SHA:688277 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	264.15	260.2	310.86	211.39	287.11
Trading Asset Securities	41.65	-	50.04	40.2	120.63
Cash & Short-Term Investments	305.8	260.2	360.9	251.59	407.74
Cash Growth	17.53%	-27.90%	43.45%	-38.30%	-43.42%
Accounts Receivable	34.76	70.96	49.66	35.37	37.52
Other Receivables	10.34	12.53	9.52	11.85	10.16
Receivables	45.1	83.49	59.18	47.23	47.68
Inventory	47.29	31.67	26.23	43.8	37.94
Prepaid Expenses	-	-	-	2.99	2.75
Other Current Assets	44.7	62.61	42.49	27.8	11.3
Total Current Assets	442.89	437.97	488.8	373.41	507.42
Property, Plant & Equipment	430.39	422.67	450.35	279.47	112.35
Long-Term Investments	617.67	596.02	454.34	467.02	265.22
Other Intangible Assets	41.91	16.34	10.28	6.69	7.61
Long-Term Accounts Receivable	-	8.25	1.65	-	3.41
Long-Term Deferred Tax Assets	9.14	54.19	77.87	86	54.16
Long-Term Deferred Charges	15.32	32.54	13.85	19.38	20.23
Other Long-Term Assets	157.02	123.73	122.34	174.98	308.64
Total Assets	1,714	1,692	1,619	1,407	1,279
Accounts Payable	45.75	27.84	27.79	22.52	9.63
Accrued Expenses	31.56	35.65	43.17	53.73	37.83
Short-Term Debt	16.38	25.78	32.81	-	-
Current Portion of Long-Term Debt	23.12	18.19	20.68	3.29	-
Current Portion of Leases	-	3.94	4.9	33.47	22.59
Current Income Taxes Payable	1.34	-	-	-	-
Current Unearned Revenue	42.15	38.66	17.61	32.11	31.56
Other Current Liabilities	3.28	6.53	20.08	13.26	11.62
Total Current Liabilities	163.58	156.6	167.04	158.38	113.23
Long-Term Debt	154.25	150.37	157.75	21.25	-
Long-Term Leases	3.35	0.26	3.75	40.41	48.17
Long-Term Unearned Revenue	1.53	7.21	4.31	11.8	20.7
Long-Term Deferred Tax Liabilities	53.61	57.89	42.25	52.37	22.56
Other Long-Term Liabilities	112.01	39.24	6.85	5.18	6.82
Total Liabilities	488.34	411.58	381.95	289.39	211.48
Common Stock	455.99	449.39	449.39	419.85	419.85
Additional Paid-In Capital	1,143	1,045	1,031	668.47	670.68
Retained Earnings	-735.36	-551.92	-467.22	-310.83	-192.12
Comprehensive Income & Other	322.47	325.47	224.81	266.2	108.54
Total Common Equity	1,186	1,268	1,238	1,044	1,007
Minority Interest	39.52	12.29	-	73.88	60.62
Shareholders' Equity	1,226	1,280	1,238	1,118	1,068
Total Liabilities & Equity	1,714	1,692	1,619	1,407	1,279
Total Debt	197.09	198.54	219.89	98.42	70.76
Net Cash (Debt)	108.71	61.65	141.01	153.17	336.98
Net Cash Growth	76.32%	-56.28%	-7.94%	-54.55%	-53.24%
Net Cash Per Share	0.24	0.14	0.32	0.36	0.80
Filing Date Shares Outstanding	455.99	449.39	449.39	419.85	419.85
Total Common Shares Outstanding	455.99	449.39	449.39	419.85	419.85
Working Capital	279.31	281.37	321.76	215.03	394.19
Book Value Per Share	2.60	2.82	2.75	2.49	2.40
Tangible Book Value	1,145	1,252	1,227	1,037	999.34
Tangible Book Value Per Share	2.51	2.78	2.73	2.47	2.38
Buildings	-	364.64	360.55	132.86	-
Machinery	-	118.95	110.43	108.47	63.3
Construction In Progress	-	-	10.13	-	-

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