SHA:688676 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	2,838	559.93	791.8	583.93	830.6
Trading Asset Securities	0.52	0.49	1.71	680.51	229.31
Cash & Short-Term Investments	2,839	560.42	793.51	1,264	1,060
Cash Growth	406.53%	-29.37%	-37.24%	19.30%	95.47%
Accounts Receivable	3,502	3,802	3,157	2,168	1,480
Other Receivables	43.94	78.17	86.1	1.32	1.12
Receivables	3,546	3,881	3,243	2,170	1,481
Inventory	2,590	2,119	1,736	1,733	1,424
Prepaid Expenses	-	-	-	-	0.42
Other Current Assets	539.84	468.88	302.4	480.91	285.63
Total Current Assets	9,515	7,029	6,074	5,648	4,252
Property, Plant & Equipment	2,124	2,027	1,934	1,308	819.83
Long-Term Investments	300.27	132.85	145.47	143.02	52.66
Other Intangible Assets	259.18	262.8	170.62	168.92	164.73
Long-Term Deferred Tax Assets	134.28	138.11	141.34	142.19	67.57
Long-Term Deferred Charges	0.09	1.35	0.28	0.38	0.47
Other Long-Term Assets	58.27	25.2	62.19	56.91	24.69
Total Assets	12,391	9,616	8,529	7,467	5,382
Accounts Payable	2,471	2,504	2,388	2,141	1,422
Accrued Expenses	241.56	204.17	224.4	147.16	139.05
Short-Term Debt	501.08	173.05	58.58	212.74	85.14
Current Portion of Long-Term Debt	661.82	439.4	324.65	49.21	56.32
Current Portion of Leases	16.55	8.9	0.38	0.46	2.29
Current Income Taxes Payable	28.86	21.59	10.33	15.37	12.06
Current Unearned Revenue	522.39	644.49	592.72	698.3	682.82
Other Current Liabilities	74.85	64.68	103.14	113.4	96.89
Total Current Liabilities	4,518	4,061	3,702	3,378	2,496
Long-Term Debt	2,337	853.82	1,359	1,066	336.4
Long-Term Leases	42.9	45.42	16.11	12.32	4.26
Long-Term Unearned Revenue	118.48	98.76	77	79.33	69.8
Long-Term Deferred Tax Liabilities	103.95	68.25	77.26	57.19	12.63
Other Long-Term Liabilities	49.57	42.56	-	-	-
Total Liabilities	7,170	5,169	5,232	4,593	2,919
Common Stock	459.78	457.44	427.06	427.02	425.7
Additional Paid-In Capital	2,177	2,130	1,117	1,094	1,047
Retained Earnings	2,382	1,953	1,584	1,187	988.51
Treasury Stock	-128.02	-98.01	-	-	-
Comprehensive Income & Other	339.15	6.59	168.79	166.94	1.33
Total Common Equity	5,230	4,450	3,297	2,874	2,462
Minority Interest	-9.6	-3.06	-0.65	0.02	0.02
Shareholders' Equity	5,221	4,447	3,297	2,874	2,462
Total Liabilities & Equity	12,391	9,616	8,529	7,467	5,382
Total Debt	3,559	1,521	1,759	1,341	484.41
Net Cash (Debt)	-720.43	-960.17	-965.6	-76.72	575.5
Net Cash Growth	-	-	-	-	87.41%
Net Cash Per Share	-1.57	-2.16	-2.26	-0.18	1.40
Filing Date Shares Outstanding	459.07	454.84	427.06	427.02	425.7
Total Common Shares Outstanding	456.22	454.84	427.06	427.02	425.7
Working Capital	4,997	2,969	2,372	2,270	1,755
Book Value Per Share	11.46	9.78	7.72	6.73	5.78
Tangible Book Value	4,971	4,187	3,127	2,705	2,298
Tangible Book Value Per Share	10.90	9.20	7.32	6.34	5.40
Buildings	1,333	1,190	1,145	558.86	511.95
Machinery	1,524	1,432	1,358	721.08	540.04
Construction In Progress	279.22	214.23	87.21	561.97	264.1

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