v3.26.1
Consolidated Statements of Financial Position
¥ in Thousands, $ in Thousands
Dec. 31, 2025
CNY (¥)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
NON-CURRENT ASSETS      
Property, plant and equipment ¥ 781,235 $ 111,715 ¥ 849,450
Right-of-use assets 47,827 6,839 56,109
Goodwill 24,694 3,531 24,694
Other intangible assets 65,936 9,429 75,998
Investment in a joint venture 33,030 4,723 32,717
Financial assets at fair value through profit or loss (“FVTPL”) 4,000 572 1,141
Deferred tax assets 31,957 4,570 44,236
Other non-current assets 30,725 4,394 59,303
Total non-current assets 1,019,404 145,773 1,143,648
CURRENT ASSETS      
Inventories 28,618 4,092 6,597
Trade receivables, net 252,938 36,170 83,143
Prepayments, other receivables and other assets 192,532 27,532 123,211
Cash and bank balances 2,470,085 353,217 1,261,211
Total current assets 2,944,173 421,011 1,474,162
CURRENT LIABILITIES      
Trade payables 106,740 15,264 91,966
Other payables and accruals 276,666 39,563 258,098
Contract liabilities 37,485 5,360 37,485
Interest-bearing bank and other borrowings 1,222,481 174,812 779,062
Total current liabilities 1,643,372 234,999 1,166,611
NET CURRENT ASSETS 1,300,801 186,012 307,551
TOTAL ASSETS LESS CURRENT LIABILITIES 2,320,205 331,785 1,451,199
NON-CURRENT LIABILITIES      
Contract liabilities 210,224 30,062 248,460
Interest-bearing bank and other borrowings 757,238 108,284 889,435
Deferred tax liabilities 5,368
Deferred income 6,500 929 27,500
Other non-current liabilities 12,031 1,720 6,274
Total non-current liabilities 985,993 140,995 1,177,037
Commitments and contingencies
TOTAL LIABILITIES 2,629,365 375,994 2,343,648
EQUITY      
Ordinary shares (par value of US$0.0001 per share as of December 31, 2024 and 2025; 315,224,993 and 373,321,692 shares authorized, issued and outstanding as of December 31, 2024 and 2025, respectively) 256 37 214
Treasury shares (2,961) (423) (8)
Share premium 8,916,853 1,275,093 6,545,129
Capital and reserves (397,276) (56,810) (384,515)
Exchange fluctuation reserve (179,086) (25,609) (126,071)
Accumulated losses (7,013,324) (1,002,892) (5,770,555)
Equity attributable to ordinary equity holders of the Company 1,324,462 189,396 264,194
Non-controlling interests 9,750 1,394 9,968
Total equity ¥ 1,334,212 $ 190,790 ¥ 274,162