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	973.67	432.77	1,259	3,009	237.41
Trading Asset Securities	1,543	1,600	1,289	-	-
Cash & Short-Term Investments	2,517	2,033	2,548	3,009	237.41
Cash Growth	23.81%	-20.21%	-15.32%	1167.24%	208.96%
Accounts Receivable	1,639	1,955	1,447	806.73	538.37
Other Receivables	4.4	9.21	3.18	0	0.9
Receivables	1,643	1,964	1,450	806.73	539.27
Inventory	650.62	701.74	696.02	643.21	350.56
Prepaid Expenses	-	0	1.25	1	1.25
Other Current Assets	55.93	38.27	42.9	88.98	22.41
Total Current Assets	4,867	4,737	4,738	4,549	1,151
Property, Plant & Equipment	602.02	547.83	263.11	142.43	64.67
Goodwill	3.76	3.76	3.76	3.76	3.76
Other Intangible Assets	72.57	76.86	19.81	4.82	3.37
Long-Term Deferred Tax Assets	51.32	63.74	52.03	31.44	14.15
Long-Term Deferred Charges	6.43	8.47	9.42	13.39	1.1
Other Long-Term Assets	3.48	44.84	274.39	75.58	31.47
Total Assets	5,606	5,482	5,360	4,820	1,269
Accounts Payable	194.81	175.84	347.93	358.75	253.52
Accrued Expenses	28.7	16.35	26.06	24.12	33.02
Short-Term Debt	100	80	-	-	210.81
Current Portion of Long-Term Debt	6.14	33.02	44.03	22.01	50.04
Current Portion of Leases	-	7.2	7.4	6.16	2.06
Current Income Taxes Payable	4.15	15.96	29.77	10.98	5.42
Current Unearned Revenue	3.11	2.66	4.77	7.64	8.94
Other Current Liabilities	36.52	38.6	19.23	6.35	46.12
Total Current Liabilities	373.41	369.63	479.19	436.01	609.93
Long-Term Debt	49.97	-	33.02	77	-
Long-Term Leases	19.65	26.67	11.71	14.64	2.21
Long-Term Unearned Revenue	24.61	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	27.38	30.21	19.7	8.78	4.41
Other Long-Term Liabilities	31.21	28.44	21.61	15.5	-2.23
Total Liabilities	526.24	494.36	594.34	576.83	636.77
Common Stock	200	200	200	200	150
Additional Paid-In Capital	3,602	3,600	3,584	3,584	362.12
Retained Earnings	1,230	1,127	945.03	410.22	107.2
Comprehensive Income & Other	-0.95	-1.75	-0.47	0.06	-0.22
Total Common Equity	5,030	4,926	4,729	4,194	619.1
Minority Interest	49.77	62.28	37.17	49.23	13.57
Shareholders' Equity	5,080	4,988	4,766	4,243	632.67
Total Liabilities & Equity	5,606	5,482	5,360	4,820	1,269
Total Debt	175.76	146.89	96.15	119.81	265.13
Net Cash (Debt)	2,341	1,886	2,451	2,889	-27.72
Net Cash Growth	24.14%	-23.07%	-15.14%	-	-
Net Cash Per Share	11.71	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	4,493	4,367	4,259	4,112	540.98
Book Value Per Share	25.15	24.63	23.64	20.97	4.13
Tangible Book Value	4,954	4,845	4,705	4,185	611.97
Tangible Book Value Per Share	24.77	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

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