HKG:6885 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	249.55	509.56	917.87	913.99	576.95
Short-Term Investments	215.15	215.84	-	-	-
Trading Asset Securities	-	-	-	-	18
Cash & Short-Term Investments	464.7	725.4	917.87	913.99	594.95
Cash Growth	-35.94%	-20.97%	0.42%	53.63%	-57.95%
Accounts Receivable	394.81	521.98	1,338	1,353	954.06
Other Receivables	4.33	8.3	16.99	21.32	1.54
Receivables	399.14	540.28	1,365	1,375	955.6
Inventory	280.81	525.94	818.96	603.72	467.69
Prepaid Expenses	38.77	78.48	88.97	303.2	333.07
Restricted Cash	136.78	666.36	472.69	587.74	703.12
Other Current Assets	132.2	98.27	222.14	323.64	284.84
Total Current Assets	1,452	2,635	3,886	4,107	3,339
Property, Plant & Equipment	6,990	7,826	7,905	6,325	4,688
Long-Term Investments	161.66	164.81	165.87	183.05	59.5
Goodwill	10.67	10.67	10.67	10.67	10.67
Other Intangible Assets	345.09	403.24	424.12	449.46	185.19
Long-Term Deferred Tax Assets	111.73	173.99	140.74	85.12	59.34
Other Long-Term Assets	-	1.91	3.32	70.85	183.81
Total Assets	9,072	11,216	12,535	11,231	8,525
Accounts Payable	673.18	1,189	1,619	1,790	1,274
Accrued Expenses	93.86	106.48	58.77	95.82	72.07
Short-Term Debt	152.31	90	50	80	-
Current Portion of Long-Term Debt	2,170	2,578	2,388	1,308	972.43
Current Portion of Leases	153.14	158.55	97.6	1.86	1.88
Current Income Taxes Payable	7.7	8.42	12.72	19	32.74
Current Unearned Revenue	100.22	53.69	117.23	283.14	101.4
Other Current Liabilities	1,477	1,466	1,444	956.15	872.13
Total Current Liabilities	4,828	5,650	5,788	4,533	3,326
Long-Term Debt	415.8	696.25	1,521	1,851	828.43
Long-Term Leases	129.14	223.54	97.64	2.69	3.13
Long-Term Unearned Revenue	51.59	25.04	18.44	20.64	22.85
Long-Term Deferred Tax Liabilities	7.34	27.97	71.94	96.96	40.32
Other Long-Term Liabilities	58	255.47	198.17	-	-
Total Liabilities	5,489	6,878	7,695	6,505	4,221
Common Stock	535.42	535.42	535.42	535.42	535.42
Retained Earnings	1,406	1,943	2,293	2,570	2,280
Comprehensive Income & Other	650.03	639.78	631.7	408.6	409.53
Total Common Equity	2,591	3,118	3,460	3,514	3,225
Minority Interest	991.01	1,219	1,380	1,212	1,079
Shareholders' Equity	3,582	4,337	4,840	4,726	4,304
Total Liabilities & Equity	9,072	11,216	12,535	11,231	8,525
Total Debt	3,020	3,746	4,155	3,243	1,806
Net Cash (Debt)	-2,555	-3,021	-3,237	-2,329	-1,211
Net Cash Per Share	-4.77	-5.64	-6.05	-4.35	-2.26
Filing Date Shares Outstanding	535.42	535.42	535.42	535.42	535.42
Total Common Shares Outstanding	535.42	535.42	535.42	535.42	535.42
Working Capital	-3,375	-3,015	-1,902	-426.31	12.95
Book Value Per Share	4.84	5.82	6.46	6.56	6.02
Tangible Book Value	2,236	2,704	3,026	3,054	3,030
Tangible Book Value Per Share	4.18	5.05	5.65	5.70	5.66
Buildings	2,592	2,573	2,463	1,692	1,088
Machinery	5,351	5,239	4,704	3,638	2,671
Construction In Progress	1,478	1,525	1,818	1,828	1,495

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