SHA:688188 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	2,133	2,226	2,641	2,311	2,517
Trading Asset Securities	-	2,552	1,769	1,540	35
Cash & Short-Term Investments	2,133	4,777	4,410	3,851	2,552
Cash Growth	-55.35%	8.33%	14.52%	50.91%	10.84%
Accounts Receivable	273.61	209.77	117.36	41.04	32.75
Other Receivables	4.77	8.32	9.15	9.06	9.41
Receivables	278.37	218.08	126.51	50.1	42.16
Inventory	250.06	164.78	153.55	120.47	137.17
Prepaid Expenses	5.46	0.36	2.33	8.87	20.6
Other Current Assets	3,232	13.91	5.79	8.98	16.65
Total Current Assets	5,899	5,174	4,698	4,039	2,768
Property, Plant & Equipment	449.43	453.51	405.82	277.93	189.46
Long-Term Investments	69.47	63.33	51.32	18.55	12.73
Goodwill	17.66	17.66	17.66	17.66	17.66
Other Intangible Assets	105.13	108.67	110.88	113.85	91.71
Long-Term Deferred Tax Assets	58.83	52.74	44.97	24.55	29.91
Long-Term Deferred Charges	1.59	2.14	2.83	2.66	1.12
Other Long-Term Assets	2.94	5.42	3.28	10.33	37.76
Total Assets	6,604	5,878	5,335	4,505	3,149
Accounts Payable	68.85	34.94	28.52	25.56	26.15
Accrued Expenses	229.93	166.28	140.43	103.54	47.21
Short-Term Debt	20.25	2.83	-	-	-
Current Portion of Leases	1.55	1.89	2.01	2.9	4.33
Current Income Taxes Payable	12.24	16.33	23.31	7.3	1.37
Current Unearned Revenue	132.39	101.33	70.68	32.96	41.7
Other Current Liabilities	25.09	27.95	48.31	24.94	27.71
Total Current Liabilities	490.3	351.53	313.26	197.2	148.46
Long-Term Leases	1.26	2.18	2.88	2.85	0.96
Long-Term Deferred Tax Liabilities	0.13	0.09	-	-	0.03
Total Liabilities	491.68	353.8	316.14	200.05	149.45
Common Stock	288.73	205.46	146.33	145.97	100.34
Additional Paid-In Capital	3,043	2,999	2,929	2,799	1,844
Retained Earnings	2,738	2,263	1,896	1,332	1,045
Total Common Equity	6,070	5,468	4,972	4,277	2,989
Minority Interest	42.26	56.63	47.01	27.42	9.83
Shareholders' Equity	6,112	5,524	5,019	4,305	2,999
Total Liabilities & Equity	6,604	5,878	5,335	4,505	3,149
Total Debt	23.06	6.89	4.89	5.76	5.29
Net Cash (Debt)	2,110	4,770	4,405	3,845	2,546
Net Cash Growth	-55.77%	8.30%	14.56%	51.00%	10.61%
Net Cash Per Share	7.28	16.54	15.28	13.50	9.21
Filing Date Shares Outstanding	288.73	287.64	286.81	286.11	275.32
Total Common Shares Outstanding	288.73	287.64	286.81	286.11	275.32
Working Capital	5,409	4,823	4,385	3,842	2,620
Book Value Per Share	21.02	19.01	17.33	14.95	10.86
Tangible Book Value	5,947	5,341	4,843	4,146	2,880
Tangible Book Value Per Share	20.60	18.57	16.89	14.49	10.46
Buildings	401.88	401.88	220.36	220.36	-
Machinery	137.66	108.91	92.53	69.1	31.54
Construction In Progress	0.36	0.62	125.53	2.72	166.48

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