HKG:9985 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	1,492	1,691	841.72	526.19	1,314	494.28
Short-Term Investments	3,651	4,022	1,552	1,599	1,031	777.57
Trading Asset Securities	150.28	250.1	-	122.82	382.44	802.1
Cash & Short-Term Investments	5,294	5,962	2,393	2,248	2,728	2,074
Cash Growth	25.85%	149.13%	6.48%	-17.61%	31.55%	94.72%
Accounts Receivable	68.15	90.45	52.84	51.62	66.43	56.12
Other Receivables	71.15	16.38	70.72	97.11	120.27	161.5
Receivables	139.3	107.03	123.76	148.92	186.9	218.02
Inventory	979.39	897.83	943.13	445.42	634.6	642.06
Prepaid Expenses	82.08	73.71	17.29	28.11	6.62	42.28
Restricted Cash	-	-	-	0.17	-	0.29
Other Current Assets	43.69	76.29	42.18	4.43	0.92	9.67
Total Current Assets	6,538	7,117	3,520	2,875	3,557	2,986
Property, Plant & Equipment	1,948	1,908	1,679	1,562	1,661	1,146
Long-Term Investments	2,050	2,216	2,879	2,570	1,604	954.34
Goodwill	4.27	4.27	4.27	-	-	-
Other Intangible Assets	21.29	20.93	17.22	19.98	21.45	9.74
Long-Term Deferred Tax Assets	44.74	45.21	22.22	22.68	68.83	42.19
Other Long-Term Assets	59.75	41.01	60.27	4.34	17.73	52.4
Total Assets	10,666	11,353	8,182	7,054	6,930	5,191

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Accounts Payable	246.74	269.7	212.61	164.73	187.25	197.89
Accrued Expenses	297.38	389.76	402.89	330.31	324.65	269.47
Short-Term Debt	-	2,025	210	-	-	-
Current Portion of Long-Term Debt	1,761	176.01	2.95	1.98	0.12	396.11
Current Portion of Leases	7.66	5.92	9.62	3.69	3.34	7.55
Current Income Taxes Payable	70.27	85.49	53.51	33.26	81.8	77.42
Current Unearned Revenue	296.28	505.97	597.31	206.34	225.26	180.58
Other Current Liabilities	226.45	277.78	211.12	167.71	177.83	126.5
Total Current Liabilities	2,906	3,736	1,700	908.02	1,000	1,256
Long-Term Debt	-	-	176.02	178.96	161.18	64
Long-Term Leases	9.28	16.06	19.83	8.93	1.97	7.17
Long-Term Unearned Revenue	159.09	160.76	154.32	158.41	196.03	160.32
Long-Term Deferred Tax Liabilities	91.55	129.79	125.81	93.36	46.5	33.66
Total Liabilities	3,165	4,042	2,176	1,348	1,406	1,521

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Common Stock	0.16	0.16	0.16	0.16	0.16	0.14
Additional Paid-In Capital	-	1,503	427.39	1,283	2,115	1,238
Retained Earnings	4,578	4,820	4,524	3,456	2,575	2,424
Comprehensive Income & Other	2,917	976.74	1,046	966.83	834.13	7.32
Total Common Equity	7,492	7,300	5,997	5,706	5,524	3,670
Minority Interest	9.34	10.94	9.08	-	-	-
Shareholders' Equity	7,501	7,311	6,006	5,706	5,524	3,670
Total Liabilities & Equity	10,666	11,353	8,182	7,054	6,930	5,191

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Total Debt	1,778	2,223	418.41	193.56	166.6	474.83
Net Cash (Debt)	3,516	3,739	1,975	2,054	2,562	1,599
Net Cash Growth	17.00%	89.35%	-3.85%	-19.81%	60.19%	144.41%
Net Cash Per Share	1.46	1.57	0.85	0.89	1.18	0.79
Filing Date Shares Outstanding	2,431	2,431	2,351	2,351	2,351	2,093
Total Common Shares Outstanding	2,431	2,431	2,351	2,351	2,351	2,093
Working Capital	3,633	3,382	1,820	1,967	2,557	1,731
Book Value Per Share	3.08	3.00	2.55	2.43	2.35	1.75
Tangible Book Value	7,466	7,274	5,976	5,686	5,503	3,660
Tangible Book Value Per Share	3.07	2.99	2.54	2.42	2.34	1.75
Buildings	-	761.39	643.5	648.76	609.9	423.14
Machinery	-	1,042	791.81	735.2	664.7	523.6
Construction In Progress	-	163.24	226.98	84.29	148.64	216.47