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	1,180	1,717	2,229	1,841	2,280
Trading Asset Securities	1,002	700.61	300	568	-
Cash & Short-Term Investments	2,182	2,418	2,529	2,409	2,280
Cash Growth	-9.76%	-4.39%	4.96%	5.68%	64.44%
Accounts Receivable	805.86	607.21	532.2	491.63	333.35
Other Receivables	11.2	12.59	15.8	5.84	5.38
Receivables	817.07	619.8	548.01	497.47	338.74
Inventory	809.56	798.51	869.97	404.28	228.28
Other Current Assets	453.22	18.01	35.41	68.88	28.53
Total Current Assets	4,262	3,854	3,982	3,380	2,876
Property, Plant & Equipment	381.05	382.41	331.64	158.41	129.64
Long-Term Investments	186.13	175.86	68.59	-	5.61
Goodwill	23.24	23.24	23.24	-	-
Other Intangible Assets	127.93	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	42.28	40.11	39.07	20.62	11.35
Long-Term Deferred Charges	29.02	38.44	39.82	19.91	16.31
Other Long-Term Assets	74.52	10.1	8.77	38.01	7.88
Total Assets	5,126	4,710	4,618	3,700	3,158
Accounts Payable	841.52	767.1	697.98	487.46	454.26
Accrued Expenses	23.79	30.03	44.29	12.17	11.98
Current Portion of Long-Term Debt	31.86	-	-	-	-
Current Portion of Leases	-	22.08	32.01	13.45	17.52
Current Income Taxes Payable	53.41	7.28	18.78	0.72	12.75
Current Unearned Revenue	699.28	637.28	791.43	490.34	173.06
Other Current Liabilities	24.61	52.48	54.8	36.58	13.68
Total Current Liabilities	1,674	1,516	1,639	1,041	683.25
Long-Term Leases	54.68	72.17	81.9	13.96	14.1
Long-Term Unearned Revenue	13.66	17.81	7.85	14.25	10.19
Long-Term Deferred Tax Liabilities	41.63	35.8	35.31	11.74	0.84
Other Long-Term Liabilities	36.8	42.61	32.88	29.97	18.3
Total Liabilities	1,821	1,685	1,797	1,111	726.68
Common Stock	564.7	564.7	564.7	564.7	564.7
Additional Paid-In Capital	1,715	1,715	1,715	1,715	1,715
Retained Earnings	980.04	708.85	518.86	309.77	152.02
Comprehensive Income & Other	0.07	-	-	-	-
Total Common Equity	3,260	2,988	2,798	2,589	2,432
Minority Interest	44.51	37.09	22.59	-	-
Shareholders' Equity	3,305	3,025	2,821	2,589	2,432
Total Liabilities & Equity	5,126	4,710	4,618	3,700	3,158
Total Debt	86.54	94.24	113.91	27.41	31.62
Net Cash (Debt)	2,095	2,324	2,415	2,382	2,248
Net Cash Growth	-9.83%	-3.78%	1.38%	5.95%	62.16%
Net Cash Per Share	3.73	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	2,587	2,338	2,343	2,339	2,192
Book Value Per Share	5.77	5.29	4.96	4.59	4.31
Tangible Book Value	3,109	2,843	2,678	2,548	2,400
Tangible Book Value Per Share	5.51	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.