SHA:688710 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	-	1,370	1,158	1,255	638.77
Short-Term Investments	-	-	-	-	12.33
Cash & Short-Term Investments	1,254	1,370	1,158	1,255	651.1
Cash Growth	-8.41%	18.25%	-7.69%	92.70%	223.82%
Accounts Receivable	-	359.88	273.91	228.07	139.5
Other Receivables	-	22.74	17.81	6.06	-
Receivables	-	382.62	291.72	234.13	139.54
Inventory	-	332.02	510.54	489.47	396.85
Other Current Assets	-	83.83	25.51	34.48	68.05
Total Current Assets	-	2,168	1,986	2,013	1,256
Property, Plant & Equipment	-	703.96	438.88	444.53	443.69
Other Intangible Assets	-	105.52	109.47	10.91	5.39
Long-Term Deferred Tax Assets	-	17.94	13.21	7.78	7.58
Long-Term Deferred Charges	-	70.45	77.02	81.57	73.78
Other Long-Term Assets	-	153.65	150.86	60.72	16.62
Total Assets	-	3,220	2,775	2,618	1,803
Accounts Payable	-	46.82	83.99	59.4	83.53
Accrued Expenses	-	38.99	75.29	65.6	60.73
Short-Term Debt	-	0.5	8.01	-	-
Current Portion of Long-Term Debt	-	-	-	-	39.06
Current Portion of Leases	-	29.28	23.39	17.57	17.91
Current Income Taxes Payable	-	5.12	2.98	7.13	9.46
Current Unearned Revenue	-	347.3	607.29	722	534.11
Other Current Liabilities	-	100.35	80.36	30	20.76
Total Current Liabilities	-	568.37	881.31	901.71	765.57
Long-Term Leases	-	201.32	215.1	229.23	239.28
Long-Term Unearned Revenue	-	41.34	38.78	45.76	43.34
Other Long-Term Liabilities	-	6.39	0.76	-	0
Total Liabilities	-	817.42	1,136	1,177	1,048
Common Stock	-	140.98	105.73	105.73	87.13
Additional Paid-In Capital	-	1,688	1,098	1,081	475.48
Retained Earnings	-	562.6	414.83	220.38	134.38
Comprehensive Income & Other	-	0.06	-	-	-
Total Common Equity	2,337	2,392	1,618	1,407	696.99
Minority Interest	-	10.19	21.42	34.35	57.43
Shareholders' Equity	2,375	2,402	1,639	1,442	754.41
Total Liabilities & Equity	-	3,220	2,775	2,618	1,803
Total Debt	125.38	231.1	246.5	246.8	296.25
Net Cash (Debt)	1,129	1,138	911.73	1,008	354.85
Net Cash Growth	-0.83%	24.87%	-9.54%	184.03%	119.03%
Net Cash Per Share	8.14	9.71	8.63	10.42	4.83
Filing Date Shares Outstanding	140.98	140.98	105.73	96.72	87.13
Total Common Shares Outstanding	140.98	140.98	105.73	96.72	87.13
Working Capital	-	1,600	1,105	1,111	489.97
Book Value Per Share	16.58	16.97	15.30	14.55	8.00
Tangible Book Value	2,234	2,286	1,509	1,396	691.59
Tangible Book Value Per Share	15.84	16.22	14.27	14.44	7.94
Buildings	-	103.59	44.04	25.53	24.35
Machinery	-	379.74	316.83	288.03	223.18
Construction In Progress	-	239.02	40.75	0.28	0.3

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