SHA:688362 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	-	1,827	1,965	986.5	295.12
Trading Asset Securities	-	-	-	16.46	-
Cash & Short-Term Investments	2,695	1,827	1,965	1,003	295.12
Cash Growth	47.46%	-7.03%	95.96%	239.85%	22.78%
Accounts Receivable	-	787.72	510.3	344.26	396.13
Other Receivables	-	39.9	24.23	5.85	10.34
Receivables	-	827.62	534.53	350.11	406.47
Inventory	-	367.32	357.86	320.57	278.88
Other Current Assets	-	32.29	141.62	111.51	2.96
Total Current Assets	-	3,055	2,999	1,785	983.43
Property, Plant & Equipment	-	8,743	7,600	6,148	3,432
Long-Term Investments	-	20	-	-	-
Other Intangible Assets	-	141.34	89.59	89.51	89.26
Long-Term Deferred Tax Assets	-	78.48	54.24	57.95	12.08
Long-Term Deferred Charges	-	1,522	1,544	2.04	1.45
Other Long-Term Assets	-	96.6	44.3	238.48	114.17
Total Assets	-	13,655	12,331	8,321	4,632
Accounts Payable	-	661.55	467.5	287.33	319.94
Accrued Expenses	-	135.33	102.97	97.2	85.62
Short-Term Debt	-	835.34	329.72	753.74	1,084
Current Portion of Long-Term Debt	-	1,417	577.4	571.1	282.08
Current Portion of Leases	-	2.07	45.88	125.97	101.17
Current Income Taxes Payable	-	-	-	0.07	0.07
Current Unearned Revenue	-	16.92	20.11	39.72	18.53
Other Current Liabilities	-	873.11	969.54	421.89	326.02
Total Current Liabilities	-	3,942	2,513	2,297	2,218
Long-Term Debt	-	3,161	3,567	1,084	762.88
Long-Term Leases	-	1,663	1,673	1,630	133.86
Long-Term Unearned Revenue	-	802.42	534.26	283.02	102.18
Long-Term Deferred Tax Liabilities	-	50.43	45.4	81.67	35.94
Other Long-Term Liabilities	-	-	-	-	6.63
Total Liabilities	-	9,618	8,333	5,376	3,259
Common Stock	-	408.41	407.66	407.66	347.66
Additional Paid-In Capital	-	1,813	1,768	1,737	754.32
Retained Earnings	-	339.68	273.35	409.54	271.12
Treasury Stock	-	-50	-	-	-
Total Common Equity	2,594	2,511	2,449	2,554	1,373
Minority Interest	-	1,526	1,549	390.94	-
Shareholders' Equity	4,086	4,037	3,998	2,945	1,373
Total Liabilities & Equity	-	13,655	12,331	8,321	4,632
Total Debt	8,721	7,079	6,193	4,165	2,364
Net Cash (Debt)	-6,026	-5,251	-4,228	-3,162	-2,069
Net Cash Per Share	-14.66	-12.67	-10.41	-8.91	-5.97
Filing Date Shares Outstanding	461.22	405.96	407.66	407.66	347.66
Total Common Shares Outstanding	405.38	405.96	407.66	407.66	347.66
Working Capital	-	-887.04	486.26	-511.87	-1,234
Book Value Per Share	6.40	6.18	6.01	6.27	3.95
Tangible Book Value	2,408	2,370	2,359	2,465	1,284
Tangible Book Value Per Share	5.94	5.84	5.79	6.05	3.69
Buildings	-	479.41	476.23	459.81	356.9
Machinery	-	6,720	4,694	3,373	3,091
Construction In Progress	-	1,989	2,145	1,540	331.65

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