HKG:2408 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	50.03	42.19	26.76	36.52
Short-Term Investments	26.47	19.9	13.67	4.1
Trading Asset Securities	25.02	70.26	25.06	7.01
Cash & Short-Term Investments	101.52	132.35	65.49	47.63
Cash Growth	113.15%	102.09%	37.51%	-
Accounts Receivable	23.81	18.79	16.05	7.49
Other Receivables	39.21	33.5	20.64	13.87
Receivables	63.03	52.29	36.69	21.35
Inventory	22.21	22.67	27.1	16.64
Restricted Cash	44.44	31.32	21.14	12.11
Other Current Assets	13.69	9.01	6.11	4.8
Total Current Assets	244.88	247.64	156.52	102.53
Property, Plant & Equipment	880.59	831.25	612.14	440.77
Long-Term Investments	0.05	0.05	0.05	-
Other Intangible Assets	3.94	4.15	3.42	3.33
Long-Term Deferred Tax Assets	27.87	27.17	23.25	24.65
Other Long-Term Assets	51.58	50.88	47.12	42.13
Total Assets	1,209	1,161	842.5	613.4
Accounts Payable	56.87	49.83	47.65	24.2
Accrued Expenses	26.15	24.19	20.1	8.33
Short-Term Debt	-	50	-	9.98
Current Portion of Leases	214.31	194.42	141.32	108.55
Current Income Taxes Payable	9.26	7.46	3.61	0.01
Current Unearned Revenue	110.94	82.63	60.14	36.65
Other Current Liabilities	82.31	81.33	70.46	63.38
Total Current Liabilities	499.84	489.86	343.28	251.09
Long-Term Leases	547.92	540.2	435.23	330.16
Long-Term Unearned Revenue	4.55	4.56	3.56	1.88
Other Long-Term Liabilities	9.51	8.74	6.63	4.31
Total Liabilities	1,062	1,043	788.7	587.43
Common Stock	12.27	12.27	12.27	12.27
Additional Paid-In Capital	110.87	110.85	109.43	-
Retained Earnings	64.75	37.64	-23.06	-74.16
Comprehensive Income & Other	-40.79	-42.98	-44.85	87.87
Shareholders' Equity	147.09	117.78	53.79	25.97
Total Liabilities & Equity	1,209	1,161	842.5	613.4
Total Debt	762.22	784.62	576.55	448.69
Net Cash (Debt)	-660.71	-652.27	-511.06	-401.06
Net Cash Per Share	-1.13	-1.11	-0.88	-0.69
Filing Date Shares Outstanding	613.32	613.32	575.09	573.38
Total Common Shares Outstanding	613.32	613.32	575.09	573.38
Working Capital	-254.96	-242.23	-186.76	-148.57
Book Value Per Share	0.24	0.19	0.09	0.05
Tangible Book Value	143.15	113.63	50.38	22.64
Tangible Book Value Per Share	0.23	0.19	0.09	0.04
Machinery	51.08	43.59	25.37	16.37
Construction In Progress	3.76	4.77	5.01	3.23
Leasehold Improvements	237.26	193.66	119.18	83.41

Source: S&P Capital IQ. Standard template. Financial Sources.