SHA:688545 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	436.19	126.58	194.71	435.32	643.72
Trading Asset Securities	100.29	-	-	-	-
Cash & Short-Term Investments	536.48	126.58	194.71	435.32	643.72
Cash Growth	323.81%	-34.99%	-55.27%	-32.38%	1025.98%
Accounts Receivable	279.15	190.95	170.33	143.41	138.28
Other Receivables	3.08	3.76	8.89	3.15	1.87
Receivables	282.23	194.71	179.22	146.56	140.15
Inventory	200.29	171.16	136.2	109.37	88.35
Prepaid Expenses	-	-	-	14.98	0
Other Current Assets	227	27.58	9.5	25.54	7.2
Total Current Assets	1,246	520.03	519.64	731.77	879.43
Property, Plant & Equipment	2,506	2,022	1,728	1,321	661.52
Long-Term Investments	316.5	150.97	123.82	109.65	101.43
Other Intangible Assets	218.81	224.14	222.79	100.52	88.22
Long-Term Deferred Tax Assets	24.8	53.25	71.5	87.38	9.08
Long-Term Deferred Charges	4.84	8.06	11.28	3.77	2.16
Other Long-Term Assets	99.89	16.19	21.88	22.96	12.14
Total Assets	4,417	2,994	2,698	2,377	1,754
Accounts Payable	1,088	788.24	711.5	571.85	258.1
Accrued Expenses	47.4	37.56	21.76	33.14	21.52
Short-Term Debt	0.24	55.25	30.22	-	23.54
Current Portion of Long-Term Debt	1.66	54.48	18.03	-	3.03
Current Portion of Leases	-	3.78	3.72	2.25	2.06
Current Income Taxes Payable	7.61	-	-	-	5.69
Current Unearned Revenue	5.55	2.36	1.66	2.69	1.03
Other Current Liabilities	16.79	34.41	33.91	35.41	25.6
Total Current Liabilities	1,167	976.08	820.8	645.33	340.58
Long-Term Debt	6.79	-	7	-	25.5
Long-Term Leases	0.08	4.32	7.76	5.71	7.64
Long-Term Unearned Revenue	89.78	77.5	82.43	67.94	58.06
Long-Term Deferred Tax Liabilities	34.7	40.2	44.58	47.77	2.18
Other Long-Term Liabilities	146.9	146.9	177.36	177.36	78.46
Total Liabilities	1,446	1,245	1,140	944.11	512.42
Common Stock	360	260	260	260	520
Additional Paid-In Capital	2,052	1,079	1,048	1,048	630.26
Retained Earnings	543.43	410.66	250.54	125.15	91.3
Comprehensive Income & Other	0.08	-	-	-	-
Total Common Equity	2,956	1,749	1,559	1,433	1,242
Minority Interest	15.63	-	-	-	-
Shareholders' Equity	2,971	1,749	1,559	1,433	1,242
Total Liabilities & Equity	4,417	2,994	2,698	2,377	1,754
Total Debt	8.77	117.83	66.74	7.95	61.77
Net Cash (Debt)	527.71	8.76	127.97	427.37	581.96
Net Cash Growth	5925.89%	-93.16%	-70.06%	-26.56%	-
Net Cash Per Share	1.51	0.03	0.50	1.65	-
Filing Date Shares Outstanding	360	360	260	260	-
Total Common Shares Outstanding	360	260	260	260	-
Working Capital	78.75	-456.05	-301.16	86.44	538.85
Book Value Per Share	8.21	6.73	5.99	5.51	-
Tangible Book Value	2,737	1,525	1,336	1,333	1,153
Tangible Book Value Per Share	7.60	5.87	5.14	5.13	-
Buildings	-	529.34	422.4	299.39	123.15
Machinery	-	1,616	1,313	830.44	389.56
Construction In Progress	-	262.55	246.02	357.21	269.88

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