SHA:688135 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	-	445.61	103.56	222.41	136.06
Cash & Short-Term Investments	250.59	445.61	103.56	222.41	136.06
Cash Growth	-43.76%	330.27%	-53.44%	63.46%	-71.26%
Accounts Receivable	-	147.53	165.71	142.86	99.67
Other Receivables	-	5.78	7.66	1.99	4.03
Receivables	-	153.31	173.37	144.85	103.7
Inventory	-	25.88	20.9	24.95	20.82
Prepaid Expenses	-	-	0.8	0.63	0.62
Other Current Assets	-	89.73	62.29	31.37	41.14
Total Current Assets	-	714.52	360.92	424.2	302.35
Property, Plant & Equipment	-	1,558	1,396	1,105	864.3
Long-Term Investments	-	29.23	16.7	10	10
Goodwill	-	24.42	32.52	32.52	-
Other Intangible Assets	-	82.11	83.04	25.06	25.87
Long-Term Deferred Tax Assets	-	51.56	52.97	23.93	9.02
Long-Term Deferred Charges	-	82.02	53.49	40.81	30.25
Other Long-Term Assets	-	50.52	78.89	32.73	18.27
Total Assets	-	2,593	2,074	1,694	1,260
Accounts Payable	-	12.07	9.27	8.07	7.7
Accrued Expenses	-	42.73	49.89	39.92	24.59
Short-Term Debt	-	70.07	83.5	70.3	34.7
Current Portion of Long-Term Debt	-	96.5	88.64	62.38	5.72
Current Portion of Leases	-	113.72	85.57	39.94	8.26
Current Income Taxes Payable	-	4.24	4.08	0.48	1.24
Current Unearned Revenue	-	0.2	0.13	-	-
Other Current Liabilities	-	78.26	96.12	59.62	42.61
Total Current Liabilities	-	417.79	417.2	280.72	124.82
Long-Term Debt	-	896.6	344.42	185.45	21.09
Long-Term Leases	-	98.79	119.08	80.47	15.28
Long-Term Unearned Revenue	-	53.97	50.8	47.38	33.86
Long-Term Deferred Tax Liabilities	-	3.23	6.67	12.44	14.07
Other Long-Term Liabilities	-	0.74	0.73	0.57	0.23
Total Liabilities	-	1,471	938.91	607.04	209.35
Common Stock	-	200.31	200.12	137.25	136.4
Additional Paid-In Capital	-	694.5	689.73	729.76	684.72
Retained Earnings	-	151.71	233.36	211.64	229.58
Comprehensive Income & Other	-	60.25	0	0	-0.01
Total Common Equity	1,146	1,107	1,123	1,079	1,051
Minority Interest	-	14.85	12.12	8.31	-
Shareholders' Equity	1,163	1,122	1,135	1,087	1,051
Total Liabilities & Equity	-	2,593	2,074	1,694	1,260
Total Debt	1,210	1,276	721.22	438.54	85.06
Net Cash (Debt)	-959.72	-830.07	-617.65	-216.14	51.01
Net Cash Growth	-	-	-	-	-87.87%
Net Cash Per Share	-5.22	-4.18	-3.13	-1.08	0.26
Filing Date Shares Outstanding	203.3	200.31	200.12	199.01	197.78
Total Common Shares Outstanding	203.3	200.31	200.12	199.01	197.78
Working Capital	-	296.73	-56.28	143.48	177.53
Book Value Per Share	5.64	5.53	5.61	5.42	5.31
Tangible Book Value	1,041	1,000	1,008	1,021	1,025
Tangible Book Value Per Share	5.12	4.99	5.04	5.13	5.18
Machinery	-	1,788	1,594	1,302	930.79
Construction In Progress	-	378.16	256.29	124.65	140.33

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