HKG:9978 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	44.04	64.77	88.13	117.68	90.34	138.48
Short-Term Investments	60.26	-	-	-	-	-
Trading Asset Securities	-	1.02	4.38	0.52	0.5	-
Cash & Short-Term Investments	104.3	65.78	92.52	118.2	90.84	138.48
Cash Growth	-18.94%	-28.90%	-21.73%	30.12%	-34.40%	40.36%
Accounts Receivable	121.83	122.3	207.1	287.34	248.9	58.44
Other Receivables	-	1.44	1.54	48.2	12.27	0.56
Receivables	121.83	123.74	208.65	335.54	261.18	59
Restricted Cash	1.3	1.79	2.64	1.15	-	-
Other Current Assets	-	53.87	63.64	22.35	21.66	13.73
Total Current Assets	227.43	245.18	367.45	477.24	373.68	211.21
Property, Plant & Equipment	10.61	12.24	14.22	9.74	17.3	8.71
Long-Term Investments	5.56	9.38	7.84	3.72	-	-
Goodwill	39.83	39.83	47.65	47.65	31.33	-
Other Intangible Assets	15.02	17.79	23.34	28.88	29.15	-
Long-Term Deferred Tax Assets	31.12	28.11	17.8	6.61	2.72	-
Other Long-Term Assets	18.68	14.22	-	-	-	-
Total Assets	348.24	366.74	478.29	573.84	454.17	219.91
Accounts Payable	75.69	76.91	73.56	81.7	61.66	22.23
Accrued Expenses	116.9	65.25	66.31	66.51	68.17	18.9
Short-Term Debt	-	-	19.37	35.73	-	-
Current Portion of Leases	0.3	0.3	0.32	0.06	1.29	2.89
Current Income Taxes Payable	11.21	11.69	12.51	14.01	12.34	20.09
Current Unearned Revenue	59.48	52.98	50.86	47.31	38.06	3.41
Other Current Liabilities	-	66.07	73.2	73.65	49.19	1.72
Total Current Liabilities	263.59	273.19	296.12	318.97	230.7	69.24
Long-Term Leases	0.56	0.7	0.88	0.15	2.7	4.23
Long-Term Deferred Tax Liabilities	6.46	7.13	8.36	9.88	10.09	4.39
Other Long-Term Liabilities	-	-	-	7.34	5.64	-
Total Liabilities	270.62	281.02	305.37	336.33	249.12	77.86
Common Stock	3.4	3.4	3.4	3.4	3.4	3.4
Additional Paid-In Capital	51.68	51.68	51.68	51.68	51.68	51.68
Retained Earnings	-27.57	-21.57	55.37	115.98	97.81	80.98
Comprehensive Income & Other	2.3	0.54	2.32	2.19	5.95	4.69
Total Common Equity	29.81	34.06	112.77	173.24	158.84	140.75
Minority Interest	47.81	51.67	60.16	64.27	46.21	1.31
Shareholders' Equity	77.62	85.72	172.93	237.51	205.05	142.06
Total Liabilities & Equity	348.24	366.74	478.29	573.84	454.17	219.91
Total Debt	0.87	0.99	20.57	35.94	3.99	7.11
Net Cash (Debt)	103.43	64.79	71.95	82.26	86.85	131.37
Net Cash Growth	-9.17%	-9.95%	-12.53%	-5.29%	-33.88%	54.91%
Net Cash Per Share	0.26	0.16	0.18	0.21	0.22	0.33
Filing Date Shares Outstanding	400	400	400	400	400	400
Total Common Shares Outstanding	400	400	400	400	400	400
Working Capital	-36.17	-28.02	71.33	158.28	142.98	141.97
Book Value Per Share	0.07	0.09	0.28	0.43	0.40	0.35
Tangible Book Value	-25.04	-23.57	41.78	96.72	98.36	140.75
Tangible Book Value Per Share	-0.06	-0.06	0.10	0.24	0.25	0.35
Land	-	-	-	-	2.89	0.62
Buildings	-	4.47	4.46	2.89	-	-
Machinery	-	14.42	12.96	8.9	12.24	4.09
Leasehold Improvements	-	5.2	5.37	4.22	4.28	2.06

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