SHA:688033 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	126.25	209.65	266.76	1,185	2,075	627.97
Cash & Short-Term Investments	126.25	209.65	266.76	1,185	2,075	627.97
Cash Growth	-43.27%	-21.41%	-77.48%	-42.90%	230.38%	-46.31%
Accounts Receivable	579.83	594.28	849.45	1,416	1,160	661.39
Other Receivables	45.2	52.67	62.12	62.12	23.52	9.33
Receivables	625.02	646.95	911.57	1,478	1,184	670.72
Inventory	182.08	182.11	410.52	976.15	294.04	174.79
Other Current Assets	298.24	294.12	413.29	492.82	165.61	103.56
Total Current Assets	1,232	1,333	2,002	4,132	3,718	1,577
Property, Plant & Equipment	2,213	2,262	3,571	3,876	2,332	1,267
Long-Term Investments	20.4	20.4	54.57	76.66	89.74	78.42
Goodwill	83.04	83.04	305.17	328.69	353.83	126.62
Other Intangible Assets	137.3	139.76	157.5	167.03	176.68	160.53
Long-Term Deferred Tax Assets	15.64	11.13	247.88	76.34	51.96	3.79
Long-Term Deferred Charges	19.93	21.4	25.48	17.66	7.03	3.66
Other Long-Term Assets	62.48	55.94	94.04	50.36	134.92	117.06
Total Assets	3,784	3,926	6,460	8,726	6,866	3,337
Accounts Payable	754.15	770.51	797.04	1,096	346.72	66.59
Accrued Expenses	31.5	37.56	31.3	36.68	64.69	52.12
Short-Term Debt	693.75	692.61	826.29	999.68	297.98	53.87
Current Portion of Long-Term Debt	270.05	280.31	581.11	261.18	-	-
Current Portion of Leases	-	-	10.38	8.34	6.58	4.15
Current Income Taxes Payable	2.82	0.4	0.09	1.4	45.75	15.58
Current Unearned Revenue	3.29	4.36	4.06	90.84	1.83	2.3
Other Current Liabilities	407.86	413.03	193.01	83.13	199.05	137.69
Total Current Liabilities	2,163	2,199	2,443	2,577	962.6	332.29
Long-Term Debt	58.62	90.01	167.61	705.83	590.09	190
Long-Term Leases	50.36	45.7	43.78	47.83	43.65	50.41
Long-Term Unearned Revenue	107.64	104.82	61.34	53.09	50.87	57.66
Long-Term Deferred Tax Liabilities	14.98	11.27	16.75	21.24	17.75	3.23
Other Long-Term Liabilities	15.66	15.57	-	-	28.6	59.1
Total Liabilities	2,411	2,466	2,733	3,405	1,694	692.69
Common Stock	562.2	562.2	562.2	562.2	561.37	448.74
Additional Paid-In Capital	3,456	3,456	3,461	3,503	3,492	1,272
Retained Earnings	-2,682	-2,597	-361.99	1,147	1,026	864.51
Treasury Stock	-10	-10	-10	-10	-	-
Comprehensive Income & Other	0.08	0.08	17.14	22.66	33.78	1.02
Total Common Equity	1,326	1,411	3,668	5,225	5,113	2,587
Minority Interest	46.83	48.83	59.03	96.33	59.8	57.43
Shareholders' Equity	1,373	1,460	3,727	5,321	5,172	2,644
Total Liabilities & Equity	3,784	3,926	6,460	8,726	6,866	3,337
Total Debt	1,073	1,109	1,629	2,023	938.3	298.43
Net Cash (Debt)	-946.54	-898.98	-1,362	-838.29	1,136	329.54
Net Cash Growth	-	-	-	-	244.83%	-71.08%
Net Cash Per Share	-1.67	-1.59	-2.41	-1.46	2.37	0.73
Filing Date Shares Outstanding	567.77	570.89	561.61	561.61	561.37	448.74
Total Common Shares Outstanding	567.77	570.89	561.61	561.61	561.37	448.74
Working Capital	-931.84	-865.95	-441.15	1,555	2,755	1,245
Book Value Per Share	2.34	2.47	6.53	9.30	9.11	5.76
Tangible Book Value	1,106	1,189	3,205	4,729	4,582	2,300
Tangible Book Value Per Share	1.95	2.08	5.71	8.42	8.16	5.12
Buildings	-	-	1,792	1,747	826.76	506.68
Machinery	-	-	1,934	1,602	1,051	478.35
Construction In Progress	-	-	363	790.7	569.42	314.56

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