SHA:688388 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	-	1,981	2,542	2,134	1,259
Short-Term Investments	-	102.05	400.24	150.3	491.66
Trading Asset Securities	-	41.71	36.28	433.51	467.14
Cash & Short-Term Investments	2,477	2,124	2,979	2,718	2,218
Cash Growth	16.60%	-28.68%	9.60%	22.55%	68.65%
Accounts Receivable	-	1,881	1,231	1,149	707.15
Other Receivables	-	415.08	434.52	211.71	0.66
Receivables	-	2,296	1,665	1,360	707.81
Inventory	-	1,371	954.15	936.6	323.17
Other Current Assets	-	195.78	37.91	8.99	65.24
Total Current Assets	-	5,987	5,636	5,024	3,314
Property, Plant & Equipment	-	6,009	5,955	4,836	2,085
Long-Term Investments	-	285.94	444.25	248.82	181.73
Goodwill	-	17.81	22.69	21.2	21.2
Other Intangible Assets	-	395.19	403.18	277.04	106.48
Long-Term Deferred Tax Assets	-	93.26	48.91	8.04	2.31
Long-Term Deferred Charges	-	52.91	44.65	54.34	35.37
Other Long-Term Assets	-	204.03	246.55	326.36	314.66
Total Assets	-	13,045	12,801	10,796	6,060
Accounts Payable	-	548.85	1,316	336.16	284.01
Accrued Expenses	-	56.68	59.63	66.62	34.89
Short-Term Debt	-	1,011	351.58	716.66	1,059
Current Portion of Long-Term Debt	-	449	99.65	21.29	-
Current Portion of Leases	-	2.66	1.21	0.39	0.25
Current Income Taxes Payable	-	3.9	46.99	43.52	10.7
Current Unearned Revenue	-	3.88	17.07	4.22	1.51
Other Current Liabilities	-	622.63	927.5	732.98	165.75
Total Current Liabilities	-	2,698	2,819	1,922	1,556
Long-Term Debt	-	3,084	2,493	1,360	834.16
Long-Term Leases	-	4.6	1.8	0.23	-
Long-Term Unearned Revenue	-	201.81	173.89	99.59	50.43
Long-Term Deferred Tax Liabilities	-	9.29	9.04	9.77	11.01
Total Liabilities	-	5,998	5,497	3,392	2,452
Common Stock	-	426.24	426.24	304.46	234.19
Additional Paid-In Capital	-	5,109	5,070	5,153	1,882
Retained Earnings	-	1,227	1,472	1,620	1,265
Treasury Stock	-	-59.98	-8	-	-
Comprehensive Income & Other	-	200.1	204.53	208.53	208.73
Total Common Equity	6,992	6,902	7,165	7,286	3,591
Minority Interest	-	144.6	138.72	117.74	18.1
Shareholders' Equity	7,132	7,047	7,304	7,404	3,609
Total Liabilities & Equity	-	13,045	12,801	10,796	6,060
Total Debt	5,750	4,551	2,948	2,099	1,893
Net Cash (Debt)	-3,273	-2,427	31.17	619.02	324.41
Net Cash Growth	-	-	-94.97%	90.82%	-73.01%
Net Cash Per Share	-7.75	-5.69	0.07	1.80	1.00
Filing Date Shares Outstanding	463	422.55	423.32	426.24	327.87
Total Common Shares Outstanding	463	422.55	425.87	426.24	327.87
Working Capital	-	3,288	2,817	3,102	1,758
Book Value Per Share	17.07	16.33	16.82	17.09	10.95
Tangible Book Value	6,587	6,489	6,739	6,988	3,463
Tangible Book Value Per Share	16.08	15.36	15.82	16.39	10.56
Buildings	-	3,198	3,090	1,257	679.49
Machinery	-	3,084	2,882	1,980	1,120
Construction In Progress	-	590.12	610.77	2,090	684.69

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