SHA:688022 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	160.19	-	182.07	133.81	136.88	82.81
Short-Term Investments	-	-	20.83	11.23	8.69	-
Trading Asset Securities	-	-	-	-	0.17	202.99
Cash & Short-Term Investments	160.19	115.65	202.9	145.03	145.73	285.8
Cash Growth	12.89%	-43.00%	39.90%	-0.48%	-49.01%	-49.35%
Accounts Receivable	255.78	-	529.58	982.49	882.94	462.31
Other Receivables	34.29	-	16.67	17.75	4.81	29.32
Receivables	290.07	-	546.25	1,000	887.75	499.62
Inventory	454.52	-	685.89	1,003	890.6	487.74
Other Current Assets	190.35	-	246.65	252.37	186.28	117.17
Total Current Assets	1,095	-	1,682	2,401	2,110	1,390
Property, Plant & Equipment	862.28	-	916.87	900.06	628.94	571.8
Long-Term Investments	258.06	-	256.06	472.83	147.13	68.69
Goodwill	-	-	-	4.97	4.97	4.97
Other Intangible Assets	48.5	-	51.96	59.38	30.95	32.15
Long-Term Accounts Receivable	-	-	-	-	2.42	0.2
Long-Term Deferred Tax Assets	60.81	-	70.89	71.45	39.32	17.76
Long-Term Deferred Charges	1.31	-	1.6	28.95	34.41	34.39
Other Long-Term Assets	0.36	-	1.85	137.22	7.25	1.4
Total Assets	2,326	-	2,981	4,076	3,006	2,122
Accounts Payable	142.95	-	572.3	865.3	756.15	400
Accrued Expenses	8.36	-	96.11	150.54	128.03	61.6
Short-Term Debt	693.74	-	715.11	754.88	695.55	482.46
Current Portion of Long-Term Debt	245.69	-	135.05	24.02	51.86	-
Current Portion of Leases	-	-	2.04	17.87	17.67	10.78
Current Income Taxes Payable	28.22	-	0.04	0.1	12.61	6.21
Current Unearned Revenue	388.03	-	468.37	179.74	172.66	112.8
Other Current Liabilities	59.09	-	54.43	38.93	71.59	36.68
Total Current Liabilities	1,566	-	2,043	2,031	1,906	1,111
Long-Term Debt	75.2	-	269.94	242.07	36	44.86
Long-Term Leases	0.14	-	3.44	15.75	20.93	25.93
Long-Term Unearned Revenue	3.52	-	4.45	5.19	5.93	6.67
Long-Term Deferred Tax Liabilities	15.28	-	8.23	11.71	14.07	5.2
Other Long-Term Liabilities	11.16	-	9.33	3.43	-	0.36
Total Liabilities	1,671	-	2,339	2,310	1,983	1,194
Common Stock	175.88	-	175.88	175.88	108.54	108.29
Additional Paid-In Capital	1,508	-	1,520	1,520	627.79	628.41
Retained Earnings	-883.01	-	-910.68	192.31	292.84	219.32
Treasury Stock	-141.25	-	-135	-125.57	-	-23
Comprehensive Income & Other	0.08	-	0.19	0.94	0.81	0.76
Total Common Equity	659.91	692.72	650.85	1,764	1,030	933.79
Minority Interest	-4.85	-	-8.74	2.45	-7.25	-5.66
Shareholders' Equity	655.06	683.84	642.11	1,766	1,023	928.13
Total Liabilities & Equity	2,326	-	2,981	4,076	3,006	2,122
Total Debt	1,015	1,077	1,126	1,055	822.02	564.03
Net Cash (Debt)	-854.58	-961.72	-922.67	-909.56	-676.29	-278.23
Net Cash Per Share	-5.16	-5.43	-5.24	-5.27	-4.51	-1.83
Filing Date Shares Outstanding	134.89	186.24	170.46	170.94	151.95	150.6
Total Common Shares Outstanding	134.89	170.46	170.46	170.94	151.95	150.6
Working Capital	-470.96	-	-361.74	369.43	204.25	279.79
Book Value Per Share	4.89	4.06	3.82	10.32	6.78	6.20
Tangible Book Value	611.41	640.99	598.89	1,699	994.05	896.67
Tangible Book Value Per Share	4.53	3.76	3.51	9.94	6.54	5.95
Buildings	-	-	925.94	553.63	534.43	104.31
Machinery	-	-	91.26	187.44	108.12	106.65
Construction In Progress	-	-	-	222.68	13.43	370.73

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