SHA:688439 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	-	432.77	1,259	3,009	237.41
Trading Asset Securities	-	1,600	1,289	-	-
Cash & Short-Term Investments	2,009	2,033	2,548	3,009	237.41
Cash Growth	-1.18%	-20.21%	-15.32%	1167.24%	208.96%
Accounts Receivable	-	1,955	1,447	806.73	538.37
Other Receivables	-	9.21	3.18	0	0.9
Receivables	-	1,964	1,450	806.73	539.27
Inventory	-	701.74	696.02	643.21	350.56
Prepaid Expenses	-	0	1.25	1	1.25
Other Current Assets	-	38.27	42.9	88.98	22.41
Total Current Assets	-	4,737	4,738	4,549	1,151
Property, Plant & Equipment	-	547.83	263.11	142.43	64.67
Goodwill	-	3.76	3.76	3.76	3.76
Other Intangible Assets	-	76.86	19.81	4.82	3.37
Long-Term Deferred Tax Assets	-	63.74	52.03	31.44	14.15
Long-Term Deferred Charges	-	8.47	9.42	13.39	1.1
Other Long-Term Assets	-	44.84	274.39	75.58	31.47
Total Assets	-	5,482	5,360	4,820	1,269
Accounts Payable	-	175.84	347.93	358.75	253.52
Accrued Expenses	-	16.35	26.06	24.12	33.02
Short-Term Debt	-	80	-	-	210.81
Current Portion of Long-Term Debt	-	33.02	44.03	22.01	50.04
Current Portion of Leases	-	7.2	7.4	6.16	2.06
Current Income Taxes Payable	-	15.96	29.77	10.98	5.42
Current Unearned Revenue	-	2.66	4.77	7.64	8.94
Other Current Liabilities	-	38.6	19.23	6.35	46.12
Total Current Liabilities	-	369.63	479.19	436.01	609.93
Long-Term Debt	-	-	33.02	77	-
Long-Term Leases	-	26.67	11.71	14.64	2.21
Long-Term Unearned Revenue	-	22.71	13.39	9.41	6.31
Pension & Post-Retirement Benefits	-	16.7	15.73	15.49	16.13
Long-Term Deferred Tax Liabilities	-	30.21	19.7	8.78	4.41
Other Long-Term Liabilities	-	28.44	21.61	15.5	-2.23
Total Liabilities	-	494.36	594.34	576.83	636.77
Common Stock	-	200	200	200	150
Additional Paid-In Capital	-	3,600	3,584	3,584	362.12
Retained Earnings	-	1,127	945.03	410.22	107.2
Comprehensive Income & Other	-	-1.75	-0.47	0.06	-0.22
Total Common Equity	4,984	4,926	4,729	4,194	619.1
Minority Interest	-	62.28	37.17	49.23	13.57
Shareholders' Equity	5,050	4,988	4,766	4,243	632.67
Total Liabilities & Equity	-	5,482	5,360	4,820	1,269
Total Debt	128.3	146.89	96.15	119.81	265.13
Net Cash (Debt)	1,880	1,886	2,451	2,889	-27.72
Net Cash Growth	-0.29%	-23.07%	-15.14%	-	-
Net Cash Per Share	9.40	9.43	12.26	17.33	-0.18
Filing Date Shares Outstanding	200	200	200	200	150
Total Common Shares Outstanding	200	200	200	200	150
Working Capital	-	4,367	4,259	4,112	540.98
Book Value Per Share	24.92	24.63	23.64	20.97	4.13
Tangible Book Value	4,907	4,845	4,705	4,185	611.97
Tangible Book Value Per Share	24.53	24.22	23.53	20.93	4.08
Buildings	-	135.46	62.69	3.23	3.23
Machinery	-	358.62	279.94	166.74	125.83
Construction In Progress	-	176.14	16.12	39.52	0.97

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