SHA:688192 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	291.42	250.16	74.2	121.67	364.24
Trading Asset Securities	1,645	589.83	674	1,295	1,711
Cash & Short-Term Investments	1,936	839.99	748.2	1,416	2,075
Cash Growth	130.51%	12.27%	-47.18%	-31.74%	246.26%
Accounts Receivable	143.44	27.49	48.04	-	7.55
Other Receivables	3.31	-	-	-	-
Receivables	146.75	27.49	48.04	-	7.55
Inventory	36.95	44.11	23.47	5.07	-
Other Current Assets	62.72	87.37	90.65	51.64	29.57
Total Current Assets	2,183	998.97	910.36	1,473	2,112
Property, Plant & Equipment	381.23	243.91	102.26	103.66	104.48
Other Intangible Assets	396.43	429.85	461.98	492.02	474.9
Long-Term Deferred Charges	4.09	8.62	16.99	7.99	4.54
Other Long-Term Assets	38.09	37.38	4.79	5.06	49.51
Total Assets	3,003	1,719	1,496	2,082	2,746
Accounts Payable	211.84	20.39	18.57	8.81	1.65
Accrued Expenses	98.55	245.07	182.18	208.53	182.75
Short-Term Debt	217.45	373.83	200.11	-	-
Current Portion of Long-Term Debt	313.17	41.27	0.1	-	-
Current Portion of Leases	-	23.53	22.95	21.34	16.84
Current Income Taxes Payable	18.51	-	0.05	0	-
Current Unearned Revenue	5.5	2.93	0.98	-	-
Other Current Liabilities	120.2	78.06	23.49	9.82	10.76
Total Current Liabilities	985.23	785.08	448.44	248.49	211.99
Long-Term Debt	688.15	683.76	138.31	-	-
Long-Term Leases	21.98	34.99	48.89	63.93	70.92
Long-Term Unearned Revenue	11.48	14.84	12.11	11	-
Total Liabilities	1,707	1,519	647.75	323.43	282.91
Common Stock	461.19	417.65	408.15	407.16	404.18
Additional Paid-In Capital	4,956	3,136	2,954	2,757	2,729
Retained Earnings	-4,124	-3,360	-2,514	-1,406	-669.85
Total Common Equity	1,294	193.76	848.63	1,758	2,463
Minority Interest	1.83	6.3	-	-	-
Shareholders' Equity	1,296	200.06	848.63	1,758	2,463
Total Liabilities & Equity	3,003	1,719	1,496	2,082	2,746
Total Debt	1,241	1,157	410.37	85.27	87.76
Net Cash (Debt)	695.51	-317.39	337.83	1,331	1,987
Net Cash Growth	-	-	-74.62%	-33.02%	231.62%
Net Cash Per Share	1.56	-0.77	0.83	3.29	5.52
Filing Date Shares Outstanding	461.19	417.65	408.15	407.16	404.18
Total Common Shares Outstanding	461.19	417.65	408.15	407.16	404.18
Working Capital	1,197	213.89	461.93	1,225	1,900
Book Value Per Share	2.81	0.46	2.08	4.32	6.09
Tangible Book Value	897.43	-236.09	386.65	1,266	1,988
Tangible Book Value Per Share	1.95	-0.57	0.95	3.11	4.92
Machinery	-	55.43	49.14	31.99	26.91
Construction In Progress	-	169.72	13.35	8.85	5.04

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.