SHA:688530 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	108.39	114.56	65.13	133.13	164.47
Trading Asset Securities	28.41	38.06	-	-	-
Cash & Short-Term Investments	136.79	152.62	65.13	133.13	164.47
Cash Growth	-10.37%	134.33%	-51.08%	-19.05%	67.94%
Accounts Receivable	128.55	130.87	99.07	80.66	111.07
Other Receivables	1.26	1.52	1.06	0.19	0.35
Receivables	129.81	132.39	100.13	80.85	111.42
Inventory	490.18	354.15	293.61	293.84	215.18
Prepaid Expenses	-	-	9.3	2.47	-
Other Current Assets	65.01	32.14	7.41	10.15	8.01
Total Current Assets	821.8	671.3	475.58	520.44	499.08
Property, Plant & Equipment	450.29	356.29	267.61	168.03	129.59
Other Intangible Assets	47.88	39.81	40.74	29.72	7.22
Long-Term Deferred Tax Assets	33.03	14.08	10.24	14.07	6.95
Long-Term Deferred Charges	0.31	0.48	0.67	0.83	-
Other Long-Term Assets	25.41	27.71	3.25	11.73	1.08
Total Assets	1,379	1,110	798.09	744.81	643.92
Accounts Payable	147.49	31.1	55.21	27.12	61.56
Accrued Expenses	6.28	14.06	9.66	10.19	10.02
Short-Term Debt	231.66	92.06	105.02	160.61	76.09
Current Portion of Long-Term Debt	27.97	2.04	0.04	19.05	7.09
Current Portion of Leases	-	4.05	3.85	2.37	2.18
Current Income Taxes Payable	20.57	1.43	0.39	2.26	5.47
Current Unearned Revenue	4.88	1.94	0.31	0.23	0.25
Other Current Liabilities	4.25	28.84	40.1	7.23	19.1
Total Current Liabilities	443.11	175.52	214.58	229.07	181.78
Long-Term Debt	46.6	39.71	43.53	24.67	21.14
Long-Term Leases	-	2.81	6.86	10.71	1.51
Long-Term Unearned Revenue	79.12	31.52	19.44	18.5	19.97
Long-Term Deferred Tax Liabilities	3.47	3.76	4.08	4.15	-
Total Liabilities	572.3	253.32	288.48	287.11	224.41
Common Stock	160.04	160.04	120.03	120.03	120.03
Additional Paid-In Capital	532.41	531.93	246.95	244.39	241.52
Retained Earnings	113.96	164.39	142.62	93.28	57.95
Shareholders' Equity	806.41	856.36	509.6	457.7	419.51
Total Liabilities & Equity	1,379	1,110	798.09	744.81	643.92
Total Debt	306.23	140.67	159.3	217.42	108.02
Net Cash (Debt)	-169.44	11.95	-94.17	-84.29	56.45
Net Cash Growth	-	-	-	-	71.48%
Net Cash Per Share	-1.06	0.08	-0.78	-0.69	0.49
Filing Date Shares Outstanding	160.04	160.04	120.03	121.8	120.03
Total Common Shares Outstanding	160.04	160.04	120.03	121.8	120.03
Working Capital	378.69	495.78	261.01	291.37	317.3
Book Value Per Share	5.04	5.35	4.25	3.76	3.49
Tangible Book Value	758.54	816.55	468.87	427.98	412.29
Tangible Book Value Per Share	4.74	5.10	3.91	3.51	3.43
Buildings	-	136.4	66.32	65.95	24.29
Machinery	-	176.91	134.85	109.51	89.62
Construction In Progress	-	110.69	112.04	20.66	41.4

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