SHA:688020 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	406.04	360.81	68.45	309.28	468.08	408.28
Short-Term Investments	30.7	193.59	349.02	286.24	194.1	171.17
Trading Asset Securities	126.82	100	120.24	161.36	117.7	215
Cash & Short-Term Investments	563.57	654.4	537.71	756.88	779.88	794.46
Cash Growth	189.55%	21.70%	-28.96%	-2.95%	-1.84%	-31.45%
Accounts Receivable	217.92	226.86	198.91	170.33	167.61	177.31
Other Receivables	0.69	0.18	0.23	0.17	0.94	0.95
Receivables	218.61	227.05	199.14	170.5	168.55	178.26
Inventory	83.13	74.08	85.37	61.69	49.42	51
Other Current Assets	92.62	5.65	7.84	23.4	22.83	63.42
Total Current Assets	957.93	961.18	830.05	1,012	1,021	1,087
Property, Plant & Equipment	661.28	679.37	780.68	849.38	882.38	773.36
Long-Term Investments	51.39	49.44	112.84	20	-	-
Other Intangible Assets	32.24	32.54	31.79	32.92	33.93	35.05
Long-Term Deferred Tax Assets	26.18	26.99	29.01	22.78	14.54	10.6
Long-Term Deferred Charges	0.16	0.17	0.17	0.39	0.06	2.37
Other Long-Term Assets	0.38	0.51	15.56	7.4	16.57	16.34
Total Assets	1,730	1,750	1,800	1,945	1,968	1,925
Accounts Payable	44.56	58.41	68.57	127.64	167.23	144.56
Accrued Expenses	11.88	16.08	15.67	11.25	15.63	15.43
Short-Term Debt	215.52	232.94	210.15	192.45	132.31	81.83
Current Portion of Leases	2.02	2.62	3.2	4.12	1.54	5.84
Current Income Taxes Payable	1.8	0.48	0.35	2.86	0.62	1.46
Current Unearned Revenue	0.05	0.05	9.55	9.51	10.2	0.28
Other Current Liabilities	8.79	7.71	9.1	9.12	4.75	6.7
Total Current Liabilities	284.61	318.3	316.58	356.96	332.28	256.1
Long-Term Leases	0.39	0.8	2.12	4.65	-	1.54
Long-Term Unearned Revenue	75.98	79.02	84.53	79.42	75.44	33.92
Long-Term Deferred Tax Liabilities	0.48	0.64	0.99	1.59	0.22	-
Total Liabilities	391.55	398.76	404.22	442.61	407.94	291.56
Common Stock	82.39	82.37	80.74	80.63	80.21	80
Additional Paid-In Capital	1,171	1,168	1,115	1,109	1,095	1,089
Retained Earnings	77.22	94.53	193.15	299.8	368.47	451.48
Treasury Stock	-15.01	-15.01	-15.01	-4.01	-	-
Total Common Equity	1,316	1,330	1,374	1,485	1,544	1,620
Minority Interest	22.34	21.42	21.7	17.8	16.07	12.87
Shareholders' Equity	1,338	1,351	1,396	1,503	1,560	1,633
Total Liabilities & Equity	1,730	1,750	1,800	1,945	1,968	1,925
Total Debt	248.03	236.35	215.47	201.21	133.85	89.21
Net Cash (Debt)	315.54	418.04	322.23	555.67	646.04	705.25
Net Cash Growth	-	29.73%	-42.01%	-13.99%	-8.39%	-36.59%
Net Cash Per Share	4.85	6.30	4.01	6.96	8.07	8.74
Filing Date Shares Outstanding	81.96	81.94	80.32	80.21	80.21	80
Total Common Shares Outstanding	81.96	81.94	80.31	80.21	80.21	80
Working Capital	673.33	642.88	513.48	655.52	688.4	831.04
Book Value Per Share	16.05	16.23	17.11	18.51	19.25	20.26
Tangible Book Value	1,283	1,297	1,342	1,452	1,510	1,585
Tangible Book Value Per Share	15.66	15.83	16.72	18.10	18.83	19.82
Buildings	-	426.89	426.89	428.22	429.45	127.09
Machinery	-	516.51	545.91	532.63	505.73	339.82
Construction In Progress	-	0.01	3.21	4.85	0.77	298.96