SHA:688131 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	-	879.55	483.61	460.14	1,037
Trading Asset Securities	-	449.15	-	17.23	-
Cash & Short-Term Investments	1,469	1,329	483.61	477.36	1,037
Cash Growth	10.56%	174.75%	1.31%	-53.97%	255.16%
Accounts Receivable	-	598.22	507.72	366.01	150.8
Other Receivables	-	30.57	14.54	13.58	15.99
Receivables	-	628.79	522.26	379.59	166.79
Inventory	-	1,163	1,145	910.88	352.07
Prepaid Expenses	-	-	-	0.13	2.65
Other Current Assets	-	54.88	36.92	54.91	31.81
Total Current Assets	-	3,175	2,188	1,823	1,590
Property, Plant & Equipment	-	1,450	1,206	1,077	520.21
Long-Term Investments	-	166.82	118.35	88.59	82.98
Goodwill	-	301.18	301.18	301.18	14.65
Other Intangible Assets	-	114.05	118.66	100.94	40.52
Long-Term Deferred Tax Assets	-	135.94	105.32	59.12	29.62
Long-Term Deferred Charges	-	130.41	126.58	128.66	26.07
Other Long-Term Assets	-	32.03	27.79	19.39	80.02
Total Assets	-	5,505	4,192	3,598	2,385
Accounts Payable	-	337.78	293.4	309.96	206.26
Accrued Expenses	-	137.12	112.85	108.68	48.04
Short-Term Debt	-	539.38	555.07	228.76	6
Current Portion of Long-Term Debt	-	52.97	47.32	19.7	-
Current Portion of Leases	-	-	-	31.66	25.16
Current Income Taxes Payable	-	47.73	25.91	19.43	10.19
Current Unearned Revenue	-	70.6	65.24	58.72	23.33
Other Current Liabilities	-	74.6	64.04	45.16	2.76
Total Current Liabilities	-	1,260	1,164	822.06	321.73
Long-Term Debt	-	951.46	229.23	170.9	-
Long-Term Leases	-	329.31	196.19	194.93	165.49
Long-Term Unearned Revenue	-	59.73	61.91	61.45	59.97
Long-Term Deferred Tax Liabilities	-	-	14.78	16.43	0.92
Total Liabilities	-	2,601	1,666	1,266	548.11
Common Stock	-	210.96	150.39	106.98	74.34
Additional Paid-In Capital	-	1,676	1,689	1,634	1,326
Retained Earnings	-	846.42	663.17	573.65	419.4
Comprehensive Income & Other	-	144.26	6.64	5.55	2.25
Total Common Equity	3,112	2,878	2,509	2,320	1,822
Minority Interest	-	26.38	17.2	12.05	14.13
Shareholders' Equity	3,134	2,904	2,526	2,332	1,836
Total Liabilities & Equity	-	5,505	4,192	3,598	2,385
Total Debt	2,180	1,873	1,028	645.95	196.66
Net Cash (Debt)	-710.62	-544.42	-544.2	-168.59	840.52
Net Cash Growth	-	-	-	-	290.72%
Net Cash Per Share	-3.36	-2.59	-2.60	-0.83	4.72
Filing Date Shares Outstanding	212.1	210.96	210.54	209.69	203.99
Total Common Shares Outstanding	212.1	210.96	210.54	209.69	203.99
Working Capital	-	1,915	1,024	1,001	1,269
Book Value Per Share	14.67	13.64	11.92	11.06	8.93
Tangible Book Value	2,703	2,463	2,089	1,918	1,767
Tangible Book Value Per Share	12.74	11.67	9.92	9.15	8.66
Buildings	-	369.09	330.72	314.38	145.63
Machinery	-	805.07	741.14	433.98	125.48
Construction In Progress	-	272.75	152.13	246.82	115.85

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