SHA:688051 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	92.32	80.35	55.44	256.58	355.57
Trading Asset Securities	-	20	106.61	47.01	137.03
Cash & Short-Term Investments	92.32	100.35	162.05	303.59	492.59
Cash Growth	-7.99%	-38.08%	-46.62%	-38.37%	-36.43%
Accounts Receivable	347.28	385.52	408.69	430.81	493.85
Other Receivables	12.28	14.08	31.79	25.49	45.63
Receivables	359.57	399.61	440.49	456.3	539.48
Inventory	19.72	34.99	57.96	94.71	38.31
Prepaid Expenses	1.73	2.29	0.52	-	4.99
Other Current Assets	43.02	38.12	43.34	49.25	44.22
Total Current Assets	516.38	575.35	704.37	903.84	1,120
Property, Plant & Equipment	282.02	313.26	354.79	417.97	450.14
Long-Term Investments	6.45	5.18	0.28	0.33	1.06
Other Intangible Assets	46.84	43.87	67.38	99.2	82.8
Long-Term Accounts Receivable	18.8	26.3	35.69	17.1	43.05
Long-Term Deferred Tax Assets	20.55	25.39	28.54	33.38	41.13
Long-Term Deferred Charges	1.86	5.42	0.87	1.25	45.42
Other Long-Term Assets	26.32	31.55	-	8.64	75
Total Assets	919.21	1,026	1,192	1,482	1,858
Accounts Payable	95.63	116.12	116.83	178.3	252.29
Accrued Expenses	60.05	61.74	39.04	49.65	50.66
Short-Term Debt	63.41	70.5	119.57	98.06	100
Current Portion of Long-Term Debt	4.03	4.01	4	-	-
Current Portion of Leases	7.38	10.6	13.24	29.63	41.64
Current Income Taxes Payable	-	-	0	0.86	2.3
Current Unearned Revenue	13.85	11.79	34.75	49.88	21.17
Other Current Liabilities	21.37	20.99	18.85	18.01	7.79
Total Current Liabilities	265.72	295.74	346.27	424.39	475.85
Long-Term Debt	24	-	4.01	-	-
Long-Term Leases	-	1.03	2.34	-	11.71
Long-Term Unearned Revenue	36.72	16.49	21.78	27.8	44.49
Long-Term Deferred Tax Liabilities	0.21	0.32	0.51	0.23	-
Other Long-Term Liabilities	1.17	0.95	0.2	0.9	-
Total Liabilities	327.82	314.53	375.12	453.32	532.04
Common Stock	77.33	77.33	77.33	77.33	77.33
Additional Paid-In Capital	1,019	1,019	1,018	1,016	1,023
Retained Earnings	-496.91	-376.15	-272.99	-64.7	222.97
Total Common Equity	599.1	719.86	822.14	1,028	1,323
Minority Interest	-7.71	-8.07	-5.33	-0.1	3.15
Shareholders' Equity	591.39	711.79	816.81	1,028	1,326
Total Liabilities & Equity	919.21	1,026	1,192	1,482	1,858
Total Debt	98.82	86.14	143.16	127.7	153.35
Net Cash (Debt)	-6.49	14.21	18.89	175.89	339.25
Net Cash Growth	-	-24.79%	-89.26%	-48.15%	-47.84%
Net Cash Per Share	-0.08	0.18	0.24	2.27	4.38
Filing Date Shares Outstanding	77.33	77.33	77.33	77.33	77.33
Total Common Shares Outstanding	77.33	77.33	77.33	77.33	77.33
Working Capital	250.66	279.61	358.09	479.45	643.76
Book Value Per Share	7.75	9.31	10.63	13.30	17.11
Tangible Book Value	552.26	675.99	754.76	929.28	1,240
Tangible Book Value Per Share	7.14	8.74	9.76	12.02	16.04
Buildings	315.33	318.14	325.03	338.6	337.54
Machinery	189.31	215.89	238.47	234.99	254.54
Construction In Progress	-	0.99	2.69	13.5	6.48

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