SHA:688323 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	193.47	138.17	152.21	79.5	270.75	202.87
Cash & Short-Term Investments	193.47	138.17	152.21	79.5	270.75	202.87
Cash Growth	36.89%	-9.23%	91.46%	-70.64%	33.46%	235.20%
Accounts Receivable	176.5	183.06	152.03	155.39	135.15	136.84
Other Receivables	0.97	0.75	0.88	0.83	0.26	0.48
Receivables	177.47	183.81	152.91	156.22	135.41	137.32
Inventory	120.88	100.85	72.54	77.99	68.99	51.23
Other Current Assets	8.55	8.28	3.67	13.64	7.78	18.41
Total Current Assets	500.36	431.11	381.33	327.35	482.93	409.83
Property, Plant & Equipment	1,869	1,875	1,962	1,958	1,683	1,030
Long-Term Investments	54.73	56.74	59.57	41.92	17.01	7.8
Other Intangible Assets	108.95	109.94	112.57	85.36	84.22	86.25
Long-Term Deferred Tax Assets	24.52	23.94	12.92	5.36	3.81	4.23
Long-Term Deferred Charges	6.89	6.76	9.73	9.38	11.62	5.84
Other Long-Term Assets	23.68	17.06	25.49	20.28	33.64	202.7
Total Assets	2,588	2,520	2,564	2,447	2,317	1,746
Accounts Payable	167.04	155.7	213.23	232.79	119.7	120.83
Accrued Expenses	11.56	16.41	20.39	24.28	28.77	21.48
Short-Term Debt	247.47	207.81	67.33	25	35	105
Current Portion of Long-Term Debt	168.37	273.77	-	-	-	-
Current Portion of Leases	-	-	2.55	2.27	1.98	-
Current Income Taxes Payable	7.12	9.86	1.49	-	-	0.56
Current Unearned Revenue	0.9	2.07	0.23	0.27	0.11	2.14
Other Current Liabilities	19.61	27.15	180.49	10.66	24.4	32.33
Total Current Liabilities	622.07	692.78	485.72	295.27	209.96	282.34
Long-Term Debt	1,005	855.43	1,062	1,130	1,056	562.75
Long-Term Leases	1.92	0.16	0.39	1.5	0.61	1.45
Long-Term Unearned Revenue	118.99	119.9	71.37	20.05	17.96	17.2
Long-Term Deferred Tax Liabilities	1.16	0.8	1.05	1.28	0.94	-
Other Long-Term Liabilities	-	-	-	-	-	0.77
Total Liabilities	1,749	1,669	1,621	1,448	1,285	864.52
Common Stock	180	180	180	180	180	180
Additional Paid-In Capital	555.09	544.68	544.33	543.3	543.29	543.29
Retained Earnings	-19.51	3.12	95.47	152.74	184.94	158.67
Comprehensive Income & Other	123.31	123.32	123.32	123.32	123.32	-
Total Common Equity	838.9	851.12	943.12	999.36	1,032	881.97
Shareholders' Equity	838.9	851.12	943.12	999.36	1,032	881.97
Total Liabilities & Equity	2,588	2,520	2,564	2,447	2,317	1,746
Total Debt	1,422	1,337	1,133	1,159	1,093	669.2
Net Cash (Debt)	-1,229	-1,199	-980.37	-1,079	-822.41	-466.33
Net Cash Per Share	-6.88	-6.62	-5.48	-6.06	-4.65	-2.83
Filing Date Shares Outstanding	174.09	186.67	180	180	180	180
Total Common Shares Outstanding	174.09	186.67	180	180	180	180
Working Capital	-121.71	-261.67	-104.38	32.07	272.97	127.48
Book Value Per Share	4.82	4.56	5.24	5.55	5.73	4.90
Tangible Book Value	729.95	741.18	830.55	914	947.34	795.72
Tangible Book Value Per Share	4.19	3.97	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

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