SHA:688238 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	292.59	439.44	657.05	1,244	619.01
Trading Asset Securities	-	30.26	-	9.99	-
Cash & Short-Term Investments	292.59	469.7	657.05	1,254	619.01
Cash Growth	-37.71%	-28.51%	-47.60%	102.56%	-9.70%
Accounts Receivable	120.1	99.15	88.97	95.28	42.79
Other Receivables	2.06	0.41	1.89	2.34	3.14
Receivables	122.15	99.56	90.86	97.62	45.94
Inventory	69.12	73.75	80.85	65.65	44.04
Other Current Assets	63.29	47.41	98.7	47.62	35.52
Total Current Assets	547.16	690.43	927.45	1,465	744.5
Property, Plant & Equipment	1,328	1,390	1,425	810.1	344.84
Long-Term Investments	127.43	114.84	107.49	42.34	15.85
Other Intangible Assets	55.83	54.99	55.49	51.29	52.22
Long-Term Deferred Tax Assets	31.18	29.75	47.82	20.47	13.69
Long-Term Deferred Charges	2.19	4.91	40.22	58.4	68.34
Other Long-Term Assets	-	-	-	49.14	24
Total Assets	2,092	2,285	2,603	2,496	1,263
Accounts Payable	95.3	44.41	51.1	24.81	19.64
Accrued Expenses	27.15	18.84	19.33	20.17	13.38
Short-Term Debt	250.17	70.05	-	-	-
Current Portion of Long-Term Debt	24.86	17.58	11.33	4.97	-
Current Portion of Leases	-	0.24	7.01	8.27	11.5
Current Income Taxes Payable	4.32	0.01	3.74	7.11	14.21
Current Unearned Revenue	32.52	30.09	35.04	19.57	38.48
Other Current Liabilities	9.64	148.67	186.62	102.02	39.31
Total Current Liabilities	443.95	329.89	314.17	186.93	136.52
Long-Term Debt	136.35	126.79	144.22	44.41	101.4
Long-Term Leases	9.06	0.78	28.57	34.35	52.44
Long-Term Unearned Revenue	71.19	60.71	50.45	53.19	55.41
Long-Term Deferred Tax Liabilities	3.27	0.24	5.04	5.89	-
Other Long-Term Liabilities	19.85	26.79	2.67	-	-
Total Liabilities	683.69	545.19	545.12	324.77	345.77
Common Stock	649.04	649.04	647.43	493.19	393.19
Additional Paid-In Capital	1,450	1,448	1,445	1,585	470.97
Retained Earnings	-591.04	-356.71	-34.9	93.04	53.51
Treasury Stock	-100	-	-	-	-
Comprehensive Income & Other	0.36	-0.93	0.37	-0	-
Total Common Equity	1,408	1,740	2,058	2,172	917.67
Minority Interest	0.01	-0.24	0.12	-	-
Shareholders' Equity	1,408	1,740	2,058	2,172	917.67
Total Liabilities & Equity	2,092	2,285	2,603	2,496	1,263
Total Debt	420.44	215.44	191.13	92	165.34
Net Cash (Debt)	-127.85	254.27	465.92	1,162	453.67
Net Cash Growth	-	-45.43%	-59.90%	156.10%	-33.82%
Net Cash Per Share	-0.20	0.39	0.72	1.92	0.89
Filing Date Shares Outstanding	626.49	649.04	647.43	641.15	511.15
Total Common Shares Outstanding	626.49	649.04	647.43	641.15	511.15
Working Capital	103.2	360.54	613.28	1,278	607.98
Book Value Per Share	2.25	2.68	3.18	3.39	1.80
Tangible Book Value	1,352	1,685	2,003	2,120	865.45
Tangible Book Value Per Share	2.16	2.60	3.09	3.31	1.69
Buildings	-	976.37	747.18	98.14	-
Machinery	-	486.18	365.01	140.93	119.02
Construction In Progress	-	71.19	346.32	573.01	191.78

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