SHA:688680 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	538.62	131.66	351.89	510.24	631.39	426.33
Short-Term Investments	-	7.7	25.66	36.34	0.5	-
Trading Asset Securities	-	359.54	-	100.21	-	-
Cash & Short-Term Investments	538.62	498.9	377.55	646.8	631.89	426.33
Cash Growth	182.15%	32.14%	-41.63%	2.36%	48.22%	177.28%
Accounts Receivable	745.3	835.15	1,332	2,409	3,159	2,088
Other Receivables	3.44	0.88	0.54	11.4	1.49	19.77
Receivables	748.74	836.02	1,332	2,420	3,161	2,108
Inventory	129.84	94.06	193.04	729.15	1,325	353.55
Prepaid Expenses	-	0.21	0.76	3.49	0.65	1.72
Other Current Assets	131.08	157.58	141.96	174.52	304.99	122
Total Current Assets	1,548	1,587	2,046	3,974	5,423	3,012
Property, Plant & Equipment	556.7	569.57	790.62	961.41	715.92	465.74
Long-Term Investments	2.78	2.78	-	-	33.42	24.59
Other Intangible Assets	76.15	76.9	120.7	122.35	48.1	34.58
Long-Term Deferred Tax Assets	56.41	58.33	99.88	124.31	41.8	13.1
Long-Term Deferred Charges	103.88	112.7	138.14	136.48	98.31	57.36
Other Long-Term Assets	139.39	146.58	29.64	64.46	116.85	66.11
Total Assets	2,484	2,554	3,225	5,383	6,478	3,673
Accounts Payable	138.43	57.54	162.88	213.69	452.7	301.93
Accrued Expenses	9.46	33.34	55.37	79.96	75.26	45.4
Short-Term Debt	386.85	416.3	321.34	1,318	2,547	787.41
Current Portion of Long-Term Debt	-	20.61	170.42	347.02	1.1	-
Current Portion of Leases	-	15.92	15.82	25.78	23.84	26.28
Current Income Taxes Payable	-	1.5	0.14	0.16	1.98	12.41
Current Unearned Revenue	0.37	2.86	1.17	4.62	9.27	2
Other Current Liabilities	71.4	104.41	140.79	239.91	264.54	119.48
Total Current Liabilities	606.51	652.49	867.93	2,229	3,376	1,295
Long-Term Debt	233.64	725.82	702.45	838.53	532.07	-
Long-Term Leases	41.02	40.53	32.34	104	87.83	61.66
Long-Term Unearned Revenue	13.61	13.61	14.89	13.61	-	-
Long-Term Deferred Tax Liabilities	-	-	-	0.08	0.02	-
Other Long-Term Liabilities	2.74	2.74	-	-	-	10.27
Total Liabilities	897.51	1,435	1,618	3,185	3,996	1,367
Common Stock	95.85	84.02	84.02	84.02	84.02	84.02
Additional Paid-In Capital	2,256	1,622	1,625	1,624	1,624	1,624
Retained Earnings	-740.26	-702.18	-209.18	359.19	597.84	598.67
Treasury Stock	-58.51	-58.51	-71	-44.81	-	-
Comprehensive Income & Other	32.65	172.9	178.36	176.54	176.05	-
Total Common Equity	1,586	1,118	1,607	2,198	2,482	2,306
Shareholders' Equity	1,586	1,118	1,607	2,198	2,482	2,306
Total Liabilities & Equity	2,484	2,554	3,225	5,383	6,478	3,673
Total Debt	661.5	1,219	1,242	2,633	3,192	875.36
Net Cash (Debt)	-122.88	-720.28	-864.82	-1,986	-2,560	-449.03
Net Cash Per Share	-1.49	-8.69	-10.42	-23.72	-29.13	-5.47
Filing Date Shares Outstanding	82.77	83.13	82.81	83.42	84.02	84.02
Total Common Shares Outstanding	82.77	83.13	82.81	83.42	84.02	84.02
Working Capital	941.76	934.29	1,178	1,746	2,047	1,717
Book Value Per Share	19.16	13.45	19.41	26.35	29.54	27.45
Tangible Book Value	1,510	1,042	1,486	2,076	2,434	2,272
Tangible Book Value Per Share	18.24	12.53	17.95	24.89	28.97	27.04
Buildings	-	263.09	262.53	262.53	79.89	73.46
Machinery	-	467.55	613.81	664.46	484.95	338.34
Construction In Progress	-	92.23	127.66	108.11	149.59	29.11

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