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	117.04	95.5	179.69	202.55	149.58
Trading Asset Securities	-	-	-	150.6	1.7
Cash & Short-Term Investments	117.04	95.5	179.69	353.15	151.28
Cash Growth	22.56%	-46.85%	-49.12%	133.44%	-32.94%
Accounts Receivable	741.13	707.5	753.88	696.51	550.18
Other Receivables	6.24	10.19	11.85	10.92	14.56
Receivables	747.37	717.69	765.73	707.43	564.74
Inventory	175.4	153.21	183.42	113.22	57.19
Other Current Assets	90.8	92.53	139.56	117.56	64.99
Total Current Assets	1,131	1,059	1,268	1,291	838.19
Property, Plant & Equipment	649.95	683.21	517.97	308.53	221.32
Long-Term Investments	40.17	39.75	37.75	38.55	29.5
Other Intangible Assets	13.04	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	26.36	27.52	24.49	20.02	12.73
Long-Term Deferred Charges	1.7	1.01	0.52	0.23	0.03
Other Long-Term Assets	14.1	6.23	23.3	2.38	9.75
Total Assets	1,876	1,842	1,897	1,715	1,163
Accounts Payable	360.05	225.42	302.29	241.48	163.04
Accrued Expenses	8.17	16.99	13.25	10.71	9.66
Short-Term Debt	275.98	281.97	242.39	194.81	127.65
Current Portion of Long-Term Debt	51.6	54.96	12.33	5.25	0.56
Current Portion of Leases	-	0.32	1.15	1.29	0.19
Current Income Taxes Payable	0.95	1.18	-	8.77	8.18
Current Unearned Revenue	2.34	0.38	0.01	1.22	-
Other Current Liabilities	55.71	29.21	32.52	27.93	14.01
Total Current Liabilities	754.8	610.43	603.94	491.46	323.3
Long-Term Debt	255.6	430.5	458.23	332.18	41.32
Long-Term Leases	1.61	-	0.22	1.36	-
Long-Term Unearned Revenue	10.4	12	13.6	15.2	-
Long-Term Deferred Tax Liabilities	0.29	2.52	5.71	8.88	0.03
Other Long-Term Liabilities	-	4.59	3.93	5.89	5.4
Total Liabilities	1,023	1,060	1,086	854.98	370.05
Common Stock	236.04	152.36	151.19	108	107.29
Additional Paid-In Capital	527.47	423.36	416.89	463.4	451.44
Retained Earnings	80.76	174.14	198.87	244.3	234.58
Treasury Stock	-13	-13	-	-	-
Comprehensive Income & Other	19.05	44	44	44	-
Total Common Equity	850.32	780.87	810.95	859.7	793.32
Minority Interest	2.91	1.07	0.77	0.75	-
Shareholders' Equity	853.23	781.93	811.73	860.45	793.32
Total Liabilities & Equity	1,876	1,842	1,897	1,715	1,163
Total Debt	584.79	767.75	714.32	534.9	169.73
Net Cash (Debt)	-467.75	-672.25	-534.64	-181.76	-18.45
Net Cash Per Share	-2.04	-3.11	-2.48	-0.86	-0.09
Filing Date Shares Outstanding	349.13	226.64	211.67	211.67	210.3
Total Common Shares Outstanding	349.13	210.11	211.67	211.67	210.3
Working Capital	375.8	448.49	664.45	799.9	514.89
Book Value Per Share	2.44	3.72	3.83	4.06	3.77
Tangible Book Value	837.28	766.07	793.9	842.92	780.55
Tangible Book Value Per Share	2.40	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

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