SHA:688019 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	1,621	897.66	532.01	329.32	332.63
Trading Asset Securities	51.86	44.68	61.13	168.72	219.38
Cash & Short-Term Investments	1,673	942.34	593.14	498.04	552.01
Cash Growth	77.53%	58.87%	19.10%	-9.78%	-33.76%
Accounts Receivable	552.12	392.77	282.01	237.57	178.09
Other Receivables	0.88	1.32	1.21	1.21	0.88
Receivables	553.01	394.08	283.22	238.78	178.97
Inventory	1,050	617.64	427.21	365.9	230.42
Other Current Assets	50.39	72.1	38.74	43.25	34.53
Total Current Assets	3,326	2,026	1,342	1,146	995.93
Property, Plant & Equipment	1,033	777.74	583.59	543.44	503.49
Long-Term Investments	384.03	339.08	314.11	208.94	100.52
Goodwill	-	-	7.39	-	-
Other Intangible Assets	74.43	79.36	80.23	33.76	12.25
Long-Term Deferred Tax Assets	36.49	46.12	44.35	45.23	41.72
Long-Term Deferred Charges	145.77	158.79	134.92	16.68	11.03
Other Long-Term Assets	38.55	24.52	96.51	53.6	7.29
Total Assets	5,038	3,452	2,603	2,048	1,672
Accounts Payable	182.58	143.33	80.5	85.72	80.79
Accrued Expenses	47.89	59.64	31.81	32.5	17.72
Short-Term Debt	145.69	130.1	9.87	30.03	15.89
Current Portion of Long-Term Debt	2.12	37.07	4.01	0.13	-
Current Portion of Leases	45.89	31.75	27.66	23.93	26.99
Current Income Taxes Payable	17.84	15.71	4.13	20.98	21.25
Current Unearned Revenue	38.41	39.69	30.76	181.83	168.43
Other Current Liabilities	8.06	9.28	4.23	1.71	1.14
Total Current Liabilities	488.48	466.57	192.96	376.84	332.2
Long-Term Debt	820.68	114.45	94.59	29.9	-
Long-Term Leases	122.27	82.2	82.85	98.96	116.9
Long-Term Unearned Revenue	69.12	83.65	102.03	18.51	21.98
Long-Term Deferred Tax Liabilities	6.95	3.93	6.92	1.84	-
Total Liabilities	1,507	750.8	479.36	526.05	471.07
Common Stock	168.56	129.21	99.07	74.7	53.22
Additional Paid-In Capital	1,102	1,068	1,019	791.59	779.52
Retained Earnings	2,249	1,523	1,023	652.67	368.21
Treasury Stock	-	-19.75	-19.75	-	-
Comprehensive Income & Other	11.41	0.62	2.73	2.59	0.21
Shareholders' Equity	3,531	2,701	2,124	1,522	1,201
Total Liabilities & Equity	5,038	3,452	2,603	2,048	1,672
Total Debt	1,137	395.58	218.98	182.95	159.77
Net Cash (Debt)	536.26	546.76	374.16	315.08	392.24
Net Cash Growth	-1.92%	46.13%	18.75%	-19.67%	-51.65%
Net Cash Per Share	3.17	3.26	2.24	1.92	2.40
Filing Date Shares Outstanding	174.99	167.82	167.22	166.92	163.7
Total Common Shares Outstanding	168.56	167.82	167.22	164.12	163.7
Working Capital	2,837	1,560	1,149	769.12	663.73
Book Value Per Share	20.95	16.09	12.70	9.27	7.34
Tangible Book Value	3,457	2,622	2,036	1,488	1,189
Tangible Book Value Per Share	20.51	15.62	12.18	9.07	7.26
Buildings	106.3	105.3	53.43	53.43	51.83
Machinery	876.38	640.81	419.46	305.11	283.99
Construction In Progress	226.2	166.53	178.71	192.46	111.44

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