SHA:688022 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	-	182.07	133.81	136.88	82.81
Short-Term Investments	-	20.83	11.23	8.69	-
Trading Asset Securities	-	-	-	0.17	202.99
Cash & Short-Term Investments	115.65	202.9	145.03	145.73	285.8
Cash Growth	-43.00%	39.90%	-0.48%	-49.01%	-49.35%
Accounts Receivable	-	529.58	982.49	882.94	462.31
Other Receivables	-	16.67	17.75	4.81	29.32
Receivables	-	546.25	1,000	887.75	499.62
Inventory	-	685.89	1,003	890.6	487.74
Other Current Assets	-	246.65	252.37	186.28	117.17
Total Current Assets	-	1,682	2,401	2,110	1,390
Property, Plant & Equipment	-	916.87	900.06	628.94	571.8
Long-Term Investments	-	256.06	472.83	147.13	68.69
Goodwill	-	-	4.97	4.97	4.97
Other Intangible Assets	-	51.96	59.38	30.95	32.15
Long-Term Accounts Receivable	-	-	-	2.42	0.2
Long-Term Deferred Tax Assets	-	70.89	71.45	39.32	17.76
Long-Term Deferred Charges	-	1.6	28.95	34.41	34.39
Other Long-Term Assets	-	1.85	137.22	7.25	1.4
Total Assets	-	2,981	4,076	3,006	2,122
Accounts Payable	-	572.3	865.3	756.15	400
Accrued Expenses	-	96.11	150.54	128.03	61.6
Short-Term Debt	-	715.11	754.88	695.55	482.46
Current Portion of Long-Term Debt	-	135.05	24.02	51.86	-
Current Portion of Leases	-	2.04	17.87	17.67	10.78
Current Income Taxes Payable	-	0.04	0.1	12.61	6.21
Current Unearned Revenue	-	468.37	179.74	172.66	112.8
Other Current Liabilities	-	54.43	38.93	71.59	36.68
Total Current Liabilities	-	2,043	2,031	1,906	1,111
Long-Term Debt	-	269.94	242.07	36	44.86
Long-Term Leases	-	3.44	15.75	20.93	25.93
Long-Term Unearned Revenue	-	4.45	5.19	5.93	6.67
Long-Term Deferred Tax Liabilities	-	8.23	11.71	14.07	5.2
Other Long-Term Liabilities	-	9.33	3.43	-	0.36
Total Liabilities	-	2,339	2,310	1,983	1,194
Common Stock	-	175.88	175.88	108.54	108.29
Additional Paid-In Capital	-	1,520	1,520	627.79	628.41
Retained Earnings	-	-910.68	192.31	292.84	219.32
Treasury Stock	-	-135	-125.57	-	-23
Comprehensive Income & Other	-	0.19	0.94	0.81	0.76
Total Common Equity	692.72	650.85	1,764	1,030	933.79
Minority Interest	-	-8.74	2.45	-7.25	-5.66
Shareholders' Equity	683.84	642.11	1,766	1,023	928.13
Total Liabilities & Equity	-	2,981	4,076	3,006	2,122
Total Debt	1,077	1,126	1,055	822.02	564.03
Net Cash (Debt)	-961.72	-922.67	-909.56	-676.29	-278.23
Net Cash Per Share	-5.43	-5.24	-5.27	-4.51	-1.83
Filing Date Shares Outstanding	186.24	170.46	170.94	151.95	150.6
Total Common Shares Outstanding	170.46	170.46	170.94	151.95	150.6
Working Capital	-	-361.74	369.43	204.25	279.79
Book Value Per Share	4.06	3.82	10.32	6.78	6.20
Tangible Book Value	640.99	598.89	1,699	994.05	896.67
Tangible Book Value Per Share	3.76	3.51	9.94	6.54	5.95
Buildings	-	925.94	553.63	534.43	104.31
Machinery	-	91.26	187.44	108.12	106.65
Construction In Progress	-	-	222.68	13.43	370.73

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