SHA:688047 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	132.4	345.56	448.91	498.37	696.34	306.33
Trading Asset Securities	291.39	200.18	516.07	951.54	1,185	-
Cash & Short-Term Investments	423.79	545.74	964.98	1,450	1,881	306.33
Cash Growth	-47.10%	-43.45%	-33.45%	-22.93%	514.11%	-43.83%
Accounts Receivable	502.81	505.74	511.2	537.53	678.97	495.8
Other Receivables	9.95	10.72	15.53	68.47	27.06	17.62
Receivables	512.76	516.46	526.73	606	706.04	513.42
Inventory	852.45	850.24	899.72	968.22	745.64	437.44
Prepaid Expenses	-	-	-	0.01	1.87	4.72
Other Current Assets	268.86	295.3	209.76	243.31	306.77	102.79
Total Current Assets	2,058	2,208	2,601	3,267	3,642	1,365
Property, Plant & Equipment	322.44	312.3	312.14	333.46	350.57	347.91
Long-Term Investments	31.99	31.69	30.44	28.32	16.69	14.06
Other Intangible Assets	287.31	298.63	254.24	221.87	99.2	118.41
Long-Term Deferred Tax Assets	126.78	125.9	135.78	110.9	53.88	30.12
Long-Term Deferred Charges	160.16	161.19	156.29	138.66	191.12	109.26
Other Long-Term Assets	21.45	24.43	7.4	11.43	15.33	5.01
Total Assets	3,008	3,162	3,497	4,112	4,368	1,989
Accounts Payable	269.59	244.73	139.32	105.02	147.77	139.03
Accrued Expenses	40.16	63.54	179.78	184.27	157.56	158.01
Short-Term Debt	-	24.78	-	90.6	-	-
Current Portion of Long-Term Debt	8.29	8.22	-	-	-	-
Current Portion of Leases	-	-	4.71	8.45	8.98	6.84
Current Income Taxes Payable	2.85	3.85	0.13	1.12	0.87	10.56
Current Unearned Revenue	22.81	41.43	35.68	35.65	16.64	27.27
Other Current Liabilities	2.95	5.57	25.73	17.61	17.49	23.74
Total Current Liabilities	346.65	392.11	385.36	442.71	349.32	365.44
Long-Term Leases	18.7	20.52	1.79	2.97	11.52	13.01
Long-Term Unearned Revenue	242.23	240.55	171.72	100.12	100.54	203.58
Long-Term Deferred Tax Liabilities	1.8	2.11	2.22	17.36	16.44	15.17
Total Liabilities	609.38	655.29	561.09	563.16	477.82	597.2
Common Stock	401	401	401	401	401	360
Additional Paid-In Capital	3,178	3,172	3,143	3,119	3,095	692.31
Retained Earnings	-1,129	-1,015	-559.43	66.32	390.4	338.65
Treasury Stock	-45.08	-45.08	-45.08	-33.07	-	-
Comprehensive Income & Other	-6.69	-6.69	-2.96	-4.32	3.99	1.32
Total Common Equity	2,399	2,507	2,936	3,549	3,891	1,392
Shareholders' Equity	2,399	2,507	2,936	3,549	3,891	1,392
Total Liabilities & Equity	3,008	3,162	3,497	4,112	4,368	1,989
Total Debt	26.99	53.53	6.49	102.02	20.5	19.85
Net Cash (Debt)	396.8	492.21	958.49	1,348	1,861	286.48
Net Cash Growth	-50.13%	-48.65%	-28.89%	-27.56%	549.52%	-47.47%
Net Cash Per Share	0.99	1.23	2.39	3.35	5.03	0.80
Filing Date Shares Outstanding	407.04	391.43	400.47	400.61	401	360
Total Common Shares Outstanding	407.04	391.43	400.47	400.61	401	360
Working Capital	1,711	1,816	2,216	2,825	3,292	999.27
Book Value Per Share	5.89	6.40	7.33	8.86	9.70	3.87
Tangible Book Value	2,111	2,208	2,682	3,327	3,791	1,274
Tangible Book Value Per Share	5.19	5.64	6.70	8.30	9.45	3.54
Buildings	-	-	200.88	179.73	176.04	176.04
Machinery	-	-	335.45	315.16	280.12	237.14
Construction In Progress	-	-	3.93	7.29	5.91	1.88

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