SHA:688096 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	140.69	117.04	95.5	179.69	202.55	149.58
Trading Asset Securities	-	-	-	-	150.6	1.7
Cash & Short-Term Investments	140.69	117.04	95.5	179.69	353.15	151.28
Cash Growth	-7.48%	22.56%	-46.85%	-49.12%	133.44%	-32.94%
Accounts Receivable	700.23	741.13	707.5	753.88	696.51	550.18
Other Receivables	5.77	6.24	10.19	11.85	10.92	14.56
Receivables	705.99	747.37	717.69	765.73	707.43	564.74
Inventory	170.13	175.4	153.21	183.42	113.22	57.19
Other Current Assets	173.81	90.8	92.53	139.56	117.56	64.99
Total Current Assets	1,191	1,131	1,059	1,268	1,291	838.19
Property, Plant & Equipment	634.64	649.95	683.21	517.97	308.53	221.32
Long-Term Investments	40.72	40.17	39.75	37.75	38.55	29.5
Other Intangible Assets	12.57	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	25.86	26.36	27.52	24.49	20.02	12.73
Long-Term Deferred Charges	3.44	1.7	1.01	0.52	0.23	0.03
Other Long-Term Assets	14.68	14.1	6.23	23.3	2.38	9.75
Total Assets	1,923	1,876	1,842	1,897	1,715	1,163
Accounts Payable	304.15	360.05	225.42	302.29	241.48	163.04
Accrued Expenses	6.6	8.17	16.99	13.25	10.71	9.66
Short-Term Debt	299	275.98	281.97	242.39	194.81	127.65
Current Portion of Long-Term Debt	38.5	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	0.87	0.95	1.18	-	8.77	8.18
Current Unearned Revenue	19.07	2.34	0.38	0.01	1.22	-
Other Current Liabilities	148.41	55.71	29.21	32.52	27.93	14.01
Total Current Liabilities	816.61	754.8	610.43	603.94	491.46	323.3
Long-Term Debt	246.1	255.6	430.5	458.23	332.18	41.32
Long-Term Leases	1.4	1.61	-	0.22	1.36	-
Long-Term Unearned Revenue	10	10.4	12	13.6	15.2	-
Long-Term Deferred Tax Liabilities	0.25	0.29	2.52	5.71	8.88	0.03
Other Long-Term Liabilities	-	-	4.59	3.93	5.89	5.4
Total Liabilities	1,074	1,023	1,060	1,086	854.98	370.05
Common Stock	236.04	236.04	152.36	151.19	108	107.29
Additional Paid-In Capital	527.47	527.47	423.36	416.89	463.4	451.44
Retained Earnings	76.11	80.76	174.14	198.87	244.3	234.58
Treasury Stock	-13	-13	-13	-	-	-
Comprehensive Income & Other	19.06	19.05	44	44	44	-
Total Common Equity	845.68	850.32	780.87	810.95	859.7	793.32
Minority Interest	2.49	2.91	1.07	0.77	0.75	-
Shareholders' Equity	848.17	853.23	781.93	811.73	860.45	793.32
Total Liabilities & Equity	1,923	1,876	1,842	1,897	1,715	1,163
Total Debt	585	584.79	767.75	714.32	534.9	169.73
Net Cash (Debt)	-444.31	-467.75	-672.25	-534.64	-181.76	-18.45
Net Cash Per Share	-1.85	-2.04	-3.11	-2.48	-0.86	-0.09
Filing Date Shares Outstanding	233.76	349.13	226.64	211.67	211.67	210.3
Total Common Shares Outstanding	233.76	349.13	210.11	211.67	211.67	210.3
Working Capital	374.01	375.8	448.49	664.45	799.9	514.89
Book Value Per Share	3.62	2.44	3.72	3.83	4.06	3.77
Tangible Book Value	833.11	837.28	766.07	793.9	842.92	780.55
Tangible Book Value Per Share	3.56	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.