SHA:688639 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	284.12	422.64	352.98	147.46	121.79
Trading Asset Securities	-	-	-	200.31	341.06
Cash & Short-Term Investments	284.12	422.64	352.98	347.78	462.85
Cash Growth	-32.77%	19.73%	1.50%	-24.86%	644.14%
Accounts Receivable	416.78	374.28	318.43	326.39	222.79
Other Receivables	11.89	16.48	10.47	13.56	12.03
Receivables	428.67	390.76	328.89	339.95	234.82
Inventory	532.13	406.92	226.46	135.51	106.21
Other Current Assets	219.16	131.43	141.7	39.81	48.62
Total Current Assets	1,464	1,352	1,050	863.06	852.5
Property, Plant & Equipment	3,844	3,213	2,620	951.83	528.43
Long-Term Investments	124.45	123.45	112.4	40	7
Other Intangible Assets	150.04	137.73	86.28	73.17	43.98
Long-Term Deferred Tax Assets	145.3	86.54	49.39	40.48	14.39
Long-Term Deferred Charges	13.64	5.79	-	-	-
Other Long-Term Assets	33.51	71.17	51.9	58.54	27.8
Total Assets	5,775	4,989	3,970	2,027	1,474
Accounts Payable	712.68	564.03	589.01	221.64	99.87
Accrued Expenses	52.07	44	36.87	35.06	17.95
Short-Term Debt	123.38	681.98	915.12	79.23	18.5
Current Portion of Long-Term Debt	363.03	225.75	26.6	-	-
Current Income Taxes Payable	3.58	4.92	25.5	5.32	6.67
Current Unearned Revenue	17	17.4	12.77	19.61	17.57
Other Current Liabilities	67.59	65.45	70.61	27.9	22.34
Total Current Liabilities	1,339	1,604	1,676	388.75	182.89
Long-Term Debt	1,572	637.81	304.93	-	-
Long-Term Unearned Revenue	94.75	87.62	91.53	102.63	86.23
Long-Term Deferred Tax Liabilities	136.32	102.07	71.64	54.05	21.85
Total Liabilities	3,143	2,431	2,145	545.44	290.98
Common Stock	250.12	249.72	157.54	108.4	108.4
Additional Paid-In Capital	1,218	1,209	603.46	624.47	588.04
Retained Earnings	1,228	1,158	1,110	758.99	498.69
Treasury Stock	-50.01	-53.61	-45.24	-12	-12
Comprehensive Income & Other	0.43	0.96	0.72	0.64	-
Total Common Equity	2,647	2,565	1,827	1,480	1,183
Minority Interest	-14.82	-6.27	-1.31	1.15	-
Shareholders' Equity	2,632	2,558	1,826	1,482	1,183
Total Liabilities & Equity	5,775	4,989	3,970	2,027	1,474
Total Debt	2,059	1,546	1,247	79.23	18.5
Net Cash (Debt)	-1,775	-1,123	-893.67	268.55	444.35
Net Cash Growth	-	-	-	-39.56%	6128.38%
Net Cash Per Share	-7.10	-4.86	-3.90	1.18	2.14
Filing Date Shares Outstanding	248.79	235.72	227.71	227.91	227.91
Total Common Shares Outstanding	248.79	235.72	227.71	227.91	227.91
Working Capital	124.76	-251.78	-626.43	474.3	669.61
Book Value Per Share	10.64	10.88	8.02	6.50	5.19
Tangible Book Value	2,497	2,427	1,741	1,407	1,139
Tangible Book Value Per Share	10.04	10.30	7.64	6.17	5.00
Buildings	862.98	755.99	462.42	290.67	200.66
Machinery	2,449	1,307	952.21	703.78	439.11
Construction In Progress	1,192	1,606	1,529	188.91	65.33

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