Annual Report 2025

CONSOLIDATED STATEMENT OF FINANCIAL POSITION At 31 December 2025 50 The United Laboratories International Holdings Limited Annual Report 2025 2025 2024 NOTES RMB'000 RMB'000 Non-current liabilities Deferred tax liabilities 29 376,079 282,492 Deferred income in respect of government grants 25 & 33 89,644 22,205 Lease liabilities 27 7,453 12,667 Borrowings – due after one year 28 2,872,831 2,307,899 3,346,007 2,625,263 Net assets 17,475,316 14,435,240 Capital and reserves Share capital 30 18,396 16,965 Reserves 17,374,558 14,371,318 Equity attributable to owners of the Company 17,392,954 14,388,283 Non-controlling interests 82,362 46,957 Total equity 17,475,316 14,435,240 The consolidated financial statements on pages 47 to 153 were approved and authorised for issue by the Board of Directors on 24 March 2026 and are signed on its behalf by: TSOI HOI SHAN LEUNG WING HON DIRECTOR DIRECTOR