SHA:688071 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	-	94.99	176.2	73.43	135.95
Cash & Short-Term Investments	61.54	94.99	176.2	73.43	135.95
Cash Growth	-35.22%	-46.09%	139.97%	-45.99%	217.33%
Accounts Receivable	-	467.61	383.22	350.9	315.6
Other Receivables	-	6.55	7.67	9.36	8.21
Receivables	-	474.16	390.9	360.25	323.82
Inventory	-	126.06	94.79	76.76	57.29
Other Current Assets	-	48.79	83.68	50.32	31.84
Total Current Assets	-	744	745.57	560.76	548.9
Property, Plant & Equipment	-	1,144	1,079	519.86	275.41
Long-Term Investments	-	-	-	0.98	0.98
Goodwill	-	38.49	38.49	38.49	38.49
Other Intangible Assets	-	25.71	17.22	5.04	5.28
Long-Term Deferred Tax Assets	-	60.19	46.62	38.82	9.95
Long-Term Deferred Charges	-	170.21	91.47	68.02	39.29
Other Long-Term Assets	-	4.69	92.53	91.83	51.3
Total Assets	-	2,187	2,110	1,324	969.58
Accounts Payable	-	166.12	130.77	106.5	87.58
Accrued Expenses	-	10.96	3.69	9.31	11.59
Short-Term Debt	-	513.07	408.16	404.09	283.88
Current Portion of Long-Term Debt	-	100.76	61.72	17.8	7.92
Current Portion of Leases	-	77.04	59.3	55.58	27.46
Current Income Taxes Payable	-	0.32	0.09	2.32	3.88
Current Unearned Revenue	-	10	15.8	22.88	13.53
Other Current Liabilities	-	7	10.6	16.73	19.4
Total Current Liabilities	-	885.27	690.12	635.21	455.25
Long-Term Debt	-	203.26	222.33	24.18	20.3
Long-Term Leases	-	80.06	121.33	122.12	14.72
Long-Term Unearned Revenue	-	11.93	9.09	11.1	11.51
Long-Term Deferred Tax Liabilities	-	17.75	22.79	23.65	0.13
Other Long-Term Liabilities	-	1.19	1.96	0.96	1.22
Total Liabilities	-	1,199	1,068	817.23	503.12
Common Stock	-	84.79	84.79	72.84	72.84
Additional Paid-In Capital	-	831.95	833.92	290.67	288.37
Retained Earnings	-	76.49	123.23	139.24	102.76
Treasury Stock	-	-10.6	-2.99	-	-
Comprehensive Income & Other	-	0.18	0	0.01	-
Total Common Equity	1,059	982.81	1,039	502.76	463.98
Minority Interest	-	4.87	3.9	3.8	2.48
Shareholders' Equity	1,066	987.68	1,043	506.56	466.46
Total Liabilities & Equity	-	2,187	2,110	1,324	969.58
Total Debt	1,006	974.18	872.84	623.77	354.28
Net Cash (Debt)	-944.79	-879.19	-696.63	-550.34	-218.33
Net Cash Per Share	-11.17	-10.35	-8.70	-7.63	-3.50
Filing Date Shares Outstanding	87.32	88.08	84.72	72.84	72.84
Total Common Shares Outstanding	84.79	88.08	84.72	72.84	72.84
Working Capital	-	-141.27	55.44	-74.46	93.65
Book Value Per Share	12.49	11.16	12.26	6.90	6.37
Tangible Book Value	997	918.61	983.23	459.23	420.21
Tangible Book Value Per Share	11.76	10.43	11.61	6.30	5.77
Buildings	-	13.25	11.19	11.19	-
Machinery	-	869.16	647.97	355.16	252.74
Construction In Progress	-	352.94	409.86	109.55	43.36

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