SHA:688680 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	-	351.89	510.24	631.39	426.33
Short-Term Investments	-	25.66	36.34	0.5	-
Trading Asset Securities	-	-	100.21	-	-
Cash & Short-Term Investments	575.78	377.55	646.8	631.89	426.33
Cash Growth	52.50%	-41.63%	2.36%	48.22%	177.28%
Accounts Receivable	-	1,332	2,409	3,159	2,088
Other Receivables	-	0.54	11.4	1.49	19.77
Receivables	-	1,332	2,420	3,161	2,108
Inventory	-	193.04	729.15	1,325	353.55
Prepaid Expenses	-	1.15	3.49	0.65	1.72
Other Current Assets	-	141.57	174.52	304.99	122
Total Current Assets	-	2,046	3,974	5,423	3,012
Property, Plant & Equipment	-	790.62	961.41	715.92	465.74
Long-Term Investments	-	-	-	33.42	24.59
Other Intangible Assets	-	120.7	122.35	48.1	34.58
Long-Term Deferred Tax Assets	-	99.88	124.31	41.8	13.1
Long-Term Deferred Charges	-	138.14	136.48	98.31	57.36
Other Long-Term Assets	-	29.64	64.46	116.85	66.11
Total Assets	-	3,225	5,383	6,478	3,673
Accounts Payable	-	162.88	213.69	452.7	301.93
Accrued Expenses	-	55.37	79.96	75.26	45.4
Short-Term Debt	-	321.34	1,318	2,547	787.41
Current Portion of Long-Term Debt	-	170.42	347.02	1.1	-
Current Portion of Leases	-	15.82	25.78	23.84	26.28
Current Income Taxes Payable	-	0.14	0.16	1.98	12.41
Current Unearned Revenue	-	1.17	4.62	9.27	2
Other Current Liabilities	-	140.79	239.91	264.54	119.48
Total Current Liabilities	-	867.93	2,229	3,376	1,295
Long-Term Debt	-	702.45	838.53	532.07	-
Long-Term Leases	-	32.34	104	87.83	61.66
Long-Term Unearned Revenue	-	14.89	13.61	-	-
Long-Term Deferred Tax Liabilities	-	-	0.08	0.02	-
Other Long-Term Liabilities	-	-	-	-	10.27
Total Liabilities	-	1,618	3,185	3,996	1,367
Common Stock	-	84.02	84.02	84.02	84.02
Additional Paid-In Capital	-	1,625	1,624	1,624	1,624
Retained Earnings	-	-209.18	359.19	597.84	598.67
Treasury Stock	-	-71	-44.81	-	-
Comprehensive Income & Other	-	178.36	176.54	176.05	-
Total Common Equity	1,415	1,607	2,198	2,482	2,306
Shareholders' Equity	1,415	1,607	2,198	2,482	2,306
Total Liabilities & Equity	-	3,225	5,383	6,478	3,673
Total Debt	1,226	1,242	2,633	3,192	875.36
Net Cash (Debt)	-650.68	-864.82	-1,986	-2,560	-449.03
Net Cash Per Share	-7.86	-10.42	-23.72	-29.13	-5.47
Filing Date Shares Outstanding	82.74	82.81	83.42	84.02	84.02
Total Common Shares Outstanding	82.81	82.81	83.42	84.02	84.02
Working Capital	-	1,178	1,746	2,047	1,717
Book Value Per Share	17.09	19.41	26.35	29.54	27.45
Tangible Book Value	1,296	1,486	2,076	2,434	2,272
Tangible Book Value Per Share	15.65	17.95	24.89	28.97	27.04
Buildings	-	262.53	262.53	79.89	73.46
Machinery	-	613.81	664.46	484.95	338.34
Construction In Progress	-	127.66	108.11	149.59	29.11

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