SHA:688135 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	265.67	271.81	445.61	103.56	222.41	136.06
Cash & Short-Term Investments	265.67	271.81	445.61	103.56	222.41	136.06
Cash Growth	-25.56%	-39.00%	330.27%	-53.44%	63.46%	-71.26%
Accounts Receivable	202.83	208.89	147.53	165.71	142.86	99.67
Other Receivables	4.64	1.9	5.78	7.66	1.99	4.03
Receivables	207.47	210.78	153.31	173.37	144.85	103.7
Inventory	17.45	17.3	25.88	20.9	24.95	20.82
Prepaid Expenses	-	-	-	0.8	0.63	0.62
Other Current Assets	89.58	77.29	89.73	62.29	31.37	41.14
Total Current Assets	580.17	577.18	714.52	360.92	424.2	302.35
Property, Plant & Equipment	1,785	1,756	1,558	1,396	1,105	864.3
Long-Term Investments	43.95	44.55	29.23	16.7	10	10
Goodwill	24.42	24.42	24.42	32.52	32.52	-
Other Intangible Assets	79.28	79.72	82.11	83.04	25.06	25.87
Long-Term Deferred Tax Assets	79.35	67.38	51.56	52.97	23.93	9.02
Long-Term Deferred Charges	66.58	70.84	82.02	53.49	40.81	30.25
Other Long-Term Assets	13.97	24.77	50.52	78.89	32.73	18.27
Total Assets	2,672	2,645	2,593	2,074	1,694	1,260
Accounts Payable	176.48	35.76	12.07	9.27	8.07	7.7
Accrued Expenses	15.44	57.35	42.73	49.89	39.92	24.59
Short-Term Debt	97.75	89.25	70.07	83.5	70.3	34.7
Current Portion of Long-Term Debt	215.79	90.57	96.5	88.64	62.38	5.72
Current Portion of Leases	-	105.65	113.72	85.57	39.94	8.26
Current Income Taxes Payable	24.09	0.09	4.24	4.08	0.48	1.24
Current Unearned Revenue	15.36	-	0.2	0.13	-	-
Other Current Liabilities	1.58	122.17	78.26	96.12	59.62	42.61
Total Current Liabilities	546.49	500.84	417.79	417.2	280.72	124.82
Long-Term Debt	392.1	858.54	896.6	344.42	185.45	21.09
Long-Term Leases	31.07	70.18	98.79	119.08	80.47	15.28
Long-Term Unearned Revenue	51.62	53.21	53.97	50.8	47.38	33.86
Long-Term Deferred Tax Liabilities	2.36	0.57	3.23	6.67	12.44	14.07
Other Long-Term Liabilities	45.18	1.13	0.74	0.73	0.57	0.23
Total Liabilities	1,069	1,484	1,471	938.91	607.04	209.35
Common Stock	233.1	203.45	200.31	200.12	137.25	136.4
Additional Paid-In Capital	1,206	742.16	694.5	689.73	729.76	684.72
Retained Earnings	145.93	142.51	151.71	233.36	211.64	229.58
Comprehensive Income & Other	-0	54.83	60.25	0	0	-0.01
Total Common Equity	1,585	1,143	1,107	1,123	1,079	1,051
Minority Interest	18.09	17.68	14.85	12.12	8.31	-
Shareholders' Equity	1,603	1,161	1,122	1,135	1,087	1,051
Total Liabilities & Equity	2,672	2,645	2,593	2,074	1,694	1,260
Total Debt	736.7	1,214	1,276	721.22	438.54	85.06
Net Cash (Debt)	-471.03	-942.4	-830.07	-617.65	-216.14	51.01
Net Cash Growth	-	-	-	-	-	-87.87%
Net Cash Per Share	-2.63	-5.12	-4.18	-3.13	-1.08	0.26
Filing Date Shares Outstanding	170.93	203.45	200.31	200.12	199.01	197.78
Total Common Shares Outstanding	170.93	203.45	200.31	200.12	199.01	197.78
Working Capital	33.67	76.34	296.73	-56.28	143.48	177.53
Book Value Per Share	9.27	5.62	5.53	5.61	5.42	5.31
Tangible Book Value	1,482	1,039	1,000	1,008	1,021	1,025
Tangible Book Value Per Share	8.67	5.11	4.99	5.04	5.13	5.18
Buildings	-	194.08	-	-	-	-
Machinery	-	2,064	1,788	1,594	1,302	930.79
Construction In Progress	-	291.26	378.16	256.29	124.65	140.33