SHA:688062 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,486	1,528	1,193	1,651	2,491	96.54
Short-Term Investments	-	-	35.87	35.26	-	-
Trading Asset Securities	3.52	-	3.77	14.88	60.12	-
Cash & Short-Term Investments	1,489	1,528	1,232	1,701	2,551	96.54
Cash Growth	31.81%	24.02%	-27.56%	-33.32%	2542.47%	-82.38%
Accounts Receivable	127.52	99.79	38.34	17.51	0.07	0.14
Other Receivables	126.11	123.3	100.05	112.27	82.65	33.01
Receivables	253.63	223.09	138.39	129.78	82.73	33.15
Inventory	197.92	187.9	211.68	159.3	79.05	40.11
Other Current Assets	172.09	99.33	122.84	57.48	65.12	74.93
Total Current Assets	2,113	2,039	1,705	2,048	2,778	244.74
Property, Plant & Equipment	1,901	1,970	2,053	1,935	1,263	811.64
Long-Term Investments	88.97	91.14	46.66	41.95	20.2	18.95
Goodwill	118.77	118.77	118.77	118.77	118.77	118.77
Other Intangible Assets	144.95	146.06	152.81	139.72	161.31	179.4
Long-Term Deferred Charges	5.83	6.26	6.39	0.98	6.13	12.71
Other Long-Term Assets	196.52	184.69	192.76	170.98	271.93	209.07
Total Assets	4,568	4,556	4,276	4,455	4,619	1,595
Accounts Payable	150.98	197.38	100.23	62.32	45.21	39.69
Accrued Expenses	97.72	145.03	150.64	138.12	82.25	57.53
Short-Term Debt	1,353	1,147	921.6	209.27	100.14	10.82
Current Portion of Long-Term Debt	301.98	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	19.74	2.34	2.39	3.34	-	-
Current Unearned Revenue	303.52	288.59	36.01	13.52	36.65	63.53
Other Current Liabilities	184.77	160.38	185.67	361.26	159.27	79.85
Total Current Liabilities	2,412	2,259	1,542	816.39	445.14	270.41
Long-Term Debt	1,455	1,341	1,006	887.72	492.12	132.05
Long-Term Leases	155.56	165.94	142.97	167.11	160.57	172.72
Long-Term Unearned Revenue	27.45	49.19	27.07	10.59	11.03	11.47
Other Long-Term Liabilities	229.52	208.12	1.53	-	-	-
Total Liabilities	4,279	4,023	2,720	1,882	1,109	586.65
Common Stock	399.6	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	-6,007	-5,765	-4,795	-3,751	-2,698	-1,743
Treasury Stock	-49.99	-49.99	-	-	-	-
Comprehensive Income & Other	5,764	4.45	5.08	4.8	1.56	-2.6
Total Common Equity	106.82	349.51	1,569	2,584	3,516	1,011
Minority Interest	182.4	183.5	-13.1	-10.45	-5.08	-2.18
Shareholders' Equity	289.21	533	1,556	2,573	3,511	1,009
Total Liabilities & Equity	4,568	4,556	4,276	4,455	4,619	1,595
Total Debt	3,265	2,972	2,216	1,293	774.45	334.58
Net Cash (Debt)	-1,776	-1,444	-983.91	408.4	1,777	-238.03
Net Cash Growth	-	-	-	-77.01%	-	-
Net Cash Per Share	-4.46	-3.62	-2.46	1.02	4.54	-0.79
Filing Date Shares Outstanding	398.41	398.41	399.6	399.6	399.6	299.7
Total Common Shares Outstanding	398.41	398.41	399.6	399.6	399.6	299.7
Working Capital	-299.1	-220	163.47	1,231	2,333	-25.68
Book Value Per Share	0.27	0.88	3.93	6.47	8.80	3.37
Tangible Book Value	-156.9	84.68	1,297	2,325	3,236	712.64
Tangible Book Value Per Share	-0.39	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

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