SHA:688655 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	122.37	119.19	110.81	219.43	135.65
Trading Asset Securities	-	-	50.14	85.28	122.05
Cash & Short-Term Investments	122.37	119.19	160.95	304.71	257.7
Cash Growth	2.67%	-25.95%	-47.18%	18.24%	443.58%
Accounts Receivable	301.77	202.11	220.09	187.08	219.33
Other Receivables	4.29	3	1.56	5.13	4.73
Receivables	306.06	205.1	221.65	192.2	224.06
Inventory	96.87	48.27	40.86	39.72	55.44
Other Current Assets	33.15	23.75	17.16	0.38	0.73
Total Current Assets	558.46	396.31	440.62	537.01	537.93
Property, Plant & Equipment	796.86	654.21	510.45	469.88	236.61
Long-Term Investments	31.35	27.8	24.66	-	-
Goodwill	1.88	1.88	1.88	1.88	1.88
Other Intangible Assets	22.16	22.31	22.84	23.6	24.55
Long-Term Deferred Tax Assets	15.77	13.72	10.92	7.2	3.24
Long-Term Deferred Charges	6.59	6.54	6.73	8.03	1.62
Other Long-Term Assets	5.54	18.77	18.86	1.44	44.87
Total Assets	1,439	1,142	1,037	1,049	850.69
Accounts Payable	426.12	76.71	59.53	259.19	160.01
Accrued Expenses	14.3	23.65	27.6	15.43	15.24
Short-Term Debt	90.02	58.52	41.53	11	5.6
Current Portion of Long-Term Debt	50	10.67	27.02	-	-
Current Portion of Leases	-	7.05	3.64	5.1	4.33
Current Income Taxes Payable	4.65	4.2	0.77	0.18	0.17
Current Unearned Revenue	4.07	1.88	0.6	0.81	0.5
Other Current Liabilities	20.67	136.8	163.32	20.38	8.13
Total Current Liabilities	609.84	319.48	324.02	312.1	193.97
Long-Term Debt	102.16	71.52	-	30	-
Long-Term Leases	39.65	47.64	12.24	14.62	5.08
Long-Term Unearned Revenue	18.81	13.97	6.35	4.69	3.43
Long-Term Deferred Tax Liabilities	6.24	7.61	2.09	2.87	0.01
Other Long-Term Liabilities	4.93	1.02	-	-	-
Total Liabilities	781.64	461.23	344.7	364.28	202.5
Common Stock	133.39	133.39	133.39	133.39	133.39
Additional Paid-In Capital	299.92	300.89	300.86	296.83	296.83
Retained Earnings	223.66	246.04	258.01	254.55	217.98
Comprehensive Income & Other	-0	-0	-0	-0	0
Shareholders' Equity	656.96	680.31	692.26	684.76	648.2
Total Liabilities & Equity	1,439	1,142	1,037	1,049	850.69
Total Debt	281.84	195.39	84.44	60.72	15.01
Net Cash (Debt)	-159.48	-76.2	76.51	243.99	242.69
Net Cash Growth	-	-	-68.64%	0.54%	497.64%
Net Cash Per Share	-1.21	-0.57	0.57	1.84	1.97
Filing Date Shares Outstanding	133.39	133.39	133.39	133.39	133.39
Total Common Shares Outstanding	133.39	133.39	133.39	133.39	133.39
Working Capital	-51.38	76.82	116.6	224.91	343.96
Book Value Per Share	4.93	5.10	5.19	5.13	4.86
Tangible Book Value	632.92	656.12	667.54	659.28	621.77
Tangible Book Value Per Share	4.74	4.92	5.00	4.94	4.66
Buildings	-	97.42	97.42	97.28	81.99
Machinery	-	454.66	431.81	431.78	265.14
Construction In Progress	-	283.01	160.75	76.61	7.82

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