SHA:688813 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	439.79	329.56	584.91	444.1	210.51
Trading Asset Securities	-	-	-	30	60
Cash & Short-Term Investments	439.79	329.56	584.91	474.1	270.51
Cash Growth	33.45%	-43.66%	23.37%	75.26%	-
Accounts Receivable	1,045	830.91	647.46	558.85	388.15
Other Receivables	0.81	0.18	0.09	0.05	11.14
Receivables	1,046	831.09	647.56	558.9	399.29
Inventory	1,200	2,070	2,667	1,684	504.58
Prepaid Expenses	0.64	1.62	0.65	0.04	0.06
Other Current Assets	99.25	33.6	282.74	53.87	91.8
Total Current Assets	2,785	3,266	4,183	2,771	1,266
Property, Plant & Equipment	331.4	333.85	327.72	264.14	101.83
Other Intangible Assets	55.93	57.49	9.19	8.75	7.79
Long-Term Accounts Receivable	20.72	32.06	6.17	15.91	9.47
Long-Term Deferred Tax Assets	65.48	45.7	28.04	13.92	7.36
Long-Term Deferred Charges	9.19	9.77	11.41	10.92	4.08
Other Long-Term Assets	0.97	5.24	4.53	8.23	20.5
Total Assets	3,269	3,750	4,570	3,093	1,417
Accounts Payable	911.97	821.29	1,298	682.41	200.85
Accrued Expenses	76.59	64.81	33.19	25.27	12.54
Short-Term Debt	363.16	437.42	20.02	29.93	113.48
Current Portion of Long-Term Debt	69.28	54.2	5.68	1.35	2.97
Current Portion of Leases	11.2	9.82	8.95	4.6	-
Current Income Taxes Payable	22.42	23.64	16.24	16.81	4.68
Current Unearned Revenue	680.01	1,465	2,383	1,570	659.57
Other Current Liabilities	226.68	163.27	278.94	345.1	234.64
Total Current Liabilities	2,361	3,039	4,044	2,675	1,229
Long-Term Debt	52.82	60.91	110.65	112.47	-
Long-Term Leases	9.87	20.17	22.72	18.35	-
Long-Term Unearned Revenue	65.7	54.82	26.66	15.45	9.26
Long-Term Deferred Tax Liabilities	0.06	0.22	-	-	-
Other Long-Term Liabilities	3.44	6.47	1.62	3.84	10.05
Total Liabilities	2,493	3,182	4,206	2,825	1,248
Common Stock	120	120	120	120	120
Additional Paid-In Capital	44.86	44.86	42.24	42.24	13.74
Retained Earnings	600.11	396	200.61	105.27	35.47
Comprehensive Income & Other	10.73	6.94	1.06	0.14	-
Shareholders' Equity	775.71	567.81	363.91	267.64	169.21
Total Liabilities & Equity	3,269	3,750	4,570	3,093	1,417
Total Debt	506.33	582.52	168.01	166.7	116.45
Net Cash (Debt)	-66.54	-252.96	416.89	307.4	154.06
Net Cash Growth	-	-	35.62%	99.54%	-
Net Cash Per Share	-0.55	-2.11	3.46	2.56	-
Filing Date Shares Outstanding	160	120	120	119.87	-
Total Common Shares Outstanding	120	120	120	119.87	-
Working Capital	423.91	226.3	138.48	95.88	37.5
Book Value Per Share	6.46	4.73	3.03	2.23	-
Tangible Book Value	719.78	510.32	354.72	258.89	161.42
Tangible Book Value Per Share	6.00	4.25	2.96	2.16	-
Buildings	150.9	142.26	-	-	-
Machinery	229.82	196.5	-	-	-
Construction In Progress	8.13	19.64	4.6	64.44	-

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