SHA:688353 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	-	782.15	2,044	2,842	234.57
Trading Asset Securities	-	917.44	80	-	-
Cash & Short-Term Investments	1,269	1,700	2,124	2,842	234.57
Cash Growth	-25.35%	-19.98%	-25.27%	1111.71%	303.49%
Accounts Receivable	-	363.26	355.3	283.35	559.54
Other Receivables	-	3.34	1.46	2.98	0.62
Receivables	-	366.59	356.76	286.34	560.16
Inventory	-	87.07	107.54	78.2	60.86
Other Current Assets	-	49.24	50.58	22.86	13.93
Total Current Assets	-	2,202	2,639	3,230	869.51
Property, Plant & Equipment	-	1,700	1,512	1,089	452.52
Long-Term Investments	-	105.78	-	-	-
Other Intangible Assets	-	205.82	179.56	148.66	82.15
Long-Term Deferred Tax Assets	-	48.23	16.49	9.83	5.45
Long-Term Deferred Charges	-	0.59	0.68	0.42	1.01
Other Long-Term Assets	-	27.02	74.06	61.29	138.49
Total Assets	-	4,290	4,422	4,539	1,549
Accounts Payable	-	285.79	225.89	343.68	142.42
Accrued Expenses	-	24.71	25.35	31.28	37.52
Short-Term Debt	-	-	3.46	-	133.36
Current Portion of Long-Term Debt	-	6.09	0.83	0.08	-
Current Portion of Leases	-	0.22	0.73	0.76	0.71
Current Income Taxes Payable	-	0	0	11.57	27.91
Current Unearned Revenue	-	0.2	0.04	0.03	80.88
Other Current Liabilities	-	183.15	190.71	110.8	47.29
Total Current Liabilities	-	500.16	447.02	498.21	470.09
Long-Term Debt	-	169.25	123.1	75	-
Long-Term Leases	-	-	0.47	1.29	1.46
Long-Term Unearned Revenue	-	23.93	27.93	31.6	20.08
Long-Term Deferred Tax Liabilities	-	0.05	-	0.12	-
Other Long-Term Liabilities	-	30.2	30.2	-	-
Total Liabilities	-	723.59	628.71	606.22	491.63
Common Stock	-	159.5	159.5	110	82
Additional Paid-In Capital	-	2,907	2,905	2,954	404.88
Retained Earnings	-	431.77	653.72	787.64	526.82
Treasury Stock	-	-50.32	-10	-	-
Comprehensive Income & Other	-	19.34	21.1	20.2	14.53
Total Common Equity	3,303	3,468	3,729	3,872	1,028
Minority Interest	-	98.76	64.18	60.46	29.26
Shareholders' Equity	3,402	3,566	3,793	3,932	1,057
Total Liabilities & Equity	-	4,290	4,422	4,539	1,549
Total Debt	355.29	175.56	128.6	77.13	135.53
Net Cash (Debt)	913.45	1,524	1,995	2,765	99.03
Net Cash Growth	-40.06%	-23.62%	-27.84%	2692.08%	-
Net Cash Per Share	5.51	9.60	12.52	20.36	0.83
Filing Date Shares Outstanding	195.35	157.37	159.17	159.5	118.9
Total Common Shares Outstanding	154.81	157.37	159.17	159.5	118.9
Working Capital	-	1,702	2,192	2,731	399.42
Book Value Per Share	21.33	22.04	23.43	24.28	8.65
Tangible Book Value	3,040	3,262	3,549	3,723	946.09
Tangible Book Value Per Share	19.64	20.73	22.30	23.34	7.96
Buildings	-	663.38	536.33	212.6	212.6
Machinery	-	1,107	964.02	513.73	498.96
Construction In Progress	-	438.63	420.69	690.81	9.65

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