HKG:8481 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	145.11	55.62	77.35	10.28	13.08
Trading Asset Securities	-	-	-	-	12.01
Cash & Short-Term Investments	145.11	55.62	77.35	10.28	25.09
Cash Growth	160.87%	-28.09%	652.34%	-59.02%	69.06%
Accounts Receivable	184.76	205.18	167.97	138.27	111.41
Other Receivables	1.54	0.9	0.96	-0.97	0.63
Receivables	186.3	206.08	168.93	137.3	112.05
Inventory	31.88	33.42	28.47	30.82	43.94
Prepaid Expenses	0.76	5.05	9.58	1.2	-
Other Current Assets	34.39	24.26	18.87	10.67	36.71
Total Current Assets	398.43	324.44	303.19	190.27	217.78
Property, Plant & Equipment	639.21	456.97	338.96	322.48	304.67
Other Intangible Assets	94.75	84	39.58	38.58	39.5
Long-Term Deferred Tax Assets	2.97	2.88	3.02	4.19	4.28
Long-Term Deferred Charges	0.92	1.72	2.98	5.09	6.45
Other Long-Term Assets	10.76	4.9	6.34	20.35	21.26
Total Assets	1,147	874.92	694.07	580.96	593.95
Accounts Payable	59.03	117.07	133.81	90.87	179.86
Accrued Expenses	35.32	43.19	31.85	22.84	-
Short-Term Debt	60	70	50	49.3	77
Current Portion of Long-Term Debt	3.3	5	3.2	12.66	69.13
Current Portion of Leases	0.11	0.11	0.11	0.1	0.31
Current Income Taxes Payable	4.39	6.44	4.2	0.49	-
Current Unearned Revenue	0.93	1.24	0.74	0.82	-
Other Current Liabilities	162.5	44.9	13.18	16.25	-
Total Current Liabilities	325.58	287.94	237.08	193.34	326.3
Long-Term Debt	487.43	305.8	197.9	154.61	43.98
Long-Term Leases	0.01	0.13	0.24	0.34	0.16
Long-Term Unearned Revenue	4.86	2.21	2.42	2.62	2.82
Other Long-Term Liabilities	-	-	0.9	2.89	5.3
Total Liabilities	817.89	596.09	438.53	353.8	378.56
Common Stock	4.17	4.17	4.25	4.25	4.25
Additional Paid-In Capital	107.69	107.69	111.66	111.66	111.66
Retained Earnings	288.75	212.91	165.39	137.04	124.98
Treasury Stock	-45.17	-20.36	-0.32	-	-
Comprehensive Income & Other	-26.29	-25.57	-25.45	-25.8	-25.5
Total Common Equity	329.16	278.83	255.54	227.16	215.39
Shareholders' Equity	329.16	278.83	255.54	227.16	215.39
Total Liabilities & Equity	1,147	874.92	694.07	580.96	593.95
Total Debt	550.85	381.04	251.44	217.02	190.58
Net Cash (Debt)	-405.75	-325.41	-174.09	-206.74	-165.49
Net Cash Per Share	-0.95	-0.68	-0.35	-0.41	-0.33
Filing Date Shares Outstanding	405.17	450	498.55	500	500
Total Common Shares Outstanding	405.17	450	498.55	500	500
Working Capital	72.85	36.5	66.11	-3.07	-108.52
Book Value Per Share	0.81	0.62	0.51	0.45	0.43
Tangible Book Value	234.41	194.83	215.95	188.58	175.89
Tangible Book Value Per Share	0.58	0.43	0.43	0.38	0.35
Buildings	158.38	226.58	226.47	208.48	193.08
Machinery	291.9	278.75	276.1	241.89	212.06
Construction In Progress	424.08	168.92	26.64	31.17	55.29

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