HKG:2687 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	407.83	230.17	141.74	206.27
Short-Term Investments	-	51.82	46.8	49.96
Trading Asset Securities	203.31	48.03	120.01	70.14
Cash & Short-Term Investments	611.14	330.02	308.56	326.37
Cash Growth	85.19%	6.96%	-5.46%	-
Accounts Receivable	523.33	337.92	205.07	134.96
Other Receivables	-	0.71	0.88	0.93
Receivables	523.33	338.62	205.94	135.89
Inventory	49.47	27.87	15.15	9.57
Prepaid Expenses	-	5.97	0.96	1.16
Restricted Cash	6.91	4.72	5.56	5.22
Other Current Assets	83.91	8.85	8.46	5.66
Total Current Assets	1,275	716.06	544.62	483.86
Property, Plant & Equipment	27.49	39.66	43.54	39.88
Long-Term Accounts Receivable	11.41	7.61	9.57	5.8
Long-Term Deferred Tax Assets	39.46	29.19	30.71	35.92
Total Assets	1,353	792.51	628.44	565.46
Accounts Payable	11.29	11.08	25.18	36.81
Accrued Expenses	-	84.96	62.04	76.05
Short-Term Debt	92.94	56.24	-	-
Current Portion of Leases	11.5	17.59	14.5	8.4
Current Unearned Revenue	103.07	113.44	124.5	130.95
Other Current Liabilities	103.94	2.17	0.08	0.08
Total Current Liabilities	322.73	285.48	226.3	252.28
Long-Term Leases	5.75	8.16	11.6	10.29
Long-Term Unearned Revenue	-	-	-	0.07
Total Liabilities	328.49	293.64	237.9	262.64
Common Stock	66.67	60	60	60
Retained Earnings	335.53	238.64	133.57	52.15
Comprehensive Income & Other	622.44	200.23	196.98	190.68
Shareholders' Equity	1,025	498.87	390.55	302.82
Total Liabilities & Equity	1,353	792.51	628.44	565.46
Total Debt	110.19	81.99	26.1	18.69
Net Cash (Debt)	500.96	248.03	282.46	307.68
Net Cash Growth	101.98%	-12.19%	-8.20%	-
Net Cash Per Share	8.27	4.13	4.71	5.13
Filing Date Shares Outstanding	61.14	60	60	60
Total Common Shares Outstanding	61.14	60	60	60
Working Capital	952.03	430.57	318.32	231.58
Book Value Per Share	16.76	8.31	6.51	5.05
Tangible Book Value	1,025	498.87	390.55	302.82
Tangible Book Value Per Share	16.76	8.31	6.51	5.05
Machinery	-	53.99	47.53	41.84
Construction In Progress	-	0.22	0.52	1.14
Leasehold Improvements	-	35.3	32.43	28.35

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