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	555.1	782.15	2,044	2,842	234.57
Trading Asset Securities	554.64	917.44	80	-	-
Cash & Short-Term Investments	1,110	1,700	2,124	2,842	234.57
Cash Growth	-34.71%	-19.98%	-25.27%	1111.71%	303.49%
Accounts Receivable	639.04	363.26	355.3	283.35	559.54
Other Receivables	1.1	3.34	1.46	2.98	0.62
Receivables	640.14	366.59	356.76	286.34	560.16
Inventory	110.57	87.07	107.54	78.2	60.86
Other Current Assets	48.12	49.24	50.58	22.86	13.93
Total Current Assets	1,909	2,202	2,639	3,230	869.51
Property, Plant & Equipment	1,898	1,700	1,512	1,089	452.52
Long-Term Investments	218.89	105.78	-	-	-
Other Intangible Assets	260.54	205.82	179.56	148.66	82.15
Long-Term Deferred Tax Assets	65.03	48.23	16.49	9.83	5.45
Long-Term Deferred Charges	0.51	0.59	0.68	0.42	1.01
Other Long-Term Assets	29.07	27.02	74.06	61.29	138.49
Total Assets	4,381	4,290	4,422	4,539	1,549
Accounts Payable	363.16	285.79	225.89	343.68	142.42
Accrued Expenses	26.08	24.71	25.35	31.28	37.52
Short-Term Debt	-	-	3.46	-	133.36
Current Portion of Long-Term Debt	15.91	6.09	0.83	0.08	-
Current Portion of Leases	-	0.22	0.73	0.76	0.71
Current Income Taxes Payable	6.6	0	0	11.57	27.91
Current Unearned Revenue	4.08	0.2	0.04	0.03	80.88
Other Current Liabilities	77.05	183.15	190.71	110.8	47.29
Total Current Liabilities	492.88	500.16	447.02	498.21	470.09
Long-Term Debt	333.14	169.25	123.1	75	-
Long-Term Leases	0.16	-	0.47	1.29	1.46
Long-Term Unearned Revenue	29.94	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	856.12	723.59	628.71	606.22	491.63
Common Stock	159.5	159.5	159.5	110	82
Additional Paid-In Capital	2,915	2,907	2,905	2,954	404.88
Retained Earnings	445.02	431.77	653.72	787.64	526.82
Treasury Stock	-104.54	-50.32	-10	-	-
Comprehensive Income & Other	15.97	19.34	21.1	20.2	14.53
Total Common Equity	3,431	3,468	3,729	3,872	1,028
Minority Interest	93.32	98.76	64.18	60.46	29.26
Shareholders' Equity	3,525	3,566	3,793	3,932	1,057
Total Liabilities & Equity	4,381	4,290	4,422	4,539	1,549
Total Debt	349.21	175.56	128.6	77.13	135.53
Net Cash (Debt)	760.53	1,524	1,995	2,765	99.03
Net Cash Growth	-50.10%	-23.62%	-27.84%	2692.08%	-
Net Cash Per Share	4.59	9.60	12.52	20.36	0.83
Filing Date Shares Outstanding	121.12	157.37	159.17	159.5	118.9
Total Common Shares Outstanding	121.12	157.37	159.17	159.5	118.9
Working Capital	1,416	1,702	2,192	2,731	399.42
Book Value Per Share	28.33	22.04	23.43	24.28	8.65
Tangible Book Value	3,171	3,262	3,549	3,723	946.09
Tangible Book Value Per Share	26.18	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.