SHA:688026 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	325.28	347.75	284.21	539.13	598.88	263.47
Trading Asset Securities	140.24	50.24	175	-	-	-
Cash & Short-Term Investments	465.52	397.99	459.21	539.13	598.88	263.47
Cash Growth	1.75%	-13.33%	-14.82%	-9.98%	127.31%	-26.11%
Accounts Receivable	108.01	136.18	188.47	127.54	104.95	141.09
Other Receivables	11.48	2.44	2.75	4.74	5.95	2.8
Receivables	119.49	138.61	191.22	132.28	110.9	143.89
Inventory	147.87	133.52	129.82	84.48	124.81	123.12
Other Current Assets	52.66	139.41	17.21	15.05	14.02	39.49
Total Current Assets	785.54	809.53	797.45	770.95	848.62	569.96
Property, Plant & Equipment	594.47	588.38	532.93	505.98	574.25	537.02
Long-Term Investments	45.7	45.71	67.44	62.03	62.38	30.74
Other Intangible Assets	59.19	52.28	52.38	53.64	59.34	12.12
Long-Term Deferred Tax Assets	0.1	0.02	6.92	5.59	7.68	10.77
Other Long-Term Assets	231.37	245.41	244.9	227.86	53.08	19.84
Total Assets	1,716	1,741	1,702	1,626	1,605	1,180
Accounts Payable	32.34	39.67	36.4	24.71	36.74	42.88
Accrued Expenses	25.42	21.92	27.53	19.19	23.41	33.21
Current Portion of Long-Term Debt	-	4.49	2.25	1.13	0.68	0.1
Current Portion of Leases	-	-	0.78	1.72	5.83	8.41
Current Income Taxes Payable	-	10.05	16.42	2.82	0	9.98
Current Unearned Revenue	22.51	17.65	19.44	32.79	25.75	34.19
Other Current Liabilities	16.19	13.8	16.5	21.05	28.44	15.55
Total Current Liabilities	96.46	107.58	119.33	103.4	120.85	144.32
Long-Term Debt	388.06	382.48	359.88	336.85	314.04	19.85
Long-Term Leases	0.28	0.42	0.39	0.51	1.37	10.39
Long-Term Unearned Revenue	25.5	23.98	25.34	26.66	27.15	32.11
Long-Term Deferred Tax Liabilities	3.27	1.7	0.04	0.04	1.8	1.96
Other Long-Term Liabilities	-	-	-	1.01	-	-
Total Liabilities	513.57	516.17	504.98	468.46	465.21	208.64
Common Stock	140.36	140.36	140.36	140.36	140.36	100
Additional Paid-In Capital	412.93	413.62	413.56	413.56	421.16	451.78
Retained Earnings	577.28	581.5	534.72	472.54	447.75	420.04
Treasury Stock	-48.75	-30	-30	-	-	-
Comprehensive Income & Other	110.72	110.81	131.14	130.5	130.13	-
Total Common Equity	1,193	1,216	1,190	1,157	1,139	971.82
Minority Interest	10.25	8.86	7.26	0.62	0.73	-
Shareholders' Equity	1,203	1,225	1,197	1,158	1,140	971.82
Total Liabilities & Equity	1,716	1,741	1,702	1,626	1,605	1,180
Total Debt	388.34	387.39	363.3	340.2	321.92	38.75
Net Cash (Debt)	77.18	10.6	95.91	198.93	276.96	224.72
Net Cash Growth	-11.57%	-88.95%	-51.79%	-28.17%	23.25%	-36.97%
Net Cash Per Share	0.56	0.08	0.69	1.43	1.99	1.60
Filing Date Shares Outstanding	140.77	142.05	137.63	140.36	140.36	140
Total Common Shares Outstanding	140.77	142.05	137.63	140.36	140.36	140
Working Capital	689.08	701.95	678.12	667.54	727.77	425.64
Book Value Per Share	8.47	8.56	8.64	8.24	8.12	6.94
Tangible Book Value	1,133	1,164	1,137	1,103	1,080	959.7
Tangible Book Value Per Share	8.05	8.19	8.26	7.86	7.69	6.85
Buildings	-	-	363.79	205.84	246.4	64.38
Machinery	-	-	392.34	378.72	360.48	352.13
Construction In Progress	-	-	22.71	117.84	129.03	226

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