SHA:688750 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	-	619.55	302.72	138.93	356.37
Short-Term Investments	-	300.21	367.14	-	-
Cash & Short-Term Investments	679.95	919.76	669.87	138.93	356.37
Cash Growth	-26.07%	37.30%	382.15%	-61.02%	-42.97%
Accounts Receivable	-	1,081	947.6	856.86	670.54
Other Receivables	-	0.62	0.13	0.04	0.04
Receivables	-	1,082	947.73	856.91	670.58
Inventory	-	356.74	393.76	364.09	315.41
Other Current Assets	-	3.4	5.91	2.03	22.66
Total Current Assets	-	2,362	2,017	1,362	1,365
Property, Plant & Equipment	-	538.12	555.58	471.38	429.21
Long-Term Investments	-	342.05	-	386.44	381.04
Other Intangible Assets	-	42.68	44.17	43.94	45.28
Long-Term Deferred Tax Assets	-	26.86	22.47	39.46	56.56
Other Long-Term Assets	-	57.99	8.84	41.58	38.36
Total Assets	-	3,370	2,648	2,345	2,315
Accounts Payable	-	465.68	502.7	357.04	257.86
Accrued Expenses	-	46.56	42.35	33.76	22.23
Short-Term Debt	-	-	-	-	100
Current Portion of Long-Term Debt	-	2	-	-	150
Current Portion of Leases	-	0.92	0.65	0.77	0.74
Current Income Taxes Payable	-	9.47	0.87	-	-
Current Unearned Revenue	-	0.64	4.6	0.52	34.87
Other Current Liabilities	-	35.68	60.71	65.26	25.07
Total Current Liabilities	-	560.94	611.87	457.36	590.76
Long-Term Debt	-	298	300	300	300
Long-Term Leases	-	0.95	0.71	0.98	1.76
Long-Term Unearned Revenue	-	67.83	34.58	34.35	5.46
Long-Term Deferred Tax Liabilities	-	0.35	0.28	-	-
Total Liabilities	-	928.08	947.44	792.69	897.98
Common Stock	-	462.5	370	370	1,911
Additional Paid-In Capital	-	1,546	1,051	1,051	289.48
Retained Earnings	-	420.71	268.99	121.76	-790.31
Comprehensive Income & Other	-	12.09	10.45	8.86	6.85
Shareholders' Equity	2,452	2,442	1,701	1,552	1,418
Total Liabilities & Equity	-	3,370	2,648	2,345	2,315
Total Debt	300.73	301.87	301.36	301.76	552.49
Net Cash (Debt)	379.22	617.89	368.51	-162.82	-196.12
Net Cash Growth	-38.63%	67.67%	-	-	-
Net Cash Per Share	0.82	1.64	1.00	-0.44	-
Filing Date Shares Outstanding	462.5	462.5	370	370	-
Total Common Shares Outstanding	462.5	462.5	370	370	-
Working Capital	-	1,801	1,405	904.6	774.26
Book Value Per Share	5.30	5.28	4.60	4.19	-
Tangible Book Value	2,410	2,399	1,657	1,508	1,372
Tangible Book Value Per Share	5.21	5.19	4.48	4.08	-
Buildings	-	337.87	338.24	329.65	308.56
Machinery	-	845.88	840.58	649.4	632.87
Construction In Progress	-	52.79	9	71.33	18.33

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