SHA:688323 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	-	152.21	79.5	270.75	202.87
Cash & Short-Term Investments	154.29	152.21	79.5	270.75	202.87
Cash Growth	1.36%	91.46%	-70.64%	33.46%	235.20%
Accounts Receivable	-	152.03	155.39	135.15	136.84
Other Receivables	-	0.88	0.83	0.26	0.48
Receivables	-	152.91	156.22	135.41	137.32
Inventory	-	72.54	77.99	68.99	51.23
Other Current Assets	-	3.67	13.64	7.78	18.41
Total Current Assets	-	381.33	327.35	482.93	409.83
Property, Plant & Equipment	-	1,962	1,958	1,683	1,030
Long-Term Investments	-	59.57	41.92	17.01	7.8
Other Intangible Assets	-	112.57	85.36	84.22	86.25
Long-Term Deferred Tax Assets	-	12.92	5.36	3.81	4.23
Long-Term Deferred Charges	-	9.73	9.38	11.62	5.84
Other Long-Term Assets	-	25.49	20.28	33.64	202.7
Total Assets	-	2,564	2,447	2,317	1,746
Accounts Payable	-	213.23	232.79	119.7	120.83
Accrued Expenses	-	20.39	24.28	28.77	21.48
Short-Term Debt	-	67.33	25	35	105
Current Portion of Leases	-	2.55	2.27	1.98	-
Current Income Taxes Payable	-	1.49	-	-	0.56
Current Unearned Revenue	-	0.23	0.27	0.11	2.14
Other Current Liabilities	-	180.49	10.66	24.4	32.33
Total Current Liabilities	-	485.72	295.27	209.96	282.34
Long-Term Debt	-	1,062	1,130	1,056	562.75
Long-Term Leases	-	0.39	1.5	0.61	1.45
Long-Term Unearned Revenue	-	71.37	20.05	17.96	17.2
Long-Term Deferred Tax Liabilities	-	1.05	1.28	0.94	-
Other Long-Term Liabilities	-	-	-	-	0.77
Total Liabilities	-	1,621	1,448	1,285	864.52
Common Stock	-	180	180	180	180
Additional Paid-In Capital	-	544.33	543.3	543.29	543.29
Retained Earnings	-	95.47	152.74	184.94	158.67
Comprehensive Income & Other	-	123.32	123.32	123.32	-
Total Common Equity	880.4	943.12	999.36	1,032	881.97
Shareholders' Equity	880.4	943.12	999.36	1,032	881.97
Total Liabilities & Equity	-	2,564	2,447	2,317	1,746
Total Debt	1,322	1,133	1,159	1,093	669.2
Net Cash (Debt)	-1,168	-980.37	-1,079	-822.41	-466.33
Net Cash Per Share	-6.53	-5.48	-6.06	-4.65	-2.83
Filing Date Shares Outstanding	177.63	180	180	180	180
Total Common Shares Outstanding	180	180	180	180	180
Working Capital	-	-104.38	32.07	272.97	127.48
Book Value Per Share	4.89	5.24	5.55	5.73	4.90
Tangible Book Value	769.47	830.55	914	947.34	795.72
Tangible Book Value Per Share	4.27	4.61	5.08	5.26	4.42
Buildings	-	580.73	473.68	139.67	139.67
Machinery	-	1,163	842.36	597.67	571.85
Construction In Progress	-	658.66	987.78	1,236	562.03

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