SHA:688018 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	1,062	1,025	673.88	464.01	350.68	367.15
Short-Term Investments	-	950.4	212.59	94.51	190.83	170
Trading Asset Securities	703.3	876.01	-	90.32	461.22	747.41
Cash & Short-Term Investments	1,765	2,851	886.48	648.83	1,003	1,285
Cash Growth	85.22%	221.63%	36.63%	-35.29%	-21.94%	-5.62%
Accounts Receivable	383.14	363.64	357.03	293.72	200.64	318.42
Other Receivables	9.65	56.55	32.48	13.51	37.32	43.29
Receivables	392.79	427.09	393.89	311.95	237.95	361.72
Inventory	740.19	627.64	485.62	242.35	448.98	326.17
Other Current Assets	1,007	28.95	19.51	12.56	19.24	14.95
Total Current Assets	3,905	3,935	1,785	1,216	1,709	1,987
Property, Plant & Equipment	602.92	585.91	119.12	92.34	81.94	67.91
Long-Term Investments	295.28	294.4	478.73	823.98	267.7	56.6
Goodwill	74.65	74.65	74.65	-	-	-
Other Intangible Assets	25.61	26.66	30.85	1.63	2.41	3.19
Long-Term Deferred Tax Assets	116.37	108.49	101.16	60.81	15.27	6.37
Long-Term Deferred Charges	21.41	22.75	19.45	9.34	6.57	7.58
Other Long-Term Assets	-	-	40	-	-	-
Total Assets	5,042	5,048	2,649	2,204	2,083	2,129
Accounts Payable	197.45	187.53	160.74	79.84	77.92	138.57
Accrued Expenses	68.13	160.13	140.24	102.84	90.24	72.61
Short-Term Debt	-	-	0.5	-	-	-
Current Portion of Leases	7.78	6.94	11.71	8.59	9.61	8.64
Current Income Taxes Payable	5.34	0.07	5.52	0.01	0.01	0.03
Current Unearned Revenue	33.95	23.38	20.88	13.32	9.04	17.18
Other Current Liabilities	50.34	38.48	13.55	12.03	3.7	0.75
Total Current Liabilities	363	416.53	353.14	216.63	190.53	237.79
Long-Term Leases	27.86	23.7	14.8	8.45	12.84	12.12
Long-Term Deferred Tax Liabilities	122.58	117.01	101.53	65.09	52.75	56.13
Other Long-Term Liabilities	0.62	0.64	0.62	0.63	-	-
Total Liabilities	514.06	557.88	470.1	290.8	256.12	306.04
Common Stock	167.14	167.14	112.2	80.79	80.48	80.16
Additional Paid-In Capital	3,047	3,041	1,351	1,359	1,310	1,267
Retained Earnings	1,436	1,301	869.46	596.6	460.4	491.8
Treasury Stock	-160.17	-67.43	-208.68	-146.97	-40.97	-
Comprehensive Income & Other	5.44	17.64	25.62	24.07	16.95	-15.71
Total Common Equity	4,496	4,459	2,150	1,913	1,827	1,823
Minority Interest	31.77	31.36	29.39	-	-	-
Shareholders' Equity	4,527	4,490	2,179	1,913	1,827	1,823
Total Liabilities & Equity	5,042	5,048	2,649	2,204	2,083	2,129
Total Debt	35.64	30.65	27.01	17.05	22.45	20.76
Net Cash (Debt)	1,729	2,821	859.47	631.79	980.29	1,264
Net Cash Growth	144.73%	228.18%	36.04%	-35.55%	-22.43%	-7.14%
Net Cash Per Share	10.69	17.77	5.56	4.01	6.23	7.98
Filing Date Shares Outstanding	165.7	166.01	153.93	153.39	156.87	157.11
Total Common Shares Outstanding	165.7	166.01	153.93	153.39	156.87	157.11
Working Capital	3,542	3,518	1,432	999.07	1,518	1,750
Book Value Per Share	27.13	26.86	13.97	12.47	11.64	11.60
Tangible Book Value	4,395	4,357	2,044	1,911	1,824	1,820
Tangible Book Value Per Share	26.53	26.25	13.28	12.46	11.63	11.58
Buildings	-	412.66	-	-	-	-
Machinery	-	278.05	194.54	153.12	118.33	86.7

Source: S&P Global Market Intelligence. Standard template. Financial Sources.