SHA:688039 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	98.6	242.33	128.59	288.15	420.71	877.74
Trading Asset Securities	75.18	20.18	45.09	-	-	25.05
Cash & Short-Term Investments	173.78	262.51	173.68	288.15	420.71	902.78
Cash Growth	5.25%	51.15%	-39.73%	-31.51%	-53.40%	-17.57%
Accounts Receivable	331.93	306.48	348.53	386.84	363.39	483.93
Other Receivables	11.85	16.53	16.82	17.96	17.12	9.29
Receivables	343.78	323.01	365.35	404.8	380.51	493.22
Inventory	56.93	68.43	33.68	40.78	54.8	60.89
Other Current Assets	32.15	24.31	31.17	49.3	57.54	24.54
Total Current Assets	606.65	678.26	603.88	783.02	913.55	1,481
Property, Plant & Equipment	369.45	374.9	460.1	433.39	347.04	117.69
Long-Term Investments	288.03	290.68	283.2	278.45	274.13	116.17
Goodwill	-	-	-	-	1.88	14.66
Other Intangible Assets	20.47	22.8	36.78	48.93	55.92	48.05
Long-Term Accounts Receivable	-	-	-	-	-	6.16
Long-Term Deferred Tax Assets	84.46	80.73	68.42	48.01	26.88	10.7
Long-Term Deferred Charges	3.1	3.67	6.51	5.69	6.28	-
Other Long-Term Assets	60.04	60.43	-	-	-	1.97
Total Assets	1,432	1,511	1,459	1,597	1,626	1,797
Accounts Payable	139.09	169.95	106.79	103.74	120.02	178.6
Accrued Expenses	0.56	12.13	7.67	15.81	13.87	29.77
Short-Term Debt	165.14	152.63	94.76	159.8	49.1	15.78
Current Portion of Long-Term Debt	12.75	-	-	-	26.52	-
Current Portion of Leases	-	12.61	7.01	5.14	3	1.78
Current Income Taxes Payable	0.75	0	0	0	0	5.8
Current Unearned Revenue	7.63	12.49	3.43	2.01	4.35	1.75
Other Current Liabilities	11.77	36.41	38.33	42.98	27.91	20.52
Total Current Liabilities	337.69	396.23	257.99	329.48	244.76	253.99
Long-Term Debt	-	-	-	-	-	6.24
Long-Term Leases	61.52	63.14	42.68	11.45	3.42	2.88
Long-Term Unearned Revenue	1.53	1.53	-	-	1.84	-
Long-Term Deferred Tax Liabilities	0	0	0	0.2	2.42	1.62
Total Liabilities	400.74	460.9	300.67	341.13	252.44	264.72
Common Stock	110.6	110.6	111.92	111.92	80.32	80.32
Additional Paid-In Capital	1,080	1,080	1,150	1,150	1,160	1,155
Retained Earnings	-185.96	-170.75	-79.44	22.76	160.95	279.68
Treasury Stock	-	-	-49.96	-49.96	-49.96	-
Comprehensive Income & Other	33.58	35.31	23	13.68	13.06	16.95
Total Common Equity	1,038	1,055	1,155	1,248	1,364	1,532
Minority Interest	-6.6	-4.44	2.85	7.88	8.8	-
Shareholders' Equity	1,031	1,051	1,158	1,256	1,373	1,532
Total Liabilities & Equity	1,432	1,511	1,459	1,597	1,626	1,797
Total Debt	239.42	228.38	144.45	176.39	82.04	26.67
Net Cash (Debt)	-65.64	34.13	29.23	111.76	338.67	876.12
Net Cash Growth	-	16.77%	-73.84%	-67.00%	-61.34%	-20.00%
Net Cash Per Share	-0.60	0.31	0.26	1.01	3.02	7.85
Filing Date Shares Outstanding	108.67	110.6	110.6	110.6	110.6	112.44
Total Common Shares Outstanding	108.67	110.6	110.6	110.6	110.6	112.44
Working Capital	268.96	282.03	345.89	453.54	668.79	1,227
Book Value Per Share	9.55	9.54	10.45	11.29	12.34	13.63
Tangible Book Value	1,018	1,032	1,119	1,200	1,307	1,469
Tangible Book Value Per Share	9.36	9.33	10.11	10.85	11.81	13.07
Buildings	-	238.64	361.6	360.65	-	-
Machinery	-	119.64	100.89	85.36	60.21	25.43
Construction In Progress	-	7.64	0.19	4.06	295.22	95.97

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