SHA:688166 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	-	765.35	998.05	1,180	336.84
Trading Asset Securities	-	-	50.62	50.12	0.76
Cash & Short-Term Investments	606.22	765.35	1,049	1,230	337.6
Cash Growth	-20.79%	-27.02%	-14.78%	264.48%	-35.02%
Accounts Receivable	-	339.5	308.88	307.47	373.85
Other Receivables	-	6.66	19.91	18.78	3.75
Receivables	-	346.17	328.79	326.25	377.59
Inventory	-	364.61	344.63	280.35	200.06
Prepaid Expenses	-	-	3.65	5.83	4.48
Other Current Assets	-	164.14	114	95.39	73.27
Total Current Assets	-	1,640	1,840	1,938	993.01
Property, Plant & Equipment	-	2,705	2,489	2,076	1,378
Long-Term Investments	-	437.06	425.86	399.33	348.28
Goodwill	-	3.12	7.5	7.5	7.5
Other Intangible Assets	-	89.48	93.66	81.64	80.84
Long-Term Accounts Receivable	-	2.1	-	-	-
Long-Term Deferred Tax Assets	-	73.55	42.28	23.94	19.86
Long-Term Deferred Charges	-	57.49	30.18	26.87	25.83
Other Long-Term Assets	-	156.03	104.09	107.73	115.86
Total Assets	-	5,164	5,032	4,661	2,970
Accounts Payable	-	266	228.18	252.19	211.89
Accrued Expenses	-	75.5	72.31	69.04	61.72
Short-Term Debt	-	115.26	156.87	124.38	257.05
Current Portion of Long-Term Debt	-	516.96	397.93	313.87	16.58
Current Portion of Leases	-	13.69	16.1	1.34	9.87
Current Income Taxes Payable	-	16.68	14.04	14.97	3.69
Current Unearned Revenue	-	28.02	24	29.49	20.33
Other Current Liabilities	-	20.27	12.81	6.26	1.93
Total Current Liabilities	-	1,052	922.25	811.52	583.07
Long-Term Debt	-	1,580	1,615	1,576	618.69
Long-Term Leases	-	10.21	21.01	6.01	0.22
Long-Term Unearned Revenue	-	74.71	26.25	26	26
Other Long-Term Liabilities	-	10	29.82	-	-
Total Liabilities	-	2,727	2,614	2,420	1,228
Common Stock	-	422.47	422.47	422.47	410
Additional Paid-In Capital	-	982.36	1,057	1,008	738.94
Retained Earnings	-	1,046	897.66	743.35	555.05
Treasury Stock	-	-10.01	-	-	-
Comprehensive Income & Other	-	-46.48	-8.64	17.77	-25.8
Total Common Equity	2,448	2,395	2,369	2,192	1,678
Minority Interest	-	42.73	48.97	50.04	63.45
Shareholders' Equity	2,532	2,437	2,418	2,242	1,742
Total Liabilities & Equity	-	5,164	5,032	4,661	2,970
Total Debt	2,341	2,236	2,207	2,022	902.42
Net Cash (Debt)	-1,735	-1,470	-1,158	-791.15	-564.82
Net Cash Per Share	-4.02	-3.50	-2.75	-1.91	-1.39
Filing Date Shares Outstanding	466.81	422.11	422.1	422.47	410
Total Common Shares Outstanding	466.81	422.11	422.47	422.47	410
Working Capital	-	587.89	917.49	1,127	409.94
Book Value Per Share	6.13	5.67	5.61	5.19	4.09
Tangible Book Value	2,358	2,302	2,267	2,103	1,590
Tangible Book Value Per Share	5.91	5.45	5.37	4.98	3.88
Buildings	-	728.65	261.26	273.4	104.72
Machinery	-	1,122	704.8	318.41	287.37
Construction In Progress	-	1,167	1,736	1,666	1,131

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