SHA:688802 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	6,721	1,029	240.23	229.51
Trading Asset Securities	2,641	50.19	400.06	380.43
Cash & Short-Term Investments	9,362	1,079	640.29	609.94
Cash Growth	767.32%	68.58%	4.98%	-
Accounts Receivable	735.22	479.44	37.1	-
Other Receivables	201.1	183.78	38.6	38.43
Receivables	936.32	663.22	75.7	38.43
Inventory	1,496	776.78	187.3	17.67
Other Current Assets	852.92	905.72	370.43	76.34
Total Current Assets	12,647	3,425	1,274	742.38
Property, Plant & Equipment	209.14	238.09	213.34	120.86
Long-Term Investments	602.65	5.13	-	-
Other Intangible Assets	150.56	175.79	97.45	100.18
Long-Term Deferred Tax Assets	0.45	0.47	0.01	0.04
Long-Term Deferred Charges	54.32	8.79	12.7	15.32
Other Long-Term Assets	10.71	36.2	35.2	65.96
Total Assets	13,675	3,890	1,632	1,045
Accounts Payable	35.98	83.44	72.75	45.94
Accrued Expenses	155.04	120.31	69.82	26.33
Short-Term Debt	-	494.59	119.81	-
Current Portion of Long-Term Debt	-	2.21	-	-
Current Portion of Leases	20.94	20.64	-	-
Current Income Taxes Payable	3.13	3	0.09	-
Current Unearned Revenue	116.44	134.39	34.13	-
Other Current Liabilities	95.61	62.73	44.28	40.13
Total Current Liabilities	427.15	921.32	340.88	112.4
Long-Term Debt	-	1,735	-	-
Long-Term Leases	39	38.35	75.88	7.02
Long-Term Unearned Revenue	38.18	14.18	4.49	0.8
Long-Term Deferred Tax Liabilities	0.49	0.06	0.23	0.29
Other Long-Term Liabilities	4.59	1.96	0.06	-
Total Liabilities	509.41	2,711	421.55	120.51
Common Stock	400.1	8.58	6.17	5.21
Additional Paid-In Capital	14,371	1,985	3,241	2,084
Retained Earnings	-1,604	-815.01	-2,036	-1,165
Comprehensive Income & Other	-1.32	-0.52	0.08	-0.01
Shareholders' Equity	13,165	1,178	1,211	924.23
Total Liabilities & Equity	13,675	3,890	1,632	1,045
Total Debt	59.95	2,291	195.7	7.02
Net Cash (Debt)	9,302	-1,212	444.59	602.92
Net Cash Growth	-	-	-26.26%	-
Net Cash Per Share	28.75	-6.03	-	-
Filing Date Shares Outstanding	400.1	8.58	-	-
Total Common Shares Outstanding	400.1	8.58	-	-
Working Capital	12,220	2,504	932.84	629.98
Book Value Per Share	32.91	137.26	-	-
Tangible Book Value	13,015	1,003	1,113	824.05
Tangible Book Value Per Share	32.53	116.78	-	-
Machinery	388.65	330.69	208.37	133.82
Construction In Progress	-	2.17	1.44	-

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