HKG:6922 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	35.03	45.46	103.4	226.42	157.87
Short-Term Investments	-	0.81	1.05	1.92	1.43
Cash & Short-Term Investments	35.03	46.26	104.46	228.34	159.3
Cash Growth	-24.27%	-55.71%	-54.25%	43.34%	379.37%
Receivables	-	0.06	0.13	0.08	0.25
Inventory	32.88	29.87	24.35	19.93	11.7
Restricted Cash	-	0	0.07	-	-
Other Current Assets	23.32	21.97	20.9	15.86	18.15
Total Current Assets	91.23	98.16	149.92	264.21	189.39
Property, Plant & Equipment	31.34	38.62	51.28	41.76	38.09
Other Intangible Assets	-	0	0.02	0.04	0.06
Other Long-Term Assets	14.89	12.47	11.61	7.85	4.15
Total Assets	137.46	149.25	212.82	313.86	231.69
Accounts Payable	2.49	2.41	1.15	1.87	0.38
Accrued Expenses	-	17.05	21.68	34.77	21.07
Short-Term Debt	-	30	-	-	-
Current Portion of Long-Term Debt	13.13	-	-	-	-
Current Portion of Leases	9.35	5.6	3.25	3.43	2.6
Current Income Taxes Payable	-	1.69	2.07	1.98	1.41
Current Unearned Revenue	0.39	1.17	0.99	3.26	2.64
Other Current Liabilities	34.88	1.9	1.64	0.42	0.2
Total Current Liabilities	60.24	59.82	30.78	45.73	28.29
Long-Term Leases	3.72	7.72	7.76	7.94	6.41
Long-Term Unearned Revenue	8.06	2.78	0.82	0.8	-
Other Long-Term Liabilities	16.91	-	-	-	-
Total Liabilities	88.92	70.32	39.36	54.47	34.7
Common Stock	239.11	239.11	239.11	239.11	228
Additional Paid-In Capital	-	299.77	299.77	299.77	150.64
Retained Earnings	-	-735.33	-630.96	-533.48	-421.25
Comprehensive Income & Other	-189.37	270.3	253.55	233.73	213.26
Total Common Equity	49.74	73.85	161.47	239.13	170.65
Minority Interest	-1.2	5.08	12	20.26	26.35
Shareholders' Equity	48.53	78.93	173.46	259.39	197
Total Liabilities & Equity	137.46	149.25	212.82	313.86	231.69
Total Debt	26.2	43.32	11.01	11.37	9
Net Cash (Debt)	8.83	2.94	93.44	216.97	150.3
Net Cash Growth	200.54%	-96.86%	-56.93%	44.36%	360.28%
Net Cash Per Share	0.04	0.01	0.39	0.95	0.66
Filing Date Shares Outstanding	238	239.11	239.11	239.11	228
Total Common Shares Outstanding	238	239.11	239.11	239.11	228
Working Capital	30.99	38.34	119.13	218.47	161.1
Book Value Per Share	0.21	0.31	0.68	1.00	0.75
Tangible Book Value	49.74	73.85	161.44	239.09	170.59
Tangible Book Value Per Share	0.21	0.31	0.68	1.00	0.75
Buildings	-	19.24	19.24	-	-
Machinery	-	22.84	18.42	34.29	29.54
Construction In Progress	-	0.49	10.15	0.8	3.27
Leasehold Improvements	-	23.75	15.58	13.8	9.56

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