Statement of Financial Position

	Note	2024	2025
		(Re-presented)
ASSETS
Non-current assets
Property, plant and equipment	16	351,530	345,611
Right-of-use assets	17	47,522	38,665
Goodwill	18	2,771	2,771
Interest in associates	20	45,058	45,792
Interest in joint ventures	21	11,453	12,640
Deferred income tax assets	14	1,256	1,541
Contract assets	22	77	446
Contract costs	23	8,868	7,942
Financial assets measured at fair value	24	4,667	5,132
Long-term bank deposits		15,185	15,580
Other assets	26	24,050	24,539
		512,437	500,659
Current assets
Inventories	27	2,463	2,431
Contract assets	22	283	650
Accounts receivable	28	58,874	65,994
Prepayments and other current assets	29	33,324	31,671
Financial assets measured at fair value	24	9,150	21,398
Short-term bank deposits and restricted deposits	25	26,226	21,706
Cash and cash equivalents	30	28,480	25,109
		158,800	168,959
Total assets		671,237	669,618
EQUITY
Equity attributable to equity shareholders of the Company
Share capital	31	254,056	254,056
Reserves	32	(10,378)	(8,297)
Retained profits
– Proposed final dividend	33	4,779	4,066
– Others		112,588	118,457
		361,045	368,282
Non-controlling interests		2,525	2,585
Total equity		363,570	370,867
LIABILITIES
Non-current liabilities
Long-term loans	34	2,128	3,928
Lease liabilities	35	24,222	16,135
Deferred income tax liabilities	14	1,306	2,745
Deferred revenue	36	8,229	8,025
Other obligations	37	1,110	928
		36,995	31,761
Current liabilities
Short-term bank loans	38	711	966
Current portion of long-term loans	34	727	589
Lease liabilities	35	13,419	12,469
Accounts payable and accrued liabilities	39	188,162	187,088
Bills payable		15,484	13,579
Taxes payable		2,683	2,405
Current portion of other obligations	37	2,495	2,509
Contract liabilities	22	46,765	47,018
Advances from customers		226	367
		270,672	266,990
Total liabilities		307,667	298,751
Total equity and liabilities		671,237	669,618
Net current liabilities		(111,872)	(98,031)
Total assets less current liabilities		400,565	402,628

The notes on pages 110 to 213 are an integral part of these consolidated financial statements.

Approved and authorised for issue by the Board of Directors on 19 March 2026 and signed on behalf of the Board by:

Dong Xin	Li Yuzhuo
Chairman and Chief Executive Officer	Executive Director and Chief Financial Officer