SHA:688401 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	-	242.71	509.48	617.22	148.96
Trading Asset Securities	-	-	50.39	231.47	-
Cash & Short-Term Investments	706.29	242.71	559.87	848.69	148.96
Cash Growth	191.00%	-56.65%	-34.03%	469.73%	-15.54%
Accounts Receivable	-	269.17	181.93	158.35	114.22
Other Receivables	-	0.67	1.05	1.7	2.84
Receivables	-	269.84	182.98	160.05	117.07
Inventory	-	176.63	167.03	109.61	100.62
Prepaid Expenses	-	-	-	-	0.04
Other Current Assets	-	5.33	28.1	2.47	107.23
Total Current Assets	-	694.51	937.98	1,121	473.92
Property, Plant & Equipment	-	1,160	1,081	723.44	773.12
Long-Term Investments	-	231.92	214.03	20.13	-
Other Intangible Assets	-	13.25	13.91	14.45	13.93
Long-Term Deferred Tax Assets	-	3.41	2.86	3.18	3.08
Long-Term Deferred Charges	-	41.61	36.82	33.12	36.33
Other Long-Term Assets	-	98.46	36.37	22.25	9.05
Total Assets	-	2,243	2,323	1,937	1,309
Accounts Payable	-	173.63	281.07	106.76	158.62
Accrued Expenses	-	17.76	11.21	24.5	13.96
Short-Term Debt	-	232.02	90.07	67.09	61.09
Current Portion of Long-Term Debt	-	54.5	35.99	86.31	56.41
Current Portion of Leases	-	0.29	0.28	0.56	2.81
Current Income Taxes Payable	-	9.11	6.12	11.35	2.16
Current Unearned Revenue	-	0.65	0.57	0.36	0.37
Other Current Liabilities	-	9.21	0.68	0.77	0.77
Total Current Liabilities	-	497.18	425.99	297.69	296.19
Long-Term Debt	-	288.79	313.69	159.65	395.65
Long-Term Leases	-	0.01	0.02	0.33	0.14
Long-Term Unearned Revenue	-	63.83	72.21	85.7	95.12
Long-Term Deferred Tax Liabilities	-	0.24	0.13	0.36	-
Total Liabilities	-	850.04	812.03	543.73	787.1
Common Stock	-	193.33	193.33	133.33	100
Additional Paid-In Capital	-	744.9	911.97	971.97	244.79
Retained Earnings	-	503.31	357.44	237.97	118.2
Treasury Stock	-	-50.66	-1.08	-	-
Comprehensive Income & Other	-	1.01	-	-	-
Total Common Equity	1,597	1,392	1,462	1,343	463
Minority Interest	-	0.88	48.89	50.38	59.34
Shareholders' Equity	1,598	1,393	1,511	1,394	522.34
Total Liabilities & Equity	-	2,243	2,323	1,937	1,309
Total Debt	984.75	575.61	440.05	313.95	516.1
Net Cash (Debt)	-278.46	-332.9	119.82	534.75	-367.14
Net Cash Growth	-	-	-77.59%	-	-
Net Cash Per Share	-1.46	-1.73	0.62	3.30	-2.52
Filing Date Shares Outstanding	186.46	191.44	191.44	193.33	145
Total Common Shares Outstanding	186.46	191.44	193.3	193.33	145
Working Capital	-	197.33	512	823.13	177.73
Book Value Per Share	8.32	7.27	7.56	6.95	3.19
Tangible Book Value	1,568	1,379	1,448	1,329	449.06
Tangible Book Value Per Share	8.17	7.20	7.49	6.87	3.10
Buildings	-	411.1	411.52	214.94	214.94
Machinery	-	1,141	829.89	827.44	781.23
Construction In Progress	-	78.87	210.79	2	19.11

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