SHA:688038 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	30.47	74.55	75.91	89.1	114.39	134.17
Trading Asset Securities	12.53	9.88	23.52	94.34	74.02	120.8
Cash & Short-Term Investments	42.99	84.43	99.42	183.44	188.41	254.97
Cash Growth	-69.46%	-15.08%	-45.80%	-2.64%	-26.11%	57.70%
Accounts Receivable	710.93	738.09	699.24	532.1	553.9	424.64
Other Receivables	5.54	4.86	114.35	121.4	106.89	92.23
Receivables	716.47	742.95	813.59	653.5	660.78	516.87
Inventory	21.89	14.7	20.92	24.12	27.19	27.99
Other Current Assets	121.39	124.61	22.26	33.6	31.38	38.57
Total Current Assets	902.74	966.69	956.19	894.67	907.77	838.4
Property, Plant & Equipment	13.24	14.34	19.17	15.27	16.44	10.97
Long-Term Investments	0.01	-	0.01	0.03	0.86	-
Other Intangible Assets	1.52	1.58	1.75	2.08	2.67	1.43
Long-Term Accounts Receivable	-	-	16.85	128.7	128.4	185.13
Long-Term Deferred Tax Assets	44.03	42.63	38.21	31.94	11.48	5.46
Long-Term Deferred Charges	2.44	2.77	4.89	6.9	2.72	2.18
Other Long-Term Assets	109.29	108.11	166.29	184.88	241.16	157.81
Total Assets	1,073	1,136	1,203	1,264	1,311	1,201
Accounts Payable	236.17	250.85	256.82	188.79	231.6	200.42
Accrued Expenses	16.64	22.62	41.67	29.46	27.3	31.19
Short-Term Debt	125.62	152.52	145.52	131.16	120.14	126.21
Current Portion of Long-Term Debt	24.48	24.52	110.6	148.15	17.5	15.11
Current Portion of Leases	-	-	2.02	1.82	3.15	1.32
Current Income Taxes Payable	11.58	19.7	1.96	1.97	2.13	4.54
Current Unearned Revenue	30.53	28	19.76	25.59	25.74	25.73
Other Current Liabilities	9.94	16.32	3.31	5.96	9.88	2.6
Total Current Liabilities	454.97	514.53	581.64	532.9	437.44	407.12
Long-Term Debt	23.1	23.9	20	110.45	147.55	51.48
Long-Term Leases	2.12	2.15	2.51	3.13	4.76	1.68
Long-Term Unearned Revenue	0.71	0.84	0.62	-	0.51	0.69
Long-Term Deferred Tax Liabilities	-	-	0.03	0.34	0.21	0.06
Total Liabilities	480.9	541.43	604.81	646.82	590.46	461.02
Common Stock	116.37	116.37	116.37	116.37	116.37	116.37
Additional Paid-In Capital	389.48	389.48	391.44	391.44	391.44	390.68
Retained Earnings	86.53	88.85	92.61	110.71	213.22	233.3
Total Common Equity	592.38	594.7	600.42	618.53	721.03	740.36
Minority Interest	-	-	-1.85	-0.87	-	-
Shareholders' Equity	592.38	594.7	598.57	617.66	721.03	740.36
Total Liabilities & Equity	1,073	1,136	1,203	1,264	1,311	1,201
Total Debt	175.32	203.09	280.65	394.7	293.1	195.8
Net Cash (Debt)	-132.33	-118.66	-181.22	-211.26	-104.69	59.16
Net Cash Growth	-	-	-	-	-	107.24%
Net Cash Per Share	-1.05	-0.95	-1.60	-1.81	-0.87	0.60
Filing Date Shares Outstanding	115.83	116.37	116.37	116.37	116.37	116.37
Total Common Shares Outstanding	115.83	116.37	116.37	116.37	116.37	116.37
Working Capital	447.77	452.16	374.55	361.77	470.33	431.28
Book Value Per Share	5.11	5.11	5.16	5.32	6.20	6.36
Tangible Book Value	590.86	593.11	598.67	616.44	718.37	738.93
Tangible Book Value Per Share	5.10	5.10	5.14	5.30	6.17	6.35
Buildings	-	-	15.41	8	8	8
Machinery	-	-	18.22	18.95	17.23	15.15

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