HKG:2720 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	55.71	65.67	26.64	14.14
Cash & Short-Term Investments	55.71	65.67	26.64	14.14
Cash Growth	-15.17%	146.48%	88.50%	-
Accounts Receivable	100.25	88.31	67.3	107.79
Other Receivables	6.95	7.81	2.01	13.87
Receivables	107.19	96.12	69.3	121.66
Inventory	123.24	122.04	87.32	129.12
Other Current Assets	9.58	5.32	0.89	1.35
Total Current Assets	295.72	289.14	184.16	266.26
Property, Plant & Equipment	38.48	41.76	47.97	57.82
Other Intangible Assets	0.92	0.41	0.06	0.05
Long-Term Deferred Tax Assets	7.95	8.51	9.43	9.45
Other Long-Term Assets	0.02	0.51	0.04	-
Total Assets	343.09	340.33	241.66	333.58
Accounts Payable	69.44	86.08	60.27	140.07
Accrued Expenses	18.64	16.38	12.5	8.56
Short-Term Debt	-	205.44	4.93	4.58
Current Portion of Long-Term Debt	200.14	50.05	0.03	0.03
Current Portion of Leases	0.47	2.51	4.05	8.3
Current Income Taxes Payable	2.9	3.03	10.63	3.63
Current Unearned Revenue	8.93	12.44	5.44	6.85
Other Current Liabilities	13.26	8.43	3.63	1.8
Total Current Liabilities	313.78	384.35	101.47	173.82
Long-Term Debt	-	-	0.06	0.08
Long-Term Leases	0.88	1.29	3.14	5.14
Total Liabilities	314.66	385.64	104.67	179.04
Common Stock	0.36	0.36	-	-
Retained Earnings	-	33.13	-	-
Comprehensive Income & Other	28.07	-78.79	132.71	149.36
Total Common Equity	28.43	-45.31	132.71	149.36
Minority Interest	-	-	4.27	5.19
Shareholders' Equity	28.43	-45.31	136.99	154.54
Total Liabilities & Equity	343.09	340.33	241.66	333.58
Total Debt	201.49	259.28	12.21	18.12
Net Cash (Debt)	-145.78	-193.61	14.43	-3.99
Net Cash Per Share	-1.46	-1.94	-	-
Filing Date Shares Outstanding	100	100	-	-
Total Common Shares Outstanding	100	100	-	-
Working Capital	-18.06	-95.2	82.69	92.44
Book Value Per Share	0.28	-0.45	-	-
Tangible Book Value	27.51	-45.72	132.65	149.31
Tangible Book Value Per Share	0.28	-0.46	-	-
Machinery	-	57.61	56.84	56.93
Leasehold Improvements	-	0.25	-	-

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