SHA:688016 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	1,089	2,003	2,171	2,967	976.89	1,243
Trading Asset Securities	991.66	100.37	-	-	-	-
Cash & Short-Term Investments	2,081	2,103	2,171	2,967	976.89	1,243
Cash Growth	-3.02%	-3.11%	-26.84%	203.71%	-21.42%	18.26%
Accounts Receivable	546.63	384.46	254.04	148.09	123.99	73.2
Other Receivables	4.49	0.41	0.84	1.03	0.86	0.71
Receivables	551.12	385.25	255.12	149.37	125.27	74.05
Inventory	282.58	272.3	266.4	210.89	155.97	106.92
Other Current Assets	31.69	41.43	48.04	38.06	36.2	34.42
Total Current Assets	2,946	2,802	2,740	3,365	1,294	1,459
Property, Plant & Equipment	735.77	712.48	411.76	335.32	225.84	117.12
Long-Term Investments	-	-	-	121.86	125.98	-
Goodwill	452.61	465.25	435.88	-	-	-
Other Intangible Assets	413.54	414.69	440.25	207.63	219.29	76.07
Long-Term Deferred Tax Assets	31.44	28.3	22.93	19.53	10.38	13.65
Long-Term Deferred Charges	198.65	202.78	185.98	173.99	97.42	78.7
Other Long-Term Assets	15.41	15.6	54.64	22.63	21.87	9.4
Total Assets	4,794	4,641	4,292	4,246	1,995	1,754
Accounts Payable	48.44	60.13	41.27	40.4	42.13	24.79
Accrued Expenses	47.18	170.87	154.27	137.32	78.07	95.14
Short-Term Debt	-	-	14	-	-	-
Current Portion of Leases	7.42	10.61	12.89	11.38	9.09	8.84
Current Income Taxes Payable	60.54	26.4	10.78	27.34	9.66	10.71
Current Unearned Revenue	34.91	13.78	4.57	1.86	2.53	2.16
Other Current Liabilities	226.19	127.45	101.26	94.47	45.36	20.4
Total Current Liabilities	424.69	409.25	339.04	312.76	186.83	162.05
Long-Term Leases	4.64	4.37	13.97	24.37	32.09	36.97
Long-Term Unearned Revenue	73.41	75.56	59.1	37.88	27.25	24.61
Long-Term Deferred Tax Liabilities	40.6	42.38	49.36	-	-	-
Other Long-Term Liabilities	11.08	11.07	7.65	7.62	6.32	7.84
Total Liabilities	554.42	542.63	469.13	382.63	252.49	231.47
Common Stock	123.26	123.26	123.26	82.73	71.98	71.98
Additional Paid-In Capital	2,672	2,669	2,656	2,623	834.99	818.33
Retained Earnings	1,665	1,510	1,147	1,137	809.71	603.98
Treasury Stock	-240.11	-240.11	-120	-	-	-
Comprehensive Income & Other	-2.26	13.13	-13.71	1.59	1.99	-
Total Common Equity	4,218	4,075	3,792	3,844	1,719	1,494
Minority Interest	21.24	23.18	30.63	19.76	23.96	27.81
Shareholders' Equity	4,239	4,099	3,822	3,864	1,743	1,522
Total Liabilities & Equity	4,794	4,641	4,292	4,246	1,995	1,754
Total Debt	12.06	14.98	40.86	35.75	41.18	45.81
Net Cash (Debt)	2,069	2,088	2,130	2,931	935.71	1,197
Net Cash Growth	4.22%	-1.96%	-27.34%	213.26%	-21.86%	13.90%
Net Cash Per Share	17.17	17.24	17.26	27.21	8.73	11.17
Filing Date Shares Outstanding	120.84	120.84	122.37	123.26	107.25	107.25
Total Common Shares Outstanding	120.84	120.84	122.37	123.26	107.25	107.25
Working Capital	2,522	2,393	2,401	3,052	1,108	1,297
Book Value Per Share	34.91	33.72	30.99	31.18	16.03	13.93
Tangible Book Value	3,352	3,195	2,916	3,636	1,499	1,418
Tangible Book Value Per Share	27.74	26.44	23.83	29.50	13.98	13.22
Buildings	-	49.51	49.79	50.05	48.34	45.97
Machinery	-	144.87	138.16	99.48	80.2	58.67
Construction In Progress	-	606.65	288.27	205.96	100.65	2.25