SHA:688506 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	-	3,220	403.96	1,005	154.22
Short-Term Investments	-	2,533	-	-	-
Cash & Short-Term Investments	6,157	5,753	403.96	1,005	154.22
Cash Growth	7.02%	1324.16%	-59.79%	551.49%	-36.99%
Accounts Receivable	-	138.71	137.85	267.92	134.95
Other Receivables	-	34.33	3.9	5.14	2.95
Receivables	-	173.05	141.75	273.06	137.9
Inventory	-	162.19	140.91	101.33	82.33
Other Current Assets	-	218.87	89.2	47.22	49.36
Total Current Assets	-	6,307	775.82	1,426	423.81
Property, Plant & Equipment	-	573.09	534.79	420.26	404.98
Other Intangible Assets	-	26.68	28	29.53	31.16
Long-Term Deferred Tax Assets	-	179.2	76.18	83.23	65.8
Long-Term Deferred Charges	-	18.4	1.82	1.79	1.16
Other Long-Term Assets	-	32.79	8.5	30.28	24.54
Total Assets	-	7,137	1,425	1,991	951.46
Accounts Payable	-	219.25	160.17	128.85	45.96
Accrued Expenses	-	437.25	257.88	244.81	139.81
Short-Term Debt	-	595.5	275.12	155.13	161.23
Current Portion of Long-Term Debt	-	235.28	174.37	30.47	0.02
Current Portion of Leases	-	20.19	46.13	68.82	24.23
Current Income Taxes Payable	-	14.13	0.01	4.96	1.54
Current Unearned Revenue	-	356.13	8.67	17.42	10.78
Other Current Liabilities	-	102.21	131.48	86.74	87.75
Total Current Liabilities	-	1,980	1,054	737.2	471.32
Long-Term Debt	-	1,189	183.92	239.96	50
Long-Term Leases	-	28.13	8.65	52.95	51.42
Long-Term Unearned Revenue	-	42.27	15.63	13.29	31.04
Long-Term Deferred Tax Liabilities	-	1.94	-	0.08	-
Other Long-Term Liabilities	-	9.73	11.19	14.05	15.81
Total Liabilities	-	3,251	1,273	1,058	619.61
Common Stock	-	401	401	401	360.9
Additional Paid-In Capital	-	885.84	858.69	858.55	14.17
Retained Earnings	-	2,599	-1,109	-328.45	-45.98
Comprehensive Income & Other	-	0.53	1.13	2.79	2.76
Total Common Equity	7,171	3,886	151.87	933.89	331.85
Shareholders' Equity	7,171	3,886	151.87	933.89	331.85
Total Liabilities & Equity	-	7,137	1,425	1,991	951.46
Total Debt	3,771	2,069	688.19	547.33	286.91
Net Cash (Debt)	2,386	3,685	-284.23	457.41	-132.69
Net Cash Growth	-35.24%	-	-	-	-
Net Cash Per Share	5.77	9.19	-0.71	1.26	-0.37
Filing Date Shares Outstanding	412.87	401	401	401	360.9
Total Common Shares Outstanding	412.87	401	401	401	360.9
Working Capital	-	4,327	-278.01	689.14	-47.51
Book Value Per Share	17.37	9.69	0.38	2.33	0.92
Tangible Book Value	7,142	3,859	123.88	904.36	300.69
Tangible Book Value Per Share	17.30	9.62	0.31	2.26	0.83
Buildings	-	325.3	304.56	302.23	300.82
Machinery	-	640.12	554.25	439.83	419.75
Construction In Progress	-	35.51	81.37	67.21	18.18

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