SHA:688156 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	-	225.77	199.23	259.4	349.43
Short-Term Investments	-	0.86	-	-	-
Trading Asset Securities	-	-	89.53	115.21	60.92
Cash & Short-Term Investments	188.19	226.63	288.76	374.62	410.36
Cash Growth	-16.96%	-21.52%	-22.92%	-8.71%	-2.65%
Accounts Receivable	-	214.84	273.01	285.64	277.9
Other Receivables	-	9.81	2.14	3.87	0.48
Receivables	-	224.65	275.15	289.51	278.38
Inventory	-	112.82	93.52	49.31	26.09
Prepaid Expenses	-	0.03	0.18	0.38	0.23
Other Current Assets	-	92.01	107.84	53.87	26.19
Total Current Assets	-	656.14	765.45	767.69	741.25
Property, Plant & Equipment	-	881.48	635.89	336.83	180.78
Other Intangible Assets	-	132.06	134.03	57	58.84
Long-Term Accounts Receivable	-	12.24	18.59	21.33	6.7
Long-Term Deferred Tax Assets	-	30.58	13.16	9.71	5.82
Long-Term Deferred Charges	-	7	0.99	0.22	7.1
Other Long-Term Assets	-	5.9	21.33	3.75	4.06
Total Assets	-	1,725	1,589	1,197	1,005
Accounts Payable	-	220.67	289.88	138.52	106.26
Accrued Expenses	-	6.81	5.58	8.05	10.87
Short-Term Debt	-	172.75	127.1	80.1	33.65
Current Portion of Long-Term Debt	-	74.14	29.52	0.12	-
Current Income Taxes Payable	-	3.1	2.77	7.7	5.94
Current Unearned Revenue	-	11.51	10.1	7.49	5.64
Other Current Liabilities	-	51.38	39.86	33.35	25.58
Total Current Liabilities	-	540.35	504.81	275.33	187.95
Long-Term Debt	-	238.46	133.44	87.5	-
Long-Term Unearned Revenue	-	12.1	5.09	2.71	3.4
Long-Term Deferred Tax Liabilities	-	-	0	0.03	0.02
Other Long-Term Liabilities	-	61.62	-	-	-
Total Liabilities	-	852.53	643.35	365.58	191.37
Common Stock	-	100.71	100.71	92.37	91.84
Additional Paid-In Capital	-	573.01	573.95	476.97	471.12
Retained Earnings	-	160.64	222.23	205.33	207.11
Total Common Equity	818.24	834.37	896.89	774.67	770.08
Minority Interest	-	38.51	49.19	56.28	43.12
Shareholders' Equity	908.06	872.87	946.08	830.95	813.19
Total Liabilities & Equity	-	1,725	1,589	1,197	1,005
Total Debt	538.52	485.34	290.06	167.72	33.65
Net Cash (Debt)	-350.32	-258.71	-1.31	206.89	376.7
Net Cash Growth	-	-	-	-45.08%	-6.17%
Net Cash Per Share	-3.49	-2.56	-0.01	2.23	4.09
Filing Date Shares Outstanding	100.71	100.71	100.71	92.37	91.84
Total Common Shares Outstanding	100.71	100.71	100.71	92.37	91.84
Working Capital	-	115.79	260.64	492.36	553.29
Book Value Per Share	8.12	8.28	8.91	8.39	8.38
Tangible Book Value	653.81	702.31	762.87	717.67	711.23
Tangible Book Value Per Share	6.49	6.97	7.57	7.77	7.74
Buildings	-	709.89	337.99	182.68	133.27
Machinery	-	324.86	222.94	178.19	176.64
Construction In Progress	-	27.04	235.26	121.37	0.59

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