SHA:688306 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	-	637.36	776.99	672.34	336.23
Trading Asset Securities	-	25.02	200.25	200.78	-
Cash & Short-Term Investments	625.35	662.38	977.24	873.11	336.23
Cash Growth	-5.59%	-32.22%	11.93%	159.68%	1.57%
Accounts Receivable	-	531.69	381.14	453.66	209.41
Other Receivables	-	27.8	9.23	12.73	8.61
Receivables	-	559.49	390.37	466.39	218.02
Inventory	-	1,618	1,931	1,892	1,498
Other Current Assets	-	78.57	85.47	71.69	74.39
Total Current Assets	-	2,918	3,384	3,303	2,127
Property, Plant & Equipment	-	755.69	748.81	596.26	423.77
Goodwill	-	652.93	682.12	651.11	631.71
Other Intangible Assets	-	104.16	111.85	109.04	102.94
Long-Term Deferred Tax Assets	-	225.4	228.56	147.02	117.79
Long-Term Deferred Charges	-	0.78	0.66	0.97	2.28
Other Long-Term Assets	-	17.27	-	-	-
Total Assets	-	4,674	5,156	4,808	3,405
Accounts Payable	-	317.51	404.93	460.4	332.65
Accrued Expenses	-	146.96	165.56	129.29	130.25
Short-Term Debt	-	105.2	189.85	491.75	561.17
Current Portion of Long-Term Debt	-	591.99	219.77	64.12	200.06
Current Portion of Leases	-	30.69	32.18	27.14	23.41
Current Income Taxes Payable	-	7.62	0.75	9.29	4.58
Current Unearned Revenue	-	1,313	1,458	1,055	772.33
Other Current Liabilities	-	13.16	20.33	15.5	23.89
Total Current Liabilities	-	2,526	2,491	2,253	2,048
Long-Term Debt	-	244.18	718.99	437.8	725.44
Long-Term Leases	-	48.36	20.91	32.83	40.76
Long-Term Unearned Revenue	-	0.76	0.98	1.2	1.42
Pension & Post-Retirement Benefits	-	70.43	70.92	61.76	84.02
Long-Term Deferred Tax Liabilities	-	2.19	6.24	14.15	4.08
Other Long-Term Liabilities	-	25.34	21.61	21.1	22.97
Total Liabilities	-	2,917	3,331	2,821	2,927
Common Stock	-	1,228	1,228	1,228	921.21
Additional Paid-In Capital	-	1,414	1,421	1,414	301.9
Retained Earnings	-	-835.68	-843.88	-637.77	-680.05
Treasury Stock	-	-49.61	-4.53	-	-
Comprehensive Income & Other	-	-0.12	28.21	-17.29	-64.82
Total Common Equity	1,809	1,757	1,829	1,987	478.24
Minority Interest	-	-	-4.38	-0.74	-0.09
Shareholders' Equity	1,809	1,757	1,825	1,986	478.15
Total Liabilities & Equity	-	4,674	5,156	4,808	3,405
Total Debt	1,173	1,020	1,182	1,054	1,551
Net Cash (Debt)	-548.15	-358.03	-204.46	-180.53	-1,215
Net Cash Per Share	-0.45	-0.29	-0.17	-0.17	-1.32
Filing Date Shares Outstanding	802.59	1,216	1,227	1,228	921.21
Total Common Shares Outstanding	802.59	1,216	1,227	1,228	921.21
Working Capital	-	392.24	892.61	1,051	78.35
Book Value Per Share	1.10	1.44	1.49	1.62	0.52
Tangible Book Value	982.06	1,000	1,035	1,227	-256.4
Tangible Book Value Per Share	0.60	0.82	0.84	1.00	-0.28
Buildings	-	707.86	359.75	339.59	325
Machinery	-	233.46	238.66	214.34	197.72
Construction In Progress	-	-	347.09	195.89	20.1
Order Backlog	-	3,150	-	-	-

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