SHA:688019 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	1,683	1,621	897.66	532.01	329.32	332.63
Trading Asset Securities	171.13	51.86	44.68	61.13	168.72	219.38
Cash & Short-Term Investments	1,854	1,673	942.34	593.14	498.04	552.01
Cash Growth	91.69%	77.53%	58.87%	19.10%	-9.78%	-33.76%
Accounts Receivable	618.47	552.12	392.77	282.01	237.57	178.09
Other Receivables	1.13	0.88	1.32	1.21	1.21	0.88
Receivables	619.6	553.01	394.08	283.22	238.78	178.97
Inventory	1,124	1,050	617.64	427.21	365.9	230.42
Other Current Assets	71.38	50.39	72.1	38.74	43.25	34.53
Total Current Assets	3,669	3,326	2,026	1,342	1,146	995.93
Property, Plant & Equipment	1,102	1,033	777.74	583.59	543.44	503.49
Long-Term Investments	359.14	384.03	339.08	314.11	208.94	100.52
Goodwill	-	-	-	7.39	-	-
Other Intangible Assets	75.35	74.43	79.36	80.23	33.76	12.25
Long-Term Deferred Tax Assets	46.92	36.49	46.12	44.35	45.23	41.72
Long-Term Deferred Charges	143.59	145.77	158.79	134.92	16.68	11.03
Other Long-Term Assets	58.77	38.55	24.52	96.51	53.6	7.29
Total Assets	5,455	5,038	3,452	2,603	2,048	1,672
Accounts Payable	182.51	182.58	143.33	80.5	85.72	80.79
Accrued Expenses	26.7	47.89	59.64	31.81	32.5	17.72
Short-Term Debt	145.68	145.69	130.1	9.87	30.03	15.89
Current Portion of Long-Term Debt	54.5	2.12	37.07	4.01	0.13	-
Current Portion of Leases	-	45.89	31.75	27.66	23.93	26.99
Current Income Taxes Payable	38.84	17.84	15.71	4.13	20.98	21.25
Current Unearned Revenue	44.73	38.41	39.69	30.76	181.83	168.43
Other Current Liabilities	24.32	8.06	9.28	4.23	1.71	1.14
Total Current Liabilities	517.28	488.48	466.57	192.96	376.84	332.2
Long-Term Debt	132.1	820.68	114.45	94.59	29.9	-
Long-Term Leases	135.38	122.27	82.2	82.85	98.96	116.9
Long-Term Unearned Revenue	65.02	69.12	83.65	102.03	18.51	21.98
Long-Term Deferred Tax Liabilities	6.39	6.95	3.93	6.92	1.84	-
Total Liabilities	856.17	1,507	750.8	479.36	526.05	471.07
Common Stock	174.99	168.56	129.21	99.07	74.7	53.22
Additional Paid-In Capital	1,960	1,102	1,068	1,019	791.59	779.52
Retained Earnings	2,456	2,249	1,523	1,023	652.67	368.21
Treasury Stock	-	-	-19.75	-19.75	-	-
Comprehensive Income & Other	-2.6	11.41	0.62	2.73	2.59	0.21
Shareholders' Equity	4,599	3,531	2,701	2,124	1,522	1,201
Total Liabilities & Equity	5,455	5,038	3,452	2,603	2,048	1,672
Total Debt	467.66	1,137	395.58	218.98	182.95	159.77
Net Cash (Debt)	1,386	536.26	546.76	374.16	315.08	392.24
Net Cash Growth	150.81%	-1.92%	46.13%	18.75%	-19.67%	-51.65%
Net Cash Per Share	8.17	3.17	3.26	2.24	1.92	2.40
Filing Date Shares Outstanding	174.99	174.99	167.82	167.22	166.92	163.7
Total Common Shares Outstanding	174.99	168.56	167.82	167.22	164.12	163.7
Working Capital	3,151	2,837	1,560	1,149	769.12	663.73
Book Value Per Share	26.22	20.95	16.09	12.70	9.27	7.34
Tangible Book Value	4,513	3,457	2,622	2,036	1,488	1,189
Tangible Book Value Per Share	25.79	20.51	15.62	12.18	9.07	7.26
Buildings	-	106.3	105.3	53.43	53.43	51.83
Machinery	-	876.38	640.81	419.46	305.11	283.99
Construction In Progress	-	226.2	166.53	178.71	192.46	111.44

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