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	1,528	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	1,528	1,232	1,701	2,551	96.54
Cash Growth	24.02%	-27.56%	-33.32%	2542.47%	-82.38%
Accounts Receivable	99.79	38.34	17.51	0.07	0.14
Other Receivables	123.3	100.05	112.27	82.65	33.01
Receivables	223.09	138.39	129.78	82.73	33.15
Inventory	187.9	211.68	159.3	79.05	40.11
Other Current Assets	99.33	122.84	57.48	65.12	74.93
Total Current Assets	2,039	1,705	2,048	2,778	244.74
Property, Plant & Equipment	1,970	2,053	1,935	1,263	811.64
Long-Term Investments	91.14	46.66	41.95	20.2	18.95
Goodwill	118.77	118.77	118.77	118.77	118.77
Other Intangible Assets	146.06	152.81	139.72	161.31	179.4
Long-Term Deferred Charges	6.26	6.39	0.98	6.13	12.71
Other Long-Term Assets	184.69	192.76	170.98	271.93	209.07
Total Assets	4,556	4,276	4,455	4,619	1,595
Accounts Payable	197.38	100.23	62.32	45.21	39.69
Accrued Expenses	145.03	150.64	138.12	82.25	57.53
Short-Term Debt	1,147	921.6	209.27	100.14	10.82
Current Portion of Long-Term Debt	183.8	113.65	1.59	0.6	0.15
Current Portion of Leases	134.41	31.52	26.96	21.02	18.83
Current Income Taxes Payable	2.34	2.39	3.34	-	-
Current Unearned Revenue	288.59	36.01	13.52	36.65	63.53
Other Current Liabilities	160.38	185.67	361.26	159.27	79.85
Total Current Liabilities	2,259	1,542	816.39	445.14	270.41
Long-Term Debt	1,341	1,006	887.72	492.12	132.05
Long-Term Leases	165.94	142.97	167.11	160.57	172.72
Long-Term Unearned Revenue	49.19	27.07	10.59	11.03	11.47
Other Long-Term Liabilities	208.12	1.53	-	-	-
Total Liabilities	4,023	2,720	1,882	1,109	586.65
Common Stock	399.6	399.6	399.6	399.6	299.7
Additional Paid-In Capital	5,760	5,959	5,931	5,812	2,456
Retained Earnings	-5,765	-4,795	-3,751	-2,698	-1,743
Treasury Stock	-49.99	-	-	-	-
Comprehensive Income & Other	4.45	5.08	4.8	1.56	-2.6
Total Common Equity	349.51	1,569	2,584	3,516	1,011
Minority Interest	183.5	-13.1	-10.45	-5.08	-2.18
Shareholders' Equity	533	1,556	2,573	3,511	1,009
Total Liabilities & Equity	4,556	4,276	4,455	4,619	1,595
Total Debt	2,972	2,216	1,293	774.45	334.58
Net Cash (Debt)	-1,444	-983.91	408.4	1,777	-238.03
Net Cash Growth	-	-	-77.01%	-	-
Net Cash Per Share	-3.62	-2.46	1.02	4.54	-0.79
Filing Date Shares Outstanding	398.41	399.6	399.6	399.6	299.7
Total Common Shares Outstanding	398.41	399.6	399.6	399.6	299.7
Working Capital	-220	163.47	1,231	2,333	-25.68
Book Value Per Share	0.88	3.93	6.47	8.80	3.37
Tangible Book Value	84.68	1,297	2,325	3,236	712.64
Tangible Book Value Per Share	0.21	3.25	5.82	8.10	2.38
Buildings	754.31	753.02	181.83	3.06	3.06
Machinery	1,221	1,206	653.69	440.39	420.08
Construction In Progress	348.36	240.87	1,131	804.49	313.24

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