SHA:688041 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	7,852	8,874	8,797	10,321	11,208	1,960
Short-Term Investments	-	1,815	-	-	-	-
Cash & Short-Term Investments	7,852	10,689	8,797	10,321	11,208	1,960
Cash Growth	-24.27%	21.50%	-14.77%	-7.91%	471.81%	-9.59%
Accounts Receivable	3,833	4,235	2,275	1,524	1,243	340.36
Other Receivables	115.75	33.16	26.77	17.39	10.78	10.38
Receivables	3,948	4,268	2,302	1,541	1,254	350.74
Inventory	7,333	6,406	5,425	1,074	1,095	1,124
Prepaid Expenses	-	-	-	-	0.32	0.32
Other Current Assets	5,522	3,711	1,682	2,496	1,391	435.39
Total Current Assets	24,656	25,074	18,207	15,432	14,949	3,871
Property, Plant & Equipment	964.9	888.77	638.55	400.11	341.95	156.04
Long-Term Investments	31.59	5,540	4,416	1,285	-	211.81
Other Intangible Assets	2,828	3,090	4,123	4,443	4,246	3,818
Long-Term Deferred Tax Assets	126.2	124.35	49.7	14.64	11.93	6.37
Long-Term Deferred Charges	474.64	408.75	370.99	516.9	547.28	984.3
Other Long-Term Assets	6,104	512.91	753.9	810.68	1,839	1,410
Total Assets	35,185	35,638	28,559	22,903	21,934	10,457
Accounts Payable	1,224	1,115	735.37	321.78	342.45	292.05
Accrued Expenses	482.79	962.07	783.28	647.79	412.57	328.55
Short-Term Debt	2,950	3,450	1,800	350	200	150
Current Portion of Long-Term Debt	534.25	399.38	100.62	21.21	361.73	88.57
Current Portion of Leases	-	35.16	21.46	23.66	24.93	16.61
Current Income Taxes Payable	162.13	25.63	11.22	-	-	-
Current Unearned Revenue	1,510	2,019	903.47	2.85	-	172.34
Other Current Liabilities	59.41	308.7	32.8	27.26	28.33	513.96
Total Current Liabilities	6,923	8,314	4,388	1,395	1,370	1,562
Long-Term Debt	200	500	898.9	858.9	479.8	540.8
Long-Term Leases	82.99	80.44	81.14	30.97	46.57	31.58
Long-Term Unearned Revenue	815.13	775.03	515.19	278.08	150.52	177.76
Long-Term Deferred Tax Liabilities	0.26	0.24	-	-	3.01	1.77
Other Long-Term Liabilities	-	-	24.08	19.93	1,654	1,882
Total Liabilities	8,022	9,670	5,908	2,582	3,704	4,196
Common Stock	2,324	2,324	2,324	2,324	2,324	2,024
Additional Paid-In Capital	15,131	14,814	14,524	14,351	13,839	3,295
Retained Earnings	6,364	5,677	3,735	2,060	889.58	85.91
Treasury Stock	-332.39	-332.39	-332.39	-30.01	-	-
Comprehensive Income & Other	10.43	10.43	-	-	-	-
Total Common Equity	23,497	22,493	20,251	18,705	17,053	5,406
Minority Interest	3,665	3,475	2,401	1,615	1,177	855.79
Shareholders' Equity	27,163	25,968	22,652	20,320	18,230	6,261
Total Liabilities & Equity	35,185	35,638	28,559	22,903	21,934	10,457
Total Debt	3,767	4,465	2,902	1,285	1,113	827.56
Net Cash (Debt)	4,085	6,224	5,895	9,037	10,095	1,133
Net Cash Growth	-47.34%	5.57%	-34.76%	-10.48%	791.36%	-12.58%
Net Cash Per Share	1.77	2.69	2.53	3.86	4.77	0.55
Filing Date Shares Outstanding	2,320	2,320	2,320	2,324	2,324	2,024
Total Common Shares Outstanding	2,320	2,320	2,320	2,324	2,324	2,024
Working Capital	17,732	16,760	13,819	14,038	13,579	2,309
Book Value Per Share	10.13	9.70	8.73	8.05	7.34	2.67
Tangible Book Value	20,670	19,403	16,128	14,262	12,807	1,588
Tangible Book Value Per Share	8.91	8.36	6.95	6.14	5.51	0.78
Buildings	-	19.47	19.47	19.47	19.47	19.47
Machinery	-	1,197	801.82	527	380.76	173.58

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