SHA:688031 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	242.92	353.96	583.27	352.75	282.52	53.5
Short-Term Investments	-	30.36	30.15	131.92	-	-
Trading Asset Securities	66.7	71.59	71.65	595.17	1,262	491.06
Cash & Short-Term Investments	309.62	455.91	685.07	1,080	1,544	544.56
Cash Growth	-48.63%	-33.45%	-36.56%	-30.07%	183.57%	-27.33%
Accounts Receivable	321.61	325.23	376.82	413.17	267.54	194.08
Other Receivables	16.91	16.78	17.44	8.37	8.18	6.62
Receivables	338.53	342.01	394.26	421.54	275.72	200.7
Inventory	50.4	51.79	51.61	50.25	48.78	42.88
Other Current Assets	57.73	23.44	7.16	7.39	4.81	15.93
Total Current Assets	756.27	873.14	1,138	1,559	1,874	804.07
Property, Plant & Equipment	102.96	115.35	169.05	136.04	54.31	46.64
Long-Term Investments	129.17	97.22	35.89	27.01	-	-
Other Intangible Assets	83.17	88.39	52.8	21.87	0.19	0.15
Long-Term Deferred Charges	12.59	3.94	0.42	1.08	3.01	2.93
Other Long-Term Assets	-	-	-	47.83	16.28	-
Total Assets	1,084	1,178	1,396	1,793	1,947	853.79
Accounts Payable	97.75	99.13	86.25	86.84	46	37.94
Accrued Expenses	37.34	68.67	45.61	89.77	84.98	76.16
Short-Term Debt	9.85	30.04	40.03	55.55	-	-
Current Portion of Leases	-	15.29	17.21	14.9	20.08	12.3
Current Income Taxes Payable	20.18	-	-	-	-	-
Current Unearned Revenue	55.56	57.27	62.57	38.45	22.58	50.53
Other Current Liabilities	39.9	33.46	10.41	9.06	11.1	8.71
Total Current Liabilities	271.98	303.86	262.08	294.56	184.74	185.64
Long-Term Leases	0.51	1.26	16.72	24.06	15.55	18.25
Long-Term Unearned Revenue	5.16	10.41	5.45	10.26	22.69	19.67
Other Long-Term Liabilities	-	-	17.57	24.15	15.66	13.71
Total Liabilities	277.65	315.54	301.82	353.03	238.64	237.27
Common Stock	121.14	121.14	120.84	120.84	120.84	90.63
Additional Paid-In Capital	2,306	2,306	2,297	2,298	2,278	943.39
Retained Earnings	-1,620	-1,564	-1,319	-975.76	-687.52	-416.17
Comprehensive Income & Other	-	-	-	-	-	0.31
Total Common Equity	806.51	862.51	1,099	1,443	1,711	618.16
Minority Interest	-	-	-4.29	-3.47	-2.54	-1.64
Shareholders' Equity	806.51	862.51	1,094	1,440	1,709	616.52
Total Liabilities & Equity	1,084	1,178	1,396	1,793	1,947	853.79
Total Debt	21.76	46.59	73.95	94.5	35.62	30.55
Net Cash (Debt)	287.85	409.31	611.12	985.34	1,509	514
Net Cash Growth	-42.79%	-33.02%	-37.98%	-34.69%	193.50%	-31.41%
Net Cash Per Share	2.38	3.39	5.05	8.17	15.79	5.67
Filing Date Shares Outstanding	121.74	121.14	120.84	120.84	120.84	90.63
Total Common Shares Outstanding	121.74	121.14	120.84	120.84	120.84	90.63
Working Capital	484.3	569.28	876.02	1,264	1,689	618.43
Book Value Per Share	6.63	7.12	9.09	11.94	14.16	6.82
Tangible Book Value	723.34	774.13	1,046	1,421	1,711	618.01
Tangible Book Value Per Share	5.94	6.39	8.66	11.76	14.16	6.82
Machinery	-	209.79	207.76	140.11	57.34	45.9
Construction In Progress	-	-	-	3.66	-	1.09

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