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	992.57	1,218	1,225	760.15	929.54
Trading Asset Securities	314.42	188.23	12.69	-	1.25
Cash & Short-Term Investments	1,307	1,406	1,238	760.15	930.79
Cash Growth	-7.06%	13.62%	62.82%	-18.33%	120.35%
Accounts Receivable	983.25	751.49	515.42	361.5	332.69
Other Receivables	3.76	2.06	0.53	0.85	0.63
Receivables	987.01	753.55	515.95	362.35	333.32
Inventory	630.42	560.51	582.67	290.88	205.32
Other Current Assets	136.95	74.41	39.6	24.42	45.5
Total Current Assets	3,061	2,795	2,376	1,438	1,515
Property, Plant & Equipment	1,256	938.56	696.35	405.74	210.07
Long-Term Investments	171.89	165.82	67.44	57.96	7.8
Goodwill	216.96	209.65	209.97	63.85	16.35
Other Intangible Assets	186.74	172.76	112.87	57.35	25.75
Long-Term Deferred Tax Assets	21.91	16.9	14.9	12.41	5.18
Long-Term Deferred Charges	-	-	-	-	0.18
Other Long-Term Assets	1.9	10.66	76.43	7.67	46.78
Total Assets	4,917	4,309	3,554	2,043	1,827
Accounts Payable	179.76	230.91	155.25	154.37	79.24
Accrued Expenses	49.81	70.95	60.06	55.03	44.78
Short-Term Debt	448.47	408.16	71.82	12.01	-
Current Portion of Long-Term Debt	63.38	-	2.13	-	-
Current Portion of Leases	-	2.65	3.23	0.59	0.56
Current Income Taxes Payable	39.71	27.35	32.12	11.04	16.65
Current Unearned Revenue	66.69	115.16	196.21	53.99	71.16
Other Current Liabilities	106.06	115.7	59.94	34.94	54.67
Total Current Liabilities	953.87	970.87	580.77	321.98	267.05
Long-Term Debt	243.08	81.55	39.9	-	60.58
Long-Term Leases	0.06	2.39	4.8	-	-
Long-Term Unearned Revenue	23.32	4.37	7.33	6.57	6.22
Long-Term Deferred Tax Liabilities	11.75	2.73	1.5	-	0.19
Other Long-Term Liabilities	31.65	12	12.18	0.13	-
Total Liabilities	1,264	1,074	646.48	328.68	334.03
Common Stock	180.26	179.45	120.44	76.12	76
Additional Paid-In Capital	1,413	1,383	1,454	550.25	521.15
Retained Earnings	1,994	1,628	1,309	1,059	884.19
Treasury Stock	-21.17	-43.51	-41.27	-	-
Comprehensive Income & Other	8.06	0.67	3.35	-0.01	-
Total Common Equity	3,574	3,147	2,846	1,685	1,481
Minority Interest	79.01	88.21	61.27	28.93	11.65
Shareholders' Equity	3,653	3,235	2,907	1,714	1,493
Total Liabilities & Equity	4,917	4,309	3,554	2,043	1,827
Total Debt	755	494.75	121.87	12.6	61.14
Net Cash (Debt)	551.98	911.55	1,116	747.55	869.65
Net Cash Growth	-39.45%	-18.31%	49.27%	-14.04%	121.64%
Net Cash Per Share	3.08	5.10	6.31	4.56	6.20
Filing Date Shares Outstanding	180.24	178.59	178.84	164.45	164.2
Total Common Shares Outstanding	180.24	178.59	178.84	164.45	164.2
Working Capital	2,107	1,824	1,795	1,116	1,248
Book Value Per Share	19.83	17.62	15.91	10.25	9.02
Tangible Book Value	3,170	2,765	2,523	1,564	1,439
Tangible Book Value Per Share	17.59	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.