HKG:8500 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1	4.07	13.67	12.02	12.32	14.57
Short-Term Investments	-	-	-	-	-	2.73
Cash & Short-Term Investments	1	4.07	13.67	12.02	12.32	17.29
Cash Growth	-94.03%	-70.22%	13.71%	-2.43%	-28.77%	-66.61%
Accounts Receivable	17.11	2.32	11.19	105.01	145.87	154.5
Other Receivables	2.07	3.72	0.34	0.94	6.8	7.63
Receivables	19.18	6.04	11.53	105.95	152.67	162.13
Inventory	34.62	34.62	-	-	-	-
Prepaid Expenses	5.16	6.95	1.08	0.44	15.19	17.29
Other Current Assets	6.17	6.17	0.01	4.26	0.01	0.71
Total Current Assets	66.12	57.84	26.28	122.68	180.18	197.42
Property, Plant & Equipment	0.51	0.65	-	8.7	10.94	1.23
Long-Term Deferred Tax Assets	-	-	-	6.63	1.82	0.85
Other Long-Term Assets	-	-	-	0.97	1.11	-
Total Assets	66.63	58.49	26.28	138.97	194.06	199.5
Accounts Payable	5.16	4.18	11.92	18.71	48.57	70.75
Accrued Expenses	0.61	0.64	0.67	0.94	2.6	2.2
Short-Term Debt	1.5	4.5	5	20	-	-
Current Portion of Leases	-	-	0.97	4.71	3.52	0.67
Current Income Taxes Payable	2.71	2.8	2.89	2.71	7.83	7.44
Current Unearned Revenue	16.29	9.25	16.46	14.12	8.04	8.64
Other Current Liabilities	6.03	2.26	2.67	3.75	4.1	2.38
Total Current Liabilities	32.3	23.62	40.58	64.93	74.65	92.07
Long-Term Leases	-	-	-	3.68	7.15	-
Total Liabilities	32.3	23.62	40.58	68.61	81.8	92.07
Common Stock	3.91	3.91	1.6	1.6	1.6	1.6
Additional Paid-In Capital	154.87	154.87	91.87	91.87	91.87	91.87
Retained Earnings	-113.2	-113.63	-95.81	-11.17	30.69	25.82
Comprehensive Income & Other	-11.26	-10.29	-11.95	-11.94	-11.9	-11.86
Shareholders' Equity	34.33	34.87	-14.3	70.35	112.26	107.43
Total Liabilities & Equity	66.63	58.49	26.28	138.97	194.06	199.5
Total Debt	1.5	4.5	5.97	28.39	10.67	0.67
Net Cash (Debt)	-0.5	-0.43	7.69	-16.37	1.65	16.62
Net Cash Growth	-	-	-	-	-90.10%	-64.54%
Net Cash Per Share	-0.00	-0.00	0.04	-0.09	0.01	0.09
Filing Date Shares Outstanding	432	432	216	180	180	180
Total Common Shares Outstanding	432	432	180	180	180	180
Working Capital	33.82	34.22	-14.3	57.75	105.54	105.35
Book Value Per Share	0.08	0.08	-0.08	0.39	0.62	0.60
Tangible Book Value	34.33	34.87	-14.3	70.35	112.26	107.43
Tangible Book Value Per Share	0.08	0.08	-0.08	0.39	0.62	0.60
Machinery	-	2.94	3.32	3.25	3.1	2.57
Leasehold Improvements	-	-	-	1.28	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.