SHA:688685 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	211.03	77.14	94.47	277.1	264.06
Trading Asset Securities	-	-	-	25	70
Cash & Short-Term Investments	211.03	77.14	94.47	302.1	334.06
Cash Growth	173.56%	-18.34%	-68.73%	-9.56%	237.86%
Accounts Receivable	451.67	537.79	215.83	216.92	192.86
Other Receivables	10.19	157.17	4.9	2.33	0.42
Receivables	461.86	694.96	220.73	219.25	193.28
Inventory	187.83	74.38	93.99	59.41	42.93
Other Current Assets	182.48	72.32	7.18	13.98	10.47
Total Current Assets	1,043	918.8	416.37	594.75	580.73
Property, Plant & Equipment	1,506	934.54	280.77	240.7	245.74
Long-Term Investments	17.12	-	3.11	3.62	4.38
Goodwill	0.93	0.93	0.93	0.93	-
Other Intangible Assets	30.65	35.32	34.53	18.49	14.92
Long-Term Deferred Tax Assets	31.26	15.97	4.33	3.62	3.98
Long-Term Deferred Charges	13.99	9.62	6.03	1.21	1.79
Other Long-Term Assets	111.16	258.75	121.65	40.31	14.82
Total Assets	2,754	2,174	867.71	903.64	866.35
Accounts Payable	447.28	485.34	123.67	113.82	93.57
Accrued Expenses	13.98	27.94	14.14	18.29	13.26
Short-Term Debt	293	588.21	10.01	6.01	-
Current Portion of Long-Term Debt	96.19	-	-	-	-
Current Portion of Leases	-	33.33	-	0.29	-
Current Income Taxes Payable	7.73	16.55	-	0.86	1.58
Current Unearned Revenue	54.1	7.28	0.03	3	1.8
Other Current Liabilities	22.24	4.93	4.32	6.17	13
Total Current Liabilities	934.52	1,164	152.17	148.43	123.2
Long-Term Debt	704.93	191.86	-	15.02	40.05
Long-Term Leases	7.42	7.76	-	-	-
Long-Term Unearned Revenue	23.61	11.78	12.85	13.95	17.78
Other Long-Term Liabilities	220.37	-	-	-	-
Total Liabilities	1,891	1,375	165.02	177.41	181.04
Common Stock	146.85	145.43	111.87	111.87	111.87
Additional Paid-In Capital	439.08	382.57	370.95	369.79	369.79
Retained Earnings	200.83	206.09	202.72	221.03	178.56
Comprehensive Income & Other	7.54	7.04	6.5	6.95	5.07
Total Common Equity	794.3	741.13	692.03	709.64	665.29
Minority Interest	68.83	57.84	10.66	16.59	20.03
Shareholders' Equity	863.13	798.97	702.7	726.23	685.31
Total Liabilities & Equity	2,754	2,174	867.71	903.64	866.35
Total Debt	1,102	821.16	10.01	21.31	40.05
Net Cash (Debt)	-890.51	-744.02	84.46	280.79	294
Net Cash Growth	-	-	-69.92%	-4.49%	5203.68%
Net Cash Per Share	-6.08	-5.06	0.55	1.93	2.26
Filing Date Shares Outstanding	146.85	145.43	145.43	145.43	145.43
Total Common Shares Outstanding	146.85	145.43	145.43	145.43	145.43
Working Capital	108.68	-244.78	264.21	446.32	457.53
Book Value Per Share	5.41	5.10	4.76	4.88	4.57
Tangible Book Value	762.72	704.88	656.57	690.22	650.37
Tangible Book Value Per Share	5.19	4.85	4.51	4.75	4.47
Buildings	-	109.4	107.74	107.74	93.78
Machinery	-	520.73	237.23	203.51	210.96
Construction In Progress	-	429.1	35.23	5.09	0.2

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