SHA:688669 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	188.49	151.82	210.31	351.42	468.38
Trading Asset Securities	-	9.48	53.1	-	104.57
Cash & Short-Term Investments	188.49	161.3	263.41	351.42	572.95
Cash Growth	16.86%	-38.76%	-25.05%	-38.66%	235.70%
Accounts Receivable	1,179	1,158	1,215	1,117	946.56
Other Receivables	37.47	92.48	92.04	112.42	37.28
Receivables	1,216	1,251	1,307	1,229	983.84
Inventory	707.2	754.13	707.06	559.89	457.17
Other Current Assets	286.54	212.28	222.41	236.61	236.66
Total Current Assets	2,399	2,378	2,500	2,377	2,251
Property, Plant & Equipment	2,176	2,190	1,797	1,197	955.89
Long-Term Investments	126.81	37.09	30.9	29.05	15.4
Goodwill	53.94	56.77	73.62	85.59	85.59
Other Intangible Assets	225.09	227.27	266.43	210.04	107.19
Long-Term Accounts Receivable	-	6.98	2.5	2.5	2.86
Long-Term Deferred Tax Assets	27.21	33.56	50.55	35.31	10.51
Long-Term Deferred Charges	40.18	48.61	33.08	30.99	28.04
Other Long-Term Assets	128.24	130.79	140.34	126.55	129.61
Total Assets	5,177	5,109	4,894	4,095	3,586
Accounts Payable	808.68	886.32	842.86	725.94	502.02
Accrued Expenses	43.11	66.91	62.78	67.73	47.06
Short-Term Debt	1,190	798.1	727.84	806.31	688.95
Current Portion of Long-Term Debt	503.71	294.42	129.68	57.1	37.78
Current Portion of Leases	-	204.76	106.91	92.51	79.09
Current Income Taxes Payable	43.65	2.34	2.41	5.87	4.57
Current Unearned Revenue	58.01	79.7	43.29	71.94	58.42
Other Current Liabilities	300.78	266.57	290.81	178.12	200.77
Total Current Liabilities	2,948	2,599	2,207	2,006	1,619
Long-Term Debt	730.15	812.28	692.7	275.36	108.91
Long-Term Leases	34.42	189	194.97	61.44	89.64
Long-Term Unearned Revenue	16.37	11.22	13.25	9.5	9.4
Long-Term Deferred Tax Liabilities	2.83	7.42	27.65	18.05	8.99
Other Long-Term Liabilities	84.38	0.73	3.76	-	78.29
Total Liabilities	3,816	3,620	3,139	2,370	1,914
Common Stock	121.33	121.33	121.33	93.33	93.33
Additional Paid-In Capital	859.13	860.13	863.82	886.04	883.89
Retained Earnings	163.89	318.77	579.18	559.93	516.29
Comprehensive Income & Other	2.49	4.13	3.35	7.1	3.05
Total Common Equity	1,147	1,304	1,568	1,546	1,497
Minority Interest	213.64	184.91	187.79	178.42	175.28
Shareholders' Equity	1,360	1,489	1,755	1,725	1,672
Total Liabilities & Equity	5,177	5,109	4,894	4,095	3,586
Total Debt	2,458	2,299	1,852	1,293	1,004
Net Cash (Debt)	-2,270	-2,137	-1,589	-941.3	-431.41
Net Cash Per Share	-18.71	-17.65	-12.79	-7.79	-3.64
Filing Date Shares Outstanding	121.33	121.33	121.33	121.33	121.33
Total Common Shares Outstanding	121.33	121.33	121.33	121.33	121.33
Working Capital	-549.26	-220.88	293.11	371.64	631.97
Book Value Per Share	9.45	10.75	12.92	12.75	12.33
Tangible Book Value	867.82	1,020	1,228	1,251	1,304
Tangible Book Value Per Share	7.15	8.41	10.12	10.31	10.75
Buildings	-	808.66	610.05	293.35	280.57
Machinery	-	1,242	1,032	857.67	733.65
Construction In Progress	-	636.76	496.91	302.12	74.8

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