HKG:2512 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
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
Cash & Equivalents	348.06	371.02	162.34	77.99	47.01
Short-Term Investments	1.16	0.86	0.47	0.2	1.3
Cash & Short-Term Investments	349.21	371.88	162.81	78.19	48.31
Cash Growth	111.52%	128.41%	108.23%	61.86%	-
Accounts Receivable	300.49	235.04	197.63	115.07	97.58
Other Receivables	61.82	90.13	27.93	87.14	87.11
Receivables	362.3	325.17	225.56	202.21	184.69
Inventory	0.77	0.13	-	-	-
Restricted Cash	-	0.03	-	-	-
Other Current Assets	162.87	124.98	9.56	16.96	6.58
Total Current Assets	875.16	822.19	397.93	297.35	239.58
Property, Plant & Equipment	40.91	33.24	22.86	14.45	12.69
Other Intangible Assets	0.25	0.23	0.17	0.31	0.03
Long-Term Deferred Tax Assets	2.23	1.84	1.94	1.17	0.63
Other Long-Term Assets	42.21	53.92	78.85	-	-
Total Assets	960.75	911.41	501.74	313.28	252.94
Accounts Payable	216.31	199.6	244.14	171.3	151.93
Accrued Expenses	-	17.62	18.93	18.5	8.31
Short-Term Debt	294.57	262.81	166.73	67.01	42.08
Current Portion of Leases	0.26	0.49	0.6	0.19	-
Current Income Taxes Payable	4.28	4.33	3.16	2.32	5.8
Current Unearned Revenue	0.18	0.23	0.08	1.85	0.13
Other Current Liabilities	26.17	20.41	12.55	6.43	7.04
Total Current Liabilities	541.76	505.48	446.18	267.6	215.29
Long-Term Leases	-	0.01	0.66	-	-
Total Liabilities	541.76	505.49	446.84	267.6	215.29
Common Stock	0.03	0.03	-	-	-
Additional Paid-In Capital	332.27	332.27	-	-	-
Retained Earnings	47.38	32.69	20.6	36.68	28.64
Comprehensive Income & Other	35.6	37.45	33.54	9	9
Total Common Equity	415.28	402.44	54.14	45.68	37.64
Minority Interest	3.71	3.48	0.76	-	-
Shareholders' Equity	418.99	405.92	54.9	45.68	37.64
Total Liabilities & Equity	960.75	911.41	501.74	313.28	252.94
Total Debt	294.83	263.31	167.99	67.21	42.08
Net Cash (Debt)	54.38	108.57	-5.18	10.99	6.22
Net Cash Growth	-	-	-	76.49%	-
Net Cash Per Share	0.12	0.26	-0.01	-	-
Filing Date Shares Outstanding	460	460	460	-	-
Total Common Shares Outstanding	460	460	375	-	-
Working Capital	333.4	316.71	-48.25	29.75	24.29
Book Value Per Share	0.90	0.87	0.14	-	-
Tangible Book Value	415.03	402.21	53.97	45.37	37.61
Tangible Book Value Per Share	0.90	0.87	0.14	-	-
Buildings	-	11.33	11.33	10.58	10.58
Machinery	-	30.16	14.42	5.53	3.78
Leasehold Improvements	-	1.21	0.22	-	-

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