SHA:688548 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	-	103.56	788.48	79.2	282.61
Short-Term Investments	-	621.77	1,673	-	-
Cash & Short-Term Investments	1,231	725.33	2,462	79.2	282.61
Cash Growth	69.76%	-70.54%	3008.31%	-71.97%	145.75%
Accounts Receivable	-	494.76	351.04	298.39	207.7
Other Receivables	-	192.29	118.38	41.24	26.43
Receivables	-	687.05	469.42	339.63	234.13
Inventory	-	241.74	185.32	111.25	123.67
Other Current Assets	-	843.93	35.66	21.31	24.36
Total Current Assets	-	2,498	3,152	551.39	664.77
Property, Plant & Equipment	-	4,147	2,884	2,119	1,296
Long-Term Investments	-	31.44	16.59	8	8
Goodwill	-	562.91	562.91	562.91	562.91
Other Intangible Assets	-	397.34	394.32	397.18	410.27
Long-Term Deferred Tax Assets	-	31.39	25.37	14.22	2.5
Long-Term Deferred Charges	-	45.61	12.79	17.36	7.34
Other Long-Term Assets	-	230.03	205.01	93.58	129.59
Total Assets	-	7,944	7,253	3,764	3,081
Accounts Payable	-	617.83	397.21	405	234.5
Accrued Expenses	-	58.28	61.42	61.9	46.87
Short-Term Debt	-	176.36	17.49	142.83	35.55
Current Portion of Long-Term Debt	-	211.17	165.97	56.35	19.24
Current Portion of Leases	-	3.93	2.96	1.98	0.58
Current Income Taxes Payable	-	8.56	31.28	33.54	13.14
Current Unearned Revenue	-	49.76	40.78	19.47	32.5
Other Current Liabilities	-	39.68	28.13	26.1	82.15
Total Current Liabilities	-	1,166	745.22	747.18	464.53
Long-Term Debt	-	738.75	592.09	606.35	381.45
Long-Term Leases	-	20.79	21.38	1.54	0.82
Long-Term Unearned Revenue	-	102.88	90.35	0.71	0.76
Long-Term Deferred Tax Liabilities	-	54.47	38.2	53.63	36.41
Total Liabilities	-	2,082	1,487	1,409	883.98
Common Stock	-	1,319	1,319	989.55	989.55
Additional Paid-In Capital	-	3,479	3,480	742	742
Retained Earnings	-	993.86	901.59	581.99	430.64
Treasury Stock	-	-0.37	-	-	-
Comprehensive Income & Other	-	31.96	29.36	21.01	17.95
Total Common Equity	5,916	5,824	5,730	2,335	2,180
Minority Interest	-	37.52	35.9	19.54	16.96
Shareholders' Equity	5,953	5,862	5,766	2,354	2,197
Total Liabilities & Equity	-	7,944	7,253	3,764	3,081
Total Debt	1,886	1,151	799.89	809.06	437.64
Net Cash (Debt)	-654.42	-425.66	1,662	-729.85	-155.04
Net Cash Per Share	-0.50	-0.33	1.51	-0.74	-0.19
Filing Date Shares Outstanding	1,190	1,319	1,319	989.55	989.55
Total Common Shares Outstanding	1,319	1,319	1,319	989.55	989.55
Working Capital	-	1,332	2,407	-195.78	200.23
Book Value Per Share	4.48	4.42	4.34	2.36	2.20
Tangible Book Value	4,943	4,864	4,773	1,374	1,207
Tangible Book Value Per Share	3.75	3.69	3.62	1.39	1.22
Buildings	-	297.57	298.36	179.76	131.5
Machinery	-	3,348	2,286	1,508	1,254
Construction In Progress	-	875.07	572.08	636.1	93.43

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