HKG:9978 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	69.18	64.77	88.13	117.68	90.34
Short-Term Investments	51.34	-	-	-	-
Trading Asset Securities	-	1.02	4.38	0.52	0.5
Cash & Short-Term Investments	120.51	65.78	92.52	118.2	90.84
Cash Growth	83.20%	-28.90%	-21.73%	30.12%	-34.40%
Accounts Receivable	101.42	122.3	207.1	287.34	248.9
Other Receivables	2.33	1.44	1.54	48.2	12.27
Receivables	103.75	123.74	208.65	335.54	261.18
Restricted Cash	1.39	1.79	2.64	1.15	-
Other Current Assets	-	53.87	63.64	22.35	21.66
Total Current Assets	225.65	245.18	367.45	477.24	373.68
Property, Plant & Equipment	10.11	12.24	14.22	9.74	17.3
Long-Term Investments	6.69	9.38	7.84	3.72	-
Goodwill	27.94	39.83	47.65	47.65	31.33
Other Intangible Assets	12.25	17.79	23.34	28.88	29.15
Long-Term Deferred Tax Assets	2.65	28.11	17.8	6.61	2.72
Other Long-Term Assets	14.67	14.22	-	-	-
Total Assets	299.95	366.74	478.29	573.84	454.17
Accounts Payable	75.2	76.91	73.56	81.7	61.66
Accrued Expenses	130.05	65.25	66.31	66.51	68.17
Short-Term Debt	-	-	19.37	35.73	-
Current Portion of Leases	0.29	0.3	0.32	0.06	1.29
Current Income Taxes Payable	2.68	11.69	12.51	14.01	12.34
Current Unearned Revenue	75.5	52.98	50.86	47.31	38.06
Other Current Liabilities	3.36	66.07	73.2	73.65	49.19
Total Current Liabilities	287.07	273.19	296.12	318.97	230.7
Long-Term Leases	0.44	0.7	0.88	0.15	2.7
Long-Term Deferred Tax Liabilities	6.05	7.13	8.36	9.88	10.09
Other Long-Term Liabilities	-	-	-	7.34	5.64
Total Liabilities	293.56	281.02	305.37	336.33	249.12
Common Stock	3.4	3.4	3.4	3.4	3.4
Additional Paid-In Capital	-	51.68	51.68	51.68	51.68
Retained Earnings	-	-21.57	55.37	115.98	97.81
Comprehensive Income & Other	-23.9	0.54	2.32	2.19	5.95
Total Common Equity	-20.49	34.06	112.77	173.24	158.84
Minority Interest	26.89	51.67	60.16	64.27	46.21
Shareholders' Equity	6.39	85.72	172.93	237.51	205.05
Total Liabilities & Equity	299.95	366.74	478.29	573.84	454.17
Total Debt	0.73	0.99	20.57	35.94	3.99
Net Cash (Debt)	119.78	64.79	71.95	82.26	86.85
Net Cash Growth	84.88%	-9.95%	-12.53%	-5.29%	-33.88%
Net Cash Per Share	0.30	0.16	0.18	0.21	0.22
Filing Date Shares Outstanding	400	400	400	400	400
Total Common Shares Outstanding	400	400	400	400	400
Working Capital	-61.43	-28.02	71.33	158.28	142.98
Book Value Per Share	-0.05	0.09	0.28	0.43	0.40
Tangible Book Value	-60.68	-23.57	41.78	96.72	98.36
Tangible Book Value Per Share	-0.15	-0.06	0.10	0.24	0.25
Land	-	-	-	-	2.89
Buildings	-	4.47	4.46	2.89	-
Machinery	-	14.42	12.96	8.9	12.24
Leasehold Improvements	-	5.2	5.37	4.22	4.28

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