HKG:9903 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	1,505	313.56	308.05	219.31
Short-Term Investments	-	48.96	4.84	33.87
Trading Asset Securities	-	-	-	8.78
Cash & Short-Term Investments	1,505	362.53	312.89	261.96
Cash Growth	315.06%	15.86%	19.44%	-
Accounts Receivable	587.46	403.23	253.4	88.71
Other Receivables	-	49.34	292.51	22.32
Receivables	587.46	452.56	545.91	111.03
Inventory	709.77	342.64	232.6	244.02
Restricted Cash	-	0.06	0.06	92.68
Other Current Assets	630.11	104.55	195.67	75.41
Total Current Assets	3,432	1,262	1,287	785.09
Property, Plant & Equipment	197.97	168.65	114.5	102.38
Long-Term Investments	76.93	97.37	91.29	50
Other Intangible Assets	189.84	140.67	74.58	101.06
Long-Term Accounts Receivable	-	2.55	18.3	-
Other Long-Term Assets	15.22	13.59	7.18	8.15
Total Assets	3,912	1,685	1,593	1,047
Accounts Payable	31.13	45.65	18.16	85.26
Accrued Expenses	-	135.63	86.37	71.38
Short-Term Debt	-	540.5	388.3	102.88
Current Portion of Long-Term Debt	643.62	25.56	104.11	0.05
Current Portion of Leases	6.77	17.98	3.71	13.79
Current Income Taxes Payable	-	7.49	6.76	6.04
Current Unearned Revenue	130.51	31.03	48.54	2.48
Other Current Liabilities	300.39	76.13	30.52	34.84
Total Current Liabilities	1,112	879.96	686.47	316.71
Long-Term Debt	365.42	42	-	50
Long-Term Leases	3.59	15.16	1.86	1.94
Long-Term Unearned Revenue	66.74	45.11	26.04	44.67
Other Long-Term Liabilities	10.73	14.29	0.28	13.69
Total Liabilities	1,559	996.51	714.64	427
Common Stock	228.89	-	-	-
Additional Paid-In Capital	-	193.81	186.22	171.31
Retained Earnings	-	-3,743	-2,851	-2,059
Treasury Stock	-37.93	-40.85	-28.62	-31.85
Comprehensive Income & Other	2,162	4,279	3,616	2,581
Total Common Equity	2,353	688.67	922.74	660.98
Minority Interest	-	-	-44.4	-41.3
Shareholders' Equity	2,353	688.67	878.34	619.68
Total Liabilities & Equity	3,912	1,685	1,593	1,047
Total Debt	1,019	641.2	497.98	168.65
Net Cash (Debt)	485.3	-278.67	-185.09	93.3
Net Cash Per Share	2.57	-1.70	-1.27	0.71
Filing Date Shares Outstanding	202.54	165	145.85	131.27
Total Common Shares Outstanding	202.54	165	145.85	131.27
Working Capital	2,320	382.39	600.67	468.39
Book Value Per Share	11.62	4.17	6.33	5.04
Tangible Book Value	2,163	548	848.16	559.92
Tangible Book Value Per Share	10.68	3.32	5.82	4.27
Machinery	-	283.94	193.09	131.54
Leasehold Improvements	-	20.78	19.89	13.75

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