SHA:688048 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	114.12	153.09	591.6	767.02	807.62	56.92
Trading Asset Securities	374	559	675	732	1,454	-
Cash & Short-Term Investments	488.12	712.09	1,267	1,499	2,262	56.92
Cash Growth	-63.35%	-43.78%	-15.50%	-33.72%	3873.54%	-48.69%
Accounts Receivable	268.61	211.15	156.99	225.54	277.19	222
Other Receivables	11.95	1.64	0.91	13.92	1.16	0.76
Receivables	280.56	212.79	157.9	239.45	278.34	222.76
Inventory	228.74	179.84	168.94	199.8	241.15	163.46
Prepaid Expenses	-	-	-	-	-	0.58
Other Current Assets	190.33	208.24	39.69	23.55	30.37	26.35
Total Current Assets	1,188	1,313	1,633	1,962	2,811	470.08
Property, Plant & Equipment	904.75	924.05	962.34	826.59	389.14	270.4
Long-Term Investments	1,052	929.31	519	406.12	87.67	87.63
Other Intangible Assets	13.7	14.73	15.12	17.38	12.4	14.75
Long-Term Deferred Tax Assets	90.48	88.55	78.3	44.39	17.8	12.66
Long-Term Deferred Charges	88.18	90.55	92.29	98.66	107.42	77.67
Other Long-Term Assets	0.72	0.06	1.89	60.9	70.1	50.16
Total Assets	3,337	3,360	3,302	3,416	3,496	983.35
Accounts Payable	188.31	196.86	182.31	144.52	140.81	179.79
Accrued Expenses	11.14	20.37	10.78	12.79	9.86	11.23
Short-Term Debt	40.12	40.06	31.07	63.69	-	46.53
Current Portion of Leases	-	-	-	-	4.4	-
Current Income Taxes Payable	3.24	0.61	0.26	0	0.7	-
Current Unearned Revenue	5.35	3.74	8.33	1.57	1.42	14.52
Other Current Liabilities	21.61	32.76	27.46	27.89	38.49	26.37
Total Current Liabilities	269.77	294.39	260.22	250.47	195.67	278.44
Long-Term Leases	-	-	-	-	-	22.13
Long-Term Unearned Revenue	41.61	45.48	47.18	53.69	61.37	41.34
Long-Term Deferred Tax Liabilities	0.13	0.07	-	-	-	-
Other Long-Term Liabilities	6.69	5	2.33	2.12	2.52	4.1
Total Liabilities	318.2	344.94	309.73	306.28	259.56	346.01
Common Stock	176.28	176.28	176.28	176.28	135.6	101.7
Additional Paid-In Capital	2,904	2,904	2,903	2,887	2,879	365.55
Retained Earnings	-31.97	-36.45	-58.21	41.52	221.61	170.15
Treasury Stock	-34.66	-34.66	-34.66	-	-	-
Comprehensive Income & Other	-0.06	-0.06	-0.06	-0.06	-0.06	-0.06
Total Common Equity	3,014	3,009	2,986	3,105	3,236	637.34
Minority Interest	5.41	6.34	6.41	4.9	-	-
Shareholders' Equity	3,019	3,015	2,992	3,110	3,236	637.34
Total Liabilities & Equity	3,337	3,360	3,302	3,416	3,496	983.35
Total Debt	40.12	40.06	31.07	63.69	4.4	68.66
Net Cash (Debt)	448	672.04	1,236	1,435	2,257	-11.74
Net Cash Growth	-65.32%	-45.61%	-13.92%	-36.41%	-	-
Net Cash Per Share	2.56	3.84	7.03	8.14	13.66	-0.09
Filing Date Shares Outstanding	175.28	175.28	176.28	176.28	176.28	132.21
Total Common Shares Outstanding	175.28	175.28	176.28	176.28	176.28	132.21
Working Capital	917.98	1,019	1,373	1,711	2,616	191.64
Book Value Per Share	17.19	17.17	16.94	17.61	18.36	4.82
Tangible Book Value	3,000	2,994	2,971	3,087	3,224	622.59
Tangible Book Value Per Share	17.12	17.08	16.85	17.51	18.29	4.71
Buildings	-	491.47	335.25	335.25	26.12	-
Machinery	-	622.68	592.89	477.63	316.55	166.37
Construction In Progress	-	52.75	202.07	115.59	101.48	120.25

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