SHA:688622 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	59.54	51.63	192.15	261.67	340.15
Cash & Short-Term Investments	59.54	51.63	192.15	261.67	340.15
Cash Growth	15.32%	-73.13%	-26.57%	-23.07%	100.60%
Accounts Receivable	66.29	116.37	149.43	119.7	125.14
Other Receivables	2.07	15.48	10.98	9.08	21.16
Receivables	68.36	131.85	160.41	128.79	146.3
Inventory	74.21	131.16	174.25	164.37	136.68
Prepaid Expenses	-	-	-	0.51	0.04
Other Current Assets	16.37	10.42	28.63	40.39	27.61
Total Current Assets	218.48	325.06	555.44	595.72	650.79
Property, Plant & Equipment	400.45	413.44	391.02	239.28	215.48
Long-Term Investments	17.57	36.71	36.54	38.05	2.24
Other Intangible Assets	53.5	56.4	58.46	57.53	53.37
Long-Term Accounts Receivable	-	3.11	2.32	0.98	0.81
Long-Term Deferred Tax Assets	23.58	41.82	35.17	17.82	4.39
Long-Term Deferred Charges	0.06	0.1	0.33	1.35	1.49
Other Long-Term Assets	0.98	0.47	1.84	21.11	2.83
Total Assets	714.62	877.11	1,081	971.85	931.4
Accounts Payable	61.61	106.38	172.84	49.26	64.24
Accrued Expenses	8.6	16.95	27.44	29.44	40.75
Short-Term Debt	78.84	108.46	191.98	184.64	73.01
Current Portion of Long-Term Debt	15.26	3.39	28.18	4.57	7.79
Current Portion of Leases	-	-	0.93	1.54	2.17
Current Income Taxes Payable	0.59	-	-	4.15	7.35
Current Unearned Revenue	16.28	34.17	58.38	76.7	53.05
Other Current Liabilities	8.74	15.22	16.22	13.17	6.5
Total Current Liabilities	189.91	284.57	495.97	363.47	254.86
Long-Term Debt	186.15	162.96	104.71	53.89	35
Long-Term Leases	-	-	0.13	0.41	1.92
Long-Term Unearned Revenue	53.38	62.09	54.54	39.66	40.13
Long-Term Deferred Tax Liabilities	-	0.39	0.47	-	-
Other Long-Term Liabilities	5.35	4.98	7.64	3.77	6.21
Total Liabilities	434.79	514.99	663.45	461.21	338.11
Common Stock	70.47	70	70	70	70
Additional Paid-In Capital	290.87	278.25	275.88	274.73	274.1
Retained Earnings	-43.45	43.7	89.69	185.8	261.03
Comprehensive Income & Other	-14.25	-7.67	-0.32	-	-
Total Common Equity	303.65	384.28	435.26	530.53	605.12
Minority Interest	-23.82	-22.16	-17.57	-19.89	-11.84
Shareholders' Equity	279.83	362.12	417.69	510.64	593.28
Total Liabilities & Equity	714.62	877.11	1,081	971.85	931.4
Total Debt	280.25	274.81	325.93	245.04	119.89
Net Cash (Debt)	-220.7	-223.18	-133.78	16.63	220.26
Net Cash Growth	-	-	-	-92.45%	204.41%
Net Cash Per Share	-3.14	-3.20	-1.91	0.24	3.87
Filing Date Shares Outstanding	70.47	70	70	70	70
Total Common Shares Outstanding	70.47	70	70	70	70
Working Capital	28.57	40.49	59.47	232.25	395.93
Book Value Per Share	4.31	5.49	6.22	7.58	8.64
Tangible Book Value	250.15	327.88	376.79	473	551.75
Tangible Book Value Per Share	3.55	4.68	5.38	6.76	7.88
Buildings	-	221.6	148.88	119	128.28
Machinery	-	129.4	141.62	134.95	107.45
Construction In Progress	-	153.28	176.39	38.84	13.18

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