SHA:688248 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	-	1,717	2,229	1,841	2,280
Trading Asset Securities	-	700.61	300	568	-
Cash & Short-Term Investments	2,065	2,418	2,529	2,409	2,280
Cash Growth	-14.60%	-4.39%	4.96%	5.68%	64.44%
Accounts Receivable	-	607.21	532.2	491.63	333.35
Other Receivables	-	12.59	15.8	5.84	5.38
Receivables	-	619.8	548.01	497.47	338.74
Inventory	-	798.51	869.97	404.28	228.28
Other Current Assets	-	18.01	35.41	68.88	28.53
Total Current Assets	-	3,854	3,982	3,380	2,876
Property, Plant & Equipment	-	382.41	331.64	158.41	129.64
Long-Term Investments	-	175.86	68.59	-	5.61
Goodwill	-	23.24	23.24	-	-
Other Intangible Assets	-	122.26	97.25	41.61	31.45
Long-Term Accounts Receivable	-	63.32	27.47	41.22	80.45
Long-Term Deferred Tax Assets	-	40.11	39.07	20.62	11.35
Long-Term Deferred Charges	-	38.44	39.82	19.91	16.31
Other Long-Term Assets	-	10.1	8.77	38.01	7.88
Total Assets	-	4,710	4,618	3,700	3,158
Accounts Payable	-	767.1	697.98	487.46	454.26
Accrued Expenses	-	30.03	44.29	12.17	11.98
Current Portion of Leases	-	22.08	32.01	13.45	17.52
Current Income Taxes Payable	-	7.28	18.78	0.72	12.75
Current Unearned Revenue	-	637.28	791.43	490.34	173.06
Other Current Liabilities	-	52.48	54.8	36.58	13.68
Total Current Liabilities	-	1,516	1,639	1,041	683.25
Long-Term Leases	-	72.17	81.9	13.96	14.1
Long-Term Unearned Revenue	-	17.81	7.85	14.25	10.19
Long-Term Deferred Tax Liabilities	-	35.8	35.31	11.74	0.84
Other Long-Term Liabilities	-	42.61	32.88	29.97	18.3
Total Liabilities	-	1,685	1,797	1,111	726.68
Common Stock	-	564.7	564.7	564.7	564.7
Additional Paid-In Capital	-	1,715	1,715	1,715	1,715
Retained Earnings	-	708.85	518.86	309.77	152.02
Total Common Equity	3,199	2,988	2,798	2,589	2,432
Minority Interest	-	37.09	22.59	-	-
Shareholders' Equity	3,241	3,025	2,821	2,589	2,432
Total Liabilities & Equity	-	4,710	4,618	3,700	3,158
Total Debt	92.97	94.24	113.91	27.41	31.62
Net Cash (Debt)	1,972	2,324	2,415	2,382	2,248
Net Cash Growth	-15.14%	-3.78%	1.38%	5.95%	62.16%
Net Cash Per Share	3.51	4.14	4.29	4.17	4.72
Filing Date Shares Outstanding	564.7	564.7	564.7	564.7	564.7
Total Common Shares Outstanding	564.7	564.7	564.7	564.7	564.7
Working Capital	-	2,338	2,343	2,339	2,192
Book Value Per Share	5.66	5.29	4.96	4.59	4.31
Tangible Book Value	3,061	2,843	2,678	2,548	2,400
Tangible Book Value Per Share	5.42	5.03	4.74	4.51	4.25
Buildings	-	25.84	28.45	1.99	1.99
Machinery	-	646.05	567.57	415.76	356.1
Construction In Progress	-	4.62	1.9	3.84	6.15

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.