SHA:688077 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	240.28	196.55	242.82	413.82	293.22
Short-Term Investments	-	64.35	40	-	-
Trading Asset Securities	37.82	91.93	40.84	141.06	142.28
Cash & Short-Term Investments	278.1	352.83	323.66	554.88	435.5
Cash Growth	-21.18%	9.01%	-41.67%	27.41%	-9.22%
Accounts Receivable	550.21	471.88	465.91	670.29	618.05
Other Receivables	1.55	1.69	1.77	2.87	3.08
Receivables	551.77	473.57	467.68	673.17	621.13
Inventory	585.32	476.6	357.11	586.69	484.25
Prepaid Expenses	4.29	0.27	0.05	1.45	0.05
Other Current Assets	35.74	49.65	17.14	11.45	19.91
Total Current Assets	1,455	1,353	1,166	1,828	1,561
Property, Plant & Equipment	878.51	887.53	886.93	708.33	477.87
Long-Term Investments	110.46	103.49	99.57	137.72	85.96
Goodwill	5.48	5.63	7.35	2.92	2.92
Other Intangible Assets	88.36	90.04	91.7	92.58	40.91
Long-Term Deferred Tax Assets	67.87	57.44	40.33	20.73	17.85
Long-Term Deferred Charges	2.61	0.48	0.73	0.69	1.28
Other Long-Term Assets	60.22	38.07	14.43	26.4	30.8
Total Assets	2,669	2,536	2,307	2,817	2,218
Accounts Payable	222.26	179.51	128.93	449.99	562
Accrued Expenses	66.37	64.87	61.73	63.97	58.6
Short-Term Debt	644.45	593.19	516.63	745.08	328.22
Current Portion of Long-Term Debt	35.91	26.16	45.39	36.81	13.68
Current Portion of Leases	4	4.26	4.31	3.23	0.03
Current Income Taxes Payable	0.41	9.01	0.15	1.54	4.92
Current Unearned Revenue	13.5	2.38	1.28	4.15	3.92
Other Current Liabilities	113.54	131.71	147.23	41.64	34.53
Total Current Liabilities	1,100	1,011	905.64	1,346	1,006
Long-Term Debt	196.92	232.82	149.57	146.3	54.4
Long-Term Leases	1.8	5.83	9.88	9.39	-
Long-Term Unearned Revenue	246.61	198.26	117.68	97.94	66.84
Long-Term Deferred Tax Liabilities	-	-	-	-	4.39
Total Liabilities	1,546	1,448	1,183	1,600	1,132
Common Stock	114.48	114.48	113.12	80.78	80
Additional Paid-In Capital	528.42	527.86	509.87	534.47	502.46
Retained Earnings	519.53	484.2	472.31	563.58	466.64
Treasury Stock	-62.53	-62.21	-	-	-
Comprehensive Income & Other	-0.29	-0.77	0.23	0.05	-0.07
Total Common Equity	1,100	1,064	1,096	1,179	1,049
Minority Interest	23.36	24.06	28.37	38.12	37.86
Shareholders' Equity	1,123	1,088	1,124	1,217	1,087
Total Liabilities & Equity	2,669	2,536	2,307	2,817	2,218
Total Debt	883.09	862.26	725.77	940.8	396.33
Net Cash (Debt)	-604.99	-509.43	-402.11	-385.92	39.17
Net Cash Growth	-	-	-	-	-91.19%
Net Cash Per Share	-5.27	-4.48	-3.57	-3.40	0.35
Filing Date Shares Outstanding	110.41	110.41	113.12	113.09	112
Total Common Shares Outstanding	110.41	110.43	113.12	113.09	112
Working Capital	354.78	341.85	260	481.25	554.93
Book Value Per Share	9.96	9.63	9.68	10.42	9.37
Tangible Book Value	1,006	967.89	996.48	1,083	1,005
Tangible Book Value Per Share	9.11	8.76	8.81	9.58	8.98
Buildings	541.57	531.74	411.16	199.62	190.78
Machinery	703.94	652.61	571.6	424.7	378.15
Construction In Progress	39.73	31.27	164.1	283.33	92.64

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