SHA:688727 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	-	290.96	235.12	522.64	139.14
Short-Term Investments	-	107.44	-	-	-
Trading Asset Securities	-	-	-	105.31	30.11
Cash & Short-Term Investments	846.72	398.4	235.12	627.95	169.25
Cash Growth	112.53%	69.45%	-62.56%	271.01%	2281.60%
Accounts Receivable	-	113.86	89.59	48.74	29.55
Other Receivables	-	-1.57	-1.17	-0.49	3.72
Receivables	-	112.28	88.42	48.25	33.27
Inventory	-	158.68	121.01	46.46	34.48
Other Current Assets	-	205.52	141.83	134.88	139.08
Total Current Assets	-	874.89	586.38	857.54	376.09
Property, Plant & Equipment	-	1,119	832.17	455.17	287.89
Long-Term Investments	-	372.23	463.15	105.75	25.92
Other Intangible Assets	-	100.53	88.71	91.55	67.78
Long-Term Deferred Tax Assets	-	55.44	30.33	18	14.66
Long-Term Deferred Charges	-	8.44	11.83	15.66	22.48
Other Long-Term Assets	-	114.7	78.52	89.23	20.58
Total Assets	-	2,645	2,091	1,633	815.42
Accounts Payable	-	215.52	175.1	100.98	61.05
Accrued Expenses	-	48.12	31.53	22.31	11.56
Short-Term Debt	-	400.85	182.95	101.41	52.55
Current Portion of Long-Term Debt	-	23.76	7.16	-	11.07
Current Portion of Leases	-	1.71	3.24	3.7	2.88
Current Income Taxes Payable	-	9.47	12.61	8.31	6.77
Current Unearned Revenue	-	11.26	8.75	1.13	6.35
Other Current Liabilities	-	52.59	51.36	41.29	38.16
Total Current Liabilities	-	763.27	472.7	279.13	190.39
Long-Term Debt	-	210.46	156.35	-	32
Long-Term Leases	-	0.61	0.81	2.65	1.23
Long-Term Unearned Revenue	-	166.3	73.86	74.79	80.66
Long-Term Deferred Tax Liabilities	-	3.84	5.67	5.79	3.52
Total Liabilities	-	1,144	709.4	362.35	307.8
Common Stock	-	381.92	381.92	381.92	315.03
Additional Paid-In Capital	-	778.78	761.82	748.21	161.05
Retained Earnings	-	322.29	225.37	135.52	34.62
Comprehensive Income & Other	-	17.89	12.51	7.91	-1.17
Total Common Equity	1,586	1,501	1,382	1,274	509.54
Minority Interest	-	0.01	0.06	-3.02	-1.92
Shareholders' Equity	1,586	1,501	1,382	1,271	507.62
Total Liabilities & Equity	-	2,645	2,091	1,633	815.42
Total Debt	869.77	637.39	350.52	107.75	99.73
Net Cash (Debt)	-23.05	-238.99	-115.4	520.2	69.52
Net Cash Growth	-	-	-	648.26%	-
Net Cash Per Share	-0.06	-0.62	-0.30	1.55	0.25
Filing Date Shares Outstanding	449.32	381.92	381.92	336.34	273.9
Total Common Shares Outstanding	449.32	381.92	381.92	336.34	273.9
Working Capital	-	111.62	113.68	578.41	185.71
Book Value Per Share	4.15	3.93	3.62	3.79	1.86
Tangible Book Value	1,505	1,400	1,293	1,182	441.75
Tangible Book Value Per Share	3.94	3.67	3.39	3.51	1.61
Buildings	-	478.28	185.86	72.75	72.38
Machinery	-	439.62	350.86	278.72	240.71
Construction In Progress	-	344.54	389.31	161.27	6.31

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