SHA:688488 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	371.16	335.34	225.36	134.91	442.71
Trading Asset Securities	80.19	106.18	215.75	351.64	163.31
Cash & Short-Term Investments	451.35	441.52	441.1	486.54	606.02
Cash Growth	2.23%	0.10%	-9.34%	-19.71%	-22.41%
Accounts Receivable	200.91	162.92	207.62	134.74	89.68
Other Receivables	0.01	0.03	0.01	-	-
Receivables	200.92	162.96	207.64	134.74	89.68
Inventory	259.49	254.97	184.88	156.15	114.27
Other Current Assets	26.98	35.48	38.76	25.02	16.97
Total Current Assets	938.74	894.93	872.38	802.46	826.93
Property, Plant & Equipment	404.26	434.45	443.54	447.18	327.3
Long-Term Investments	90.82	69.6	150.88	148.81	58.2
Goodwill	171.62	171.62	13.24	13.24	13.24
Other Intangible Assets	154.64	175.47	114.59	117.62	128.23
Long-Term Deferred Tax Assets	83.73	83.85	54.29	39.02	19.32
Long-Term Deferred Charges	65.83	36.41	83.9	69.13	42.94
Other Long-Term Assets	2.97	3.24	13.74	18.09	18.45
Total Assets	1,913	1,870	1,747	1,656	1,435
Accounts Payable	51.97	57.67	35.67	27.34	28.1
Accrued Expenses	77.57	61.93	39.2	35.11	20.11
Short-Term Debt	365.18	220.5	255.55	145.16	-
Current Portion of Long-Term Debt	116.41	169.05	80.07	0.07	-
Current Portion of Leases	2.16	4.22	3.78	2.05	4.23
Current Income Taxes Payable	0.82	0.82	-	-	-
Current Unearned Revenue	5.22	13.08	6.25	33.12	2.43
Other Current Liabilities	89.89	121.78	71.04	88.83	37.67
Total Current Liabilities	709.21	649.06	491.57	331.68	92.54
Long-Term Debt	71.74	90.51	69.94	60	-
Long-Term Leases	3.67	3.75	2.96	1.5	1.36
Long-Term Unearned Revenue	43.76	49.74	50.29	56.37	25.05
Long-Term Deferred Tax Liabilities	11	9.43	6.28	7.02	5.86
Total Liabilities	839.37	802.48	621.03	456.57	124.82
Common Stock	420.78	420.78	420.78	420	420
Additional Paid-In Capital	887.33	883.62	888.35	886.2	873.78
Retained Earnings	-344.88	-325.35	-184.14	-108.07	16.12
Comprehensive Income & Other	1.45	1.84	0.55	0.85	-0.1
Total Common Equity	964.68	980.89	1,126	1,199	1,310
Minority Interest	108.55	86.19	-	-	-
Shareholders' Equity	1,073	1,067	1,126	1,199	1,310
Total Liabilities & Equity	1,913	1,870	1,747	1,656	1,435
Total Debt	559.15	488.03	412.3	208.77	5.59
Net Cash (Debt)	-107.8	-46.5	28.8	277.78	600.43
Net Cash Growth	-	-	-89.63%	-53.74%	-23.12%
Net Cash Per Share	-0.26	-0.11	0.07	0.67	1.40
Filing Date Shares Outstanding	420.78	420.78	420.78	420	420
Total Common Shares Outstanding	420.78	420.78	420.78	420	420
Working Capital	229.53	245.87	380.81	470.78	734.39
Book Value Per Share	2.29	2.33	2.67	2.85	3.12
Tangible Book Value	638.42	633.81	997.71	1,068	1,168
Tangible Book Value Per Share	1.52	1.51	2.37	2.54	2.78
Buildings	393.38	393.46	375.44	344.92	217.76
Machinery	264.3	260.49	221.21	198.6	125.31
Construction In Progress	-	2.18	3.12	36.82	95.23

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