HKG:3978 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	472.98	512.01	281.93	195.08	211.18	693.73
Short-Term Investments	340.96	119.75	52.37	43.34	180.26	30.18
Trading Asset Securities	149.91	108.88	61.59	99.8	294.98	767.12
Cash & Short-Term Investments	963.86	740.64	395.88	338.22	686.42	1,491
Cash Growth	62.68%	87.09%	17.05%	-50.73%	-53.96%	38.52%
Other Receivables	53.03	49.07	34.86	21.49	14.75	33.69
Receivables	57.13	58.26	44.5	33.9	40.7	46.91
Prepaid Expenses	40.39	21.81	21.05	12.07	7.93	13.22
Restricted Cash	-	-	-	-	-	2.63
Other Current Assets	108.96	60.01	50.68	30.38	36.92	57.84
Total Current Assets	1,170	880.71	512.11	414.56	771.96	1,612
Property, Plant & Equipment	412.93	344.4	231.73	252.1	244.02	1,044
Long-Term Investments	341.66	513.45	208.87	114.35	233.39	473.13
Other Intangible Assets	29.27	18.17	20.12	24.03	29.33	25.57
Long-Term Deferred Tax Assets	53.52	46.1	45.8	46.46	35.08	17.69
Long-Term Deferred Charges	-	4.24	4.17	4.32	4.32	7.85
Other Long-Term Assets	30.34	30.34	23.58	13.86	0.55	4.47
Total Assets	2,038	1,837	1,046	869.68	1,319	3,184
Accounts Payable	-	0.2	0.47	0.71	0.26	0.2
Accrued Expenses	141.34	138.72	48.98	44.9	101.74	194.35
Short-Term Debt	-	-	-	-	333.22	200
Current Portion of Long-Term Debt	-	-	-	-	-	4
Current Portion of Leases	101.06	75.16	51.42	54.6	87.16	211.55
Current Income Taxes Payable	68.05	69.77	41.1	18.88	33.87	22.7
Current Unearned Revenue	587.02	602.02	211.78	151.2	191.73	797.08
Other Current Liabilities	96.3	82.88	57.2	48.58	69.84	96.98
Total Current Liabilities	993.77	968.75	410.95	318.87	817.83	1,527
Long-Term Debt	-	-	-	-	-	145
Long-Term Leases	240.06	210.13	138.99	144.93	150.22	716.32
Long-Term Deferred Tax Liabilities	18.5	4.81	-	-	-	-
Total Liabilities	1,252	1,184	549.94	463.79	968.05	2,388
Common Stock	0.3	0.3	0.3	0.3	0.3	0.3
Additional Paid-In Capital	184.31	184.31	208.71	208.71	208.71	248.38
Retained Earnings	513.51	449.62	256.82	165.47	108.63	428.05
Comprehensive Income & Other	80.24	19.48	32.17	33.38	33.21	121.61
Total Common Equity	778.36	653.71	498.01	407.86	350.85	798.34
Minority Interest	7.37	-	-1.57	-1.97	-0.25	-2.47
Shareholders' Equity	785.73	653.71	496.44	405.89	350.6	795.87
Total Liabilities & Equity	2,038	1,837	1,046	869.68	1,319	3,184
Total Debt	341.12	285.3	190.42	199.53	570.6	1,277
Net Cash (Debt)	622.74	455.34	205.47	138.69	115.81	214.17
Net Cash Growth	95.57%	121.61%	48.15%	19.75%	-45.92%	83.00%
Net Cash Per Share	0.82	0.60	0.27	0.18	0.15	0.26
Filing Date Shares Outstanding	739.81	748.68	753.03	752.54	752.17	777.5
Total Common Shares Outstanding	739.81	748.68	753.03	752.54	752.17	777.5
Working Capital	176.57	-88.04	101.16	95.7	-45.86	84.77
Book Value Per Share	1.05	0.87	0.66	0.54	0.47	1.03
Tangible Book Value	749.1	635.54	477.89	383.83	321.52	772.77
Tangible Book Value Per Share	1.01	0.85	0.63	0.51	0.43	0.99
Machinery	-	39.29	37.82	38.85	37.82	82.99
Leasehold Improvements	-	118.34	98.3	99.51	76.22	305.89

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.