SHA:688071 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	105.43	80.32	94.99	176.2	73.43	135.95
Cash & Short-Term Investments	105.43	80.32	94.99	176.2	73.43	135.95
Cash Growth	9.72%	-15.45%	-46.09%	139.97%	-45.99%	217.33%
Accounts Receivable	660.1	594.32	467.61	383.22	350.9	315.6
Other Receivables	16.88	12.89	6.55	7.67	9.36	8.21
Receivables	676.98	607.2	474.16	390.9	360.25	323.82
Inventory	98.64	108.7	126.06	94.79	76.76	57.29
Other Current Assets	46.1	52.03	48.79	83.68	50.32	31.84
Total Current Assets	927.16	848.26	744	745.57	560.76	548.9
Property, Plant & Equipment	1,155	1,169	1,144	1,079	519.86	275.41
Long-Term Investments	10	7	-	-	0.98	0.98
Goodwill	38.49	38.49	38.49	38.49	38.49	38.49
Other Intangible Assets	21.8	21.81	25.71	17.22	5.04	5.28
Long-Term Deferred Tax Assets	94.31	95.88	60.19	46.62	38.82	9.95
Long-Term Deferred Charges	155.1	154.31	170.21	91.47	68.02	39.29
Other Long-Term Assets	2.71	4.77	4.69	92.53	91.83	51.3
Total Assets	2,404	2,339	2,187	2,110	1,324	969.58
Accounts Payable	174.82	165.85	166.12	130.77	106.5	87.58
Accrued Expenses	0.58	1.51	10.96	3.69	9.31	11.59
Short-Term Debt	697.81	682.17	513.07	408.16	404.09	283.88
Current Portion of Long-Term Debt	116.82	35.43	100.76	61.72	17.8	7.92
Current Portion of Leases	-	62.85	77.04	59.3	55.58	27.46
Current Income Taxes Payable	5.04	0.56	0.32	0.09	2.32	3.88
Current Unearned Revenue	10.57	9.01	10	15.8	22.88	13.53
Other Current Liabilities	17.67	20.82	7	10.6	16.73	19.4
Total Current Liabilities	1,023	978.19	885.27	690.12	635.21	455.25
Long-Term Debt	253.78	222.49	203.26	222.33	24.18	20.3
Long-Term Leases	59.86	79.04	80.06	121.33	122.12	14.72
Long-Term Unearned Revenue	9.51	9.99	11.93	9.09	11.1	11.51
Long-Term Deferred Tax Liabilities	22.05	23.74	17.75	22.79	23.65	0.13
Other Long-Term Liabilities	11.48	-	1.19	1.96	0.96	1.22
Total Liabilities	1,380	1,313	1,199	1,068	817.23	503.12
Common Stock	84.79	84.79	84.79	84.79	72.84	72.84
Additional Paid-In Capital	921.08	920.45	831.95	833.92	290.67	288.37
Retained Earnings	16.19	14.84	76.49	123.23	139.24	102.76
Treasury Stock	-5.99	-5.99	-10.6	-2.99	-	-
Comprehensive Income & Other	-4.41	-0.27	0.18	0	0.01	-
Total Common Equity	1,012	1,014	982.81	1,039	502.76	463.98
Minority Interest	12.46	12.19	4.87	3.9	3.8	2.48
Shareholders' Equity	1,024	1,026	987.68	1,043	506.56	466.46
Total Liabilities & Equity	2,404	2,339	2,187	2,110	1,324	969.58
Total Debt	1,128	1,082	974.18	872.84	623.77	354.28
Net Cash (Debt)	-1,023	-1,002	-879.19	-696.63	-550.34	-218.33
Net Cash Per Share	-12.34	-11.86	-10.35	-8.70	-7.63	-3.50
Filing Date Shares Outstanding	67.54	84.79	88.08	84.72	72.84	72.84
Total Common Shares Outstanding	67.54	84.79	88.08	84.72	72.84	72.84
Working Capital	-96.16	-129.93	-141.27	55.44	-74.46	93.65
Book Value Per Share	14.98	11.96	11.16	12.26	6.90	6.37
Tangible Book Value	951.37	953.51	918.61	983.23	459.23	420.21
Tangible Book Value Per Share	14.09	11.25	10.43	11.61	6.30	5.77
Buildings	-	13.25	13.25	11.19	11.19	-
Machinery	-	940.99	869.16	647.97	355.16	252.74
Construction In Progress	-	383.29	352.94	409.86	109.55	43.36

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