SHA:688334 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	-	1,054	863.75	286.27	455.41
Short-Term Investments	-	267.48	430.14	-	-
Cash & Short-Term Investments	1,782	1,322	1,294	286.27	455.41
Cash Growth	34.84%	2.16%	351.98%	-37.14%	143.82%
Accounts Receivable	-	172.14	216.11	92.34	103.38
Other Receivables	-	0.81	25.31	6.66	1.47
Receivables	-	172.96	241.41	99.01	104.85
Inventory	-	51.85	54.02	79.22	74.48
Prepaid Expenses	-	8.83	11.08	16.57	10.41
Other Current Assets	-	21.62	22.2	21.83	10.45
Total Current Assets	-	1,577	1,623	502.9	655.61
Property, Plant & Equipment	-	1,095	922.13	883.99	940.8
Long-Term Investments	-	718.69	927.9	720.7	437.78
Goodwill	-	23.72	23.72	24.4	25.54
Other Intangible Assets	-	127.24	102.84	104.17	103.6
Long-Term Accounts Receivable	-	-	-	0.02	-
Long-Term Deferred Tax Assets	-	3	3.76	1.81	2.49
Other Long-Term Assets	-	3.4	32.98	16.86	5.9
Total Assets	-	3,548	3,636	2,255	2,172
Accounts Payable	-	124.43	148.18	44.53	39.52
Accrued Expenses	-	12.03	7.45	7.51	9.98
Current Portion of Long-Term Debt	-	3.8	3.8	3.8	3.8
Current Portion of Leases	-	3.8	3.64	3.13	2.99
Current Income Taxes Payable	-	5.97	7.15	-	1.06
Current Unearned Revenue	-	282.27	195.33	171.5	170.8
Other Current Liabilities	-	58.32	24.79	5.86	31.97
Total Current Liabilities	-	490.63	390.33	236.34	260.11
Long-Term Debt	-	9.6	13.41	17.21	21.01
Long-Term Leases	-	0.19	4.86	6.7	9.84
Long-Term Unearned Revenue	-	80.19	90.04	104.04	124.34
Pension & Post-Retirement Benefits	-	11.16	10.05	7.9	9.05
Long-Term Deferred Tax Liabilities	-	26.99	28.87	30.96	26.55
Other Long-Term Liabilities	-	0.46	1.2	1.04	1.43
Total Liabilities	-	619.24	538.75	404.18	452.34
Common Stock	-	316.58	316.58	237.43	237.43
Additional Paid-In Capital	-	2,127	2,473	1,509	1,509
Retained Earnings	-	335.29	269.65	103.99	-26.37
Comprehensive Income & Other	-	-0.6	0.01	0.08	-0.85
Total Common Equity	2,858	2,778	3,060	1,851	1,719
Minority Interest	-	150.72	37.61	-	-
Shareholders' Equity	3,065	2,929	3,097	1,851	1,719
Total Liabilities & Equity	-	3,548	3,636	2,255	2,172
Total Debt	48.17	17.4	25.71	30.84	37.63
Net Cash (Debt)	1,734	1,304	1,268	255.43	417.77
Net Cash Growth	32.95%	2.86%	396.49%	-38.86%	164.12%
Net Cash Per Share	5.48	4.12	4.58	1.08	2.66
Filing Date Shares Outstanding	316.58	316.58	316.58	237.43	237.43
Total Common Shares Outstanding	316.58	316.58	316.58	237.43	237.43
Working Capital	-	1,086	1,232	266.56	395.5
Book Value Per Share	9.03	8.78	9.66	7.79	7.24
Tangible Book Value	2,713	2,627	2,933	1,722	1,590
Tangible Book Value Per Share	8.57	8.30	9.26	7.25	6.70
Buildings	-	844.53	692.38	690.95	691.09
Machinery	-	2,027	1,882	1,718	1,655
Construction In Progress	-	6.67	6.84	2.63	13.83

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