HKG:3677 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	4,183	2,199	2,034	936.16	767.41
Short-Term Investments	103.72	102.35	0.81	6.06	5.55
Trading Asset Securities	108.98	-	-	1,163	-
Cash & Short-Term Investments	4,395	2,301	2,035	2,105	772.96
Cash Growth	90.98%	13.09%	-3.31%	172.30%	-
Accounts Receivable	2,045	1,721	1,154	328.44	321.55
Other Receivables	-	51.85	68.36	167.55	116.64
Receivables	2,045	1,773	1,222	495.99	438.19
Inventory	1,227	678.71	613.76	1,013	709.54
Prepaid Expenses	-	4.51	3.42	6.02	3.43
Restricted Cash	973.49	957.8	472.31	1,035	1,020
Other Current Assets	264.16	16.64	8.56	16.07	24.55
Total Current Assets	8,905	5,732	4,355	4,671	2,969
Property, Plant & Equipment	8,111	5,931	5,876	5,011	1,855
Long-Term Investments	3,511	3,467	3,351	64.54	-
Goodwill	1.28	1.28	1.28	1.28	-
Other Intangible Assets	354.17	423.08	491.49	549.06	592.25
Long-Term Deferred Tax Assets	186.62	-	-	-	-
Other Long-Term Assets	87.58	39.81	55.36	154.28	398.66
Total Assets	21,156	15,594	14,131	10,451	5,815
Accounts Payable	5,014	3,743	3,416	3,012	1,813
Accrued Expenses	228.22	118.78	155.66	121.62	58.27
Short-Term Debt	-	742.45	690.69	576.5	1,160
Current Portion of Long-Term Debt	1,858	503.37	3.45	2.63	-
Current Portion of Leases	31.22	30.4	27.02	34.05	36.67
Current Income Taxes Payable	-	0.27	-	23.51	-
Current Unearned Revenue	38.68	14.76	44.66	145.39	40.86
Other Current Liabilities	1,508	1,344	1,813	1,372	289.16
Total Current Liabilities	8,679	6,497	6,150	5,288	3,398
Long-Term Debt	3,835	2,769	2,841	2,310	-
Long-Term Leases	114.05	146.03	175.77	207.54	311.88
Long-Term Unearned Revenue	24.64	-	-	-	-
Long-Term Deferred Tax Liabilities	45.19	57.99	70.3	84.81	90.71
Other Long-Term Liabilities	366.02	227.74	145.98	87.82	33.93
Total Liabilities	13,064	9,697	9,384	7,978	3,834
Common Stock	2,554	2,387	2,256	1,882	1,552
Additional Paid-In Capital	-	6,190	5,321	2,875	789.16
Retained Earnings	-	-4,628	-4,719	-4,129	-2,409
Comprehensive Income & Other	5,537	1,948	1,889	1,845	2,048
Shareholders' Equity	8,092	5,897	4,747	2,473	1,981
Total Liabilities & Equity	21,156	15,594	14,131	10,451	5,815
Total Debt	5,839	4,191	3,738	3,131	1,508
Net Cash (Debt)	-1,444	-1,889	-1,703	-1,026	-735.26
Net Cash Per Share	-0.58	-0.82	-0.89	-0.60	-0.47
Filing Date Shares Outstanding	2,526	2,387	2,256	1,702	1,552
Total Common Shares Outstanding	2,526	2,387	2,256	1,702	1,552
Working Capital	226.02	-764.37	-1,795	-616.69	-428.9
Book Value Per Share	3.20	2.47	2.10	1.45	1.28
Tangible Book Value	7,736	5,473	4,254	1,922	1,388
Tangible Book Value Per Share	3.06	2.29	1.89	1.13	0.89
Buildings	-	1,738	1,687	465.92	276.86
Machinery	-	4,442	3,117	2,013	875.45
Construction In Progress	-	327.13	1,205	2,432	354.79
Leasehold Improvements	-	480.21	441.82	453.04	188.46

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