SHA:688409 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	-	1,275	1,579	1,989	346.63
Trading Asset Securities	-	10.17	501.12	1,153	-
Cash & Short-Term Investments	758.43	1,285	2,080	3,142	346.63
Cash Growth	-40.97%	-38.22%	-33.81%	806.51%	9.79%
Accounts Receivable	-	1,283	903.93	581.98	348.11
Other Receivables	-	16.86	16.33	15.39	6.91
Receivables	-	1,300	920.26	597.37	355.02
Inventory	-	899.86	905.98	533.18	255.66
Other Current Assets	-	245.39	170.75	144.27	39.17
Total Current Assets	-	3,730	4,077	4,417	996.48
Property, Plant & Equipment	-	3,961	2,722	1,905	1,118
Long-Term Investments	-	281.34	249.88	14.33	6.26
Other Intangible Assets	-	153.71	144.91	139.01	135.86
Long-Term Accounts Receivable	-	0.75	-	-	-
Long-Term Deferred Tax Assets	-	76.58	32.25	23.03	17.14
Long-Term Deferred Charges	-	4.86	3.8	4.44	-
Other Long-Term Assets	-	148.16	360.34	137.51	212.68
Total Assets	-	8,357	7,590	6,640	2,487
Accounts Payable	-	1,111	863.19	605.11	374.67
Accrued Expenses	-	70.19	47.47	44.17	18.02
Short-Term Debt	-	225.34	75.97	65.33	175.94
Current Portion of Long-Term Debt	-	209.47	99.94	13.41	0.47
Current Portion of Leases	-	10.2	7.83	1.96	2.97
Current Income Taxes Payable	-	15.58	8.86	0.16	0.2
Current Unearned Revenue	-	8.28	12.18	11.61	19.03
Other Current Liabilities	-	65.49	72.95	102.88	45.97
Total Current Liabilities	-	1,715	1,188	844.64	637.27
Long-Term Debt	-	1,478	1,072	519.48	355.06
Long-Term Leases	-	52.27	50.15	11.84	9.46
Long-Term Unearned Revenue	-	375.29	432.45	420.21	373.76
Long-Term Deferred Tax Liabilities	-	13.67	13.7	6.91	-
Other Long-Term Liabilities	-	22.72	73.08	69.16	16.98
Total Liabilities	-	3,658	2,830	1,872	1,393
Common Stock	-	308.03	209.05	209.05	156.79
Additional Paid-In Capital	-	4,028	4,057	4,024	725.18
Retained Earnings	-	473	434.29	411.94	166.73
Treasury Stock	-	-221.57	-133.83	-	-
Comprehensive Income & Other	-	1.19	-1.81	-0.03	-0.6
Total Common Equity	4,604	4,588	4,565	4,644	1,048
Minority Interest	-	110.86	195.03	123.75	45.96
Shareholders' Equity	4,714	4,699	4,760	4,768	1,094
Total Liabilities & Equity	-	8,357	7,590	6,640	2,487
Total Debt	2,609	1,976	1,306	612.02	543.9
Net Cash (Debt)	-1,851	-690.85	773.71	2,530	-197.26
Net Cash Growth	-	-	-69.42%	-	-
Net Cash Per Share	-5.94	-2.69	2.51	10.10	-0.85
Filing Date Shares Outstanding	308.35	304.54	305.17	309.4	232.05
Total Common Shares Outstanding	308.35	304.54	306.87	309.4	232.05
Working Capital	-	2,015	2,888	3,572	359.21
Book Value Per Share	14.24	15.07	14.88	15.01	4.52
Tangible Book Value	4,444	4,434	4,420	4,505	912.24
Tangible Book Value Per Share	13.75	14.56	14.40	14.56	3.93
Buildings	-	1,663	957.88	363.06	353.86
Machinery	-	2,359	1,715	1,032	650.07
Construction In Progress	-	599.23	461.03	813.71	332.43

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