SHA:688148 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	212.97	154.19	170.53	92.97	678.45	277.21
Trading Asset Securities	-	-	-	-	-	60.12
Cash & Short-Term Investments	212.97	154.19	170.53	92.97	678.45	337.34
Cash Growth	12.74%	-9.59%	83.43%	-86.30%	101.12%	192.79%
Accounts Receivable	571.58	523.28	416.57	240.75	556.44	515.24
Other Receivables	15.76	17.18	61.34	1.13	1.73	1.87
Receivables	587.33	540.46	477.91	241.88	558.18	517.11
Inventory	593.93	579.67	521.36	755.35	1,343	847.85
Other Current Assets	325.57	274.85	324.86	244.54	263.95	174.94
Total Current Assets	1,720	1,549	1,495	1,335	2,843	1,877
Property, Plant & Equipment	1,244	1,273	1,370	1,382	1,169	803.78
Long-Term Investments	2.53	2.53	2.97	8.5	8.04	9.6
Other Intangible Assets	121.95	122.71	125.14	219.3	129.34	131.51
Long-Term Deferred Tax Assets	-	-	-	37.56	8.35	6.99
Long-Term Deferred Charges	87.53	86.15	88.94	84.86	28.88	26.34
Other Long-Term Assets	10.24	8.64	7.85	19.89	17.32	18.97
Total Assets	3,186	3,043	3,090	3,086	4,204	2,874
Accounts Payable	594.31	589.51	483.15	139.5	991.51	480.89
Accrued Expenses	6.74	13.33	30.73	20.62	30.32	21.73
Short-Term Debt	825.67	751.16	572.44	402.61	425.48	542.35
Current Portion of Long-Term Debt	306.2	255.74	245.38	128.05	85.36	0.2
Current Portion of Leases	-	-	4.41	4.02	6.33	5.43
Current Income Taxes Payable	16.95	15.01	1.82	1.78	5.51	1.66
Current Unearned Revenue	26.07	5.53	0.41	3.09	1.05	11.18
Other Current Liabilities	26.03	30.29	97.18	173.94	126.07	110.97
Total Current Liabilities	1,802	1,661	1,436	873.6	1,672	1,174
Long-Term Debt	786.02	845.34	1,002	1,107	857.91	244.57
Long-Term Leases	41.73	42.8	79.72	48.59	49.08	48.62
Long-Term Unearned Revenue	0.15	0.17	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	2,630	2,549	2,523	2,034	2,688	1,536
Common Stock	510.17	510.17	510.17	510.17	511.72	511.72
Additional Paid-In Capital	801.49	801.23	790.7	788.75	761.17	662.55
Retained Earnings	-760.29	-821.74	-718.48	-291.71	163.15	199.3
Treasury Stock	-167.95	-167.95	-185.51	-125.51	-95.48	-45.71
Comprehensive Income & Other	165.21	164.38	164.16	164.16	164.21	-
Total Common Equity	548.63	486.09	561.04	1,046	1,505	1,328
Minority Interest	7.47	7.57	5.65	6.74	11.22	10.41
Shareholders' Equity	556.09	493.66	566.68	1,053	1,516	1,338
Total Liabilities & Equity	3,186	3,043	3,090	3,086	4,204	2,874
Total Debt	1,960	1,895	1,904	1,691	1,424	841.18
Net Cash (Debt)	-1,747	-1,741	-1,733	-1,598	-745.71	-503.84
Net Cash Per Share	-3.52	-3.54	-3.45	-3.12	-1.56	-1.13
Filing Date Shares Outstanding	512.06	457.13	486.39	492.85	508.61	511.72
Total Common Shares Outstanding	512.06	457.13	486.39	492.85	508.61	511.72
Working Capital	-82.16	-111.41	59.13	461.14	1,171	702.82
Book Value Per Share	1.07	1.06	1.15	2.12	2.96	2.59
Tangible Book Value	426.68	363.38	435.9	826.57	1,375	1,196
Tangible Book Value Per Share	0.83	0.79	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.