SHA:688501 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	-	326.68	350.48	256.16	231.27
Trading Asset Securities	-	30	10	84	75.95
Cash & Short-Term Investments	273.6	356.68	360.48	340.16	307.22
Cash Growth	-23.29%	-1.06%	5.97%	10.72%	97.68%
Accounts Receivable	-	967.41	834.86	647.39	614.51
Other Receivables	-	25.07	17.08	16.93	12.59
Receivables	-	992.48	851.94	664.32	627.1
Inventory	-	982.62	399.04	391.3	260.16
Prepaid Expenses	-	0.19	-	0.27	-
Other Current Assets	-	91.21	19.06	11.96	8.12
Total Current Assets	-	2,423	1,631	1,408	1,203
Property, Plant & Equipment	-	327.57	142.26	129.75	100.57
Goodwill	-	0.32	2.31	1.98	-
Other Intangible Assets	-	133.7	31.24	32.2	32.77
Long-Term Accounts Receivable	-	100.67	56.71	76.63	58.79
Long-Term Deferred Tax Assets	-	25.58	21.97	18.75	15.23
Long-Term Deferred Charges	-	32.53	14.05	14.9	1.8
Other Long-Term Assets	-	32.29	27.42	5.16	1.92
Total Assets	-	3,076	1,926	1,687	1,414
Accounts Payable	-	626.8	353.84	339.01	160.22
Accrued Expenses	-	237.29	122.15	105.75	103.92
Short-Term Debt	-	532.03	410.06	337.46	312.43
Current Portion of Long-Term Debt	-	0.1	9.23	19.52	-
Current Portion of Leases	-	20.17	2.05	2.21	1.7
Current Income Taxes Payable	-	16.75	10.5	9.64	7.17
Current Unearned Revenue	-	185.13	64.55	28.93	36.62
Other Current Liabilities	-	63.16	24.53	6.55	6.11
Total Current Liabilities	-	1,681	996.91	849.07	628.18
Long-Term Debt	-	0.84	-	-	-
Long-Term Leases	-	383.85	1.62	1.16	3.55
Long-Term Unearned Revenue	-	5.64	7.66	3.9	4.59
Long-Term Deferred Tax Liabilities	-	0.06	0.06	0.17	0.14
Other Long-Term Liabilities	-	8.86	9.79	7.52	7.21
Total Liabilities	-	2,081	1,016	861.82	643.66
Common Stock	-	123.07	123.07	94.67	94.67
Additional Paid-In Capital	-	324.97	313.44	340.52	340.52
Retained Earnings	-	507.31	441.41	364.2	322.72
Comprehensive Income & Other	-	2.43	1.05	0.42	0.2
Total Common Equity	1,069	957.79	878.97	799.81	758.12
Minority Interest	-	37.39	31.48	25.76	11.89
Shareholders' Equity	1,110	995.18	910.45	825.57	770.01
Total Liabilities & Equity	-	3,076	1,926	1,687	1,414
Total Debt	642.8	937	422.96	360.35	317.68
Net Cash (Debt)	-369.19	-580.32	-62.48	-20.19	-10.45
Net Cash Per Share	-3.00	-4.74	-0.50	-0.17	-0.10
Filing Date Shares Outstanding	123.61	123.07	123.07	123.07	123.07
Total Common Shares Outstanding	124.23	123.07	123.07	123.07	123.07
Working Capital	-	741.75	633.62	558.95	574.43
Book Value Per Share	8.60	7.78	7.14	6.50	6.16
Tangible Book Value	931.02	823.77	845.42	765.63	725.35
Tangible Book Value Per Share	7.49	6.69	6.87	6.22	5.89
Buildings	-	236.67	131.36	125.06	87.59
Machinery	-	127.65	85.8	66.45	44.76
Construction In Progress	-	43.23	0.65	0.13	17.41

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