HKG:6651 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	796.91	134.46	40.33	78.91
Short-Term Investments	-	80.18	90.91	3.59
Cash & Short-Term Investments	796.91	214.65	131.24	82.5
Cash Growth	271.27%	63.55%	59.08%	-
Accounts Receivable	271.25	197.58	110.18	75.44
Other Receivables	-	6.24	2.79	3.95
Receivables	271.25	203.82	112.96	79.38
Inventory	23.77	22.82	19.63	78.95
Restricted Cash	8.4	23.27	3.1	9.7
Other Current Assets	87.56	60.06	2.56	3.08
Total Current Assets	1,188	524.61	269.49	253.62
Property, Plant & Equipment	9.93	23.27	38.94	58.41
Long-Term Investments	1.47	41.87	63.64	190.56
Other Intangible Assets	2.59	1.78	2.62	1.76
Other Long-Term Assets	119.83	42.68	-	-
Total Assets	1,322	634.22	374.69	504.34
Accounts Payable	264	77.12	33.44	52.89
Accrued Expenses	-	67.99	56.86	72.81
Short-Term Debt	286.33	149.04	118.66	92.94
Current Portion of Leases	9.14	12.6	12.27	14.91
Current Income Taxes Payable	1.53	1.51	0.05	-
Current Unearned Revenue	29.2	25.54	26.49	111.35
Other Current Liabilities	-	37	2.99	1,059
Total Current Liabilities	590.2	370.8	250.76	1,404
Long-Term Leases	-	8.51	20.85	36.29
Total Liabilities	590.2	379.31	271.61	1,440
Common Stock	406.36	382.38	365	365
Retained Earnings	-	-875.32	-796.19	-710.6
Comprehensive Income & Other	318.17	736.83	529.92	-590.08
Total Common Equity	724.53	243.89	98.73	-935.68
Minority Interest	6.99	11.02	4.35	0.06
Shareholders' Equity	731.52	254.91	103.08	-935.63
Total Liabilities & Equity	1,322	634.22	374.69	504.34
Total Debt	295.47	170.15	151.77	144.14
Net Cash (Debt)	501.44	44.5	-20.54	-61.64
Net Cash Growth	1026.96%	-	-	-
Net Cash Per Share	1.32	0.12	-0.06	-0.40
Filing Date Shares Outstanding	375.31	382.38	318.97	152.26
Total Common Shares Outstanding	375.31	382.38	318.97	152.26
Working Capital	597.69	153.82	18.73	-1,150
Book Value Per Share	1.93	0.64	0.31	-6.15
Tangible Book Value	721.94	242.11	96.12	-937.44
Tangible Book Value Per Share	1.92	0.63	0.30	-6.16
Machinery	-	10.84	10.08	10.04
Leasehold Improvements	-	7.14	7.98	6.89

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