SHA:688372 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	-	414.02	251.95	647.98	149.7
Short-Term Investments	-	0.05	-	50	-
Trading Asset Securities	-	-	110.17	610	-
Cash & Short-Term Investments	584.58	414.07	362.13	1,308	149.7
Cash Growth	41.18%	14.34%	-72.31%	773.75%	21.30%
Accounts Receivable	-	359.44	319.51	232.06	135.26
Other Receivables	-	8.53	17.93	16.87	25.4
Receivables	-	367.97	337.44	248.93	160.66
Inventory	-	10.5	4.69	5.18	6.34
Prepaid Expenses	-	1.74	-	-	-
Other Current Assets	-	246.29	150.68	84.96	76.48
Total Current Assets	-	1,041	854.94	1,647	393.18
Property, Plant & Equipment	-	3,588	2,520	1,545	1,097
Long-Term Investments	-	85	85	50	-
Other Intangible Assets	-	39.75	40.94	32.06	10.05
Long-Term Deferred Tax Assets	-	23.03	14.88	2.51	1.27
Long-Term Deferred Charges	-	68.41	71.28	74.31	38.09
Other Long-Term Assets	-	74.33	21.08	34.49	29.58
Total Assets	-	4,919	3,608	3,386	1,569
Accounts Payable	-	95.91	107.99	20.98	13.37
Accrued Expenses	-	45.67	33.58	32.41	28.96
Short-Term Debt	-	170.55	103.3	135.69	102.91
Current Portion of Long-Term Debt	-	176.2	108.9	72.5	56.07
Current Portion of Leases	-	13.21	11.45	63.64	104.55
Current Income Taxes Payable	-	9.89	3.54	12.09	13.88
Other Current Liabilities	-	274.57	154.24	73.92	75.52
Total Current Liabilities	-	786.01	523.01	411.23	395.26
Long-Term Debt	-	1,356	477.26	476.2	166.67
Long-Term Leases	-	19.62	37.92	70.16	90.49
Long-Term Unearned Revenue	-	138.1	111.25	46.76	17.98
Long-Term Deferred Tax Liabilities	-	-	-	1.34	-
Total Liabilities	-	2,300	1,149	1,006	670.4
Common Stock	-	113.83	113.37	87.21	65.41
Additional Paid-In Capital	-	1,965	1,897	1,888	672.6
Retained Earnings	-	540.48	448.53	404.66	160.95
Shareholders' Equity	2,853	2,619	2,459	2,380	898.96
Total Liabilities & Equity	-	4,919	3,608	3,386	1,569
Total Debt	2,146	1,736	738.84	818.2	520.69
Net Cash (Debt)	-1,562	-1,322	-376.71	489.78	-370.99
Net Cash Per Share	-10.51	-8.96	-2.55	4.19	-3.47
Filing Date Shares Outstanding	150.89	147.99	147.39	147.39	110.54
Total Common Shares Outstanding	148.94	147.99	147.39	147.39	110.54
Working Capital	-	254.56	331.93	1,236	-2.08
Book Value Per Share	19.15	17.70	16.68	16.15	8.13
Tangible Book Value	2,769	2,579	2,418	2,348	888.9
Tangible Book Value Per Share	18.59	17.43	16.40	15.93	8.04
Buildings	-	271.12	19.5	19.5	18.19
Machinery	-	3,416	2,428	1,542	800.32
Construction In Progress	-	669.82	514.14	119.44	109.63

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