HKG:6871 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cash & Equivalents	51.12	22.9	19.09
Short-Term Investments	3.88	3.83	3.55
Trading Asset Securities	1.4	4	8
Cash & Short-Term Investments	56.39	30.72	30.64
Cash Growth	83.57%	0.26%	-
Accounts Receivable	191.63	153.18	62.32
Other Receivables	0.65	0.66	1.15
Receivables	192.28	153.83	63.47
Inventory	244.69	139.49	120.58
Restricted Cash	3.5	4.19	11.05
Other Current Assets	27.92	13.67	17.28
Total Current Assets	524.78	341.9	243.01
Property, Plant & Equipment	81.81	34.75	48.8
Long-Term Investments	11.02	11.87	12.19
Other Intangible Assets	6.97	6.99	7.48
Long-Term Accounts Receivable	5.42	2.34	2.78
Other Long-Term Assets	0.55	-	-
Total Assets	630.55	397.86	314.26
Accounts Payable	190.61	131.68	56.29
Accrued Expenses	9.81	8.89	9.22
Short-Term Debt	80.06	134.12	45.05
Current Portion of Long-Term Debt	4.17	0.56	0.57
Current Portion of Leases	14.48	10.82	10.02
Current Income Taxes Payable	6.23	5.22	7.21
Current Unearned Revenue	27.26	35.21	54.89
Other Current Liabilities	19.84	15.35	11.96
Total Current Liabilities	352.44	341.85	195.21
Long-Term Debt	75.5	0.12	0.29
Long-Term Leases	23.25	9.36	20.13
Long-Term Unearned Revenue	1.9	-	-
Other Long-Term Liabilities	0.22	0.45	0.23
Total Liabilities	453.31	351.77	215.85
Common Stock	55.09	50	50
Retained Earnings	-355.23	-202.29	-130.79
Comprehensive Income & Other	477.38	198.37	179.2
Shareholders' Equity	177.24	46.09	98.41
Total Liabilities & Equity	630.55	397.86	314.26
Total Debt	197.45	154.97	76.05
Net Cash (Debt)	-141.06	-124.25	-45.41
Net Cash Per Share	-0.66	-0.62	-0.23
Filing Date Shares Outstanding	220.35	200	200
Total Common Shares Outstanding	220.35	200	200
Working Capital	172.34	0.05	47.81
Book Value Per Share	0.80	0.23	0.49
Tangible Book Value	170.27	39.09	90.94
Tangible Book Value Per Share	0.77	0.20	0.45
Machinery	25.17	19.8	17.27
Construction In Progress	2.92	-	-
Leasehold Improvements	43.68	17.58	16.76
Order Backlog	157.54	234.61	411.78

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