SHA:688429 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	-	504.49	1,068	96.13	90.56
Trading Asset Securities	-	436.52	387.11	594.03	184.4
Cash & Short-Term Investments	679.53	941.01	1,455	690.16	274.96
Cash Growth	-27.79%	-35.35%	110.89%	151.00%	59.39%
Accounts Receivable	-	436.75	597.49	552.54	371.9
Other Receivables	-	1.07	1.46	1.7	3.07
Receivables	-	437.81	598.95	554.24	374.96
Inventory	-	158.27	181.18	233.86	398.54
Other Current Assets	-	100.01	69.63	68.61	60.7
Total Current Assets	-	1,637	2,305	1,547	1,109
Property, Plant & Equipment	-	2,953	871.08	817.04	838.09
Long-Term Investments	-	0.26	0.31	0.32	0.29
Other Intangible Assets	-	51.7	17.17	17.78	18.55
Long-Term Accounts Receivable	-	0.75	6.27	-	-
Long-Term Deferred Tax Assets	-	150.91	20.4	16.34	12.47
Long-Term Deferred Charges	-	120.04	5.05	1.3	0.28
Other Long-Term Assets	-	15.75	191.94	2.58	3.2
Total Assets	-	4,930	3,417	2,402	1,982
Accounts Payable	-	789.08	470.99	513.84	414.81
Accrued Expenses	-	30.63	40.41	44.92	28.93
Short-Term Debt	-	449.21	235.08	-	-
Current Portion of Long-Term Debt	-	85.16	-	-	18.78
Current Portion of Leases	-	26.07	2.99	3.2	2.17
Current Income Taxes Payable	-	0.15	10.18	23.94	10.38
Current Unearned Revenue	-	45.13	49.29	123.99	209.22
Other Current Liabilities	-	40.56	118.97	256.32	134.93
Total Current Liabilities	-	1,466	927.91	966.21	819.23
Long-Term Debt	-	82.7	79.69	-	131.44
Long-Term Leases	-	1,581	4.62	3.29	1.94
Long-Term Unearned Revenue	-	94.23	86.18	54.73	7.34
Long-Term Deferred Tax Liabilities	-	0.02	0	1.74	-
Other Long-Term Liabilities	-	22.34	1.6	1.64	1.63
Total Liabilities	-	3,246	1,100	1,028	961.57
Common Stock	-	400	400	360	360
Additional Paid-In Capital	-	1,262	1,195	470.39	411.5
Retained Earnings	-	52.12	718.97	542.07	248.97
Treasury Stock	-	-33.31	-	-	-
Total Common Equity	1,443	1,680	2,314	1,372	1,020
Minority Interest	-	3.15	3.22	2.15	-
Shareholders' Equity	1,448	1,684	2,317	1,375	1,020
Total Liabilities & Equity	-	4,930	3,417	2,402	1,982
Total Debt	2,218	2,224	322.38	6.49	154.33
Net Cash (Debt)	-1,538	-1,283	1,133	683.67	120.63
Net Cash Growth	-	-	65.74%	466.73%	-28.62%
Net Cash Per Share	-3.88	-3.22	3.01	1.89	0.34
Filing Date Shares Outstanding	391.82	397.8	400	400	360
Total Common Shares Outstanding	395.43	397.8	400	400	360
Working Capital	-	171.13	1,377	580.65	289.93
Book Value Per Share	3.65	4.22	5.79	3.43	2.83
Tangible Book Value	1,396	1,629	2,297	1,355	1,002
Tangible Book Value Per Share	3.53	4.09	5.74	3.39	2.78
Buildings	-	301.44	293.53	268.79	262.57
Machinery	-	1,289	739.89	676.57	658.21
Construction In Progress	-	51.05	90.85	42.16	5.55

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