SHA:688665 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	248.38	142.68	265.45	427.98	504.26
Trading Asset Securities	2.79	32.8	-	-	-
Cash & Short-Term Investments	251.18	175.48	265.45	427.98	504.26
Cash Growth	43.13%	-33.89%	-37.98%	-15.13%	553.00%
Accounts Receivable	493.57	470.15	298.16	192.78	128.92
Other Receivables	8.17	3.92	3.85	2.56	0.68
Receivables	501.74	474.08	302.01	195.34	129.6
Inventory	314.66	264.75	182.1	177.42	152.3
Other Current Assets	33.54	32.25	20	15.05	14.4
Total Current Assets	1,101	946.56	769.57	815.78	800.56
Property, Plant & Equipment	452.34	443.01	353.41	258.9	186.36
Long-Term Investments	56.64	51.02	50	-	-
Goodwill	28.21	28.21	-	-	-
Other Intangible Assets	37.74	39.76	29	26.64	25.38
Long-Term Deferred Tax Assets	20.09	15.69	8.88	5.59	3.64
Long-Term Deferred Charges	13.07	12.73	8.55	8.62	8.84
Other Long-Term Assets	26.48	16.71	23.41	16.42	11.09
Total Assets	1,736	1,554	1,243	1,132	1,036
Accounts Payable	166.8	216.02	146.2	124.93	109.01
Accrued Expenses	39.14	47.81	39.99	28.36	19.02
Short-Term Debt	165.9	108.01	22.17	22.72	33.34
Current Portion of Long-Term Debt	28.48	9.37	19.82	0.23	-
Current Portion of Leases	-	4.93	2.75	0.47	0.3
Current Income Taxes Payable	11.81	3.45	4.31	3.15	13.24
Current Unearned Revenue	11	10.15	7.23	9.5	14.07
Other Current Liabilities	54.38	20.38	14.17	17.12	12.37
Total Current Liabilities	477.52	420.12	256.64	206.47	201.35
Long-Term Debt	33.7	32.4	-	24.5	-
Long-Term Leases	8.49	8.81	11.8	4.58	0.25
Long-Term Unearned Revenue	21.48	16.79	3.52	1.66	1.13
Long-Term Deferred Tax Liabilities	3.28	3.56	1.32	1.6	-
Total Liabilities	544.48	481.68	273.29	238.81	202.73
Common Stock	100.55	100.1	70	70	70
Additional Paid-In Capital	496.82	474.36	489.33	485.02	484.21
Retained Earnings	552.3	454.85	402.3	332.61	274.64
Comprehensive Income & Other	3.24	-1.24	-	-	-
Total Common Equity	1,153	1,028	961.63	887.62	828.86
Minority Interest	38.29	43.93	7.89	5.52	4.29
Shareholders' Equity	1,191	1,072	969.53	893.15	833.15
Total Liabilities & Equity	1,736	1,554	1,243	1,132	1,036
Total Debt	236.57	163.52	56.54	52.5	33.89
Net Cash (Debt)	14.61	11.96	208.91	375.48	470.38
Net Cash Growth	22.13%	-94.27%	-44.36%	-20.17%	736.63%
Net Cash Per Share	0.15	0.12	2.09	3.75	4.91
Filing Date Shares Outstanding	100.55	100.1	100.1	100.1	100.1
Total Common Shares Outstanding	100.55	100.1	100.1	100.1	100.1
Working Capital	623.6	526.43	512.93	609.31	599.21
Book Value Per Share	11.47	10.27	9.61	8.87	8.28
Tangible Book Value	1,087	960.1	932.63	860.98	803.47
Tangible Book Value Per Share	10.81	9.59	9.32	8.60	8.03
Buildings	-	325.99	269.25	127.11	117.46
Machinery	-	233.71	138.6	92.55	56.69
Construction In Progress	-	2.95	10.68	91.84	55.64

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