SHA:688321 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	347.75	375.55	375.9	508.98	300.55
Short-Term Investments	-	-	257.52	181.6	100.09
Trading Asset Securities	295.3	94.13	216.72	291.07	82.08
Cash & Short-Term Investments	643.05	469.69	850.14	981.65	482.71
Cash Growth	36.91%	-44.75%	-13.40%	103.36%	-31.19%
Accounts Receivable	299.79	162.97	196.82	154.81	111.44
Other Receivables	4.97	13	21.71	11.62	9.17
Receivables	304.76	175.97	218.53	166.43	120.62
Inventory	57.68	40.84	47.13	28.47	15.37
Prepaid Expenses	-	-	-	-	1.69
Other Current Assets	174.9	396.97	14.29	7.58	18.43
Total Current Assets	1,180	1,083	1,130	1,184	638.82
Property, Plant & Equipment	1,293	1,158	1,066	1,100	698.99
Long-Term Investments	228.86	245.63	268.94	29.83	-
Other Intangible Assets	417.82	448.29	183.99	202.8	216.18
Long-Term Deferred Tax Assets	2.9	1.53	2.08	24.67	22.03
Long-Term Deferred Charges	255.64	168.3	403.8	270.53	145.93
Other Long-Term Assets	271.78	146.14	148.27	83.81	172.46
Total Assets	3,650	3,251	3,203	2,896	1,894
Accounts Payable	3.78	2.19	9.03	0.32	2.23
Accrued Expenses	177.5	142.03	120.2	77.4	65.82
Short-Term Debt	159.8	100.22	130.11	185.78	120.15
Current Portion of Long-Term Debt	342.79	133.66	36.19	19.88	17.92
Current Portion of Leases	3.33	3.54	2.84	2.89	4.76
Current Income Taxes Payable	-	-	0.17	12.07	10.77
Current Unearned Revenue	0.15	0.17	0.08	0.23	0.29
Other Current Liabilities	156.55	69.5	92.18	241.96	71.89
Total Current Liabilities	843.9	451.31	390.81	540.54	293.84
Long-Term Debt	1,035	1,088	899.17	598.02	4.88
Long-Term Leases	4.89	7.76	10.06	1.29	1.42
Long-Term Unearned Revenue	101.4	83.35	77.04	86.96	78.94
Long-Term Deferred Tax Liabilities	38.88	38.96	23.45	-	-
Other Long-Term Liabilities	0.16	0	92.83	93.29	97.71
Total Liabilities	2,025	1,670	1,493	1,320	476.79
Common Stock	407.81	407.8	411.29	410.72	410.72
Additional Paid-In Capital	1,023	1,013	1,138	1,075	1,125
Retained Earnings	79.22	28.26	142.83	53.99	36.51
Treasury Stock	-15	-	-113.07	-154.59	-154.59
Comprehensive Income & Other	130.8	131.84	131.09	130.05	-0.29
Total Common Equity	1,626	1,581	1,710	1,515	1,418
Minority Interest	-	-	-	60.23	-
Shareholders' Equity	1,626	1,581	1,710	1,576	1,418
Total Liabilities & Equity	3,650	3,251	3,203	2,896	1,894
Total Debt	1,546	1,334	1,078	807.87	149.14
Net Cash (Debt)	-903.19	-863.9	-228.24	173.78	333.58
Net Cash Growth	-	-	-	-47.90%	-48.17%
Net Cash Per Share	-2.22	-2.12	-0.56	0.43	0.81
Filing Date Shares Outstanding	442.34	407.8	409.01	406.97	406.97
Total Common Shares Outstanding	407.27	407.8	409.01	406.97	406.97
Working Capital	336.49	632.16	739.28	643.59	344.98
Book Value Per Share	3.99	3.88	4.18	3.72	3.48
Tangible Book Value	1,208	1,133	1,526	1,313	1,201
Tangible Book Value Per Share	2.97	2.78	3.73	3.23	2.95
Buildings	908.16	745.57	656.92	722.9	471.88
Machinery	160.2	118.55	108.28	112.93	90.43
Construction In Progress	351.4	384.86	360.81	308.1	157.75

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