2,015	-2,268	-2,148	-1,862
Net Cash Growth	-	-	-	-	-
Net Cash Per Share	6.72	-36.88	-41.86	-153.95	-133.50
Filing Date Shares Outstanding	50.47	18.95	18.95	13.95	13.95
Total Common Shares Outstanding	50.47	18.95	18.95	13.95	13.95
Working Capital	428.48	-2,030	-2,221	-2,063	-1,738
Book Value Per Share	17.38	-86.33	-94.88	-126.62	-101.24
Tangible Book Value	730.1	-1,779	-1,934	-1,769	-1,415
Tangible Book Value Per Share	14.47	-93.87	-102.06	-126.78	-101.44
Machinery	-	209.17	191.9	155.08	138.71
Construction In Progress	-	8.69	3.98	2.8	17.4
Leasehold Improvements	-	253.79	240.78	203.33	150.62