SHA:688203 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

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	261.48	328.3	515.73	855.7	938.49	248.81
Trading Asset Securities	-	-	-	-	-	42.18
Cash & Short-Term Investments	261.48	328.3	515.73	855.7	938.49	290.98
Cash Growth	-45.40%	-36.34%	-39.73%	-8.82%	222.52%	-50.99%
Accounts Receivable	143.36	92.71	69.91	36.77	12.94	4.89
Other Receivables	0.95	0.48	0.01	0.01	0.12	0.04
Receivables	144.31	93.19	69.92	36.77	13.06	4.93
Inventory	194.62	192.49	160.52	145.6	135.94	120.88
Other Current Assets	78.86	87.28	61.84	28.91	14.89	32.19
Total Current Assets	679.27	701.25	808.01	1,067	1,102	448.99
Property, Plant & Equipment	1,205	1,210	1,175	823.8	744.12	654.59
Other Intangible Assets	73.35	73.82	75.58	76.81	78.57	78.9
Long-Term Deferred Tax Assets	2.63	2	3.12	1.7	1.09	0.17
Other Long-Term Assets	58.86	60.75	4	81.22	2.33	0.63
Total Assets	2,019	2,048	2,066	2,051	1,928	1,183
Accounts Payable	246.97	158.35	158.56	175.89	80.34	24.78
Accrued Expenses	10.3	23.95	18.97	15.3	12.81	8.75
Short-Term Debt	169.53	181.01	93.54	74.4	40.37	170.01
Current Portion of Long-Term Debt	10.78	9.83	68.41	104.53	98.76	47.32
Current Portion of Leases	-	0.86	0.69	0.62	1.02	-
Current Income Taxes Payable	5.23	0.61	3.36	2.17	2.84	1.3
Current Unearned Revenue	8.14	5.96	9.49	12.46	3.25	9.53
Other Current Liabilities	23.77	119.56	128.43	53.78	67.99	98.54
Total Current Liabilities	474.72	500.13	481.45	439.15	307.37	360.24
Long-Term Debt	10.31	10.31	33.24	74	127.31	162.82
Long-Term Leases	2.94	3.18	3.38	4.3	4.92	6.07
Long-Term Unearned Revenue	56.56	56.82	55.38	51.1	36.09	0.1
Long-Term Deferred Tax Liabilities	-	-	0.6	0.71	0.87	0.03
Total Liabilities	544.53	570.43	574.05	569.25	476.56	529.26
Common Stock	202.68	202.68	202.68	202.68	202.68	152.01
Additional Paid-In Capital	1,209	1,209	1,209	1,209	1,209	509.1
Retained Earnings	87.42	86.37	88.59	69.3	39.94	-7.12
Treasury Stock	-24.45	-21.24	-9	-	-	-
Total Common Equity	1,475	1,477	1,492	1,481	1,452	653.99
Minority Interest	-	-	-	-	0.01	0.03
Shareholders' Equity	1,475	1,477	1,492	1,481	1,452	654.02
Total Liabilities & Equity	2,019	2,048	2,066	2,051	1,928	1,183
Total Debt	193.56	205.19	199.26	257.84	272.37	386.22
Net Cash (Debt)	67.92	123.11	316.47	597.86	666.11	-95.24
Net Cash Growth	-74.58%	-61.10%	-47.07%	-10.25%	-	-
Net Cash Per Share	0.33	0.61	1.60	2.88	3.97	-0.62
Filing Date Shares Outstanding	201.14	200.72	201.42	202.68	202.68	152.01
Total Common Shares Outstanding	201.14	200.72	201.75	202.68	202.68	152.01
Working Capital	204.55	201.12	326.55	627.83	795	88.75
Book Value Per Share	7.33	7.36	7.39	7.31	7.16	4.30
Tangible Book Value	1,402	1,403	1,416	1,404	1,373	575.09
Tangible Book Value Per Share	6.97	6.99	7.02	6.93	6.78	3.78
Buildings	-	459.77	257.08	256.7	194.24	147.1
Machinery	-	556.92	542.28	529.31	350.52	331.11
Construction In Progress	-	488.9	603.78	201.89	310.49	248.24

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