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	57.73	51.82	46.8	49.96
Trading Asset Securities	203.31	48.03	120.01	70.14
Cash & Short-Term Investments	668.87	330.02	308.56	326.37
Cash Growth	102.68%	6.96%	-5.46%	-
Accounts Receivable	523.33	337.92	205.07	134.96
Other Receivables	7.75	0.71	0.88	0.93
Receivables	531.07	338.62	205.94	135.89
Inventory	49.47	27.87	15.15	9.57
Prepaid Expenses	4.92	5.97	0.96	1.16
Restricted Cash	6.91	4.72	5.56	5.22
Other Current Assets	13.52	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	93.97	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	9.96	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	368.87	238.64	133.57	52.15
Comprehensive Income & Other	589.11	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)	558.69	248.03	282.46	307.68
Net Cash Growth	125.25%	-12.19%	-8.20%	-
Net Cash Per Share	9.24	4.13	4.71	5.13
Filing Date Shares Outstanding	66.67	60	60	60
Total Common Shares Outstanding	66.67	60	60	60
Working Capital	952.03	430.57	318.32	231.58
Book Value Per Share	15.37	8.31	6.51	5.05
Tangible Book Value	1,025	498.87	390.55	302.82
Tangible Book Value Per Share	15.37	8.31	6.51	5.05
Machinery	56.06	53.99	47.53	41.84
Construction In Progress	0.82	0.22	0.52	1.14
Leasehold Improvements	36.43	35.3	32.43	28.35