SHA:688050 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	-	363.9	536.66	354.9	472.87
Short-Term Investments	-	-	-	-	480
Trading Asset Securities	-	132.27	20.12	481.97	0.48
Cash & Short-Term Investments	686.72	496.17	556.78	836.86	953.35
Cash Growth	38.41%	-10.89%	-33.47%	-12.22%	-3.42%
Accounts Receivable	-	353.15	212.82	103.52	67.8
Other Receivables	-	5.34	6.03	3.71	6.57
Receivables	-	358.49	218.85	107.23	74.37
Inventory	-	272.63	181.35	78.83	56.02
Prepaid Expenses	-	-	-	-	0.15
Other Current Assets	-	53.34	65.89	38.36	34.83
Total Current Assets	-	1,181	1,023	1,061	1,119
Property, Plant & Equipment	-	1,503	1,257	674.21	558.69
Long-Term Investments	-	207.83	157.44	153.56	102.16
Goodwill	-	139.11	132.6	21.13	21.13
Other Intangible Assets	-	190.43	174.21	107.04	91.39
Long-Term Deferred Tax Assets	-	72.89	46.74	29.91	34.35
Long-Term Deferred Charges	-	149.56	105.72	60.83	67.49
Other Long-Term Assets	-	36.85	149.43	120.81	45.49
Total Assets	-	3,497	3,062	2,244	2,048
Accounts Payable	-	56.08	49.05	13.86	5.57
Accrued Expenses	-	55.74	50.87	42.59	31.82
Short-Term Debt	-	-	25.55	-	-
Current Portion of Long-Term Debt	-	80.83	92.39	-	-
Current Portion of Leases	-	4.71	-	-	-
Current Income Taxes Payable	-	3.77	2.31	13.5	6.99
Current Unearned Revenue	-	11.46	12.6	6.47	6.16
Other Current Liabilities	-	86.32	145	71.29	88.88
Total Current Liabilities	-	298.91	377.77	147.71	139.42
Long-Term Debt	-	513.13	287.44	149.77	143.37
Long-Term Leases	-	10.23	13.85	13.02	11.48
Long-Term Unearned Revenue	-	22.35	10.53	8.9	10.76
Long-Term Deferred Tax Liabilities	-	16.26	15.14	4.26	0.8
Other Long-Term Liabilities	-	1.82	1.13	0.64	1.63
Total Liabilities	-	862.71	705.85	324.3	307.46
Common Stock	-	189.54	105.25	105.18	105.14
Additional Paid-In Capital	-	1,197	1,325	1,311	1,318
Retained Earnings	-	1,037	699.81	444.01	250.23
Treasury Stock	-	-20.04	-	-	-
Comprehensive Income & Other	-	6.33	-	-	-
Total Common Equity	2,811	2,409	2,130	1,860	1,674
Minority Interest	-	224.76	226.3	59.96	66.29
Shareholders' Equity	3,008	2,634	2,356	1,920	1,740
Total Liabilities & Equity	-	3,497	3,062	2,244	2,048
Total Debt	639.21	608.9	419.23	162.79	154.85
Net Cash (Debt)	47.51	-112.73	137.55	674.07	798.5
Net Cash Growth	-	-	-79.59%	-15.58%	-19.11%
Net Cash Per Share	0.25	-0.60	0.72	3.56	4.22
Filing Date Shares Outstanding	192.85	189.54	189.45	189.32	189.25
Total Common Shares Outstanding	192.85	189.54	189.45	189.32	189.25
Working Capital	-	881.72	645.1	913.59	979.3
Book Value Per Share	14.53	12.71	11.24	9.83	8.84
Tangible Book Value	2,405	2,080	1,823	1,732	1,561
Tangible Book Value Per Share	12.44	10.97	9.62	9.15	8.25
Buildings	-	879.35	676.61	414.46	150.37
Machinery	-	874.05	618.13	232.76	155.95
Construction In Progress	-	52.88	154.26	120.6	318.44

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