SHA:688320 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	-	91.33	192.92	416.02	86.27
Cash & Short-Term Investments	73.81	91.33	192.92	416.02	86.27
Cash Growth	-19.18%	-52.66%	-53.63%	382.24%	-3.09%
Accounts Receivable	-	671.29	716.74	619.54	376.69
Other Receivables	-	4.64	9.27	3.17	2.31
Receivables	-	675.93	726.01	622.71	379
Inventory	-	394.65	457.33	477.65	234.23
Prepaid Expenses	-	0.52	3.59	-	-
Other Current Assets	-	74.65	70.39	94.44	40.06
Total Current Assets	-	1,237	1,450	1,611	739.56
Property, Plant & Equipment	-	600.98	569.89	393.69	157.21
Long-Term Investments	-	31.92	27.66	28.54	1.5
Goodwill	-	-	3.26	3.26	3.26
Other Intangible Assets	-	63.89	70.94	50.57	49.79
Long-Term Deferred Tax Assets	-	25.58	14.62	10.98	10.81
Long-Term Deferred Charges	-	7.2	11.69	13.81	6.49
Other Long-Term Assets	-	3.82	8.14	9.07	3.63
Total Assets	-	1,970	2,156	2,121	972.24
Accounts Payable	-	224.16	318.88	412.59	219.28
Accrued Expenses	-	47.21	45.43	40.05	38.37
Short-Term Debt	-	201.52	161.08	60.53	21.11
Current Portion of Long-Term Debt	-	60.05	-	-	-
Current Portion of Leases	-	8.01	7.56	3.98	1.32
Current Income Taxes Payable	-	0.04	0.03	0.11	3.56
Current Unearned Revenue	-	9.45	4.88	17.02	6.29
Other Current Liabilities	-	23.68	2.9	3.49	2.41
Total Current Liabilities	-	574.13	540.76	537.77	292.34
Long-Term Debt	-	49.99	-	-	-
Long-Term Leases	-	3.58	7.18	5.27	2.07
Long-Term Unearned Revenue	-	32.61	21.34	23.07	24
Long-Term Deferred Tax Liabilities	-	0.02	0.03	-	-
Other Long-Term Liabilities	-	-	22.55	20.56	20.22
Total Liabilities	-	660.34	591.87	586.66	338.63
Common Stock	-	151.01	151.01	151.01	113.25
Additional Paid-In Capital	-	944.94	952.55	947.02	172.29
Retained Earnings	-	283.47	465.16	438.79	348.41
Treasury Stock	-	-62.13	-	-	-
Comprehensive Income & Other	-	-0.18	-	-	-
Total Common Equity	1,250	1,317	1,569	1,537	633.96
Minority Interest	-	-6.99	-4.16	-2.74	-0.34
Shareholders' Equity	1,250	1,310	1,565	1,534	633.62
Total Liabilities & Equity	-	1,970	2,156	2,121	972.24
Total Debt	270.98	323.16	175.82	69.78	24.49
Net Cash (Debt)	-197.17	-231.83	17.1	346.24	61.78
Net Cash Growth	-	-	-95.06%	460.48%	-24.25%
Net Cash Per Share	-0.98	-1.54	0.11	2.49	0.54
Filing Date Shares Outstanding	373.85	148.41	151.01	151.01	113.25
Total Common Shares Outstanding	148.41	148.41	151.01	151.01	113.25
Working Capital	-	662.94	909.46	1,073	447.22
Book Value Per Share	8.42	8.87	10.39	10.18	5.60
Tangible Book Value	1,164	1,253	1,495	1,483	580.9
Tangible Book Value Per Share	7.84	8.44	9.90	9.82	5.13
Buildings	-	403.17	284.89	111.96	64.55
Machinery	-	320.03	275.16	206.79	131.46
Construction In Progress	-	5.52	109.73	147.08	18.39

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