SHA:688372 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	291.29	282.83	414.02	251.95	647.98	149.7
Short-Term Investments	-	0.05	0.05	-	50	-
Trading Asset Securities	90.63	130.22	-	110.17	610	-
Cash & Short-Term Investments	381.92	413.1	414.07	362.13	1,308	149.7
Cash Growth	21.98%	-0.23%	14.34%	-72.31%	773.75%	21.30%
Accounts Receivable	588.48	550.04	359.44	319.51	232.06	135.26
Other Receivables	12.15	12.76	8.53	17.93	16.87	25.4
Receivables	600.62	562.8	367.97	337.44	248.93	160.66
Inventory	34.62	18.71	10.5	4.69	5.18	6.34
Prepaid Expenses	-	-	1.74	-	-	-
Other Current Assets	702.78	494.37	246.29	150.68	84.96	76.48
Total Current Assets	1,720	1,489	1,041	854.94	1,647	393.18
Property, Plant & Equipment	6,589	5,737	3,588	2,520	1,545	1,097
Long-Term Investments	83.66	83.66	85	85	50	-
Other Intangible Assets	82.31	83.42	39.75	40.94	32.06	10.05
Long-Term Deferred Tax Assets	29.21	29.53	23.03	14.88	2.51	1.27
Long-Term Deferred Charges	53.66	56.06	68.41	71.28	74.31	38.09
Other Long-Term Assets	187.48	248.13	74.33	21.08	34.49	29.58
Total Assets	8,746	7,726	4,919	3,608	3,386	1,569
Accounts Payable	703.41	86.42	95.91	107.99	20.98	13.37
Accrued Expenses	45.01	75.25	45.67	33.58	32.41	28.96
Short-Term Debt	555.57	462.3	170.55	103.3	135.69	102.91
Current Portion of Long-Term Debt	352.1	304.13	176.2	108.9	72.5	56.07
Current Portion of Leases	-	11.57	13.21	11.45	63.64	104.55
Current Income Taxes Payable	4.53	10.15	9.89	3.54	12.09	13.88
Current Unearned Revenue	12.14	10.46	-	-	-	-
Other Current Liabilities	10.62	526.9	274.57	154.24	73.92	75.52
Total Current Liabilities	1,683	1,487	786.01	523.01	411.23	395.26
Long-Term Debt	2,743	3,138	1,356	477.26	476.2	166.67
Long-Term Leases	11.16	14.24	19.62	37.92	70.16	90.49
Long-Term Unearned Revenue	130.93	119.66	138.1	111.25	46.76	17.98
Long-Term Deferred Tax Liabilities	-	-	-	-	1.34	-
Total Liabilities	4,569	4,759	2,300	1,149	1,006	670.4
Common Stock	167.56	149.05	113.83	113.37	87.21	65.41
Additional Paid-In Capital	3,133	1,994	1,965	1,897	1,888	672.6
Retained Earnings	875.72	804.86	540.48	448.53	404.66	160.95
Comprehensive Income & Other	0.3	19.07	-	-	-	-
Shareholders' Equity	4,177	2,967	2,619	2,459	2,380	898.96
Total Liabilities & Equity	8,746	7,726	4,919	3,608	3,386	1,569
Total Debt	3,662	3,930	1,736	738.84	818.2	520.69
Net Cash (Debt)	-3,280	-3,517	-1,322	-376.71	489.78	-370.99
Net Cash Per Share	-19.58	-22.74	-8.97	-2.55	4.19	-3.47
Filing Date Shares Outstanding	167.56	149.05	147.99	147.39	147.39	110.54
Total Common Shares Outstanding	167.56	149.05	147.99	147.39	147.39	110.54
Working Capital	36.55	1.79	254.56	331.93	1,236	-2.08
Book Value Per Share	24.93	19.91	17.70	16.68	16.15	8.13
Tangible Book Value	4,095	2,884	2,579	2,418	2,348	888.9
Tangible Book Value Per Share	24.44	19.35	17.43	16.40	15.93	8.04
Buildings	-	587.38	271.12	19.5	19.5	18.19
Machinery	-	4,758	3,416	2,428	1,542	800.32
Construction In Progress	-	1,585	669.82	514.14	119.44	109.63