HKG:2788 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	5,091	176.4	584.13	158.91
Short-Term Investments	-	56.27	36.91	23.02
Trading Asset Securities	-	-	-	30.04
Cash & Short-Term Investments	5,091	232.68	621.03	211.97
Cash Growth	2088.06%	-62.53%	192.98%	-
Accounts Receivable	171.64	524.84	158.81	69.33
Other Receivables	301.59	99.4	3,792	4,379
Receivables	473.23	624.24	3,951	4,448
Inventory	2,436	1,578	1,255	1,761
Prepaid Expenses	12.29	18.31	10.18	3.66
Other Current Assets	2,519	1,331	1,404	2,993
Total Current Assets	10,532	3,784	7,241	9,418
Property, Plant & Equipment	13,117	10,081	8,919	8,657
Long-Term Investments	685.5	-	-	-
Other Intangible Assets	3,146	3,218	3,289	3,360
Long-Term Deferred Tax Assets	-	83.13	5.61	7.1
Other Long-Term Assets	868.47	1,154	98.87	47.69
Total Assets	28,349	18,320	19,554	21,490
Accounts Payable	3,399	1,429	3,476	5,436
Accrued Expenses	240.39	287.96	247.83	255.68
Short-Term Debt	-	193.28	481.23	480.28
Current Portion of Long-Term Debt	9,429	4,942	4,251	8,342
Current Portion of Leases	41.34	10.7	346.55	280.63
Current Income Taxes Payable	167.2	458.91	159.49	-
Current Unearned Revenue	262.38	381.6	9.66	28.9
Other Current Liabilities	1,319	1,035	910.12	881.81
Total Current Liabilities	14,857	8,738	9,881	15,705
Long-Term Debt	2,976	6,007	5,031	2,488
Long-Term Leases	143.94	417.92	459.84	673.97
Long-Term Unearned Revenue	105.47	81.17	14.26	16.94
Long-Term Deferred Tax Liabilities	93.44	-	17.28	20.47
Other Long-Term Liabilities	-	749.56	700.98	655.99
Total Liabilities	18,176	15,994	16,105	19,560
Common Stock	0.07	-	2,071	2,018
Additional Paid-In Capital	5,637	-	-	-
Retained Earnings	5,270	2,539	675.64	-327.94
Comprehensive Income & Other	-1,284	-1,284	204.17	-
Total Common Equity	9,623	1,255	2,950	1,690
Minority Interest	550.2	1,072	498.51	239.26
Shareholders' Equity	10,173	2,326	3,449	1,929
Total Liabilities & Equity	28,349	18,320	19,554	21,490
Total Debt	12,589	11,570	10,569	12,265
Net Cash (Debt)	-7,498	-11,337	-9,948	-12,053
Net Cash Per Share	-4.82	-7.56	-6.63	-8.04
Filing Date Shares Outstanding	2,075	-	1,500	1,500
Total Common Shares Outstanding	2,075	-	1,500	1,500
Working Capital	-4,325	-4,954	-2,640	-6,287
Book Value Per Share	4.64	-	1.97	1.13
Tangible Book Value	6,477	-1,963	-338.17	-1,670
Tangible Book Value Per Share	3.12	-	-0.23	-1.11
Buildings	4,555	3,927	3,344	3,076
Machinery	10,568	7,376	5,187	4,695
Construction In Progress	550.26	727.21	174.63	140.11

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