SHA:688484 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	-	1,888	2,877	844.36	485.33
Trading Asset Securities	-	1,053	-	146.76	-
Cash & Short-Term Investments	2,221	2,941	2,877	991.12	485.33
Cash Growth	-24.50%	2.24%	190.26%	104.22%	63.96%
Accounts Receivable	-	199.93	207.2	101.04	186.57
Other Receivables	-	307.35	435.03	0.91	0.57
Receivables	-	507.28	642.23	101.95	187.14
Inventory	-	613.56	525.38	335.58	215.54
Other Current Assets	-	40.14	61.12	770.65	97.41
Total Current Assets	-	4,102	4,106	2,199	985.41
Property, Plant & Equipment	-	393.26	337.49	70.29	59.29
Long-Term Investments	-	114.8	3	3	7.91
Other Intangible Assets	-	9.6	7.39	8.92	6.98
Long-Term Deferred Tax Assets	-	3.18	0.01	4.89	-
Long-Term Deferred Charges	-	7.54	7.45	17.64	-
Other Long-Term Assets	-	7.52	0.95	0.28	0.71
Total Assets	-	4,638	4,462	2,304	1,060
Accounts Payable	-	406.79	558.32	787.35	10.69
Accrued Expenses	-	214.68	156.76	84.79	70.99
Short-Term Debt	-	-	-	301.09	10.01
Current Portion of Leases	-	5.39	7.21	13.48	8.68
Current Income Taxes Payable	-	0.04	0.04	-	-
Current Unearned Revenue	-	1.64	3.65	0.97	0.85
Other Current Liabilities	-	59.18	28.64	29.52	29.59
Total Current Liabilities	-	687.72	754.62	1,217	130.8
Long-Term Leases	-	8.23	2.59	12.08	15.3
Long-Term Unearned Revenue	-	14.22	5.61	0.8	0.4
Long-Term Deferred Tax Liabilities	-	0.15	-	-	-
Total Liabilities	-	710.32	762.82	1,230	146.5
Common Stock	-	425.46	423.53	360	360
Additional Paid-In Capital	-	2,913	2,783	400.11	385.89
Retained Earnings	-	636.92	490.79	314.14	167.93
Treasury Stock	-	-50.01	-	-	-
Comprehensive Income & Other	-	2.07	1.94	-	-0.01
Total Common Equity	4,084	3,928	3,699	1,074	913.8
Minority Interest	-	-0.15	-	-	-
Shareholders' Equity	4,081	3,928	3,699	1,074	913.8
Total Liabilities & Equity	-	4,638	4,462	2,304	1,060
Total Debt	26.93	13.62	9.8	326.65	33.99
Net Cash (Debt)	2,194	2,928	2,867	664.47	451.34
Net Cash Growth	-25.07%	2.11%	331.48%	47.22%	55.63%
Net Cash Per Share	5.16	6.87	6.91	1.84	1.31
Filing Date Shares Outstanding	426.28	423.7	423.53	360	360
Total Common Shares Outstanding	423.95	423.8	423.53	360	360
Working Capital	-	3,414	3,351	982.12	854.6
Book Value Per Share	9.63	9.27	8.73	2.98	2.54
Tangible Book Value	3,867	3,918	3,692	1,065	906.82
Tangible Book Value Per Share	9.12	9.25	8.72	2.96	2.52
Buildings	-	288.6	275.93	-	-
Machinery	-	112.55	74.16	55.99	42.09
Construction In Progress	-	25.8	0.78	3.5	0.58

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