HKG:9863 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	10,985	6,378	11,731	6,949	4,338
Short-Term Investments	3,877	1,794	965.27	80.82	-
Trading Asset Securities	10,172	11,473	2,770	929.8	1,260
Cash & Short-Term Investments	25,034	19,645	15,466	7,960	5,598
Cash Growth	27.43%	27.02%	94.31%	42.19%	3065.46%
Accounts Receivable	5,210	1,982	940.49	1,723	816.4
Other Receivables	-	8.82	5.63	7.17	0.83
Receivables	5,210	1,990	946.12	1,730	817.23
Inventory	4,548	2,066	1,825	1,786	849.23
Prepaid Expenses	-	50.18	24.58	20.66	8.42
Restricted Cash	3,148	1,254	2,800	1,822	1,376
Other Current Assets	1,720	1,448	1,408	320.1	305.86
Total Current Assets	39,662	26,453	22,470	13,638	8,955
Property, Plant & Equipment	12,073	6,274	4,601	4,028	2,383
Long-Term Investments	10,479	4,339	837.96	368.6	35.77
Other Intangible Assets	462.54	450.11	449.68	446.63	419.87
Other Long-Term Assets	142.45	130.51	95.24	786.08	732.59
Total Assets	62,818	37,647	28,453	19,268	12,526
Accounts Payable	33,099	18,903	9,858	5,987	2,596
Accrued Expenses	4,477	2,554	1,482	1,201	597.08
Short-Term Debt	-	1,000	850.5	300	-
Current Portion of Long-Term Debt	653.5	237.85	416.03	468.53	340.17
Current Portion of Leases	237.24	173.35	418.77	399.18	24.56
Current Income Taxes Payable	314.44	235.35	89.42	27.85	11.91
Current Unearned Revenue	90.61	161.42	22.56	31.23	3.73
Other Current Liabilities	3,958	1,709	816.36	843.03	755.97
Total Current Liabilities	42,829	24,975	13,954	9,257	4,330
Long-Term Debt	2,307	1,108	863.94	523.28	534.02
Long-Term Leases	1,248	186.95	197.37	518.93	16.36
Long-Term Unearned Revenue	1,163	633.67	572.1	531.48	360.93
Other Long-Term Liabilities	1,153	671.88	368.1	177.93	55.43
Total Liabilities	48,700	27,576	15,955	11,009	5,296
Common Stock	1,422	1,337	1,337	1,143	1,012
Additional Paid-In Capital	-	23,555	23,555	15,983	10,520
Retained Earnings	-16,179	-16,717	-13,897	-9,680	-4,571
Comprehensive Income & Other	28,875	1,896	1,502	813.18	269.81
Shareholders' Equity	14,118	10,071	12,498	8,259	7,230
Total Liabilities & Equity	62,818	37,647	28,453	19,268	12,526
Total Debt	4,446	2,707	2,747	2,210	915.11
Net Cash (Debt)	20,589	16,938	12,720	5,750	4,683
Net Cash Growth	21.55%	33.17%	121.22%	22.78%	-
Net Cash Per Share	14.70	12.67	10.92	5.50	4.98
Filing Date Shares Outstanding	1,422	1,337	1,337	1,143	1,012
Total Common Shares Outstanding	1,422	1,337	1,337	1,143	1,012
Working Capital	-3,168	1,478	8,516	4,381	4,625
Book Value Per Share	9.93	7.53	9.35	7.23	7.15
Tangible Book Value	13,655	9,621	12,049	7,812	6,810
Tangible Book Value Per Share	9.60	7.20	9.01	6.84	6.73
Buildings	-	856.22	630.38	538.16	527.24
Machinery	-	3,591	2,897	2,444	1,227
Construction In Progress	-	2,274	1,287	788.01	548.85
Leasehold Improvements	-	164.34	106.16	-	20.29

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.