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	80.32	94.99	176.2	73.43	135.95
Cash & Short-Term Investments	80.32	94.99	176.2	73.43	135.95
Cash Growth	-15.45%	-46.09%	139.97%	-45.99%	217.33%
Accounts Receivable	594.32	467.61	383.22	350.9	315.6
Other Receivables	12.89	6.55	7.67	9.36	8.21
Receivables	607.2	474.16	390.9	360.25	323.82
Inventory	108.7	126.06	94.79	76.76	57.29
Other Current Assets	52.03	48.79	83.68	50.32	31.84
Total Current Assets	848.26	744	745.57	560.76	548.9
Property, Plant & Equipment	1,169	1,144	1,079	519.86	275.41
Long-Term Investments	7	-	-	0.98	0.98
Goodwill	38.49	38.49	38.49	38.49	38.49
Other Intangible Assets	21.81	25.71	17.22	5.04	5.28
Long-Term Deferred Tax Assets	95.88	60.19	46.62	38.82	9.95
Long-Term Deferred Charges	154.31	170.21	91.47	68.02	39.29
Other Long-Term Assets	4.77	4.69	92.53	91.83	51.3
Total Assets	2,339	2,187	2,110	1,324	969.58
Accounts Payable	165.85	166.12	130.77	106.5	87.58
Accrued Expenses	0.57	10.96	3.69	9.31	11.59
Short-Term Debt	682.17	513.07	408.16	404.09	283.88
Current Portion of Long-Term Debt	98.27	100.76	61.72	17.8	7.92
Current Portion of Leases	-	77.04	59.3	55.58	27.46
Current Income Taxes Payable	2.2	0.32	0.09	2.32	3.88
Current Unearned Revenue	9.01	10	15.8	22.88	13.53
Other Current Liabilities	20.12	7	10.6	16.73	19.4
Total Current Liabilities	978.19	885.27	690.12	635.21	455.25
Long-Term Debt	222.49	203.26	222.33	24.18	20.3
Long-Term Leases	67.81	80.06	121.33	122.12	14.72
Long-Term Unearned Revenue	9.99	11.93	9.09	11.1	11.51
Long-Term Deferred Tax Liabilities	23.74	17.75	22.79	23.65	0.13
Other Long-Term Liabilities	11.23	1.19	1.96	0.96	1.22
Total Liabilities	1,313	1,199	1,068	817.23	503.12
Common Stock	84.79	84.79	84.79	72.84	72.84
Additional Paid-In Capital	920.45	831.95	833.92	290.67	288.37
Retained Earnings	14.84	76.49	123.23	139.24	102.76
Treasury Stock	-5.99	-10.6	-2.99	-	-
Comprehensive Income & Other	-0.27	0.18	0	0.01	-
Total Common Equity	1,014	982.81	1,039	502.76	463.98
Minority Interest	12.19	4.87	3.9	3.8	2.48
Shareholders' Equity	1,026	987.68	1,043	506.56	466.46
Total Liabilities & Equity	2,339	2,187	2,110	1,324	969.58
Total Debt	1,071	974.18	872.84	623.77	354.28
Net Cash (Debt)	-990.42	-879.19	-696.63	-550.34	-218.33
Net Cash Per Share	-11.73	-10.35	-8.70	-7.63	-3.50
Filing Date Shares Outstanding	84.79	88.08	84.72	72.84	72.84
Total Common Shares Outstanding	84.79	88.08	84.72	72.84	72.84
Working Capital	-129.93	-141.27	55.44	-74.46	93.65
Book Value Per Share	11.96	11.16	12.26	6.90	6.37
Tangible Book Value	953.51	918.61	983.23	459.23	420.21
Tangible Book Value Per Share	11.25	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.