SHA:688203 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	-	515.73	855.7	938.49	248.81
Trading Asset Securities	-	-	-	-	42.18
Cash & Short-Term Investments	420.35	515.73	855.7	938.49	290.98
Cash Growth	-18.49%	-39.73%	-8.82%	222.52%	-50.99%
Accounts Receivable	-	69.91	36.77	12.94	4.89
Other Receivables	-	0.01	0.01	0.12	0.04
Receivables	-	69.92	36.77	13.06	4.93
Inventory	-	160.52	145.6	135.94	120.88
Other Current Assets	-	61.84	28.91	14.89	32.19
Total Current Assets	-	808.01	1,067	1,102	448.99
Property, Plant & Equipment	-	1,175	823.8	744.12	654.59
Other Intangible Assets	-	75.58	76.81	78.57	78.9
Long-Term Deferred Tax Assets	-	3.12	1.7	1.09	0.17
Other Long-Term Assets	-	4	81.22	2.33	0.63
Total Assets	-	2,066	2,051	1,928	1,183
Accounts Payable	-	158.56	175.89	80.34	24.78
Accrued Expenses	-	18.97	15.3	12.81	8.75
Short-Term Debt	-	93.54	74.4	40.37	170.01
Current Portion of Long-Term Debt	-	68.41	104.53	98.76	47.32
Current Portion of Leases	-	0.69	0.62	1.02	-
Current Income Taxes Payable	-	3.36	2.17	2.84	1.3
Current Unearned Revenue	-	9.49	12.46	3.25	9.53
Other Current Liabilities	-	128.43	53.78	67.99	98.54
Total Current Liabilities	-	481.45	439.15	307.37	360.24
Long-Term Debt	-	33.24	74	127.31	162.82
Long-Term Leases	-	3.38	4.3	4.92	6.07
Long-Term Unearned Revenue	-	55.38	51.1	36.09	0.1
Long-Term Deferred Tax Liabilities	-	0.6	0.71	0.87	0.03
Total Liabilities	-	574.05	569.25	476.56	529.26
Common Stock	-	202.68	202.68	202.68	152.01
Additional Paid-In Capital	-	1,209	1,209	1,209	509.1
Retained Earnings	-	88.59	69.3	39.94	-7.12
Treasury Stock	-	-9	-	-	-
Total Common Equity	1,473	1,492	1,481	1,452	653.99
Minority Interest	-	-	-	0.01	0.03
Shareholders' Equity	1,473	1,492	1,481	1,452	654.02
Total Liabilities & Equity	-	2,066	2,051	1,928	1,183
Total Debt	215.4	199.26	257.84	272.37	386.22
Net Cash (Debt)	204.95	316.47	597.86	666.11	-95.24
Net Cash Growth	-35.24%	-47.07%	-10.25%	-	-
Net Cash Per Share	1.11	1.56	2.88	3.97	-0.62
Filing Date Shares Outstanding	1.21	201.42	202.68	202.68	152.01
Total Common Shares Outstanding	1.21	201.75	202.68	202.68	152.01
Working Capital	-	326.55	627.83	795	88.75
Book Value Per Share	4.42	7.39	7.31	7.16	4.30
Tangible Book Value	1,399	1,416	1,404	1,373	575.09
Tangible Book Value Per Share	4.20	7.02	6.93	6.78	3.78
Buildings	-	257.08	256.7	194.24	147.1
Machinery	-	542.28	529.31	350.52	331.11
Construction In Progress	-	603.78	201.89	310.49	248.24

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