SHA:688213 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	1,885	1,226	717.58	793.42	749.61
Trading Asset Securities	-	-	43.43	-	-
Cash & Short-Term Investments	1,885	1,226	761.01	793.42	749.61
Cash Growth	53.74%	61.08%	-4.08%	5.85%	-59.12%
Accounts Receivable	2,045	609.29	1,026	874.82	383.98
Other Receivables	0.69	3.41	3.36	3.31	8.75
Receivables	2,045	612.69	1,029	878.12	392.72
Inventory	4,059	3,618	2,276	2,932	1,252
Other Current Assets	640.42	503.31	580.17	409.27	525.74
Total Current Assets	8,629	5,960	4,646	5,013	2,920
Property, Plant & Equipment	1,536	1,218	864.29	727.87	743.73
Long-Term Investments	23.75	22.95	22.05	19.24	17.34
Other Intangible Assets	226.42	246.72	224.04	30.35	36.76
Long-Term Deferred Tax Assets	128.39	120.35	123.63	86.65	24.96
Long-Term Deferred Charges	269.59	226.91	177.36	104.25	96.99
Other Long-Term Assets	7.57	34.93	87.97	72.59	550.22
Total Assets	10,821	7,830	6,146	6,054	4,390
Accounts Payable	810.08	388.59	270.47	123.64	299.9
Accrued Expenses	579.95	240.09	221.51	201.28	136.99
Short-Term Debt	2,818	1,622	1,378	1,308	823.2
Current Portion of Long-Term Debt	186.78	299.75	46.97	57.24	26.88
Current Portion of Leases	21.65	8.09	4.4	4.27	3.45
Current Income Taxes Payable	37.32	7.62	7.76	7.47	21.73
Current Unearned Revenue	54.61	263.72	91.27	89.54	65.78
Other Current Liabilities	186.82	226.77	71.44	21.5	43.62
Total Current Liabilities	4,695	3,056	2,091	1,813	1,422
Long-Term Debt	781.14	518.7	258.23	476.23	320.65
Long-Term Leases	48.74	20.64	10.64	9.29	8.58
Long-Term Unearned Revenue	70.55	40.79	32.83	23.94	9.83
Long-Term Deferred Tax Liabilities	0.59	-	-	-	-
Other Long-Term Liabilities	2.74	5.1	11.7	0.35	0.92
Total Liabilities	5,599	3,642	2,405	2,323	1,762
Common Stock	402.23	399.71	400.01	400.01	360
Additional Paid-In Capital	3,410	3,259	3,144	3,129	1,979
Retained Earnings	1,467	575.93	249.1	234.89	317.64
Treasury Stock	-30.01	-30.01	-30.01	-	-
Comprehensive Income & Other	-26.63	-15.31	-22.14	-32.62	-28.67
Shareholders' Equity	5,222	4,189	3,741	3,731	2,628
Total Liabilities & Equity	10,821	7,830	6,146	6,054	4,390
Total Debt	3,856	2,469	1,698	1,855	1,183
Net Cash (Debt)	-1,971	-1,243	-936.8	-1,061	-433.14
Net Cash Per Share	-4.90	-3.10	-2.64	-2.82	-1.20
Filing Date Shares Outstanding	401.77	399.18	399.47	400.01	400.01
Total Common Shares Outstanding	401.69	399.18	399.47	400.01	360
Working Capital	3,934	2,904	2,555	3,200	1,498
Book Value Per Share	13.00	10.49	9.36	9.33	7.30
Tangible Book Value	4,996	3,942	3,517	3,701	2,592
Tangible Book Value Per Share	12.44	9.88	8.80	9.25	7.20
Buildings	624.11	622.51	619.13	618.16	617.06
Machinery	869.51	653.7	312.35	160.65	129.6
Construction In Progress	329.15	128.12	44.26	8.07	10.6

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