SHA:603207 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	643.48	647.59	883.43	285.54	58.66	44.81
Short-Term Investments	-	-	-	-	1.31	5.08
Trading Asset Securities	3	-	-	2.97	108.96	158.11
Cash & Short-Term Investments	646.48	647.59	883.43	288.52	168.93	208.01
Cash Growth	-29.25%	-26.70%	206.20%	70.79%	-18.79%	84.58%
Accounts Receivable	135.54	123.97	90.29	85.39	81.88	55.82
Other Receivables	3.57	2.93	2.21	2.06	0.82	0.72
Receivables	139.11	126.9	92.5	87.46	82.69	56.55
Inventory	60.71	69.18	45.21	49.9	57.2	53.37
Other Current Assets	36.62	16.19	10.8	26.19	19.04	8.45
Total Current Assets	882.92	859.86	1,032	452.06	327.87	326.37
Property, Plant & Equipment	349.43	349.22	338.04	226.57	62.97	25.75
Long-Term Investments	-	-	-	-	-	1.27
Other Intangible Assets	22.54	22.94	24.53	26.12	27.7	29.23
Long-Term Deferred Tax Assets	5.41	4.8	3.36	2.86	2.27	2
Long-Term Deferred Charges	-	-	1.32	0.47	0.49	0.74
Other Long-Term Assets	1.1	2.65	3.26	4.58	42	0.67
Total Assets	1,261	1,239	1,402	712.65	463.3	386.02
Accounts Payable	40.3	38.99	23.09	19.61	27.42	16.61
Accrued Expenses	7.43	37.08	36.34	38.38	28.91	34.34
Short-Term Debt	6.35	1.12	1.65	-	-	-
Current Portion of Leases	1.31	1.06	0.67	0.42	-	-
Current Income Taxes Payable	13.62	6.09	7.13	5.33	12.5	13.71
Current Unearned Revenue	7.12	6.97	0.89	0.61	1.55	11.79
Other Current Liabilities	34.66	55.02	98.38	67.82	19.58	79.09
Total Current Liabilities	110.79	146.34	168.15	132.18	89.96	155.55
Long-Term Leases	0.04	0.32	-	0.44	0.88	1.27
Long-Term Unearned Revenue	0.05	0.05	0.07	0.08	0.09	0.1
Total Liabilities	110.88	146.71	168.21	132.7	90.94	156.92
Common Stock	160.82	160.56	160	120	120	120
Additional Paid-In Capital	493.91	489.09	478.23	69.22	65.25	61.18
Retained Earnings	506.27	450.26	596.01	390.73	187.11	47.93
Treasury Stock	-10.47	-7.15	-	-	-	-
Shareholders' Equity	1,151	1,093	1,234	579.95	372.36	229.11
Total Liabilities & Equity	1,261	1,239	1,402	712.65	463.3	386.02
Total Debt	7.7	2.5	2.32	0.86	0.88	1.27
Net Cash (Debt)	638.78	645.08	881.11	287.65	168.05	206.74
Net Cash Growth	-30.00%	-26.79%	206.31%	71.17%	-18.71%	83.45%
Net Cash Per Share	3.98	4.01	6.57	2.40	1.40	1.72
Filing Date Shares Outstanding	160.82	160.82	160.56	160	120	120
Total Common Shares Outstanding	160.82	160.56	160	120	120	120
Working Capital	772.13	713.52	863.79	319.89	237.9	170.83
Book Value Per Share	7.15	6.81	7.71	4.83	3.10	1.91
Tangible Book Value	1,128	1,070	1,210	553.84	344.66	199.88
Tangible Book Value Per Share	7.01	6.66	7.56	4.62	2.87	1.67
Buildings	-	13.22	26.35	26.35	26.35	25.62
Machinery	-	41	36.94	35.52	35.19	32.62
Construction In Progress	-	336.51	329.17	216.53	50.04	12.67