SHA:688079 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	125.11	142.33	139.55	334.79	424.56
Trading Asset Securities	100.07	-	-	1.02	201.25
Cash & Short-Term Investments	225.18	142.33	139.55	335.81	625.81
Cash Growth	58.21%	1.99%	-58.44%	-46.34%	687.14%
Accounts Receivable	145.68	106.79	35.58	31.26	55.64
Other Receivables	20.9	14.1	4.06	4.47	1.3
Receivables	166.58	120.9	39.63	35.73	56.94
Inventory	98.4	101.72	72.76	68.48	65.9
Prepaid Expenses	0.63	0.75	0.7	0.17	2.76
Other Current Assets	56.23	46.45	40.28	30.19	36.73
Total Current Assets	547.02	412.15	292.92	470.38	788.15
Property, Plant & Equipment	2,483	2,298	1,613	1,166	886.29
Long-Term Investments	43.25	43.6	39.95	13.58	-
Other Intangible Assets	133.87	133.4	136.7	138.49	47.84
Long-Term Deferred Tax Assets	91.65	52.11	28.73	9.26	4.76
Long-Term Deferred Charges	1.45	2.52	2.58	1.83	-
Other Long-Term Assets	73.88	96.32	163.13	109.12	81.76
Total Assets	3,374	3,038	2,277	1,909	1,809
Accounts Payable	79.47	72.94	41.72	24.03	21.9
Accrued Expenses	27.74	21.52	18.44	17.95	15.94
Short-Term Debt	346.08	244.48	130.21	106.88	7.01
Current Portion of Long-Term Debt	265.16	186.34	46.85	0.22	85.79
Current Portion of Leases	2.11	0.05	0.13	0.2	0.06
Current Income Taxes Payable	-	-	-	-	3.31
Current Unearned Revenue	4.68	7.86	22.19	0.97	0.5
Other Current Liabilities	220.9	200.49	96.52	64.71	61.61
Total Current Liabilities	946.14	733.69	356.07	214.96	196.13
Long-Term Debt	1,069	873.87	392.28	89.73	-
Long-Term Leases	0.04	0.05	0.06	0.01	0.06
Long-Term Unearned Revenue	43.86	28.66	25.74	11.67	4.87
Long-Term Deferred Tax Liabilities	1.72	-	-	0.15	0.19
Other Long-Term Liabilities	3.18	5.6	-	-	-
Total Liabilities	2,064	1,642	774.14	316.52	201.25
Common Stock	410.86	406.74	401.33	401.33	401.33
Additional Paid-In Capital	947.41	885.36	885.95	884.04	881.59
Retained Earnings	-56.33	100.21	202.06	286.51	294.36
Treasury Stock	-26.44	-32.54	-26.88	-22.67	-
Comprehensive Income & Other	0.94	0.21	0.39	0.43	0.31
Total Common Equity	1,276	1,360	1,463	1,550	1,578
Minority Interest	34.24	36.62	40.24	42.92	29.95
Shareholders' Equity	1,311	1,397	1,503	1,593	1,608
Total Liabilities & Equity	3,374	3,038	2,277	1,909	1,809
Total Debt	1,682	1,305	569.53	197.04	92.92
Net Cash (Debt)	-1,457	-1,162	-429.98	138.77	532.89
Net Cash Growth	-	-	-	-73.96%	-
Net Cash Per Share	-3.63	-2.97	-1.07	0.38	1.39
Filing Date Shares Outstanding	437.51	403.32	398.73	399.14	401.33
Total Common Shares Outstanding	437.51	403.32	398.73	399.14	401.33
Working Capital	-399.12	-321.54	-63.15	255.41	592.02
Book Value Per Share	2.92	3.37	3.67	3.88	3.93
Tangible Book Value	1,143	1,227	1,326	1,411	1,530
Tangible Book Value Per Share	2.61	3.04	3.33	3.54	3.81
Buildings	452.66	405.57	313.6	299.29	261.75
Machinery	2,112	1,564	1,223	806.8	609.4
Construction In Progress	684.95	809.99	418.33	290.62	176.86

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