HKG:2502 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	158.91	136.77	300.71	92.47	50.08	54.44
Short-Term Investments	216.65	215.84	-	-	-	-
Cash & Short-Term Investments	375.55	352.62	300.71	92.47	50.08	54.44
Cash Growth	-3.26%	17.26%	225.20%	84.65%	-8.01%	-
Accounts Receivable	72.86	65.66	100.86	131.07	132.34	129.89
Other Receivables	0.46	4.88	9.7	0.84	0.13	0.5
Receivables	73.32	70.54	110.56	161.91	132.47	130.39
Inventory	81.17	144.99	117.48	65.7	67.44	48.77
Prepaid Expenses	5.94	10.25	11.86	10.74	34.11	34.74
Restricted Cash	-	-	-	15.21	23.08	24.09
Other Current Assets	15.61	12.29	11.15	6.44	9.43	3.02
Total Current Assets	551.59	590.69	551.77	352.46	316.61	295.45
Property, Plant & Equipment	918.31	952.22	983.1	670.83	591.52	587.34
Long-Term Investments	76.25	81.5	90.91	-	-	-
Goodwill	10.67	10.67	10.67	10.67	10.67	8.9
Other Intangible Assets	20.88	21.61	23.06	28.96	45.25	54.91
Long-Term Deferred Tax Assets	27.54	19.73	3.89	4.8	6.41	6.06
Other Long-Term Assets	-	-	-	7.72	3.24	19.64
Total Assets	1,605	1,676	1,663	1,075	973.7	972.3
Accounts Payable	10.26	21.15	50.36	67.6	49.82	88.1
Accrued Expenses	11.76	51.37	11.58	14.01	12.45	10.3
Current Portion of Long-Term Debt	276.4	231.4	142	87	36	61.2
Current Portion of Leases	1.14	1.14	0.65	0.02	0.02	0.02
Current Income Taxes Payable	9.23	7.99	9.04	13.24	8.94	9.86
Current Unearned Revenue	24.78	20.89	28.83	15.43	10.5	10.04
Other Current Liabilities	98.98	122.86	140.11	62.57	262.48	239.13
Total Current Liabilities	432.54	456.78	382.57	259.87	380.21	418.66
Long-Term Debt	89.44	102.65	116.76	78.15	15	21
Long-Term Leases	2.75	3.1	3.55	0.13	0.15	0.09
Long-Term Unearned Revenue	19.69	20.78	14.51	16.1	17.69	17.79
Long-Term Deferred Tax Liabilities	1.45	1.55	0.48	1.63	5.5	9.13
Other Long-Term Liabilities	-	-	18.06	-	-	-
Total Liabilities	545.87	584.85	535.95	355.88	418.55	466.66
Common Stock	955.64	955.64	955.64	100	100	100
Retained Earnings	-18.81	3.42	38.76	320.2	192.85	140.02
Comprehensive Income & Other	28.29	26.31	27.38	161.81	165.9	161.53
Total Common Equity	965.11	985.37	1,022	582.01	458.75	401.55
Minority Interest	94.26	106.18	105.67	137.55	96.4	104.09
Shareholders' Equity	1,059	1,092	1,127	719.56	555.15	505.64
Total Liabilities & Equity	1,605	1,676	1,663	1,075	973.7	972.3
Total Debt	369.73	338.27	262.97	165.3	51.17	82.3
Net Cash (Debt)	5.82	14.34	37.74	-72.83	-1.09	-27.86
Net Cash Growth	-87.00%	-62.00%	-	-	-	-
Net Cash Per Share	0.01	0.02	0.06	-0.14	-	-
Filing Date Shares Outstanding	955.64	955.64	955.64	100	-	-
Total Common Shares Outstanding	955.64	955.64	955.64	100	-	-
Working Capital	119.05	133.91	169.19	92.59	-63.61	-123.21
Book Value Per Share	1.01	1.03	1.07	5.82	-	-
Tangible Book Value	933.57	953.1	988.05	542.38	402.83	337.74
Tangible Book Value Per Share	0.98	1.00	1.03	5.42	-	-
Buildings	-	199.23	195.31	137.89	136.37	134.46
Machinery	-	993.21	927.25	522.1	514.54	494.72
Construction In Progress	-	0.77	24.1	125.82	10.32	19.61

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