SHA:688166 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

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	1,395	961.06	765.35	998.05	1,180	336.84
Trading Asset Securities	-	-	-	50.62	50.12	0.76
Cash & Short-Term Investments	1,395	961.06	765.35	1,049	1,230	337.6
Cash Growth	71.70%	25.57%	-27.02%	-14.78%	264.48%	-35.02%
Accounts Receivable	388.73	330.02	339.5	308.88	307.47	373.85
Other Receivables	3.28	9.13	6.66	19.91	18.78	3.75
Receivables	392.01	339.14	346.17	328.79	326.25	377.59
Inventory	358.51	364.25	364.61	344.63	280.35	200.06
Prepaid Expenses	-	-	-	3.65	5.83	4.48
Other Current Assets	160.77	124.04	164.14	114	95.39	73.27
Total Current Assets	2,307	1,789	1,640	1,840	1,938	993.01
Property, Plant & Equipment	2,802	2,752	2,705	2,489	2,076	1,378
Long-Term Investments	476.18	671.08	437.06	425.86	399.33	348.28
Goodwill	-	-	3.12	7.5	7.5	7.5
Other Intangible Assets	78.39	79.53	89.48	93.66	81.64	80.84
Long-Term Accounts Receivable	-	4.1	2.1	-	-	-
Long-Term Deferred Tax Assets	111.35	94.68	62.2	42.28	23.94	19.86
Long-Term Deferred Charges	354.98	339.19	57.49	30.18	26.87	25.83
Other Long-Term Assets	405.35	95.42	156.03	104.09	107.73	115.86
Total Assets	6,535	5,825	5,153	5,032	4,661	2,970

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
Accounts Payable	144.17	185.89	266	228.18	252.19	211.89
Accrued Expenses	38.32	82.97	72.01	72.31	69.04	61.72
Short-Term Debt	68.93	110.11	115.26	156.87	124.38	257.05
Current Portion of Long-Term Debt	659.29	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	17.58	10.61	16.68	14.04	14.97	3.69
Current Unearned Revenue	31.73	25.56	28.02	24	29.49	20.33
Other Current Liabilities	31.25	81.23	23.76	12.81	6.26	1.93
Total Current Liabilities	991.27	1,280	1,052	922.25	811.52	583.07
Long-Term Debt	2,335	1,490	1,580	1,615	1,576	618.69
Long-Term Leases	26	10.21	10.21	21.01	6.01	0.22
Long-Term Unearned Revenue	155.27	167.58	84.71	26.25	26	26
Other Long-Term Liabilities	126.14	30.3	-	29.82	-	-
Total Liabilities	3,633	2,979	2,727	2,614	2,420	1,228

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
Common Stock	423.1	423.1	422.47	422.47	422.47	410
Additional Paid-In Capital	1,076	1,076	982.36	1,057	1,008	738.94
Retained Earnings	1,076	1,066	1,046	897.66	743.35	555.05
Treasury Stock	-20.05	-20.05	-10.01	-	-	-
Comprehensive Income & Other	-24.54	-24.21	-57.82	-8.64	17.77	-25.8
Total Common Equity	2,530	2,521	2,383	2,369	2,192	1,678
Minority Interest	371.26	325.01	42.73	48.97	50.04	63.45
Shareholders' Equity	2,902	2,846	2,426	2,418	2,242	1,742
Total Liabilities & Equity	6,535	5,825	5,153	5,032	4,661	2,970

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
Total Debt	3,089	2,395	2,236	2,207	2,022	902.42
Net Cash (Debt)	-1,694	-1,433	-1,470	-1,158	-791.15	-564.82
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.96	-3.42	-3.50	-2.75	-1.91	-1.39
Filing Date Shares Outstanding	422.54	422.54	422.11	422.1	422.47	410
Total Common Shares Outstanding	422.54	422.54	422.11	422.47	422.47	410
Working Capital	1,315	508.2	587.89	917.49	1,127	409.94
Book Value Per Share	5.99	5.97	5.65	5.61	5.19	4.09
Tangible Book Value	2,452	2,442	2,291	2,267	2,103	1,590
Tangible Book Value Per Share	5.80	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