HKG:9985 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	1,691	841.72	526.19	1,314	494.28
Short-Term Investments	4,017	1,552	1,599	1,031	777.57
Trading Asset Securities	250.1	-	122.82	382.44	802.1
Cash & Short-Term Investments	5,957	2,393	2,248	2,728	2,074
Cash Growth	148.92%	6.48%	-17.61%	31.55%	94.72%
Accounts Receivable	270.81	52.84	51.62	66.43	56.12
Other Receivables	-	70.72	97.11	120.27	161.5
Receivables	270.81	123.76	148.92	186.9	218.02
Inventory	889.1	943.13	445.42	634.6	642.06
Prepaid Expenses	-	17.29	28.11	6.62	42.28
Restricted Cash	-	-	0.17	-	0.29
Other Current Assets	-	42.18	4.43	0.92	9.67
Total Current Assets	7,117	3,520	2,875	3,557	2,986
Property, Plant & Equipment	1,908	1,679	1,562	1,661	1,146
Long-Term Investments	2,216	2,879	2,570	1,604	954.34
Goodwill	4.27	4.27	-	-	-
Other Intangible Assets	20.93	17.22	19.98	21.45	9.74
Long-Term Deferred Tax Assets	45.21	22.22	22.68	68.83	42.19
Other Long-Term Assets	41.01	60.27	4.34	17.73	52.4
Total Assets	11,353	8,182	7,054	6,930	5,191
Accounts Payable	937.24	212.61	164.73	187.25	197.89
Accrued Expenses	-	402.89	330.31	324.65	269.47
Short-Term Debt	2,201	210	-	-	-
Current Portion of Long-Term Debt	-	2.95	1.98	0.12	396.11
Current Portion of Leases	5.92	9.62	3.69	3.34	7.55
Current Income Taxes Payable	85.49	53.51	33.26	81.8	77.42
Current Unearned Revenue	505.97	597.31	206.34	225.26	180.58
Other Current Liabilities	-	211.12	167.71	177.83	126.5
Total Current Liabilities	3,736	1,700	908.02	1,000	1,256
Long-Term Debt	-	176.02	178.96	161.18	64
Long-Term Leases	16.06	19.83	8.93	1.97	7.17
Long-Term Unearned Revenue	160.76	154.32	158.41	196.03	160.32
Long-Term Deferred Tax Liabilities	129.79	125.81	93.36	46.5	33.66
Total Liabilities	4,042	2,176	1,348	1,406	1,521
Common Stock	0.16	0.16	0.16	0.16	0.14
Additional Paid-In Capital	-	427.39	1,283	2,115	1,238
Retained Earnings	4,225	4,524	3,456	2,575	2,424
Comprehensive Income & Other	3,075	1,046	966.83	834.13	7.32
Total Common Equity	7,300	5,997	5,706	5,524	3,670
Minority Interest	10.94	9.08	-	-	-
Shareholders' Equity	7,311	6,006	5,706	5,524	3,670
Total Liabilities & Equity	11,353	8,182	7,054	6,930	5,191
Total Debt	2,223	418.41	193.56	166.6	474.83
Net Cash (Debt)	3,734	1,975	2,054	2,562	1,599
Net Cash Growth	89.09%	-3.85%	-19.81%	60.19%	144.41%
Net Cash Per Share	1.57	0.85	0.89	1.18	0.79
Filing Date Shares Outstanding	2,412	2,351	2,351	2,351	2,093
Total Common Shares Outstanding	2,412	2,351	2,351	2,351	2,093
Working Capital	3,382	1,820	1,967	2,557	1,731
Book Value Per Share	3.03	2.55	2.43	2.35	1.75
Tangible Book Value	7,274	5,976	5,686	5,503	3,660
Tangible Book Value Per Share	3.02	2.54	2.42	2.34	1.75
Buildings	-	643.5	648.76	609.9	423.14
Machinery	-	791.81	735.2	664.7	523.6
Construction In Progress	-	226.98	84.29	148.64	216.47

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