SHA:688148 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	-	170.53	92.97	678.45	277.21
Trading Asset Securities	-	-	-	-	60.12
Cash & Short-Term Investments	59.17	170.53	92.97	678.45	337.34
Cash Growth	-65.31%	83.43%	-86.30%	101.12%	192.79%
Accounts Receivable	-	416.57	240.75	556.44	515.24
Other Receivables	-	61.34	1.13	1.73	1.87
Receivables	-	477.91	241.88	558.18	517.11
Inventory	-	521.36	755.35	1,343	847.85
Other Current Assets	-	324.86	244.54	263.95	174.94
Total Current Assets	-	1,495	1,335	2,843	1,877
Property, Plant & Equipment	-	1,370	1,382	1,169	803.78
Long-Term Investments	-	2.97	8.5	8.04	9.6
Other Intangible Assets	-	125.14	219.3	129.34	131.51
Long-Term Deferred Tax Assets	-	-	37.56	8.35	6.99
Long-Term Deferred Charges	-	88.94	84.86	28.88	26.34
Other Long-Term Assets	-	7.85	19.89	17.32	18.97
Total Assets	-	3,090	3,086	4,204	2,874
Accounts Payable	-	483.15	139.5	991.51	480.89
Accrued Expenses	-	30.73	20.62	30.32	21.73
Short-Term Debt	-	572.44	402.61	425.48	542.35
Current Portion of Long-Term Debt	-	245.38	128.05	85.36	0.2
Current Portion of Leases	-	4.41	4.02	6.33	5.43
Current Income Taxes Payable	-	1.82	1.78	5.51	1.66
Current Unearned Revenue	-	0.41	3.09	1.05	11.18
Other Current Liabilities	-	97.18	173.94	126.07	110.97
Total Current Liabilities	-	1,436	873.6	1,672	1,174
Long-Term Debt	-	1,002	1,107	857.91	244.57
Long-Term Leases	-	79.72	48.59	49.08	48.62
Long-Term Unearned Revenue	-	0.22	0.28	-	-
Long-Term Deferred Tax Liabilities	-	-	1.03	24.56	-
Other Long-Term Liabilities	-	5.86	3	84.86	68.54
Total Liabilities	-	2,523	2,034	2,688	1,536
Common Stock	-	510.17	510.17	511.72	511.72
Additional Paid-In Capital	-	790.7	788.75	761.17	662.55
Retained Earnings	-	-718.48	-291.71	163.15	199.3
Treasury Stock	-	-185.51	-125.51	-95.48	-45.71
Comprehensive Income & Other	-	164.16	164.16	164.21	-
Total Common Equity	453.8	561.04	1,046	1,505	1,328
Minority Interest	-	5.65	6.74	11.22	10.41
Shareholders' Equity	461.49	566.68	1,053	1,516	1,338
Total Liabilities & Equity	-	3,090	3,086	4,204	2,874
Total Debt	1,919	1,904	1,691	1,424	841.18
Net Cash (Debt)	-1,860	-1,733	-1,598	-745.71	-503.84
Net Cash Per Share	-3.61	-3.45	-3.12	-1.56	-1.13
Filing Date Shares Outstanding	548.85	486.39	492.85	508.61	511.72
Total Common Shares Outstanding	487.84	486.39	492.85	508.61	511.72
Working Capital	-	59.13	461.14	1,171	702.82
Book Value Per Share	0.93	1.15	2.12	2.96	2.59
Tangible Book Value	330.41	435.9	826.57	1,375	1,196
Tangible Book Value Per Share	0.68	0.90	1.68	2.70	2.34
Buildings	-	440.32	416.73	125.29	55.77
Machinery	-	1,217	1,088	669.5	514.44
Construction In Progress	-	75.61	110.88	505.34	311.37

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