SHA:688800 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	-	1,015	963.46	1,070	461.21
Cash & Short-Term Investments	1,016	1,015	963.46	1,070	461.21
Cash Growth	0.04%	5.40%	-9.94%	131.96%	129.50%
Accounts Receivable	-	1,307	934.56	1,014	539.22
Other Receivables	-	7.33	16.41	2.18	2.8
Receivables	-	1,314	950.97	1,016	542.02
Inventory	-	607.19	404.61	363.79	255.89
Other Current Assets	-	77.27	31.04	7.05	7.5
Total Current Assets	-	3,014	2,350	2,456	1,267
Property, Plant & Equipment	-	1,105	846.62	402.16	165.23
Long-Term Investments	-	20.21	20.21	12.33	13.09
Other Intangible Assets	-	113.95	119.37	52.32	52.07
Long-Term Deferred Tax Assets	-	24.17	22.1	10.3	9.24
Long-Term Deferred Charges	-	17.5	9.95	1.66	0.36
Other Long-Term Assets	-	26.21	46.16	38.88	30.27
Total Assets	-	4,321	3,415	2,974	1,537
Accounts Payable	-	1,202	781.92	849.58	485.08
Accrued Expenses	-	46.19	35.69	30.86	20.22
Short-Term Debt	-	466.23	340.27	80.06	-
Current Portion of Long-Term Debt	-	76.12	4	-	-
Current Portion of Leases	-	10.85	9.09	4.41	1.43
Current Income Taxes Payable	-	9.99	9.29	14.59	1.43
Current Unearned Revenue	-	36.81	55.62	13.88	6.76
Other Current Liabilities	-	80.15	52.29	52.4	8.44
Total Current Liabilities	-	1,929	1,288	1,046	523.37
Long-Term Debt	-	141.47	24.19	-	-
Long-Term Leases	-	46.68	58.12	0.41	1.19
Long-Term Unearned Revenue	-	70.03	66.63	36.54	7.07
Long-Term Deferred Tax Liabilities	-	2.82	3.23	0.7	7.54
Total Liabilities	-	2,190	1,440	1,083	539.17
Common Stock	-	158.42	158.42	113.16	108
Additional Paid-In Capital	-	1,147	1,147	1,182	514.36
Retained Earnings	-	830.13	670.61	592.64	375
Treasury Stock	-	-36.99	-36.99	-	-
Comprehensive Income & Other	-	-3.65	4.4	-0.08	-0.03
Total Common Equity	2,293	2,095	1,943	1,887	997.33
Minority Interest	-	36.35	30.71	3.39	0.38
Shareholders' Equity	2,335	2,132	1,974	1,891	997.71
Total Liabilities & Equity	-	4,321	3,415	2,974	1,537
Total Debt	1,102	741.34	435.68	84.88	2.62
Net Cash (Debt)	-86.15	274.13	527.79	984.96	458.59
Net Cash Growth	-	-48.06%	-46.41%	114.78%	225.48%
Net Cash Per Share	-0.42	1.34	2.55	4.95	2.72
Filing Date Shares Outstanding	205.7	204.77	204.77	205.95	196.56
Total Common Shares Outstanding	204.77	204.77	204.77	205.95	196.56
Working Capital	-	1,085	1,062	1,411	743.25
Book Value Per Share	11.20	10.23	9.49	9.16	5.07
Tangible Book Value	2,182	1,981	1,824	1,835	945.26
Tangible Book Value Per Share	10.66	9.68	8.91	8.91	4.81
Buildings	-	523.12	389.17	81.56	80.39
Machinery	-	465.91	360.18	252.07	184.2
Construction In Progress	-	298.02	200.77	200.24	11.3

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