SHA:688062 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	-	1,193	1,651	2,491	96.54
Short-Term Investments	-	35.87	35.26	-	-
Trading Asset Securities	-	3.77	14.88	60.12	-
Cash & Short-Term Investments	1,482	1,232	1,701	2,551	96.54
Cash Growth	20.26%	-27.56%	-33.32%	2542.47%	-82.38%
Accounts Receivable	-	38.34	17.51	0.07	0.14
Other Receivables	-	100.05	112.27	82.65	33.01
Receivables	-	138.39	129.78	82.73	33.15
Inventory	-	211.68	159.3	79.05	40.11
Other Current Assets	-	122.84	57.48	65.12	74.93
Total Current Assets	-	1,705	2,048	2,778	244.74
Property, Plant & Equipment	-	2,053	1,935	1,263	811.64
Long-Term Investments	-	46.66	41.95	20.2	18.95
Goodwill	-	118.77	118.77	118.77	118.77
Other Intangible Assets	-	152.81	139.72	161.31	179.4
Long-Term Deferred Charges	-	6.39	0.98	6.13	12.71
Other Long-Term Assets	-	192.76	170.98	271.93	209.07
Total Assets	-	4,276	4,455	4,619	1,595
Accounts Payable	-	100.23	62.32	45.21	39.69
Accrued Expenses	-	153.03	138.12	82.25	57.53
Short-Term Debt	-	921.6	209.27	100.14	10.82
Current Portion of Long-Term Debt	-	113.65	1.59	0.6	0.15
Current Portion of Leases	-	31.52	26.96	21.02	18.83
Current Income Taxes Payable	-	-	3.34	-	-
Current Unearned Revenue	-	36.01	13.52	36.65	63.53
Other Current Liabilities	-	185.67	361.26	159.27	79.85
Total Current Liabilities	-	1,542	816.39	445.14	270.41
Long-Term Debt	-	1,006	887.72	492.12	132.05
Long-Term Leases	-	142.97	167.11	160.57	172.72
Long-Term Unearned Revenue	-	27.07	10.59	11.03	11.47
Other Long-Term Liabilities	-	1.53	-	-	-
Total Liabilities	-	2,720	1,882	1,109	586.65
Common Stock	-	399.6	399.6	399.6	299.7
Additional Paid-In Capital	-	5,959	5,931	5,812	2,456
Retained Earnings	-	-4,795	-3,751	-2,698	-1,743
Comprehensive Income & Other	-	5.08	4.8	1.56	-2.6
Total Common Equity	761.1	1,569	2,584	3,516	1,011
Minority Interest	-	-13.1	-10.45	-5.08	-2.18
Shareholders' Equity	945.58	1,556	2,573	3,511	1,009
Total Liabilities & Equity	-	4,276	4,455	4,619	1,595
Total Debt	2,549	2,216	1,293	774.45	334.58
Net Cash (Debt)	-1,067	-983.91	408.4	1,777	-238.03
Net Cash Growth	-	-	-77.01%	-	-
Net Cash Per Share	-2.67	-2.46	1.02	4.54	-0.79
Filing Date Shares Outstanding	401.68	399.6	399.6	399.6	299.7
Total Common Shares Outstanding	399.4	399.6	399.6	399.6	299.7
Working Capital	-	163.47	1,231	2,333	-25.68
Book Value Per Share	1.91	3.93	6.47	8.80	3.37
Tangible Book Value	494.14	1,297	2,325	3,236	712.64
Tangible Book Value Per Share	1.24	3.25	5.82	8.10	2.38
Buildings	-	753.02	181.83	3.06	3.06
Machinery	-	1,206	653.69	440.39	420.08
Construction In Progress	-	240.87	1,131	804.49	313.24

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.