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	643.88	637.36	776.99	672.34	336.23
Trading Asset Securities	-	25.02	200.25	200.78	-
Cash & Short-Term Investments	643.88	662.38	977.24	873.11	336.23
Cash Growth	-2.79%	-32.22%	11.93%	159.68%	1.57%
Accounts Receivable	447.36	531.69	381.14	453.66	209.41
Other Receivables	32.98	27.8	9.23	12.73	8.61
Receivables	480.34	559.49	390.37	466.39	218.02
Inventory	1,641	1,618	1,931	1,892	1,498
Other Current Assets	85.69	78.57	85.47	71.69	74.39
Total Current Assets	2,851	2,918	3,384	3,303	2,127
Property, Plant & Equipment	788.47	755.69	748.81	596.26	423.77
Goodwill	714.55	652.93	682.12	651.11	631.71
Other Intangible Assets	103.31	104.16	111.85	109.04	102.94
Long-Term Deferred Tax Assets	241.63	225.4	228.56	147.02	117.79
Long-Term Deferred Charges	4.75	0.78	0.66	0.97	2.28
Other Long-Term Assets	17.27	17.27	-	-	-
Total Assets	4,721	4,674	5,156	4,808	3,405
Accounts Payable	406.55	317.51	404.93	460.4	332.65
Accrued Expenses	126.36	146.96	165.56	129.29	130.25
Short-Term Debt	476.27	105.2	189.85	491.75	561.17
Current Portion of Long-Term Debt	126.09	591.99	219.77	64.12	200.06
Current Portion of Leases	-	30.69	32.18	27.14	23.41
Current Income Taxes Payable	33.58	7.62	0.75	9.29	4.58
Current Unearned Revenue	1,066	1,313	1,458	1,055	772.33
Other Current Liabilities	42.66	13.16	20.33	15.5	23.89
Total Current Liabilities	2,278	2,526	2,491	2,253	2,048
Long-Term Debt	470.68	244.18	718.99	437.8	725.44
Long-Term Leases	29.38	48.36	20.91	32.83	40.76
Long-Term Unearned Revenue	0.55	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	2.15	2.19	6.24	14.15	4.08
Other Long-Term Liabilities	93.21	25.34	21.61	21.1	22.97
Total Liabilities	2,874	2,917	3,331	2,821	2,927
Common Stock	1,228	1,228	1,228	1,228	921.21
Additional Paid-In Capital	1,414	1,414	1,421	1,414	301.9
Retained Earnings	-823.46	-835.68	-843.88	-637.77	-680.05
Treasury Stock	-52.63	-49.61	-4.53	-	-
Comprehensive Income & Other	79.94	-0.12	28.21	-17.29	-64.82
Total Common Equity	1,846	1,757	1,829	1,987	478.24
Minority Interest	0.42	-	-4.38	-0.74	-0.09
Shareholders' Equity	1,847	1,757	1,825	1,986	478.15
Total Liabilities & Equity	4,721	4,674	5,156	4,808	3,405
Total Debt	1,102	1,020	1,182	1,054	1,551
Net Cash (Debt)	-458.55	-358.03	-204.46	-180.53	-1,215
Net Cash Per Share	-0.38	-0.29	-0.17	-0.17	-1.32
Filing Date Shares Outstanding	1,194	1,216	1,227	1,228	921.21
Total Common Shares Outstanding	1,194	1,216	1,227	1,228	921.21
Working Capital	572.89	392.24	892.61	1,051	78.35
Book Value Per Share	1.55	1.44	1.49	1.62	0.52
Tangible Book Value	1,029	1,000	1,035	1,227	-256.4
Tangible Book Value Per Share	0.86	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.