SHA:688280 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	-	78.28	288.78	897.17	1,605
Cash & Short-Term Investments	369.15	78.28	288.78	897.17	1,605
Cash Growth	371.56%	-72.89%	-67.81%	-44.09%	729.70%
Accounts Receivable	-	535.69	390.75	464.23	386.07
Other Receivables	-	8.31	9.82	5.39	5.32
Receivables	-	543.99	400.57	469.63	391.39
Inventory	-	590.72	633.1	505.43	430.2
Other Current Assets	-	86.57	112.11	80.59	106.99
Total Current Assets	-	1,300	1,435	1,953	2,533
Property, Plant & Equipment	-	1,122	942.32	914.02	780.16
Other Intangible Assets	-	24.47	27.26	25.75	22.69
Long-Term Accounts Receivable	-	-	1.28	3.35	-
Long-Term Deferred Tax Assets	-	86.56	90.18	51.63	30.06
Long-Term Deferred Charges	-	29.79	27.63	4.61	3.88
Other Long-Term Assets	-	6.45	32.38	29.89	8.39
Total Assets	-	2,569	2,556	2,982	3,378
Accounts Payable	-	734.15	465.03	438.33	424.28
Accrued Expenses	-	52.7	32.68	38.3	41.89
Short-Term Debt	-	197.39	177.45	241.82	368.56
Current Portion of Long-Term Debt	-	22.29	19.95	0.03	-
Current Portion of Leases	-	40.11	46.88	51.1	28.11
Current Unearned Revenue	-	305.83	245.12	131.73	135.92
Other Current Liabilities	-	146.93	177.69	107.58	218.56
Total Current Liabilities	-	1,499	1,165	1,009	1,217
Long-Term Debt	-	96.8	9.7	19.9	-
Long-Term Leases	-	174.38	144.82	165.77	50.44
Long-Term Unearned Revenue	-	158.79	103.17	158.46	88.49
Long-Term Deferred Tax Liabilities	-	27.96	21.58	-	-
Other Long-Term Liabilities	-	31.48	96.56	42.8	12.68
Total Liabilities	-	1,989	1,541	1,396	1,369
Common Stock	-	590.22	590.22	590.22	590.22
Additional Paid-In Capital	-	2,602	2,603	2,603	2,603
Retained Earnings	-	-2,633	-2,197	-1,622	-1,196
Comprehensive Income & Other	-	21.16	18.57	14.77	12.6
Shareholders' Equity	666.06	579.72	1,015	1,586	2,009
Total Liabilities & Equity	-	2,569	2,556	2,982	3,378
Total Debt	429.06	530.96	398.8	478.63	447.11
Net Cash (Debt)	-59.91	-452.68	-110.02	418.54	1,157
Net Cash Growth	-	-	-	-63.84%	-
Net Cash Per Share	-0.10	-0.77	-0.19	0.71	2.49
Filing Date Shares Outstanding	590.22	590.22	590.22	590.22	590.22
Total Common Shares Outstanding	590.22	590.22	590.22	590.22	590.22
Working Capital	-	-199.84	269.78	943.91	1,316
Book Value Per Share	1.13	0.98	1.72	2.69	3.40
Tangible Book Value	645.33	555.25	987.73	1,560	1,987
Tangible Book Value Per Share	1.09	0.94	1.67	2.64	3.37
Buildings	-	217.92	103.16	94.02	85.96
Machinery	-	1,130	968.32	810.8	657.72
Construction In Progress	-	39.16	121.63	158.09	203.19

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