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	449.66	242.71	509.48	617.22	148.96
Trading Asset Securities	251.01	-	50.39	231.47	-
Cash & Short-Term Investments	700.67	242.71	559.87	848.69	148.96
Cash Growth	188.68%	-56.65%	-34.03%	469.73%	-15.54%
Accounts Receivable	274.03	269.17	181.93	158.35	114.22
Other Receivables	1.71	0.67	1.05	1.7	2.84
Receivables	275.74	269.84	182.98	160.05	117.07
Inventory	249.14	176.63	167.03	109.61	100.62
Prepaid Expenses	-	-	-	-	0.04
Other Current Assets	106.81	5.33	28.1	2.47	107.23
Total Current Assets	1,332	694.51	937.98	1,121	473.92
Property, Plant & Equipment	1,337	1,160	1,081	723.44	773.12
Long-Term Investments	192.02	231.92	214.03	20.13	-
Other Intangible Assets	29.97	13.25	13.91	14.45	13.93
Long-Term Deferred Tax Assets	7.16	3.41	2.86	3.18	3.08
Long-Term Deferred Charges	35.45	41.61	36.82	33.12	36.33
Other Long-Term Assets	192.84	98.46	36.37	22.25	9.05
Total Assets	3,127	2,243	2,323	1,937	1,309
Accounts Payable	323.9	173.63	281.07	106.76	158.62
Accrued Expenses	16.24	17.76	11.21	24.5	13.96
Short-Term Debt	231.02	232.02	90.07	67.09	61.09
Current Portion of Long-Term Debt	13.28	54.5	35.99	86.31	56.41
Current Portion of Leases	-	0.29	0.28	0.56	2.81
Current Income Taxes Payable	14.58	9.11	6.12	11.35	2.16
Current Unearned Revenue	0.76	0.65	0.57	0.36	0.37
Other Current Liabilities	12.39	9.21	0.68	0.77	0.77
Total Current Liabilities	612.16	497.18	425.99	297.69	296.19
Long-Term Debt	769.35	288.79	313.69	159.65	395.65
Long-Term Leases	1.31	0.01	0.02	0.33	0.14
Long-Term Unearned Revenue	61.09	63.83	72.21	85.7	95.12
Long-Term Deferred Tax Liabilities	20.19	0.24	0.13	0.36	-
Total Liabilities	1,464	850.04	812.03	543.73	787.1
Common Stock	193.35	193.33	193.33	133.33	100
Additional Paid-In Capital	745.11	744.9	911.97	971.97	244.79
Retained Earnings	699.48	503.31	357.44	237.97	118.2
Treasury Stock	-33.32	-50.66	-1.08	-	-
Comprehensive Income & Other	57.06	1.01	-	-	-
Total Common Equity	1,662	1,392	1,462	1,343	463
Minority Interest	0.83	0.88	48.89	50.38	59.34
Shareholders' Equity	1,663	1,393	1,511	1,394	522.34
Total Liabilities & Equity	3,127	2,243	2,323	1,937	1,309
Total Debt	1,015	575.61	440.05	313.95	516.1
Net Cash (Debt)	-314.28	-332.9	119.82	534.75	-367.14
Net Cash Growth	-	-	-77.59%	-	-
Net Cash Per Share	-1.61	-1.73	0.62	3.30	-2.52
Filing Date Shares Outstanding	190.46	191.44	191.44	193.33	145
Total Common Shares Outstanding	190.46	191.44	193.3	193.33	145
Working Capital	720.19	197.33	512	823.13	177.73
Book Value Per Share	8.72	7.27	7.56	6.95	3.19
Tangible Book Value	1,632	1,379	1,448	1,329	449.06
Tangible Book Value Per Share	8.57	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.