SHA:688039 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	242.33	128.59	288.15	420.71	877.74
Trading Asset Securities	20.18	45.09	-	-	25.05
Cash & Short-Term Investments	262.51	173.68	288.15	420.71	902.78
Cash Growth	51.15%	-39.73%	-31.51%	-53.40%	-17.57%
Accounts Receivable	306.48	348.53	386.84	363.39	483.93
Other Receivables	16.53	16.82	17.96	17.12	9.29
Receivables	323.01	365.35	404.8	380.51	493.22
Inventory	68.43	33.68	40.78	54.8	60.89
Other Current Assets	24.31	31.17	49.3	57.54	24.54
Total Current Assets	678.26	603.88	783.02	913.55	1,481
Property, Plant & Equipment	374.9	460.1	433.39	347.04	117.69
Long-Term Investments	290.68	283.2	278.45	274.13	116.17
Goodwill	-	-	-	1.88	14.66
Other Intangible Assets	22.8	36.78	48.93	55.92	48.05
Long-Term Accounts Receivable	-	-	-	-	6.16
Long-Term Deferred Tax Assets	80.73	68.42	48.01	26.88	10.7
Long-Term Deferred Charges	3.67	6.51	5.69	6.28	-
Other Long-Term Assets	60.43	-	-	-	1.97
Total Assets	1,511	1,459	1,597	1,626	1,797
Accounts Payable	193.59	106.79	103.74	120.02	178.6
Accrued Expenses	10.51	12.5	15.81	13.87	29.77
Short-Term Debt	152.63	94.76	159.8	49.1	15.78
Current Portion of Long-Term Debt	12.61	-	-	26.52	-
Current Portion of Leases	-	7.01	5.14	3	1.78
Current Income Taxes Payable	2.46	0	0	0	5.8
Current Unearned Revenue	11.7	3.43	2.01	4.35	1.75
Other Current Liabilities	12.74	33.5	42.98	27.91	20.52
Total Current Liabilities	396.23	257.99	329.48	244.76	253.99
Long-Term Debt	-	-	-	-	6.24
Long-Term Leases	63.14	42.68	11.45	3.42	2.88
Long-Term Unearned Revenue	1.53	-	-	1.84	-
Long-Term Deferred Tax Liabilities	0	0	0.2	2.42	1.62
Total Liabilities	460.9	300.67	341.13	252.44	264.72
Common Stock	110.6	111.92	111.92	80.32	80.32
Additional Paid-In Capital	1,080	1,150	1,150	1,160	1,155
Retained Earnings	-170.75	-79.44	22.76	160.95	279.68
Treasury Stock	-	-49.96	-49.96	-49.96	-
Comprehensive Income & Other	35.31	23	13.68	13.06	16.95
Total Common Equity	1,055	1,155	1,248	1,364	1,532
Minority Interest	-4.44	2.85	7.88	8.8	-
Shareholders' Equity	1,051	1,158	1,256	1,373	1,532
Total Liabilities & Equity	1,511	1,459	1,597	1,626	1,797
Total Debt	228.38	144.45	176.39	82.04	26.67
Net Cash (Debt)	34.13	29.23	111.76	338.67	876.12
Net Cash Growth	16.77%	-73.84%	-67.00%	-61.34%	-20.00%
Net Cash Per Share	0.31	0.26	1.01	3.02	7.85
Filing Date Shares Outstanding	115.41	110.6	110.6	110.6	112.44
Total Common Shares Outstanding	115.41	110.6	110.6	110.6	112.44
Working Capital	282.03	345.89	453.54	668.79	1,227
Book Value Per Share	9.14	10.45	11.29	12.34	13.63
Tangible Book Value	1,032	1,119	1,200	1,307	1,469
Tangible Book Value Per Share	8.94	10.11	10.85	11.81	13.07
Buildings	-	361.6	360.65	-	-
Machinery	-	100.89	85.36	60.21	25.43
Construction In Progress	-	0.19	4.06	295.22	95.97

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