HKG:3978 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	823.84	512.01	281.93	195.08	211.18
Short-Term Investments	194.61	119.75	52.37	43.34	180.26
Trading Asset Securities	205.32	108.88	61.59	99.8	294.98
Cash & Short-Term Investments	1,224	740.64	395.88	338.22	686.42
Cash Growth	65.23%	87.09%	17.05%	-50.73%	-53.96%
Other Receivables	0.16	49.07	34.86	21.49	14.75
Receivables	0.16	58.26	44.5	33.9	40.7
Prepaid Expenses	-	21.81	21.05	12.07	7.93
Other Current Assets	198.75	60.01	50.68	30.38	36.92
Total Current Assets	1,423	880.71	512.11	414.56	771.96
Property, Plant & Equipment	403.13	344.4	231.73	252.1	244.02
Long-Term Investments	322.7	513.45	208.87	114.35	233.39
Other Intangible Assets	75.27	18.17	20.12	24.03	29.33
Long-Term Deferred Tax Assets	39.13	46.1	45.8	46.46	35.08
Long-Term Deferred Charges	-	4.24	4.17	4.32	4.32
Other Long-Term Assets	21.22	30.34	23.58	13.86	0.55
Total Assets	2,284	1,837	1,046	869.68	1,319
Accounts Payable	-	0.2	0.47	0.71	0.26
Accrued Expenses	-	138.72	48.98	44.9	101.74
Short-Term Debt	-	-	-	-	333.22
Current Portion of Leases	97.71	75.16	51.42	54.6	87.16
Current Income Taxes Payable	88.48	69.77	41.1	18.88	33.87
Current Unearned Revenue	675.88	602.02	211.78	151.2	191.73
Other Current Liabilities	334.34	82.88	57.2	48.58	69.84
Total Current Liabilities	1,196	968.75	410.95	318.87	817.83
Long-Term Leases	238.37	210.13	138.99	144.93	150.22
Long-Term Deferred Tax Liabilities	7	4.81	-	-	-
Total Liabilities	1,442	1,184	549.94	463.79	968.05
Common Stock	0.3	0.3	0.3	0.3	0.3
Additional Paid-In Capital	-	184.31	208.71	208.71	208.71
Retained Earnings	-	449.62	256.82	165.47	108.63
Comprehensive Income & Other	833.86	19.48	32.17	33.38	33.21
Total Common Equity	834.16	653.71	498.01	407.86	350.85
Minority Interest	8.19	-	-1.57	-1.97	-0.25
Shareholders' Equity	842.35	653.71	496.44	405.89	350.6
Total Liabilities & Equity	2,284	1,837	1,046	869.68	1,319
Total Debt	336.08	285.3	190.42	199.53	570.6
Net Cash (Debt)	887.68	455.34	205.47	138.69	115.81
Net Cash Growth	94.95%	121.61%	48.15%	19.75%	-45.92%
Net Cash Per Share	1.14	0.60	0.27	0.18	0.15
Filing Date Shares Outstanding	764.9	748.68	753.03	752.54	752.17
Total Common Shares Outstanding	764.9	748.68	753.03	752.54	752.17
Working Capital	226.26	-88.04	101.16	95.7	-45.86
Book Value Per Share	1.09	0.87	0.66	0.54	0.47
Tangible Book Value	758.89	635.54	477.89	383.83	321.52
Tangible Book Value Per Share	0.99	0.85	0.63	0.51	0.43
Machinery	-	39.29	37.82	38.85	37.82
Leasehold Improvements	-	118.34	98.3	99.51	76.22

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.