SHA:688668 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	178.91	62.71	216.41	754.79	41.53
Short-Term Investments	-	350.49	370.26	-	50
Trading Asset Securities	-	56.04	54.02	189.15	137.75
Cash & Short-Term Investments	178.91	469.24	640.69	943.93	229.28
Cash Growth	-61.87%	-26.76%	-32.13%	311.69%	-40.91%
Accounts Receivable	583.23	412.95	293.73	301.3	228.62
Other Receivables	-0.34	3.95	-	2.43	0.21
Receivables	582.89	416.9	293.73	303.74	228.82
Inventory	402.96	334.33	268.08	229.37	177.67
Other Current Assets	53.2	33.84	15.55	9.01	8.2
Total Current Assets	1,218	1,254	1,218	1,486	643.97
Property, Plant & Equipment	1,067	753.95	578.56	432.31	304.67
Goodwill	95.92	-	-	-	-
Other Intangible Assets	141.13	132.69	74.22	73.6	44.79
Long-Term Deferred Tax Assets	13.9	8.16	7.52	4.03	3.11
Long-Term Deferred Charges	6.15	7.85	8.51	3.14	0.79
Other Long-Term Assets	62.72	19.41	63.27	17.8	12.67
Total Assets	2,605	2,176	1,950	2,017	1,010
Accounts Payable	284.62	214.16	115.89	120.97	124.29
Accrued Expenses	64.88	48.14	33.03	30.23	27.92
Short-Term Debt	-	-	-	70.07	16.02
Current Portion of Leases	10.35	4.42	7.53	3.85	-
Current Income Taxes Payable	8.59	3.24	0.61	0.67	2.7
Current Unearned Revenue	5.6	1.58	2.23	1.94	0.81
Other Current Liabilities	67.28	6.22	4.27	5.84	1.44
Total Current Liabilities	441.32	277.76	163.56	233.58	173.18
Long-Term Debt	80.06	-	-	-	-
Long-Term Leases	13.14	7.13	11.11	15.33	-
Long-Term Unearned Revenue	76.47	85.07	43.13	34.57	31.06
Long-Term Deferred Tax Liabilities	1.44	1.61	2.06	2.31	-
Other Long-Term Liabilities	-	0.36	3.37	-	-
Total Liabilities	612.43	371.94	223.23	285.78	204.24
Common Stock	139.27	138.73	98.84	98.84	85.14
Additional Paid-In Capital	1,285	1,258	1,282	1,283	489.21
Retained Earnings	550.28	406.97	346.17	348.79	231.41
Comprehensive Income & Other	3.99	0.98	-0.24	0.36	-
Total Common Equity	1,979	1,804	1,727	1,731	805.76
Minority Interest	13.75	-	-	-	-
Shareholders' Equity	1,992	1,804	1,727	1,731	805.76
Total Liabilities & Equity	2,605	2,176	1,950	2,017	1,010
Total Debt	103.55	11.55	18.64	89.25	16.02
Net Cash (Debt)	75.36	457.69	622.05	854.68	213.26
Net Cash Growth	-83.53%	-26.42%	-27.22%	300.76%	-39.58%
Net Cash Per Share	0.54	3.32	4.49	7.07	1.78
Filing Date Shares Outstanding	139.2	138.73	138.37	138.37	119.2
Total Common Shares Outstanding	139.2	138.73	138.37	138.37	119.2
Working Capital	776.65	976.56	1,054	1,252	470.79
Book Value Per Share	14.21	13.01	12.48	12.51	6.76
Tangible Book Value	1,742	1,672	1,653	1,658	760.97
Tangible Book Value Per Share	12.51	12.05	11.94	11.98	6.38
Buildings	424.87	265.27	192.69	190.42	97.5
Machinery	748.73	545.28	418.16	335.33	237.59
Construction In Progress	177.28	154.59	116.49	7.78	54.01

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