SHA:688239 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	-	768.46	322.25	326.37	159.78
Cash & Short-Term Investments	615.04	768.46	322.25	326.37	159.78
Cash Growth	-19.96%	138.47%	-1.26%	104.26%	140.37%
Accounts Receivable	-	1,213	984.31	749.46	618.18
Other Receivables	-	4.48	17.4	0.21	1.12
Receivables	-	1,217	1,002	749.7	619.47
Inventory	-	889.05	875	795.1	573.61
Prepaid Expenses	-	-	-	-	1.57
Other Current Assets	-	90.26	39.63	110.91	88.32
Total Current Assets	-	2,965	2,239	1,982	1,443
Property, Plant & Equipment	-	1,013	907.08	848.19	640.89
Long-Term Investments	-	66.89	66.09	2.69	1.62
Goodwill	-	21.68	-	-	-
Other Intangible Assets	-	142.32	38.12	39.5	33.72
Long-Term Accounts Receivable	-	6.64	1.76	1.86	0.46
Long-Term Deferred Tax Assets	-	40.46	41.67	37.84	18.87
Long-Term Deferred Charges	-	5.55	2.32	1.51	2.03
Other Long-Term Assets	-	24.83	113.03	76.01	59.35
Total Assets	-	4,287	3,409	2,990	2,200
Accounts Payable	-	727.82	710.71	788.14	548.92
Accrued Expenses	-	33.01	26.23	31.93	23.52
Short-Term Debt	-	272.09	306.29	255.08	284.05
Current Portion of Long-Term Debt	-	133.6	111.79	81.03	2.02
Current Portion of Leases	-	3.03	2.09	1.63	0.56
Current Income Taxes Payable	-	19.1	12.48	17.81	11.92
Current Unearned Revenue	-	3.42	5.25	10.5	2.67
Other Current Liabilities	-	43.91	89.96	129.5	77.2
Total Current Liabilities	-	1,236	1,265	1,316	950.87
Long-Term Debt	-	976.4	321.64	369.89	159.16
Long-Term Leases	-	2.7	3.27	4.36	1.55
Long-Term Unearned Revenue	-	212.32	115.7	52.12	47.71
Long-Term Deferred Tax Liabilities	-	2.34	1.01	1.26	0.02
Total Liabilities	-	2,430	1,706	1,743	1,159
Common Stock	-	147.79	147.56	142.71	140
Additional Paid-In Capital	-	1,111	1,123	848.63	705.59
Retained Earnings	-	652.27	494.44	350.09	194.8
Treasury Stock	-	-63.04	-78.32	-94.98	-
Comprehensive Income & Other	-	-13.99	0.6	-	-
Total Common Equity	1,953	1,834	1,687	1,246	1,040
Minority Interest	-	22.7	14.97	-	-
Shareholders' Equity	1,981	1,857	1,702	1,246	1,040
Total Liabilities & Equity	-	4,287	3,409	2,990	2,200
Total Debt	1,476	1,388	745.09	711.99	447.33
Net Cash (Debt)	-860.78	-619.36	-422.84	-385.62	-287.56
Net Cash Per Share	-4.54	-3.23	-2.26	-2.12	-1.80
Filing Date Shares Outstanding	190.38	191.15	185.64	182.56	182
Total Common Shares Outstanding	190.38	191.15	185.64	182.56	182
Working Capital	-	1,729	973.94	666.47	491.88
Book Value Per Share	-	9.60	9.09	6.83	5.72
Tangible Book Value	1,792	1,670	1,649	1,207	1,007
Tangible Book Value Per Share	-	8.74	8.88	6.61	5.53
Buildings	-	531.86	525.97	388.44	153.88
Machinery	-	650.92	609.53	533.87	237.56
Construction In Progress	-	147.27	26.44	131.05	428.27
Order Backlog	-	4,848	-	-	-

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