HKG:8623 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	0.25	1.78	1.41	0.7	6.67
Short-Term Investments	0.03	11.69	0.06	0.17	0.1
Cash & Short-Term Investments	0.27	13.46	1.47	0.87	6.77
Cash Growth	-97.97%	817.03%	68.16%	-87.10%	-44.02%
Accounts Receivable	1.37	114.52	143.03	119.35	214.6
Other Receivables	13.43	12.68	23.28	30.09	21.24
Receivables	14.8	127.2	197.34	183.94	270.34
Inventory	8.35	10.09	5.25	18.22	20.41
Other Current Assets	35.07	10.21	15.42	26.06	13.24
Total Current Assets	58.49	160.96	219.48	229.09	310.76
Property, Plant & Equipment	69.34	108.63	99.73	144.47	146.01
Long-Term Investments	0.06	-	-	-	-
Goodwill	-	-	-	0.6	0.6
Other Intangible Assets	0.01	0.5	0.46	0.44	0.28
Long-Term Deferred Tax Assets	0.33	2.06	9.92	10.85	4.44
Other Long-Term Assets	1.16	0.65	29.26	7.16	7.72
Total Assets	129.38	272.8	358.85	392.61	469.81
Accounts Payable	79.82	97.29	95.64	53.9	65.55
Accrued Expenses	66.12	22.55	17.3	13.11	21.82
Short-Term Debt	16.84	5.72	38.62	47.32	173.57
Current Portion of Long-Term Debt	30.07	49.26	58.52	79.35	-
Current Portion of Leases	1.22	2.53	2.37	1.97	4.38
Current Income Taxes Payable	-	11.55	8.37	18.8	0.04
Current Unearned Revenue	5.08	1	3.18	17.95	23.43
Other Current Liabilities	16.62	34.84	39.69	19.29	14.56
Total Current Liabilities	215.76	224.72	263.69	251.7	303.35
Long-Term Debt	11.01	22.82	9.58	2.7	-
Long-Term Leases	-	5.62	8.15	0.09	2.43
Long-Term Unearned Revenue	0.25	0.61	0.98	1.35	1.72
Long-Term Deferred Tax Liabilities	0.73	2.75	4.07	1.25	1.23
Other Long-Term Liabilities	1.78	3.81	1.85	-	-
Total Liabilities	229.52	260.33	288.31	257.1	308.72
Common Stock	18.33	9.91	8.22	8.22	8.22
Additional Paid-In Capital	-	38.39	37.11	37.11	37.11
Retained Earnings	-	-121.67	-62.83	-2.79	18.73
Comprehensive Income & Other	-116.96	73.23	66.1	69.27	69.22
Total Common Equity	-98.64	-0.13	48.6	111.81	133.29
Minority Interest	-1.51	12.6	21.94	23.7	27.8
Shareholders' Equity	-100.14	12.47	70.54	135.52	161.09
Total Liabilities & Equity	129.38	272.8	358.85	392.61	469.81
Total Debt	59.14	85.94	117.23	131.44	180.38
Net Cash (Debt)	-58.87	-72.48	-115.76	-130.56	-173.61
Net Cash Per Share	-0.41	-0.73	-1.26	-1.42	-2.01
Filing Date Shares Outstanding	165.95	110.4	92	92	92
Total Common Shares Outstanding	165.95	110.4	92	92	92
Working Capital	-157.27	-63.77	-44.21	-22.61	7.42
Book Value Per Share	-0.59	-0.00	0.53	1.22	1.45
Tangible Book Value	-98.64	-0.63	48.14	110.77	132.41
Tangible Book Value Per Share	-0.59	-0.01	0.52	1.20	1.44
Buildings	-	91.39	91.39	91.54	91.41
Machinery	-	61.67	42.85	94.73	82.62
Construction In Progress	-	0.02	1.34	5.09	6.91

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