SHA:688028 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	239.07	248.05	264.73	236.88	454.44	306.47
Cash & Short-Term Investments	239.07	248.05	264.73	236.88	454.44	306.47
Cash Growth	25.84%	-6.30%	11.76%	-47.87%	48.28%	-27.18%
Accounts Receivable	248.96	273.19	224.87	243.55	195.67	100.66
Other Receivables	2.9	1.63	2.42	0.28	1.88	0.33
Receivables	251.85	274.82	227.29	243.84	197.55	100.99
Inventory	324.46	294.62	299.16	272.26	191.27	98.71
Other Current Assets	55.42	39.49	24.92	36.95	28.39	9.48
Total Current Assets	870.8	856.98	816.11	789.93	871.65	515.65
Property, Plant & Equipment	940.39	936.87	929.63	790.2	675.17	312.03
Long-Term Investments	23.46	28.5	33.88	30.8	14.77	9.86
Goodwill	391.17	391.31	391.99	392.57	393.5	-
Other Intangible Assets	70.22	70.87	73.54	74.68	77.1	46.43
Long-Term Deferred Tax Assets	14.44	14.29	10.19	6.15	2.98	1.54
Long-Term Deferred Charges	13.91	13.12	6.12	5.91	1.93	0.44
Other Long-Term Assets	17.12	8.8	6.08	42.68	24.91	45.47
Total Assets	2,342	2,321	2,268	2,133	2,062	931.42
Accounts Payable	71.11	69.3	53.06	60.38	41.68	18.93
Accrued Expenses	23.61	60.94	41.52	36.6	33.6	24.88
Short-Term Debt	79.53	79.63	40.47	12.91	21.44	-
Current Portion of Long-Term Debt	41.04	29.82	70.95	5.01	-	-
Current Portion of Leases	-	0.96	0.52	0.35	4.98	1.03
Current Income Taxes Payable	10.11	6.87	7.54	7.58	6.23	1.2
Current Unearned Revenue	4.39	3.25	3.24	3.44	2.89	1.91
Other Current Liabilities	32.69	24.24	18.46	20.17	19	15.87
Total Current Liabilities	262.49	275.02	235.77	146.43	129.81	63.83
Long-Term Debt	-	-	9.89	-	-	-
Long-Term Leases	2.33	2.43	0.78	1.14	0.02	1.11
Long-Term Unearned Revenue	52.44	55.22	55.29	49.33	38.31	3.42
Long-Term Deferred Tax Liabilities	3.51	3.41	6.38	9.87	11.51	-
Other Long-Term Liabilities	-	-	8.93	10.37	1.48	-
Total Liabilities	320.77	336.09	317.04	217.15	181.13	68.36
Common Stock	150.95	150.95	152	153.41	109.58	80
Additional Paid-In Capital	1,412	1,404	1,422	1,451	1,495	555.1
Retained Earnings	458.75	429.67	385.95	339.97	275.59	227.97
Treasury Stock	-	-	-10.38	-29.91	-	-
Comprehensive Income & Other	0.13	0.66	0.19	0.26	0.2	-
Total Common Equity	2,022	1,985	1,950	1,915	1,880	863.06
Minority Interest	-0.77	-0.78	0.28	1.09	0.74	-
Shareholders' Equity	2,021	1,985	1,950	1,916	1,881	863.06
Total Liabilities & Equity	2,342	2,321	2,268	2,133	2,062	931.42
Total Debt	122.9	112.85	122.62	19.41	26.43	2.14
Net Cash (Debt)	116.17	135.2	142.12	217.47	428.01	304.33
Net Cash Growth	-9.80%	-4.87%	-34.65%	-49.19%	40.64%	-27.69%
Net Cash Per Share	0.77	0.89	0.94	1.42	3.50	2.71
Filing Date Shares Outstanding	150.95	150.95	151.42	152	153.41	112
Total Common Shares Outstanding	150.95	150.95	151.42	152	153.41	112
Working Capital	608.31	581.96	580.34	643.5	741.85	451.82
Book Value Per Share	13.39	13.15	12.88	12.60	12.26	7.71
Tangible Book Value	1,560	1,523	1,485	1,447	1,410	816.63
Tangible Book Value Per Share	10.34	10.09	9.81	9.52	9.19	7.29
Buildings	-	275.24	218.95	120.87	119.56	75.15
Machinery	-	1,093	1,036	816.44	690.27	310.96
Construction In Progress	-	66.03	80.7	170.47	106.44	60.13

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