SHA:688053 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	356.76	401.82	222.52	308.3	167.52	48.9
Short-Term Investments	-	-	643	720	1,000	-
Cash & Short-Term Investments	356.76	401.82	865.52	1,028	1,168	48.9
Cash Growth	102.61%	-53.57%	-15.83%	-11.92%	2287.37%	37.38%
Accounts Receivable	237.53	223.72	216.95	266.08	274.88	195.78
Other Receivables	3.25	3.24	5.94	5.36	6.1	0.78
Receivables	240.78	226.96	222.89	271.44	280.99	196.56
Inventory	19.19	22.63	18.51	7.77	4.28	5.85
Other Current Assets	483.06	480.68	49.17	30.15	18.11	4.77
Total Current Assets	1,100	1,132	1,156	1,338	1,471	256.08
Property, Plant & Equipment	548.72	556.62	591.03	443.03	199.48	130.26
Long-Term Investments	3	3	-	-	-	-
Goodwill	2.52	2.52	2.52	2.52	2.52	2.52
Other Intangible Assets	32.83	33.68	10.88	12.25	5.88	6.56
Long-Term Deferred Tax Assets	26.48	25.98	22.63	13.12	5.18	1.99
Long-Term Deferred Charges	29.84	29.54	33.42	5.63	2.91	5.58
Other Long-Term Assets	2.57	1.17	5.45	26.53	47.48	5.87
Total Assets	1,746	1,785	1,822	1,841	1,734	408.87
Accounts Payable	57.2	76.31	84.53	32.03	18.6	16.36
Accrued Expenses	5.66	15.58	11.76	8.27	17.95	17.28
Short-Term Debt	-	-	-	-	4.99	37
Current Portion of Long-Term Debt	15.9	13.13	-	-	-	-
Current Portion of Leases	-	-	11.13	11.39	4.73	3.59
Current Income Taxes Payable	1.29	0.61	0.15	2.86	2.02	8.34
Current Unearned Revenue	0.12	-	0.28	-	-	-
Other Current Liabilities	0.93	1.47	1.81	1.33	3.58	0.83
Total Current Liabilities	81.1	107.11	109.65	55.88	51.87	83.4
Long-Term Debt	-	6.5	-	-	-	-
Long-Term Leases	30.77	31.82	45.38	41.6	6.04	5.36
Long-Term Unearned Revenue	-	-	0.29	0.31	-	-
Long-Term Deferred Tax Liabilities	12.25	12.91	15.93	16.7	8.61	2.28
Other Long-Term Liabilities	1.56	1.56	-	-	-	-
Total Liabilities	125.67	159.9	171.26	114.48	66.52	91.05
Common Stock	100	100	100	100	100	75
Additional Paid-In Capital	1,266	1,266	1,266	1,266	1,266	38.84
Retained Earnings	267.39	270.86	291.64	343.36	301.48	203.97
Treasury Stock	-49.99	-49.99	-49.99	-30	-	-
Total Common Equity	1,584	1,587	1,608	1,680	1,668	317.82
Minority Interest	36.33	37.47	42.76	46.57	-	-
Shareholders' Equity	1,620	1,625	1,651	1,726	1,668	317.82
Total Liabilities & Equity	1,746	1,785	1,822	1,841	1,734	408.87
Total Debt	46.67	51.46	56.51	52.99	15.76	45.96
Net Cash (Debt)	310.09	350.37	809.01	975.31	1,152	2.95
Net Cash Growth	171.37%	-56.69%	-17.05%	-15.32%	38960.35%	329.75%
Net Cash Per Share	3.29	3.54	8.09	9.79	13.48	0.04
Filing Date Shares Outstanding	86.79	151.7	98.58	99.07	100	75
Total Common Shares Outstanding	86.79	151.7	98.58	99.41	100	75
Working Capital	1,019	1,025	1,046	1,282	1,419	172.68
Book Value Per Share	18.25	10.46	16.31	16.90	16.68	4.24
Tangible Book Value	1,548	1,551	1,595	1,665	1,659	308.74
Tangible Book Value Per Share	17.84	10.22	16.18	16.75	16.59	4.12
Buildings	-	-	165.86	10.83	10.83	10.83
Machinery	-	-	493.3	358.53	222.75	147.37
Construction In Progress	-	-	1.65	110.77	11.36	1.21

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