SHA:688155 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	-	785.59	344.19	507.77	407.47
Short-Term Investments	-	114.46	-	-	-
Trading Asset Securities	-	-	-	2.72	230.2
Cash & Short-Term Investments	353.29	900.05	344.19	510.49	637.67
Cash Growth	-60.75%	161.50%	-32.58%	-19.95%	-19.48%
Accounts Receivable	-	1,452	1,807	1,933	746.61
Other Receivables	-	16.56	13.56	14.78	13.53
Receivables	-	1,469	1,821	1,948	760.13
Inventory	-	974.32	741.14	663.57	332.97
Prepaid Expenses	-	4.9	2.16	2.88	-
Other Current Assets	-	101.8	23.31	67.51	47.73
Total Current Assets	-	3,450	2,932	3,192	1,779
Property, Plant & Equipment	-	879.35	770.29	491.74	199.96
Long-Term Investments	-	-	7.22	8.89	-
Goodwill	-	629.6	629.6	629.6	-
Other Intangible Assets	-	132.91	139.26	143.97	86.47
Long-Term Accounts Receivable	-	5.47	1.77	-	-
Long-Term Deferred Tax Assets	-	85.53	97.7	90.33	27.7
Long-Term Deferred Charges	-	5.84	-	-	-
Other Long-Term Assets	-	3.39	8.07	10.47	6.42
Total Assets	-	5,192	4,586	4,567	2,099
Accounts Payable	-	800.18	665.58	912.6	528.61
Accrued Expenses	-	128.78	112.29	144.25	40.43
Short-Term Debt	-	559.62	1,016	792.28	0.49
Current Portion of Long-Term Debt	-	37.27	62.48	12.01	-
Current Portion of Leases	-	14.07	14.65	18.22	10.57
Current Income Taxes Payable	-	2.83	13.35	15.78	7.99
Current Unearned Revenue	-	763.37	356.21	409.88	190.65
Other Current Liabilities	-	116.46	179.15	557.15	94.34
Total Current Liabilities	-	2,423	2,419	2,862	873.1
Long-Term Debt	-	287.43	548.93	241.82	-
Long-Term Leases	-	13.86	26.62	30.9	9.52
Long-Term Unearned Revenue	-	57.61	47.59	33.8	3.12
Pension & Post-Retirement Benefits	-	-	6.59	-	-
Long-Term Deferred Tax Liabilities	-	13.17	13.1	15.53	0.29
Other Long-Term Liabilities	-	29.41	25.52	14.33	6.07
Total Liabilities	-	2,824	3,088	3,199	892.09
Common Stock	-	125.05	76.68	76.68	75.99
Additional Paid-In Capital	-	1,494	919.31	919.44	880.54
Retained Earnings	-	339.22	180.51	140.55	234.98
Comprehensive Income & Other	-	-0.29	1.99	-0.55	-1.69
Total Common Equity	2,118	1,958	1,178	1,136	1,190
Minority Interest	-	410.23	319.21	232.63	17.15
Shareholders' Equity	2,362	2,368	1,498	1,369	1,207
Total Liabilities & Equity	-	5,192	4,586	4,567	2,099
Total Debt	645.54	912.25	1,668	1,095	20.58
Net Cash (Debt)	-292.25	-12.2	-1,324	-584.74	617.09
Net Cash Growth	-	-	-	-	-22.08%
Net Cash Per Share	-2.32	-0.10	-12.26	-5.48	5.79
Filing Date Shares Outstanding	128.8	125.05	107.35	107.35	106.38
Total Common Shares Outstanding	125.48	125.05	107.35	107.35	106.38
Working Capital	-	1,027	512.13	330.12	905.4
Book Value Per Share	16.88	15.65	10.98	10.58	11.18
Tangible Book Value	1,360	1,195	409.62	362.55	1,103
Tangible Book Value Per Share	10.84	9.56	3.82	3.38	10.37
Buildings	-	724.94	340.22	192.04	127.39
Machinery	-	215.46	189.16	167.16	59.13
Construction In Progress	-	16.17	274.35	133.67	7.63

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