SHA:688016 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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	-	2,171	2,967	976.89	1,243
Cash & Short-Term Investments	2,142	2,171	2,967	976.89	1,243
Cash Growth	-1.34%	-26.84%	203.71%	-21.42%	18.26%
Accounts Receivable	-	254.04	148.09	123.99	73.2
Other Receivables	-	0.84	1.03	0.86	0.71
Receivables	-	255.12	149.37	125.27	74.05
Inventory	-	266.4	210.89	155.97	106.92
Other Current Assets	-	48.04	38.06	36.2	34.42
Total Current Assets	-	2,740	3,365	1,294	1,459
Property, Plant & Equipment	-	411.76	335.32	225.84	117.12
Long-Term Investments	-	-	121.86	125.98	-
Goodwill	-	435.88	-	-	-
Other Intangible Assets	-	440.25	207.63	219.29	76.07
Long-Term Deferred Tax Assets	-	22.93	19.53	10.38	13.65
Long-Term Deferred Charges	-	185.98	173.99	97.42	78.7
Other Long-Term Assets	-	54.64	22.63	21.87	9.4
Total Assets	-	4,292	4,246	1,995	1,754
Accounts Payable	-	41.27	40.4	42.13	24.79
Accrued Expenses	-	154.27	137.32	78.07	95.14
Short-Term Debt	-	14	-	-	-
Current Portion of Leases	-	12.89	11.38	9.09	8.84
Current Income Taxes Payable	-	10.78	27.34	9.66	10.71
Current Unearned Revenue	-	4.57	1.86	2.53	2.16
Other Current Liabilities	-	101.26	94.47	45.36	20.4
Total Current Liabilities	-	339.04	312.76	186.83	162.05
Long-Term Leases	-	13.97	24.37	32.09	36.97
Long-Term Unearned Revenue	-	59.1	37.88	27.25	24.61
Long-Term Deferred Tax Liabilities	-	49.36	-	-	-
Other Long-Term Liabilities	-	7.65	7.62	6.32	7.84
Total Liabilities	-	469.13	382.63	252.49	231.47
Common Stock	-	123.26	82.73	71.98	71.98
Additional Paid-In Capital	-	2,656	2,623	834.99	818.33
Retained Earnings	-	1,147	1,137	809.71	603.98
Treasury Stock	-	-120	-	-	-
Comprehensive Income & Other	-	-13.71	1.59	1.99	-
Total Common Equity	3,957	3,792	3,844	1,719	1,494
Minority Interest	-	30.63	19.76	23.96	27.81
Shareholders' Equity	3,982	3,822	3,864	1,743	1,522
Total Liabilities & Equity	-	4,292	4,246	1,995	1,754
Total Debt	16.99	40.86	35.75	41.18	45.81
Net Cash (Debt)	2,125	2,130	2,931	935.71	1,197
Net Cash Growth	-0.24%	-27.34%	213.26%	-21.86%	13.90%
Net Cash Per Share	17.54	17.26	27.21	8.73	11.17
Filing Date Shares Outstanding	120.88	122.37	123.26	107.25	107.25
Total Common Shares Outstanding	120.91	122.37	123.26	107.25	107.25
Working Capital	-	2,401	3,052	1,108	1,297
Book Value Per Share	32.72	30.99	31.18	16.03	13.93
Tangible Book Value	3,054	2,916	3,636	1,499	1,418
Tangible Book Value Per Share	25.26	23.83	29.50	13.98	13.22
Buildings	-	49.79	50.05	48.34	45.97
Machinery	-	138.16	99.48	80.2	58.67
Construction In Progress	-	288.27	205.96	100.65	2.25

Source: S&P Global Market Intelligence. Standard template. Financial Sources.