SHA:688051 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	63.39	92.32	80.35	55.44	256.58	355.57
Trading Asset Securities	-	-	20	106.61	47.01	137.03
Cash & Short-Term Investments	63.39	92.32	100.35	162.05	303.59	492.59
Cash Growth	-20.87%	-7.99%	-38.08%	-46.62%	-38.37%	-36.43%
Accounts Receivable	339.27	347.28	385.52	408.69	430.81	493.85
Other Receivables	3.92	12.28	14.08	31.79	25.49	45.63
Receivables	343.18	359.57	399.61	440.49	456.3	539.48
Inventory	23.47	19.72	34.99	57.96	94.71	38.31
Prepaid Expenses	-	1.73	2.29	0.52	-	4.99
Other Current Assets	70.45	43.02	38.12	43.34	49.25	44.22
Total Current Assets	500.5	516.38	575.35	704.37	903.84	1,120
Property, Plant & Equipment	267.45	282.02	313.26	354.79	417.97	450.14
Long-Term Investments	6.45	6.45	5.18	0.28	0.33	1.06
Other Intangible Assets	45.79	46.84	43.87	67.38	99.2	82.8
Long-Term Accounts Receivable	-	18.8	26.3	35.69	17.1	43.05
Long-Term Deferred Tax Assets	20.55	20.55	25.39	28.54	33.38	41.13
Long-Term Deferred Charges	1.67	1.86	5.42	0.87	1.25	45.42
Other Long-Term Assets	52.06	26.32	31.55	-	8.64	75
Total Assets	894.48	919.21	1,026	1,192	1,482	1,858
Accounts Payable	138.18	95.63	116.12	116.83	178.3	252.29
Accrued Expenses	9.09	60.05	61.74	39.04	49.65	50.66
Short-Term Debt	62.09	63.41	70.5	119.57	98.06	100
Current Portion of Long-Term Debt	11.04	4.03	4.01	4	-	-
Current Portion of Leases	-	7.38	10.6	13.24	29.63	41.64
Current Income Taxes Payable	0.84	-	-	0	0.86	2.3
Current Unearned Revenue	14.76	13.85	11.79	34.75	49.88	21.17
Other Current Liabilities	17.64	21.37	20.99	18.85	18.01	7.79
Total Current Liabilities	253.64	265.72	295.74	346.27	424.39	475.85
Long-Term Debt	34	24	-	4.01	-	-
Long-Term Leases	-	-	1.03	2.34	-	11.71
Long-Term Unearned Revenue	36.32	36.72	16.49	21.78	27.8	44.49
Long-Term Deferred Tax Liabilities	0.21	0.21	0.32	0.51	0.23	-
Other Long-Term Liabilities	1.01	1.17	0.95	0.2	0.9	-
Total Liabilities	325.18	327.82	314.53	375.12	453.32	532.04
Common Stock	77.33	77.33	77.33	77.33	77.33	77.33
Additional Paid-In Capital	1,019	1,019	1,019	1,018	1,016	1,023
Retained Earnings	-517.21	-496.91	-376.15	-272.99	-64.7	222.97
Total Common Equity	578.8	599.1	719.86	822.14	1,028	1,323
Minority Interest	-9.5	-7.71	-8.07	-5.33	-0.1	3.15
Shareholders' Equity	569.3	591.39	711.79	816.81	1,028	1,326
Total Liabilities & Equity	894.48	919.21	1,026	1,192	1,482	1,858
Total Debt	107.13	98.82	86.14	143.16	127.7	153.35
Net Cash (Debt)	-43.74	-6.49	14.21	18.89	175.89	339.25
Net Cash Growth	-	-	-24.79%	-89.26%	-48.15%	-47.84%
Net Cash Per Share	-0.57	-0.08	0.18	0.24	2.27	4.38
Filing Date Shares Outstanding	78.06	77.33	77.33	77.33	77.33	77.33
Total Common Shares Outstanding	78.06	77.33	77.33	77.33	77.33	77.33
Working Capital	246.86	250.66	279.61	358.09	479.45	643.76
Book Value Per Share	7.41	7.75	9.31	10.63	13.30	17.11
Tangible Book Value	533.01	552.26	675.99	754.76	929.28	1,240
Tangible Book Value Per Share	6.83	7.14	8.74	9.76	12.02	16.04
Buildings	-	315.33	318.14	325.03	338.6	337.54
Machinery	-	189.31	215.89	238.47	234.99	254.54
Construction In Progress	-	-	0.99	2.69	13.5	6.48

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