SHA:688362 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2,115	1,777	1,827	1,965	986.5	295.12
Trading Asset Securities	15.93	16.73	-	-	16.46	-
Cash & Short-Term Investments	2,131	1,793	1,827	1,965	1,003	295.12
Cash Growth	7.47%	-1.86%	-7.03%	95.96%	239.85%	22.78%
Accounts Receivable	879.42	932.09	787.72	510.3	344.26	396.13
Other Receivables	22.09	29.33	39.9	24.23	5.85	10.34
Receivables	901.5	961.42	827.62	534.53	350.11	406.47
Inventory	583.32	510.56	367.32	357.86	320.57	278.88
Other Current Assets	223.85	204.85	32.29	141.62	111.51	2.96
Total Current Assets	3,840	3,470	3,055	2,999	1,785	983.43
Property, Plant & Equipment	11,132	11,093	8,743	7,600	6,148	3,432
Long-Term Investments	20.77	230.01	20	-	-	-
Other Intangible Assets	212.48	215.97	141.34	89.59	89.51	89.26
Long-Term Deferred Tax Assets	71.73	70.51	78.48	54.24	57.95	12.08
Long-Term Deferred Charges	1.12	1.19	1,522	1,544	2.04	1.45
Other Long-Term Assets	593.44	109.57	96.6	44.3	238.48	114.17
Total Assets	15,872	15,191	13,655	12,331	8,321	4,632
Accounts Payable	1,512	869.64	661.55	467.5	287.33	319.94
Accrued Expenses	96.76	165.8	135.33	102.97	97.2	85.62
Short-Term Debt	1,090	704.14	835.34	329.72	753.74	1,084
Current Portion of Long-Term Debt	1,709	1,916	1,417	577.4	571.1	282.08
Current Portion of Leases	-	19.75	2.07	45.88	125.97	101.17
Current Income Taxes Payable	28.78	0.06	-	-	0.07	0.07
Current Unearned Revenue	22.84	20.42	16.92	20.11	39.72	18.53
Other Current Liabilities	8.41	701.19	873.11	969.54	421.89	326.02
Total Current Liabilities	4,467	4,397	3,942	2,513	2,297	2,218
Long-Term Debt	6,287	5,695	3,161	3,567	1,084	762.88
Long-Term Leases	2.81	23.92	1,663	1,673	1,630	133.86
Long-Term Unearned Revenue	928.54	932.4	802.42	534.26	283.02	102.18
Long-Term Deferred Tax Liabilities	48.57	47.64	50.43	45.4	81.67	35.94
Other Long-Term Liabilities	16.67	-	-	-	-	6.63
Total Liabilities	11,750	11,097	9,618	8,333	5,376	3,259
Common Stock	410.49	410.48	408.41	407.66	407.66	347.66
Additional Paid-In Capital	1,870	1,864	1,813	1,768	1,737	754.32
Retained Earnings	448.02	421.41	339.68	273.35	409.54	271.12
Treasury Stock	-121.5	-121.5	-50	-	-	-
Comprehensive Income & Other	34.76	34.21	-	-	-	-
Total Common Equity	2,642	2,609	2,511	2,449	2,554	1,373
Minority Interest	1,480	1,485	1,526	1,549	390.94	-
Shareholders' Equity	4,121	4,094	4,037	3,998	2,945	1,373
Total Liabilities & Equity	15,872	15,191	13,655	12,331	8,321	4,632
Total Debt	9,088	8,359	7,079	6,193	4,165	2,364
Net Cash (Debt)	-6,957	-6,566	-5,251	-4,228	-3,162	-2,069
Net Cash Per Share	-17.34	-16.07	-12.67	-10.41	-8.91	-5.97
Filing Date Shares Outstanding	380.11	405.38	405.96	407.66	407.66	347.66
Total Common Shares Outstanding	380.11	405.38	405.96	407.66	407.66	347.66
Working Capital	-627.04	-926.96	-887.04	486.26	-511.87	-1,234
Book Value Per Share	6.95	6.44	6.18	6.01	6.27	3.95
Tangible Book Value	2,429	2,393	2,370	2,359	2,465	1,284
Tangible Book Value Per Share	6.39	5.90	5.84	5.79	6.05	3.69
Buildings	-	4,063	479.41	476.23	459.81	356.9
Machinery	-	8,413	6,720	4,694	3,373	3,091
Construction In Progress	-	1,632	1,989	2,145	1,540	331.65

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