SHA:688722 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	283.39	503.61	456.42	728.47	315.52
Trading Asset Securities	-	-	-	-	300.12
Cash & Short-Term Investments	283.39	503.61	456.42	728.47	615.64
Cash Growth	-43.73%	10.34%	-37.34%	18.33%	76.31%
Accounts Receivable	159.87	50.53	26.04	14.82	17.12
Other Receivables	3.03	3.58	5.62	7.5	0.96
Receivables	162.9	54.11	31.66	22.32	18.08
Inventory	343.3	198.34	197.95	133.44	114.82
Other Current Assets	21.2	18.51	28.23	63.17	7.12
Total Current Assets	810.79	774.57	714.27	947.4	755.66
Property, Plant & Equipment	1,002	701.21	635.04	425.36	285.45
Goodwill	75.5	19.33	19.33	19.33	-
Other Intangible Assets	134.34	59.79	61.99	63.55	43.15
Long-Term Deferred Tax Assets	6.32	1.15	1.24	0.79	0.88
Long-Term Deferred Charges	9.62	5.57	1.35	0.19	-
Other Long-Term Assets	38.67	3.89	19.65	34.63	8.01
Total Assets	2,077	1,566	1,453	1,491	1,093
Accounts Payable	72.32	43.62	45.77	38.75	22.92
Accrued Expenses	18.01	20.01	14.25	20.61	16.24
Short-Term Debt	16.95	21.02	23.84	3.01	-
Current Portion of Long-Term Debt	54.13	-	-	19.59	-
Current Portion of Leases	-	-	0.07	3.76	3.72
Current Income Taxes Payable	7.07	1.16	-	8.78	0.46
Current Unearned Revenue	25.58	25.23	26.09	104.99	20.68
Other Current Liabilities	91.77	8.5	13.93	17.5	5.49
Total Current Liabilities	285.83	119.55	123.95	216.99	69.51
Long-Term Debt	141.75	-	-	-	-
Long-Term Leases	-	-	0	0.07	1.85
Long-Term Unearned Revenue	19.56	17.42	16.43	16.81	17.33
Long-Term Deferred Tax Liabilities	14.49	5.2	5.59	9.53	1.18
Other Long-Term Liabilities	40.19	5.16	5.21	4.3	2.44
Total Liabilities	501.82	147.32	151.18	247.71	92.31
Common Stock	224.67	224.67	224.67	224.67	224.67
Additional Paid-In Capital	640.64	646.31	644.64	642.39	639.9
Retained Earnings	564.63	470.15	360.18	307.65	136.28
Total Common Equity	1,430	1,341	1,229	1,175	1,001
Minority Interest	145.63	77.05	72.21	68.84	-
Shareholders' Equity	1,576	1,418	1,302	1,244	1,001
Total Liabilities & Equity	2,077	1,566	1,453	1,491	1,093
Total Debt	212.83	21.02	23.91	26.43	5.56
Net Cash (Debt)	70.57	482.6	432.51	702.03	610.07
Net Cash Growth	-85.38%	11.58%	-38.39%	15.07%	74.72%
Net Cash Per Share	0.32	2.15	1.91	3.11	3.48
Filing Date Shares Outstanding	224.67	224.67	224.67	224.67	224.67
Total Common Shares Outstanding	224.67	224.67	224.67	224.67	224.67
Working Capital	524.96	655.02	590.32	730.42	686.15
Book Value Per Share	6.36	5.97	5.47	5.23	4.45
Tangible Book Value	1,220	1,262	1,148	1,092	957.69
Tangible Book Value Per Share	5.43	5.62	5.11	4.86	4.26
Buildings	-	356.63	270.4	269.79	193.75
Machinery	-	531.23	331.05	255.37	173.44
Construction In Progress	-	10.84	186.48	21.05	4.84

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