SHA:688079 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	115.67	125.11	142.33	139.55	334.79	424.56
Trading Asset Securities	-	100.07	-	-	1.02	201.25
Cash & Short-Term Investments	115.67	225.18	142.33	139.55	335.81	625.81
Cash Growth	32.70%	58.21%	1.99%	-58.44%	-46.34%	687.14%
Accounts Receivable	113.66	145.68	106.79	35.58	31.26	55.64
Other Receivables	19.46	20.9	14.1	4.06	4.47	1.3
Receivables	133.12	166.58	120.9	39.63	35.73	56.94
Inventory	118.82	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	56.68	56.23	46.45	40.28	30.19	36.73
Total Current Assets	424.29	547.02	412.15	292.92	470.38	788.15
Property, Plant & Equipment	2,522	2,483	2,298	1,613	1,166	886.29
Long-Term Investments	38.08	43.25	43.6	39.95	13.58	-
Other Intangible Assets	133.66	133.87	133.4	136.7	138.49	47.84
Long-Term Deferred Tax Assets	99.26	91.65	52.11	28.73	9.26	4.76
Long-Term Deferred Charges	1.1	1.45	2.52	2.58	1.83	-
Other Long-Term Assets	102.88	73.88	96.32	163.13	109.12	81.76
Total Assets	3,321	3,374	3,038	2,277	1,909	1,809
Accounts Payable	253.07	79.47	72.94	41.72	24.03	21.9
Accrued Expenses	25.7	27.74	21.52	18.44	17.95	15.94
Short-Term Debt	279.01	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	3.66	4.68	7.86	22.19	0.97	0.5
Other Current Liabilities	315.1	220.9	200.49	96.52	64.71	61.61
Total Current Liabilities	876.55	946.14	733.69	356.07	214.96	196.13
Long-Term Debt	581.13	1,069	873.87	392.28	89.73	-
Long-Term Leases	0.1	0.04	0.05	0.06	0.01	0.06
Long-Term Unearned Revenue	45.15	43.86	28.66	25.74	11.67	4.87
Long-Term Deferred Tax Liabilities	1.69	1.72	-	-	0.15	0.19
Other Long-Term Liabilities	534.25	3.18	5.6	-	-	-
Total Liabilities	2,039	2,064	1,642	774.14	316.52	201.25
Common Stock	411.47	410.86	406.74	401.33	401.33	401.33
Additional Paid-In Capital	959.66	947.41	885.36	885.95	884.04	881.59
Retained Earnings	-97.82	-56.33	100.21	202.06	286.51	294.36
Treasury Stock	-26.44	-26.44	-32.54	-26.88	-22.67	-
Comprehensive Income & Other	1.75	0.94	0.21	0.39	0.43	0.31
Total Common Equity	1,249	1,276	1,360	1,463	1,550	1,578
Minority Interest	33.76	34.24	36.62	40.24	42.92	29.95
Shareholders' Equity	1,282	1,311	1,397	1,503	1,593	1,608
Total Liabilities & Equity	3,321	3,374	3,038	2,277	1,909	1,809
Total Debt	860.24	1,682	1,305	569.53	197.04	92.92
Net Cash (Debt)	-744.57	-1,457	-1,162	-429.98	138.77	532.89
Net Cash Growth	-	-	-	-	-73.96%	-
Net Cash Per Share	-1.84	-3.63	-2.97	-1.07	0.38	1.39
Filing Date Shares Outstanding	414.87	437.51	403.32	398.73	399.14	401.33
Total Common Shares Outstanding	414.87	437.51	403.32	398.73	399.14	401.33
Working Capital	-452.27	-399.12	-321.54	-63.15	255.41	592.02
Book Value Per Share	3.01	2.92	3.37	3.67	3.88	3.93
Tangible Book Value	1,115	1,143	1,227	1,326	1,411	1,530
Tangible Book Value Per Share	2.69	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

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