SHA:688108 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	396.41	291.67	188.64	203.42	287.76
Cash & Short-Term Investments	396.41	291.67	188.64	203.42	287.76
Cash Growth	35.91%	54.62%	-7.27%	-29.31%	-47.18%
Accounts Receivable	25.14	7.47	8.94	20.28	12
Other Receivables	6.3	11.42	0.49	0.53	0.86
Receivables	31.45	18.9	9.43	20.82	12.86
Inventory	88.79	89.51	118.22	98.13	84.88
Prepaid Expenses	-	0	0.01	-	-
Other Current Assets	3.74	3.31	27.88	32.54	45.3
Total Current Assets	520.39	403.39	344.18	354.9	430.8
Property, Plant & Equipment	108.68	135.79	165.95	176.77	172.58
Long-Term Investments	-	-	14	18.95	33.65
Goodwill	46.22	46.22	-	-	-
Other Intangible Assets	170.53	189.31	53.4	52.87	73.92
Long-Term Deferred Tax Assets	85.59	111.88	105.33	91.78	44.17
Long-Term Deferred Charges	417.79	413.88	375.91	369.2	333.07
Other Long-Term Assets	0.48	0.08	127.05	3.14	14.89
Total Assets	1,350	1,301	1,186	1,068	1,103
Accounts Payable	33.03	13.94	20.12	13.41	8.57
Accrued Expenses	33.97	70.64	57.65	62.19	55.18
Short-Term Debt	48.44	53.05	53.55	35.54	5.01
Current Portion of Long-Term Debt	148.46	4.56	0.76	-	-
Current Portion of Leases	-	11.51	14.96	10.95	11.78
Current Income Taxes Payable	8.27	0.02	-	-	-
Current Unearned Revenue	1.59	1.87	1.12	0.79	0.41
Other Current Liabilities	59.99	36.43	3.12	9.3	11.6
Total Current Liabilities	333.75	192.02	151.27	132.18	92.56
Long-Term Debt	-	137	105.3	-	-
Long-Term Leases	14.83	18.99	24.92	11.83	27.49
Long-Term Unearned Revenue	5.7	13.32	21	2	1.94
Long-Term Deferred Tax Liabilities	35.56	40.89	20.22	22.72	21.47
Other Long-Term Liabilities	-	-	1.46	11.4	14.47
Total Liabilities	389.84	402.22	324.17	180.13	157.92
Common Stock	416.05	413.46	410	410	410
Additional Paid-In Capital	663.36	651.98	608.92	596.87	527.37
Retained Earnings	-152.15	-199.44	-200.94	-161.31	-8.44
Comprehensive Income & Other	0.39	0.89	1.97	1.52	-1.09
Total Common Equity	927.64	866.89	819.96	847.08	927.84
Minority Interest	32.18	31.45	41.69	40.4	17.33
Shareholders' Equity	959.83	898.34	861.65	887.48	945.16
Total Liabilities & Equity	1,350	1,301	1,186	1,068	1,103
Total Debt	211.73	225.11	199.49	58.31	44.27
Net Cash (Debt)	184.68	66.56	-10.85	145.11	243.48
Net Cash Growth	177.44%	-	-	-40.40%	-55.31%
Net Cash Per Share	0.43	0.18	-0.03	0.36	0.60
Filing Date Shares Outstanding	452.42	413.46	410	410	410
Total Common Shares Outstanding	452.42	413.46	410	410	410
Working Capital	186.64	211.37	192.9	222.72	338.24
Book Value Per Share	2.05	2.10	2.00	2.07	2.26
Tangible Book Value	710.9	631.36	766.55	794.21	853.92
Tangible Book Value Per Share	1.57	1.53	1.87	1.94	2.08
Machinery	-	265.54	286	278.74	226.45
Construction In Progress	-	1.17	1.55	6.66	11.92

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