SHA:688729 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	-	2,736	1,442	993.3	1,402
Trading Asset Securities	-	340.54	775.06	880.72	541.41
Cash & Short-Term Investments	3,763	3,077	2,217	1,874	1,943
Cash Growth	22.31%	38.76%	18.33%	-3.55%	-14.24%
Accounts Receivable	-	363.74	468.88	611.41	250.57
Other Receivables	-	-	2.94	-	5.21
Receivables	-	363.74	471.82	611.41	255.78
Inventory	-	3,497	2,911	2,749	1,856
Prepaid Expenses	-	-	-	-	0.08
Other Current Assets	-	273.95	162.9	206.86	120.83
Total Current Assets	-	7,212	5,763	5,441	4,175
Property, Plant & Equipment	-	1,071	964.13	691.36	323.68
Long-Term Investments	-	-	39.09	-	-
Goodwill	-	986.64	972.14	955.93	875.1
Other Intangible Assets	-	65.04	67.14	75.88	70.77
Long-Term Deferred Tax Assets	-	476.91	412.07	345.64	286.23
Long-Term Deferred Charges	-	116.45	98.19	73.68	39.9
Other Long-Term Assets	-	24.92	25.43	15.48	34.11
Total Assets	-	9,953	8,341	7,599	5,805
Accounts Payable	-	632.45	527.46	544.69	356.83
Accrued Expenses	-	208.48	195.67	205.29	143.38
Short-Term Debt	-	-	138.32	453.74	-
Current Portion of Long-Term Debt	-	241.78	300.74	0.29	-
Current Portion of Leases	-	28.79	27.79	26.26	-
Current Income Taxes Payable	-	31.65	31.02	42.51	26.95
Current Unearned Revenue	-	1,161	671.62	476.29	519.1
Other Current Liabilities	-	146.21	174.81	178.07	129.65
Total Current Liabilities	-	2,450	2,067	1,927	1,176
Long-Term Debt	-	1,320	644.36	386.72	-
Long-Term Leases	-	41.05	65	78.9	69.92
Long-Term Unearned Revenue	-	200.98	198.04	198.45	172.8
Pension & Post-Retirement Benefits	-	-	-	-	0.33
Long-Term Deferred Tax Liabilities	-	7.57	11.35	10.36	10.15
Other Long-Term Liabilities	-	18.59	11.76	16.65	10.1
Total Liabilities	-	4,038	2,998	2,618	1,439
Common Stock	-	2,660	2,660	2,660	2,660
Additional Paid-In Capital	-	1,653	1,646	1,633	1,612
Retained Earnings	-	1,391	849.63	540.21	157.69
Comprehensive Income & Other	-	210.55	187.32	147.46	-64.39
Shareholders' Equity	8,792	5,915	5,343	4,981	4,366
Total Liabilities & Equity	-	9,953	8,341	7,599	5,805
Total Debt	883.49	1,631	1,176	945.91	69.92
Net Cash (Debt)	2,880	1,446	1,041	928.11	1,873
Net Cash Growth	99.20%	38.85%	12.19%	-50.45%	-3.17%
Net Cash Per Share	1.03	0.54	0.39	0.35	0.72
Filing Date Shares Outstanding	2,956	2,660	2,660	2,660	2,589
Total Common Shares Outstanding	2,956	2,660	2,660	2,660	2,589
Working Capital	-	4,762	3,695	3,514	2,999
Book Value Per Share	2.97	2.22	2.01	1.87	1.69
Tangible Book Value	7,768	4,863	4,304	3,949	3,420
Tangible Book Value Per Share	2.63	1.83	1.62	1.48	1.32
Buildings	-	377.73	362.85	-	-
Machinery	-	901.45	656.22	443.64	309.71
Construction In Progress	-	126.77	165.97	398.97	121.43

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