SHA:688380 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	351.91	215.88	917.26	1,062	318.7
Short-Term Investments	1,284	1,309	787.94	111.69	10.1
Trading Asset Securities	1,066	889.83	427.01	1,139	588.07
Cash & Short-Term Investments	2,702	2,414	2,132	2,313	916.87
Cash Growth	11.93%	13.24%	-7.82%	152.29%	241.55%
Accounts Receivable	252.44	219.39	202.94	165.83	68.37
Other Receivables	1.6	1.47	3.03	4.7	3.66
Receivables	254.04	220.86	205.97	170.53	72.03
Inventory	342.36	376.08	469.22	534.63	256.14
Prepaid Expenses	-	-	0.14	-	-
Other Current Assets	78.53	67.55	93.74	117.45	67.61
Total Current Assets	3,377	3,079	2,901	3,136	1,313
Property, Plant & Equipment	218.21	139.48	152.84	145.96	114.85
Long-Term Investments	5	5	5	-	-
Other Intangible Assets	27.94	27.77	29.97	31.63	32.97
Long-Term Deferred Tax Assets	11.47	18.34	21.22	7.94	1.84
Long-Term Deferred Charges	36.18	37.59	38.58	41.28	16.3
Other Long-Term Assets	3.19	2.15	2.21	9.61	33.89
Total Assets	3,679	3,309	3,151	3,372	1,512
Accounts Payable	152.45	120.39	97.71	91.78	82.55
Accrued Expenses	46.02	39.43	30.15	39.78	42.63
Short-Term Debt	199.82	99.4	-	-	10.01
Current Portion of Leases	3.1	6.92	7.86	6.79	4.35
Current Income Taxes Payable	2.32	0.44	0.21	1.24	2.5
Current Unearned Revenue	5.64	7.64	3.27	2.67	18.25
Other Current Liabilities	65.81	18.32	13.84	11.39	11.38
Total Current Liabilities	475.16	292.54	153.04	153.64	171.66
Long-Term Leases	0.87	5.15	8.14	11.79	6.57
Long-Term Unearned Revenue	2.96	3.01	0.37	0.74	4.85
Long-Term Deferred Tax Liabilities	22.98	15.24	17.88	17.77	18.74
Total Liabilities	501.97	315.93	179.44	183.94	201.82
Common Stock	400.37	400.37	400.37	400.37	337.37
Additional Paid-In Capital	1,862	1,862	1,862	1,862	108.48
Retained Earnings	943.95	759.48	722.55	924.66	865.22
Treasury Stock	-30.45	-30.45	-14.89	-	-
Comprehensive Income & Other	1.54	1.99	1.64	1.25	-0.39
Total Common Equity	3,177	2,993	2,972	3,188	1,311
Shareholders' Equity	3,177	2,993	2,972	3,188	1,311
Total Liabilities & Equity	3,679	3,309	3,151	3,372	1,512
Total Debt	203.79	111.46	16.01	18.58	20.93
Net Cash (Debt)	2,499	2,303	2,116	2,295	895.94
Net Cash Growth	8.49%	8.83%	-7.77%	156.11%	233.76%
Net Cash Per Share	6.26	5.72	4.82	6.57	2.66
Filing Date Shares Outstanding	398.86	398.86	399.6	400.37	337.37
Total Common Shares Outstanding	398.86	398.86	399.75	400.37	337.37
Working Capital	2,902	2,786	2,748	2,982	1,141
Book Value Per Share	7.97	7.50	7.43	7.96	3.89
Tangible Book Value	3,149	2,966	2,942	3,157	1,278
Tangible Book Value Per Share	7.90	7.44	7.36	7.88	3.79
Buildings	207.71	112.88	113.76	3.33	3.33
Machinery	56.85	53.37	53.69	49.83	40.49
Construction In Progress	-	0.93	-	97.29	77.05

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