SHA:688411 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	-	3,035	3,319	2,568	869.92
Trading Asset Securities	-	-	-	-	2
Cash & Short-Term Investments	3,320	3,035	3,319	2,568	871.92
Cash Growth	9.40%	-8.58%	29.25%	194.53%	750.20%
Accounts Receivable	-	4,907	2,276	769.25	345.25
Other Receivables	-	4.36	4.04	25.53	20.53
Receivables	-	4,912	2,280	794.77	365.78
Inventory	-	1,421	2,442	2,310	843.82
Other Current Assets	-	305.54	219.64	233.41	167.83
Total Current Assets	-	9,673	8,261	5,907	2,249
Property, Plant & Equipment	-	488.09	275.31	126.38	220.59
Long-Term Investments	-	431.52	375.99	370.41	196.68
Other Intangible Assets	-	70.85	36.43	8.29	10.76
Long-Term Accounts Receivable	-	0.54	1.59	2.48	3.25
Long-Term Deferred Tax Assets	-	203.35	190.62	51.47	64.38
Long-Term Deferred Charges	-	50.41	26.26	15.78	14.48
Other Long-Term Assets	-	53.64	65.75	70.6	69.3
Total Assets	-	10,972	9,233	6,552	2,829
Accounts Payable	-	5,594	4,838	3,234	742.44
Accrued Expenses	-	101.88	110.6	35.01	21.67
Short-Term Debt	-	989.28	534.12	233.69	233.87
Current Portion of Long-Term Debt	-	-	-	-	0.68
Current Portion of Leases	-	33.76	22.18	13.36	11.45
Current Income Taxes Payable	-	46.04	105.53	21.79	1.11
Current Unearned Revenue	-	544.8	786.71	1,152	123.3
Other Current Liabilities	-	277.26	262.15	117.27	84.41
Total Current Liabilities	-	7,587	6,660	4,807	1,219
Long-Term Leases	-	104.19	60.64	28.21	37.82
Long-Term Unearned Revenue	-	8.15	14.12	6.25	52.37
Other Long-Term Liabilities	-	124.64	108.89	44.97	35.9
Total Liabilities	-	7,824	6,843	4,886	1,345
Common Stock	-	133.3	133.3	133.3	133.3
Additional Paid-In Capital	-	1,737	1,628	1,487	1,460
Retained Earnings	-	1,271	623.19	45.08	-132.19
Total Common Equity	4,481	3,141	2,385	1,666	1,461
Minority Interest	-	5.84	4.74	-	23.14
Shareholders' Equity	4,495	3,147	2,390	1,666	1,484
Total Liabilities & Equity	-	10,972	9,233	6,552	2,829
Total Debt	975.67	1,127	616.94	275.26	283.82
Net Cash (Debt)	2,344	1,907	2,702	2,293	588.1
Net Cash Growth	22.90%	-29.42%	17.86%	289.86%	-
Net Cash Per Share	14.47	13.98	20.01	17.20	4.70
Filing Date Shares Outstanding	126.2	177.73	133.3	133.3	125.12
Total Common Shares Outstanding	180.09	133.3	133.3	133.3	125.12
Working Capital	-	2,086	1,601	1,100	1,030
Book Value Per Share	24.88	23.57	17.89	12.50	11.67
Tangible Book Value	4,411	3,070	2,348	1,657	1,450
Tangible Book Value Per Share	24.49	23.03	17.62	12.43	11.59
Buildings	-	84.41	84.41	-	-
Machinery	-	330.23	254.97	401.98	437.88
Construction In Progress	-	50.88	38.81	-	0.64

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