SHA:688020 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	360.81	68.45	309.28	468.08	408.28
Short-Term Investments	-	349.02	286.24	194.1	171.17
Trading Asset Securities	100	120.24	161.36	117.7	215
Cash & Short-Term Investments	460.81	537.71	756.88	779.88	794.46
Cash Growth	-14.30%	-28.96%	-2.95%	-1.84%	-31.45%
Accounts Receivable	226.86	198.91	170.33	167.61	177.31
Other Receivables	0.18	0.23	0.17	0.94	0.95
Receivables	227.05	199.14	170.5	168.55	178.26
Inventory	74.08	85.37	61.69	49.42	51
Other Current Assets	199.24	7.84	23.4	22.83	63.42
Total Current Assets	961.18	830.05	1,012	1,021	1,087
Property, Plant & Equipment	679.37	780.68	849.38	882.38	773.36
Long-Term Investments	49.44	112.84	20	-	-
Other Intangible Assets	32.54	31.79	32.92	33.93	35.05
Long-Term Deferred Tax Assets	26.99	29.01	22.78	14.54	10.6
Long-Term Deferred Charges	0.17	0.17	0.39	0.06	2.37
Other Long-Term Assets	0.51	15.56	7.4	16.57	16.34
Total Assets	1,750	1,800	1,945	1,968	1,925
Accounts Payable	58.41	68.57	127.64	167.23	144.56
Accrued Expenses	12.83	15.67	11.25	15.63	15.43
Short-Term Debt	232.94	210.15	192.45	132.31	81.83
Current Portion of Long-Term Debt	2.62	-	-	-	-
Current Portion of Leases	-	3.2	4.12	1.54	5.84
Current Income Taxes Payable	1.84	0.35	2.86	0.62	1.46
Current Unearned Revenue	0.05	9.55	9.51	10.2	0.28
Other Current Liabilities	9.61	9.1	9.12	4.75	6.7
Total Current Liabilities	318.3	316.58	356.96	332.28	256.1
Long-Term Leases	0.8	2.12	4.65	-	1.54
Long-Term Unearned Revenue	79.02	84.53	79.42	75.44	33.92
Long-Term Deferred Tax Liabilities	0.64	0.99	1.59	0.22	-
Total Liabilities	398.76	404.22	442.61	407.94	291.56
Common Stock	82.37	80.74	80.63	80.21	80
Additional Paid-In Capital	1,168	1,115	1,109	1,095	1,089
Retained Earnings	94.53	193.15	299.8	368.47	451.48
Treasury Stock	-15.01	-15.01	-4.01	-	-
Total Common Equity	1,330	1,374	1,485	1,544	1,620
Minority Interest	21.42	21.7	17.8	16.07	12.87
Shareholders' Equity	1,351	1,396	1,503	1,560	1,633
Total Liabilities & Equity	1,750	1,800	1,945	1,968	1,925
Total Debt	236.35	215.47	201.21	133.85	89.21
Net Cash (Debt)	224.45	322.23	555.67	646.04	705.25
Net Cash Growth	-30.34%	-42.01%	-13.99%	-8.39%	-36.59%
Net Cash Per Share	3.33	4.01	6.96	8.07	8.74
Filing Date Shares Outstanding	15.31	80.32	80.21	80.21	80
Total Common Shares Outstanding	15.31	80.31	80.21	80.21	80
Working Capital	642.88	513.48	655.52	688.4	831.04
Book Value Per Share	86.86	17.11	18.51	19.25	20.26
Tangible Book Value	1,297	1,342	1,452	1,510	1,585
Tangible Book Value Per Share	84.74	16.72	18.10	18.83	19.82
Buildings	-	426.89	428.22	429.45	127.09
Machinery	-	545.91	532.63	505.73	339.82
Construction In Progress	-	3.21	4.85	0.77	298.96

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