SHA:688210 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	1,213	545.01	509.42	593.66	370.86	889.28
Trading Asset Securities	64.26	64.62	87.51	-	351.15	-
Cash & Short-Term Investments	1,277	609.63	596.92	593.66	722	889.28
Cash Growth	115.72%	2.13%	0.55%	-17.78%	-18.81%	1488.07%
Accounts Receivable	236.06	287.87	272.01	261.16	185.91	116.73
Other Receivables	16.72	20.65	9.32	14.05	10.18	15.88
Receivables	252.78	308.52	281.33	275.21	196.09	132.61
Inventory	189.57	181.2	197.81	164.6	130.94	92.44
Other Current Assets	63.87	70.09	43.35	29.88	16.52	12.55
Total Current Assets	1,784	1,169	1,119	1,063	1,066	1,127
Property, Plant & Equipment	1,075	1,078	818.18	736.32	441.78	278.28
Long-Term Investments	85.65	112.6	88.4	69.83	61.27	1.94
Goodwill	-	-	-	0.59	0.59	0.59
Other Intangible Assets	30.9	31.45	31.97	26.24	27.18	28.19
Long-Term Deferred Tax Assets	144.57	139.91	65.52	63.4	51.12	29.43
Long-Term Deferred Charges	45	47.59	48.74	39.3	30.85	31.24
Other Long-Term Assets	26.03	19.43	8.56	25.53	12.24	3.48
Total Assets	3,191	2,599	2,181	2,025	1,691	1,500
Accounts Payable	196.92	216.58	217.78	250.08	117.62	91.15
Accrued Expenses	15.6	15.73	24.63	16.9	18.43	10.25
Short-Term Debt	35.02	35.04	105.3	51.06	144.68	107.44
Current Portion of Long-Term Debt	106.6	247.45	102.08	75.18	-	5.01
Current Portion of Leases	-	-	20.21	44.81	24.2	37.14
Current Income Taxes Payable	2.12	5.39	6.64	2.45	4.8	0.49
Current Unearned Revenue	11.94	7.45	5.7	7.58	1.72	0.18
Other Current Liabilities	17.92	20.94	20.63	19.43	7.64	21.82
Total Current Liabilities	386.11	548.58	502.97	467.48	319.09	273.48
Long-Term Debt	1,206	460.37	276.25	231.55	40.95	-
Long-Term Leases	184.74	188.43	56.6	59.08	60.55	80.6
Long-Term Unearned Revenue	4.36	3.59	1.62	0.83	0.7	0.19
Long-Term Deferred Tax Liabilities	70.35	75.26	50.31	59.22	50.77	23.4
Total Liabilities	1,851	1,276	887.76	818.16	472.05	377.68
Common Stock	161.86	161.86	160.24	158.53	112	80
Additional Paid-In Capital	1,008	1,002	952	915.22	922.23	940.27
Retained Earnings	158.58	178.49	206.74	163.56	180.87	100.66
Treasury Stock	-58.28	-58.28	-43.95	-41.95	-	-
Comprehensive Income & Other	37.44	5.07	2.65	0.35	0.31	-0.18
Total Common Equity	1,307	1,289	1,278	1,196	1,215	1,121
Minority Interest	32.58	32.82	15.33	10.7	3.12	1.62
Shareholders' Equity	1,340	1,322	1,293	1,206	1,219	1,122
Total Liabilities & Equity	3,191	2,599	2,181	2,025	1,691	1,500
Total Debt	1,532	931.29	560.44	461.69	270.37	230.19
Net Cash (Debt)	-254.69	-321.66	36.48	131.98	451.63	659.09
Net Cash Growth	-	-	-72.36%	-70.78%	-31.48%	2929.60%
Net Cash Per Share	-1.54	-2.04	0.23	0.83	2.90	5.56
Filing Date Shares Outstanding	165.97	199.09	158.06	156.53	156.8	156.8
Total Common Shares Outstanding	165.97	199.09	158.06	156.53	156.8	156.8
Working Capital	1,398	620.86	616.44	595.87	746.46	853.41
Book Value Per Share	7.88	6.48	8.08	7.64	7.75	7.15
Tangible Book Value	1,276	1,258	1,246	1,169	1,188	1,092
Tangible Book Value Per Share	7.69	6.32	7.88	7.47	7.57	6.96
Buildings	-	-	234.09	215.11	-	-
Machinery	-	-	605.71	407.95	285.31	181.87
Construction In Progress	-	-	58.17	101.07	141.75	38.15

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