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	1,531	879.55	483.61	460.14	1,037
Trading Asset Securities	20.07	449.15	-	17.23	-
Cash & Short-Term Investments	1,551	1,329	483.61	477.36	1,037
Cash Growth	16.77%	174.75%	1.31%	-53.97%	255.16%
Accounts Receivable	721.12	598.22	507.72	366.01	150.8
Other Receivables	30.89	30.57	14.54	13.58	15.99
Receivables	752.01	628.79	522.26	379.59	166.79
Inventory	1,406	1,163	1,145	910.88	352.07
Prepaid Expenses	-	-	-	0.13	2.65
Other Current Assets	78.44	54.88	36.92	54.91	31.81
Total Current Assets	3,788	3,175	2,188	1,823	1,590
Property, Plant & Equipment	1,512	1,450	1,206	1,077	520.21
Long-Term Investments	108.49	166.82	118.35	88.59	82.98
Goodwill	377.52	301.18	301.18	301.18	14.65
Other Intangible Assets	154.55	114.05	118.66	100.94	40.52
Long-Term Deferred Tax Assets	175.42	135.94	105.32	59.12	29.62
Long-Term Deferred Charges	140.45	130.41	126.58	128.66	26.07
Other Long-Term Assets	38.06	32.03	27.79	19.39	80.02
Total Assets	6,294	5,505	4,192	3,598	2,385
Accounts Payable	476.98	337.78	293.4	309.96	206.26
Accrued Expenses	120.07	137.12	112.85	108.68	48.04
Short-Term Debt	829.79	539.38	555.07	228.76	6
Current Portion of Long-Term Debt	161.97	52.97	47.32	19.7	-
Current Portion of Leases	-	-	-	31.66	25.16
Current Income Taxes Payable	74.28	47.73	25.91	19.43	10.19
Current Unearned Revenue	86.2	70.6	65.24	58.72	23.33
Other Current Liabilities	28.22	74.6	64.04	45.16	2.76
Total Current Liabilities	1,778	1,260	1,164	822.06	321.73
Long-Term Debt	969.55	951.46	229.23	170.9	-
Long-Term Leases	273.45	329.31	196.19	194.93	165.49
Long-Term Unearned Revenue	62.15	59.73	61.91	61.45	59.97
Long-Term Deferred Tax Liabilities	18.73	-	14.78	16.43	0.92
Other Long-Term Liabilities	7.15	-	-	-	-
Total Liabilities	3,109	2,601	1,666	1,266	548.11
Common Stock	212.1	210.96	150.39	106.98	74.34
Additional Paid-In Capital	1,758	1,676	1,689	1,634	1,326
Retained Earnings	1,038	846.42	663.17	573.65	419.4
Comprehensive Income & Other	128.67	144.26	6.64	5.55	2.25
Total Common Equity	3,136	2,878	2,509	2,320	1,822
Minority Interest	49.69	26.38	17.2	12.05	14.13
Shareholders' Equity	3,186	2,904	2,526	2,332	1,836
Total Liabilities & Equity	6,294	5,505	4,192	3,598	2,385
Total Debt	2,235	1,873	1,028	645.95	196.66
Net Cash (Debt)	-683.28	-544.42	-544.2	-168.59	840.52
Net Cash Growth	-	-	-	-	290.72%
Net Cash Per Share	-3.22	-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	2,010	1,915	1,024	1,001	1,269
Book Value Per Share	14.79	13.64	11.92	11.06	8.93
Tangible Book Value	2,604	2,463	2,089	1,918	1,767
Tangible Book Value Per Share	12.28	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.