SHA:688790 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	-	370.99	333.05	398.61
Trading Asset Securities	-	110.36	287.94	222.28
Cash & Short-Term Investments	-	481.35	620.99	620.89
Cash Growth	-	-22.49%	0.02%	-
Accounts Receivable	-	83.17	94.35	50.96
Other Receivables	-	6.57	25.61	11.78
Receivables	-	89.74	119.95	62.75
Inventory	-	786.54	526.97	459.18
Other Current Assets	-	65.98	108.72	48.61
Total Current Assets	-	1,424	1,377	1,191
Property, Plant & Equipment	-	194.55	204.57	205.46
Other Intangible Assets	-	21.48	29.24	8.31
Long-Term Deferred Tax Assets	-	10.15	12.07	9.47
Long-Term Deferred Charges	-	65.43	76.98	44.07
Other Long-Term Assets	-	5.98	14.66	53.81
Total Assets	-	1,721	1,714	1,513
Accounts Payable	-	253.07	255.32	70.15
Accrued Expenses	-	50.01	63.9	58.55
Short-Term Debt	-	261.98	173.13	20.02
Current Portion of Leases	-	9.87	11.72	12.39
Current Income Taxes Payable	-	0.08	0.22	0.09
Current Unearned Revenue	-	10.76	46.96	33.02
Other Current Liabilities	-	61.76	11.53	11.26
Total Current Liabilities	-	647.54	562.79	205.48
Long-Term Debt	-	10	-	-
Long-Term Leases	-	42.59	51.03	40.03
Long-Term Unearned Revenue	-	33.66	48.1	12.83
Long-Term Deferred Tax Liabilities	-	10.15	12.07	9.47
Other Long-Term Liabilities	-	-	0.14	0.1
Total Liabilities	-	743.95	674.12	267.91
Common Stock	-	74.65	74.65	74.65
Additional Paid-In Capital	-	2,120	2,120	1,877
Retained Earnings	-	-1,239	-1,174	-723.78
Comprehensive Income & Other	-	21.29	19.36	17.11
Shareholders' Equity	-	977.26	1,040	1,245
Total Liabilities & Equity	-	1,721	1,714	1,513
Total Debt	-	324.45	235.88	72.44
Net Cash (Debt)	-	156.9	385.1	548.45
Net Cash Growth	-	-59.26%	-29.78%	-
Net Cash Per Share	-	2.11	5.16	7.34
Filing Date Shares Outstanding	99.53	74.65	74.65	74.71
Total Common Shares Outstanding	99.53	74.65	74.65	74.71
Working Capital	-	776.07	813.84	985.94
Book Value Per Share	-	13.09	13.93	16.66
Tangible Book Value	-	955.78	1,011	1,236
Tangible Book Value Per Share	-	12.80	13.54	16.55
Machinery	-	275.31	235.24	123.86
Construction In Progress	-	0.97	0.94	90.12

Source: S&P Capital IQ. Standard template. Financial Sources.