SHA:688523 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	-	226.77	290.68	164.79	134.25
Trading Asset Securities	-	380.42	606.74	-	-
Cash & Short-Term Investments	424.28	607.19	897.42	164.79	134.25
Cash Growth	-30.12%	-32.34%	444.57%	22.75%	12.52%
Accounts Receivable	-	531.29	410.45	296.59	199.43
Other Receivables	-	4.95	2.62	1.66	0.74
Receivables	-	536.24	413.07	298.25	200.17
Inventory	-	160.11	126.85	85.49	61.73
Other Current Assets	-	16.36	34.47	15.38	16.04
Total Current Assets	-	1,320	1,472	563.9	412.19
Property, Plant & Equipment	-	800.35	550.44	469.67	345.56
Other Intangible Assets	-	201.56	207.98	192.4	197.64
Long-Term Deferred Tax Assets	-	17.58	20.61	14.92	13.39
Long-Term Deferred Charges	-	-	-	0.02	0.14
Other Long-Term Assets	-	96.47	77.7	37.99	37.18
Total Assets	-	2,436	2,329	1,279	1,006
Accounts Payable	-	205.19	133.42	103.79	78.2
Accrued Expenses	-	42.74	51.74	54.33	42.59
Short-Term Debt	-	82.18	37.54	35.04	51.06
Current Portion of Long-Term Debt	-	92.14	51.5	7.29	-
Current Portion of Leases	-	-	0.98	0.43	-
Current Income Taxes Payable	-	6.95	18.47	5.52	10.35
Current Unearned Revenue	-	9.32	1.81	8.81	6.67
Other Current Liabilities	-	8.17	5.97	4.59	26.93
Total Current Liabilities	-	446.69	301.44	219.8	215.8
Long-Term Debt	-	203.53	201.67	212.96	81
Long-Term Leases	-	-	1.11	-	0.88
Long-Term Unearned Revenue	-	97.43	107.79	91.03	90.98
Long-Term Deferred Tax Liabilities	-	15.23	14.15	13.58	5.79
Total Liabilities	-	762.88	626.17	537.37	394.45
Common Stock	-	406.88	406.88	366	366
Additional Paid-In Capital	-	801.89	801.76	19.4	19.27
Retained Earnings	-	472.28	451.59	317.21	194.6
Treasury Stock	-	-59.43	-	-	-
Comprehensive Income & Other	-	9.99	10.78	11.42	9.91
Total Common Equity	1,683	1,632	1,671	714.03	589.79
Minority Interest	-	41.37	31.36	27.5	21.87
Shareholders' Equity	1,722	1,673	1,702	741.53	611.66
Total Liabilities & Equity	-	2,436	2,329	1,279	1,006
Total Debt	427.45	377.86	292.8	255.72	132.93
Net Cash (Debt)	-3.17	229.33	604.62	-90.93	1.32
Net Cash Growth	-	-62.07%	-	-	-94.22%
Net Cash Per Share	-0.01	0.57	1.55	-0.25	0.00
Filing Date Shares Outstanding	404.06	403.82	406.88	366	366
Total Common Shares Outstanding	403.82	403.82	406.88	366	366
Working Capital	-	873.22	1,170	344.1	196.4
Book Value Per Share	4.17	4.04	4.11	1.95	1.61
Tangible Book Value	1,483	1,430	1,463	521.63	392.14
Tangible Book Value Per Share	3.67	3.54	3.60	1.43	1.07
Buildings	-	344.72	245.01	158.52	157.21
Machinery	-	282	245.97	213.86	134.41
Construction In Progress	-	320.19	173.7	188.43	136.36

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