SHA:688260 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	-	48.5	24.07	28.41	40.11
Trading Asset Securities	-	-	-	-	31.58
Cash & Short-Term Investments	37.15	48.5	24.07	28.41	71.69
Cash Growth	-23.40%	101.47%	-15.26%	-60.37%	212.25%
Accounts Receivable	-	228.6	288.87	268.18	233.31
Other Receivables	-	2.61	5.38	13.1	30.84
Receivables	-	231.21	294.25	281.28	264.15
Inventory	-	86.61	93.42	106.47	87.04
Prepaid Expenses	-	0.36	-	-	1.31
Other Current Assets	-	15.52	71.87	40.85	31.14
Total Current Assets	-	382.2	483.62	457.02	455.32
Property, Plant & Equipment	-	966	935.86	664.02	379.51
Long-Term Investments	-	22.96	-	-	-
Other Intangible Assets	-	27.97	26.2	18.22	19.01
Long-Term Deferred Tax Assets	-	56.01	37.55	34.5	2.27
Long-Term Deferred Charges	-	38.31	45.67	43.93	31.91
Other Long-Term Assets	-	38.19	85.62	106.45	102.44
Total Assets	-	1,532	1,615	1,324	990.47
Accounts Payable	-	283.65	165.5	194.9	147.01
Accrued Expenses	-	23.25	18.07	19.21	19.7
Short-Term Debt	-	347.26	457.8	396.19	214.82
Current Portion of Long-Term Debt	-	68.19	14.18	13.71	-
Current Portion of Leases	-	17.85	40.2	58.78	35.18
Current Income Taxes Payable	-	-	0.69	0.79	1.05
Current Unearned Revenue	-	3.91	1.7	0.74	1
Other Current Liabilities	-	9.3	8.81	20.4	14.68
Total Current Liabilities	-	753.4	706.94	704.73	433.46
Long-Term Debt	-	519.72	551.34	108.57	-
Long-Term Leases	-	17.5	38.4	79.56	58.19
Long-Term Unearned Revenue	-	42.3	16.79	1.33	-
Long-Term Deferred Tax Liabilities	-	-	-	11.4	1.43
Other Long-Term Liabilities	-	-	2.31	-	-
Total Liabilities	-	1,333	1,316	905.59	493.09
Common Stock	-	120	120	120	120
Additional Paid-In Capital	-	339.45	331.72	313.85	301.95
Retained Earnings	-	-236.54	-112.59	13.55	97.74
Total Common Equity	123.27	222.91	339.13	447.4	519.69
Minority Interest	-	-24.19	-40.38	-28.85	-22.31
Shareholders' Equity	102.19	198.72	298.75	418.55	497.38
Total Liabilities & Equity	-	1,532	1,615	1,324	990.47
Total Debt	923.69	970.51	1,102	656.82	308.2
Net Cash (Debt)	-886.54	-922.01	-1,078	-628.41	-236.51
Net Cash Per Share	-7.40	-7.68	-8.98	-5.26	-2.15
Filing Date Shares Outstanding	119.26	120	120	120	120
Total Common Shares Outstanding	120	120	120	120	120
Working Capital	-	-371.2	-223.32	-247.72	21.86
Book Value Per Share	1.03	1.86	2.83	3.73	4.33
Tangible Book Value	96.27	194.94	312.93	429.17	500.68
Tangible Book Value Per Share	0.80	1.62	2.61	3.58	4.17
Buildings	-	301.34	179.59	-	-
Machinery	-	1,030	838.9	483.32	396.72
Construction In Progress	-	56.81	212.61	387.51	83.71

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