SHA:688629 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	281.17	387.01	778.41	419.83	338.71
Short-Term Investments	-	-	2.25	-	-
Trading Asset Securities	39.04	106.12	206.13	0.14	0.27
Cash & Short-Term Investments	320.21	493.13	986.78	419.97	338.98
Cash Growth	-35.07%	-50.03%	134.96%	23.89%	114.56%
Accounts Receivable	1,389	688.54	647.68	642.58	469.17
Other Receivables	-	-	0	0.99	11.46
Receivables	1,389	688.54	647.68	643.57	480.63
Inventory	528.73	321.59	230.74	222.68	157.57
Other Current Assets	21.32	23.14	6.66	15.17	6.98
Total Current Assets	2,259	1,526	1,872	1,301	984.16
Property, Plant & Equipment	1,121	803.86	578.01	517.1	517.68
Long-Term Investments	329.74	320.98	13.6	15.73	15.9
Other Intangible Assets	132.81	65.83	68.85	54.31	55.94
Long-Term Deferred Tax Assets	26.09	29.52	26.01	8.58	9.61
Long-Term Deferred Charges	10.47	8.49	4.48	4.13	1.46
Other Long-Term Assets	10.13	18.84	6.86	15.78	9.82
Total Assets	3,889	2,774	2,570	1,917	1,595
Accounts Payable	877.95	485.94	350.34	327.85	236.4
Accrued Expenses	106.01	55.26	39.38	36.94	27.86
Short-Term Debt	120.45	25.57	7.15	-	83.78
Current Portion of Long-Term Debt	35.98	5.16	5.21	0.01	0.01
Current Portion of Leases	5.32	4.53	3.99	2.29	15.14
Current Income Taxes Payable	1.23	0.1	0.02	-	-
Current Unearned Revenue	20.27	11.78	8.5	6.15	6.53
Other Current Liabilities	328.43	227.38	94.69	113.82	113.69
Total Current Liabilities	1,496	815.72	509.29	487.05	483.41
Long-Term Debt	310.85	267.04	287.05	292.28	102.06
Long-Term Leases	10.12	7.6	8.8	5.87	10.82
Long-Term Unearned Revenue	200.5	193.73	228.68	241.35	220.77
Long-Term Deferred Tax Liabilities	23.41	4.2	3.87	3.21	7.72
Other Long-Term Liabilities	25.28	10.92	9.04	9.84	8.37
Total Liabilities	2,066	1,299	1,047	1,040	833.14
Common Stock	460.99	460.99	460.99	391.84	391.84
Additional Paid-In Capital	800.21	797.32	798.84	293.43	291.97
Retained Earnings	560.55	201.98	242.78	170.41	71.63
Comprehensive Income & Other	-0.18	0.29	0.21	0.14	-0.09
Total Common Equity	1,822	1,461	1,503	855.82	755.35
Minority Interest	1.77	14.12	20.13	21.57	6.09
Shareholders' Equity	1,823	1,475	1,523	877.4	761.44
Total Liabilities & Equity	3,889	2,774	2,570	1,917	1,595
Total Debt	482.73	309.9	312.2	300.45	211.81
Net Cash (Debt)	-162.52	183.22	674.58	119.52	127.17
Net Cash Growth	-	-72.84%	464.39%	-6.01%	1105.82%
Net Cash Per Share	-0.35	0.41	1.58	0.30	0.35
Filing Date Shares Outstanding	460.99	460.99	460.99	391.84	359.7
Total Common Shares Outstanding	460.99	460.99	460.99	391.84	359.7
Working Capital	763.57	710.67	1,363	814.34	500.75
Book Value Per Share	3.95	3.17	3.26	2.18	2.10
Tangible Book Value	1,689	1,395	1,434	801.52	699.41
Tangible Book Value Per Share	3.66	3.03	3.11	2.05	1.94
Buildings	271.01	268.18	185.06	185.15	185.71
Machinery	1,373	1,028	770.55	664.35	551.17
Construction In Progress	98.01	24.1	44.21	15.08	10.43

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