SHA:688345 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	377.23	222.29	354.23	448.59	505.83
Trading Asset Securities	0.8	-	-	-	-
Cash & Short-Term Investments	378.03	222.29	354.23	448.59	505.83
Cash Growth	70.06%	-37.25%	-21.04%	-11.32%	293.13%
Accounts Receivable	659.63	654.26	642.75	538.07	595.44
Other Receivables	104.19	127.12	158.08	4.42	25.13
Receivables	763.82	781.38	800.82	542.49	620.57
Inventory	477.36	478.39	391.15	504.18	549.05
Other Current Assets	48.86	35.17	17.52	206.92	38.71
Total Current Assets	1,668	1,517	1,564	1,702	1,714
Property, Plant & Equipment	955.11	898.18	835.73	736.81	342.78
Long-Term Investments	62.46	59.16	66.96	30	30
Goodwill	0.33	0.33	-	-	-
Other Intangible Assets	101.41	102.77	105.64	65.92	65.06
Long-Term Accounts Receivable	16.13	0.02	-	4.17	-
Long-Term Deferred Tax Assets	85.67	82.97	49.35	14.66	7.74
Long-Term Deferred Charges	8.75	17.26	17.18	19.11	15.23
Other Long-Term Assets	4.5	14.34	12.51	18.02	44.67
Total Assets	2,902	2,692	2,651	2,591	2,220
Accounts Payable	1,225	1,016	831.2	624.3	633.55
Accrued Expenses	90.58	50.44	41.76	41.49	47.11
Short-Term Debt	12.75	221.32	169.88	202.32	159.8
Current Portion of Long-Term Debt	12.59	130.08	143.46	28.79	-
Current Portion of Leases	0.6	6.76	5.67	15.48	9.77
Current Income Taxes Payable	0.06	0.2	0.21	0.75	0.32
Current Unearned Revenue	109.38	62.02	44.39	46.49	43.23
Other Current Liabilities	79.39	64.89	92.55	61.33	130.62
Total Current Liabilities	1,531	1,552	1,329	1,021	1,024
Long-Term Debt	194.29	12.7	110.88	250.95	-
Long-Term Leases	3.73	24.57	31.39	87.48	44.94
Long-Term Unearned Revenue	18.9	17.78	3.73	1.14	-
Long-Term Deferred Tax Liabilities	4.41	7.89	9.45	0.04	-
Other Long-Term Liabilities	23.61	23.76	9.01	10.83	6.5
Total Liabilities	1,776	1,638	1,494	1,371	1,076
Common Stock	101.15	100	100	100	100
Additional Paid-In Capital	757.77	737.65	737.65	737.65	737.65
Retained Earnings	277.72	221.84	318.45	392.23	302.04
Treasury Stock	-17.6	-6	-	-	-
Comprehensive Income & Other	2.57	-4.99	1.4	-14.53	0.94
Total Common Equity	1,122	1,048	1,157	1,215	1,141
Minority Interest	5.2	5.46	-	4.15	3.19
Shareholders' Equity	1,127	1,054	1,157	1,219	1,144
Total Liabilities & Equity	2,902	2,692	2,651	2,591	2,220
Total Debt	223.96	395.43	461.28	585.02	214.51
Net Cash (Debt)	154.06	-173.13	-107.05	-136.43	291.32
Net Cash Growth	-	-	-	-	281.65%
Net Cash Per Share	1.54	-1.74	-1.08	-1.36	3.33
Filing Date Shares Outstanding	100.84	93.05	100	100	100
Total Common Shares Outstanding	100.84	93.05	100	100	100
Working Capital	137.39	-34.38	234.59	681.23	689.76
Book Value Per Share	11.12	11.27	11.57	12.15	11.41
Tangible Book Value	1,020	945.39	1,052	1,149	1,076
Tangible Book Value Per Share	10.11	10.16	10.52	11.49	10.76
Buildings	606.39	489.5	473.18	-	-
Machinery	398.64	346.5	304.49	267.22	129.1
Construction In Progress	67.93	101.35	36.37	390.75	165.02

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