SHA:688529 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	-	544.68	694.81	577.11	211.54
Trading Asset Securities	-	111.87	214.93	45.57	189.4
Cash & Short-Term Investments	675.36	656.54	909.74	622.68	400.95
Cash Growth	2.86%	-27.83%	46.10%	55.30%	-35.57%
Accounts Receivable	-	984.85	1,005	643.03	535.18
Other Receivables	-	118.09	54.58	106.26	26.21
Receivables	-	1,103	1,059	749.29	561.38
Inventory	-	3,120	2,219	1,979	1,362
Prepaid Expenses	-	3.83	8.92	0.33	0.22
Other Current Assets	-	163.56	210.36	118.36	57.8
Total Current Assets	-	5,047	4,408	3,470	2,383
Property, Plant & Equipment	-	1,125	920.55	517.02	448.37
Long-Term Investments	-	2.29	0.09	-	-
Other Intangible Assets	-	212.7	203.15	113.18	110.39
Long-Term Deferred Tax Assets	-	93.25	63.66	51.83	47.12
Long-Term Deferred Charges	-	-	0.08	0.53	-
Other Long-Term Assets	-	7.69	0.36	0.61	0.68
Total Assets	-	6,488	5,595	4,153	2,989
Accounts Payable	-	724.51	657.75	784.13	397.7
Accrued Expenses	-	137.13	116.66	73.17	70.63
Short-Term Debt	-	867.68	841.49	756.46	518.37
Current Portion of Long-Term Debt	-	714.34	186.27	86.58	31.09
Current Portion of Leases	-	4.33	2.88	5.3	1.85
Current Income Taxes Payable	-	7.31	7.62	2.73	3.14
Current Unearned Revenue	-	1,116	1,018	1,079	709.95
Other Current Liabilities	-	76.06	13.62	38.03	11.81
Total Current Liabilities	-	3,647	2,844	2,825	1,745
Long-Term Debt	-	766.81	585.81	112.56	134.28
Long-Term Leases	-	8.97	3.42	5.24	1.74
Long-Term Unearned Revenue	-	51.54	35.98	7.85	8.64
Long-Term Deferred Tax Liabilities	-	-	-	0.26	-
Other Long-Term Liabilities	-	-	0.19	-	-
Total Liabilities	-	4,475	3,469	2,951	1,889
Common Stock	-	167.29	167.29	128	128
Additional Paid-In Capital	-	1,675	1,676	863.97	838.84
Retained Earnings	-	171.79	278.44	205.99	129.86
Comprehensive Income & Other	-	3.21	3.68	1.53	0.15
Total Common Equity	1,772	2,017	2,125	1,199	1,097
Minority Interest	-	-4.22	1.21	2.19	3.01
Shareholders' Equity	1,764	2,013	2,126	1,202	1,100
Total Liabilities & Equity	-	6,488	5,595	4,153	2,989
Total Debt	2,481	2,362	1,620	966.14	687.34
Net Cash (Debt)	-1,805	-1,706	-710.14	-343.46	-286.4
Net Cash Per Share	-10.75	-10.28	-5.16	-2.67	-2.24
Filing Date Shares Outstanding	168.57	167.29	167.29	128	128
Total Common Shares Outstanding	168.18	167.29	167.29	128	128
Working Capital	-	1,400	1,564	644.41	637.98
Book Value Per Share	10.53	12.06	12.70	9.37	8.57
Tangible Book Value	1,558	1,805	1,922	1,086	986.47
Tangible Book Value Per Share	9.27	10.79	11.49	8.49	7.71
Buildings	-	971.79	383.65	381.45	380.92
Machinery	-	348.42	228.27	216.53	176.77
Construction In Progress	-	38.15	503.54	74.1	30.1

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