SHA:688096 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	-	95.5	179.69	202.55	149.58
Trading Asset Securities	-	-	-	150.6	1.7
Cash & Short-Term Investments	74.43	95.5	179.69	353.15	151.28
Cash Growth	-22.06%	-46.85%	-49.12%	133.44%	-32.94%
Accounts Receivable	-	707.5	753.88	696.51	550.18
Other Receivables	-	10.19	11.85	10.92	14.56
Receivables	-	717.69	765.73	707.43	564.74
Inventory	-	153.21	183.42	113.22	57.19
Other Current Assets	-	92.53	139.56	117.56	64.99
Total Current Assets	-	1,059	1,268	1,291	838.19
Property, Plant & Equipment	-	683.21	517.97	308.53	221.32
Long-Term Investments	-	39.75	37.75	38.55	29.5
Other Intangible Assets	-	14.8	17.05	16.78	12.77
Long-Term Accounts Receivable	-	10.55	7.89	37.59	39.07
Long-Term Deferred Tax Assets	-	27.52	24.49	20.02	12.73
Long-Term Deferred Charges	-	1.01	0.52	0.23	0.03
Other Long-Term Assets	-	6.23	23.3	2.38	9.75
Total Assets	-	1,842	1,897	1,715	1,163
Accounts Payable	-	225.42	302.29	241.48	163.04
Accrued Expenses	-	16.99	13.25	10.71	9.66
Short-Term Debt	-	281.97	242.39	194.81	127.65
Current Portion of Long-Term Debt	-	54.96	12.33	5.25	0.56
Current Portion of Leases	-	0.32	1.15	1.29	0.19
Current Income Taxes Payable	-	1.18	-	8.77	8.18
Current Unearned Revenue	-	0.38	0.01	1.22	-
Other Current Liabilities	-	29.21	32.52	27.93	14.01
Total Current Liabilities	-	610.43	603.94	491.46	323.3
Long-Term Debt	-	430.5	458.23	332.18	41.32
Long-Term Leases	-	-	0.22	1.36	-
Long-Term Unearned Revenue	-	12	13.6	15.2	-
Long-Term Deferred Tax Liabilities	-	2.52	5.71	8.88	0.03
Other Long-Term Liabilities	-	4.59	3.93	5.89	5.4
Total Liabilities	-	1,060	1,086	854.98	370.05
Common Stock	-	152.36	151.19	108	107.29
Additional Paid-In Capital	-	423.36	416.89	463.4	451.44
Retained Earnings	-	174.14	198.87	244.3	234.58
Treasury Stock	-	-13	-	-	-
Comprehensive Income & Other	-	44	44	44	-
Total Common Equity	920.14	780.87	810.95	859.7	793.32
Minority Interest	-	1.07	0.77	0.75	-
Shareholders' Equity	923.62	781.93	811.73	860.45	793.32
Total Liabilities & Equity	-	1,842	1,897	1,715	1,163
Total Debt	566.65	767.75	714.32	534.9	169.73
Net Cash (Debt)	-492.23	-672.25	-534.64	-181.76	-18.45
Net Cash Per Share	-2.13	-3.11	-2.48	-0.86	-0.09
Filing Date Shares Outstanding	353.65	226.64	211.67	211.67	210.3
Total Common Shares Outstanding	233.75	210.11	211.67	211.67	210.3
Working Capital	-	448.49	664.45	799.9	514.89
Book Value Per Share	3.94	3.72	3.83	4.06	3.77
Tangible Book Value	906.78	766.07	793.9	842.92	780.55
Tangible Book Value Per Share	3.88	3.65	3.75	3.98	3.71
Buildings	-	366.13	245.57	190.52	56.42
Machinery	-	399.98	114.63	107.57	23.74
Construction In Progress	-	1.7	210.25	38.42	158.09

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