HKG:2738 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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	5.67	35.27	98.39	16.09	22.55
Trading Asset Securities	-	-	-	-	0.02
Cash & Short-Term Investments	5.67	35.27	98.39	16.09	22.57
Cash Growth	-83.92%	-64.15%	511.36%	-28.69%	-51.19%
Accounts Receivable	26.52	157.17	313.37	165.84	271.62
Other Receivables	145.58	139.76	85.92	44.74	14.42
Receivables	172.1	296.93	399.29	210.58	286.04
Inventory	30.96	308.47	315.18	134.11	156.9
Other Current Assets	287.17	847.94	1,164	1,109	719.87
Total Current Assets	495.89	1,489	1,977	1,470	1,185
Property, Plant & Equipment	1,809	2,122	1,589	1,249	1,151
Long-Term Investments	-	1.41	1.8	1.77	2.28
Long-Term Deferred Tax Assets	-	43.65	19.61	33.23	3.88
Other Long-Term Assets	35.9	60.62	200.4	42.92	61.67
Total Assets	2,340	3,717	3,788	2,797	2,405
Accounts Payable	152.64	193.48	193.67	236.9	222.26
Accrued Expenses	110.22	54.02	46.41	27.97	27.52
Short-Term Debt	2.67	228.64	408.15	248.8	123.87
Current Portion of Long-Term Debt	953.38	1,248	861.05	835.33	743.29
Current Portion of Leases	0.72	1.43	1.69	1.03	1.12
Current Income Taxes Payable	-	0.37	-	0	0.37
Current Unearned Revenue	173.33	340.91	586.84	454.14	215.65
Other Current Liabilities	314.54	175.92	146.21	117.97	80.9
Total Current Liabilities	1,707	2,243	2,244	1,922	1,415
Long-Term Debt	1,311	1,037	1,012	435.03	383.67
Long-Term Leases	7.64	8.2	7.74	2.68	2.71
Long-Term Unearned Revenue	1.65	4.95	8.25	11.55	14.85
Long-Term Deferred Tax Liabilities	-	-	1.4	0.03	1.41
Other Long-Term Liabilities	160.14	-	-	-	-
Total Liabilities	3,188	3,293	3,273	2,371	1,818
Common Stock	5	5	5	5	5
Additional Paid-In Capital	-	184	184	184	184
Retained Earnings	-	164.25	255.96	170.3	335.6
Comprehensive Income & Other	-854.39	68.78	67.87	66.04	62.38
Total Common Equity	-849.39	422.03	512.83	425.34	586.98
Minority Interest	1.53	1.73	1.92	-	-
Shareholders' Equity	-847.86	423.76	514.75	425.34	586.98
Total Liabilities & Equity	2,340	3,717	3,788	2,797	2,405
Total Debt	2,276	2,523	2,290	1,523	1,255
Net Cash (Debt)	-2,270	-2,488	-2,192	-1,507	-1,232
Net Cash Per Share	-3.78	-4.15	-3.65	-2.51	-2.05
Filing Date Shares Outstanding	600	600	600	600	600
Total Common Shares Outstanding	600	600	600	600	600
Working Capital	-1,212	-754.51	-266.74	-452.06	-229.61
Book Value Per Share	-1.42	0.70	0.85	0.71	0.98
Tangible Book Value	-849.39	422.03	512.83	425.34	586.98
Tangible Book Value Per Share	-1.42	0.70	0.85	0.71	0.98
Buildings	-	589.47	585.09	520.84	457.8
Machinery	-	1,133	963.61	819	685.4
Construction In Progress	-	803.89	434.86	214.64	239.23
Leasehold Improvements	-	-	-	40.47	33.11

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