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	961.06	765.35	998.05	1,180	336.84
Trading Asset Securities	-	-	50.62	50.12	0.76
Cash & Short-Term Investments	961.06	765.35	1,049	1,230	337.6
Cash Growth	25.57%	-27.02%	-14.78%	264.48%	-35.02%
Accounts Receivable	330.02	339.5	308.88	307.47	373.85
Other Receivables	9.13	6.66	19.91	18.78	3.75
Receivables	339.14	346.17	328.79	326.25	377.59
Inventory	364.25	364.61	344.63	280.35	200.06
Prepaid Expenses	-	-	3.65	5.83	4.48
Other Current Assets	124.04	164.14	114	95.39	73.27
Total Current Assets	1,789	1,640	1,840	1,938	993.01
Property, Plant & Equipment	2,752	2,705	2,489	2,076	1,378
Long-Term Investments	671.08	437.06	425.86	399.33	348.28
Goodwill	-	3.12	7.5	7.5	7.5
Other Intangible Assets	79.53	89.48	93.66	81.64	80.84
Long-Term Accounts Receivable	4.1	2.1	-	-	-
Long-Term Deferred Tax Assets	94.68	62.2	42.28	23.94	19.86
Long-Term Deferred Charges	339.19	57.49	30.18	26.87	25.83
Other Long-Term Assets	95.42	156.03	104.09	107.73	115.86
Total Assets	5,825	5,153	5,032	4,661	2,970
Accounts Payable	185.89	266	228.18	252.19	211.89
Accrued Expenses	82.97	72.01	72.31	69.04	61.72
Short-Term Debt	110.11	115.26	156.87	124.38	257.05
Current Portion of Long-Term Debt	775.1	516.96	397.93	313.87	16.58
Current Portion of Leases	8.83	13.69	16.1	1.34	9.87
Current Income Taxes Payable	10.61	16.68	14.04	14.97	3.69
Current Unearned Revenue	25.56	28.02	24	29.49	20.33
Other Current Liabilities	81.23	23.76	12.81	6.26	1.93
Total Current Liabilities	1,280	1,052	922.25	811.52	583.07
Long-Term Debt	1,490	1,580	1,615	1,576	618.69
Long-Term Leases	10.21	10.21	21.01	6.01	0.22
Long-Term Unearned Revenue	167.58	84.71	26.25	26	26
Other Long-Term Liabilities	30.3	-	29.82	-	-
Total Liabilities	2,979	2,727	2,614	2,420	1,228
Common Stock	423.1	422.47	422.47	422.47	410
Additional Paid-In Capital	1,076	982.36	1,057	1,008	738.94
Retained Earnings	1,066	1,046	897.66	743.35	555.05
Treasury Stock	-20.05	-10.01	-	-	-
Comprehensive Income & Other	-24.21	-57.82	-8.64	17.77	-25.8
Total Common Equity	2,521	2,383	2,369	2,192	1,678
Minority Interest	325.01	42.73	48.97	50.04	63.45
Shareholders' Equity	2,846	2,426	2,418	2,242	1,742
Total Liabilities & Equity	5,825	5,153	5,032	4,661	2,970
Total Debt	2,395	2,236	2,207	2,022	902.42
Net Cash (Debt)	-1,433	-1,470	-1,158	-791.15	-564.82
Net Cash Per Share	-3.42	-3.50	-2.75	-1.91	-1.39
Filing Date Shares Outstanding	422.54	422.11	422.1	422.47	410
Total Common Shares Outstanding	422.54	422.11	422.47	422.47	410
Working Capital	508.2	587.89	917.49	1,127	409.94
Book Value Per Share	5.97	5.65	5.61	5.19	4.09
Tangible Book Value	2,442	2,291	2,267	2,103	1,590
Tangible Book Value Per Share	5.78	5.43	5.37	4.98	3.88
Buildings	745.28	728.65	261.26	273.4	104.72
Machinery	1,271	1,122	704.8	318.41	287.37
Construction In Progress	1,187	1,167	1,736	1,666	1,131

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