SHA:688789 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	-	1,218	1,225	760.15	929.54
Trading Asset Securities	-	188.23	12.69	-	1.25
Cash & Short-Term Investments	1,270	1,406	1,238	760.15	930.79
Cash Growth	-9.66%	13.62%	62.82%	-18.33%	120.35%
Accounts Receivable	-	751.49	515.42	361.5	332.69
Other Receivables	-	2.06	0.53	0.85	0.63
Receivables	-	753.55	515.95	362.35	333.32
Inventory	-	560.51	582.67	290.88	205.32
Other Current Assets	-	74.41	39.6	24.42	45.5
Total Current Assets	-	2,795	2,376	1,438	1,515
Property, Plant & Equipment	-	938.56	696.35	405.74	210.07
Long-Term Investments	-	165.82	67.44	57.96	7.8
Goodwill	-	209.65	209.97	63.85	16.35
Other Intangible Assets	-	172.76	112.87	57.35	25.75
Long-Term Deferred Tax Assets	-	16.9	14.9	12.41	5.18
Long-Term Deferred Charges	-	-	-	-	0.18
Other Long-Term Assets	-	10.66	76.43	7.67	46.78
Total Assets	-	4,309	3,554	2,043	1,827
Accounts Payable	-	230.91	155.25	154.37	79.24
Accrued Expenses	-	70.95	60.06	55.03	44.78
Short-Term Debt	-	408.16	71.82	12.01	-
Current Portion of Long-Term Debt	-	-	2.13	-	-
Current Portion of Leases	-	2.65	3.23	0.59	0.56
Current Income Taxes Payable	-	27.35	32.12	11.04	16.65
Current Unearned Revenue	-	115.16	196.21	53.99	71.16
Other Current Liabilities	-	115.7	59.94	34.94	54.67
Total Current Liabilities	-	970.87	580.77	321.98	267.05
Long-Term Debt	-	81.55	39.9	-	60.58
Long-Term Leases	-	2.39	4.8	-	-
Long-Term Unearned Revenue	-	4.37	7.33	6.57	6.22
Long-Term Deferred Tax Liabilities	-	2.73	1.5	-	0.19
Other Long-Term Liabilities	-	12	12.18	0.13	-
Total Liabilities	-	1,074	646.48	328.68	334.03
Common Stock	-	179.45	120.44	76.12	76
Additional Paid-In Capital	-	1,383	1,454	550.25	521.15
Retained Earnings	-	1,628	1,309	1,059	884.19
Treasury Stock	-	-43.51	-41.27	-	-
Comprehensive Income & Other	-	0.67	3.35	-0.01	-
Total Common Equity	3,430	3,147	2,846	1,685	1,481
Minority Interest	-	88.21	61.27	28.93	11.65
Shareholders' Equity	3,566	3,235	2,907	1,714	1,493
Total Liabilities & Equity	-	4,309	3,554	2,043	1,827
Total Debt	655.38	494.75	121.87	12.6	61.14
Net Cash (Debt)	615.08	911.55	1,116	747.55	869.65
Net Cash Growth	-32.52%	-18.31%	49.27%	-14.04%	121.64%
Net Cash Per Share	3.44	5.10	6.31	4.56	6.20
Filing Date Shares Outstanding	178.65	178.59	178.84	164.45	164.2
Total Common Shares Outstanding	178.65	178.59	178.84	164.45	164.2
Working Capital	-	1,824	1,795	1,116	1,248
Book Value Per Share	19.25	17.62	15.91	10.25	9.02
Tangible Book Value	3,026	2,765	2,523	1,564	1,439
Tangible Book Value Per Share	16.98	15.48	14.11	9.51	8.77
Buildings	-	348.46	360.41	307.41	72.72
Machinery	-	233.86	196.01	141.15	88.5
Construction In Progress	-	521.82	288.78	47.4	132.2

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