SHA:688025 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	864.1	850.94	325.34	410.78	300.88	341.05
Trading Asset Securities	0.1	10.21	5	30.16	-	181.02
Cash & Short-Term Investments	864.2	861.15	330.34	440.94	300.88	522.07
Cash Growth	65.45%	160.68%	-25.08%	46.55%	-42.37%	-46.85%
Accounts Receivable	832.68	752	737.38	543.07	542.9	407.05
Other Receivables	19.7	16.57	13.39	13.25	13.84	13.91
Receivables	852.38	768.57	750.77	556.32	556.74	420.96
Inventory	835.39	708.21	696.21	658.71	697	583.86
Other Current Assets	121.87	103.81	104.09	89.56	113.33	110.01
Total Current Assets	2,674	2,442	1,881	1,746	1,668	1,637
Property, Plant & Equipment	573.77	523.49	457.7	438.5	426.1	387.01
Long-Term Investments	153.92	151.25	118.72	101.29	149.25	74.66
Goodwill	3.23	3.23	6.64	13.49	25.46	27.12
Other Intangible Assets	81.74	84.68	92.89	91.24	96.06	90.77
Long-Term Deferred Tax Assets	50.96	55.25	39.64	26.6	28.04	25.84
Long-Term Deferred Charges	38.77	40.14	49.03	54.85	47.97	52.36
Other Long-Term Assets	93.33	89.68	109.78	76.41	3.92	7.47
Total Assets	3,670	3,389	2,756	2,548	2,445	2,302
Accounts Payable	748.36	602	427.77	272.72	325.82	286.05
Accrued Expenses	92.98	78.36	48.82	100.7	41.07	62.63
Short-Term Debt	30.01	-	30.02	30.03	30.03	60.05
Current Portion of Long-Term Debt	-	-	-	-	2.55	-
Current Portion of Leases	-	21.58	19.54	14.53	18.09	14.91
Current Income Taxes Payable	-	11.84	7.31	5.1	2.22	5.25
Current Unearned Revenue	156.18	185.84	82.05	90.85	66.76	50.77
Other Current Liabilities	101.91	78.44	58.03	34.86	27.06	29.78
Total Current Liabilities	1,129	978.05	673.54	548.81	513.6	509.45
Long-Term Debt	96.98	71.94	13.26	5.08	50.38	3.98
Long-Term Leases	7.87	7.77	16.49	20.82	34.07	45.91
Long-Term Unearned Revenue	10.07	10.99	13.99	14.57	14.03	14.69
Long-Term Deferred Tax Liabilities	0.3	0.33	0.32	0.52	0.65	0.76
Other Long-Term Liabilities	7.63	7.89	-	-	-	-
Total Liabilities	1,252	1,077	717.61	589.81	612.74	574.8
Common Stock	95.05	95.05	95.05	94.99	93.82	92.87
Additional Paid-In Capital	1,428	1,419	1,400	1,401	1,361	1,309
Retained Earnings	895.2	797.52	558.55	459.03	375.07	325.89
Treasury Stock	-16.02	-16.02	-22.58	-12.68	-	-
Comprehensive Income & Other	2.54	2.7	3.23	2.73	2.26	-1.28
Total Common Equity	2,404	2,299	2,035	1,945	1,832	1,727
Minority Interest	12.93	13.97	3.48	12.66	-0.16	0.42
Shareholders' Equity	2,417	2,313	2,038	1,958	1,832	1,727
Total Liabilities & Equity	3,670	3,389	2,756	2,548	2,445	2,302
Total Debt	134.87	101.29	79.32	70.47	135.12	124.86
Net Cash (Debt)	729.34	759.86	251.02	370.47	165.76	397.2
Net Cash Growth	55.51%	202.71%	-32.24%	123.50%	-58.27%	-57.39%
Net Cash Per Share	7.67	7.99	2.65	3.93	1.77	4.31
Filing Date Shares Outstanding	94.83	94.8	94.6	94.77	93.82	92.87
Total Common Shares Outstanding	94.83	94.8	94.6	94.83	93.82	92.87
Working Capital	1,544	1,464	1,208	1,197	1,154	1,127
Book Value Per Share	25.35	24.25	21.51	20.51	19.53	18.60
Tangible Book Value	2,319	2,211	1,935	1,841	1,711	1,609
Tangible Book Value Per Share	24.46	23.32	20.46	19.41	18.23	17.33
Buildings	-	245.94	245.94	241.52	166.25	166.25
Machinery	-	264.2	245.89	237.42	222.82	181.47
Construction In Progress	-	156.36	74.47	42.22	75.59	41.1

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