SHA:688070 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	94.04	167.19	191.01	187.58	207.02	301.74
Trading Asset Securities	36.81	10.21	45.31	30.18	40.04	67.05
Cash & Short-Term Investments	130.85	177.41	236.32	217.76	247.06	368.78
Cash Growth	-39.09%	-24.93%	8.52%	-11.86%	-33.01%	123.35%
Accounts Receivable	253.95	309.68	171.97	122.4	122.91	111.28
Other Receivables	8.93	4.21	5.07	6.18	10.3	8.32
Receivables	262.88	313.88	177.04	128.58	133.2	119.6
Inventory	226.44	189.12	202.25	132.86	126.12	71.9
Other Current Assets	52.88	50.23	42.18	46.16	50.86	29.42
Total Current Assets	673.05	730.64	657.79	525.37	557.24	589.7
Property, Plant & Equipment	258.45	258.53	268.02	300.03	308.23	216.32
Long-Term Investments	21.86	17.5	11.79	13.65	7.73	4.85
Other Intangible Assets	63.98	67.68	82.28	25.13	19.69	14.85
Long-Term Deferred Tax Assets	24.11	22.57	25.97	29.29	29.99	19.94
Long-Term Deferred Charges	70.02	57.79	10.63	42.65	18.4	10.81
Other Long-Term Assets	26.42	12.42	0.97	4.59	9.72	9.15
Total Assets	1,138	1,167	1,057	940.71	951.01	865.62
Accounts Payable	123.9	149.49	149.97	58.73	85.8	49.13
Accrued Expenses	36.16	56.29	27.49	26.46	22.51	20.66
Short-Term Debt	27.02	27.02	86.72	102.08	49.81	7.01
Current Portion of Long-Term Debt	46.33	42.54	17.97	40.55	0.5	-
Current Portion of Leases	-	5.59	2.28	2.33	4.28	6.5
Current Income Taxes Payable	5.56	1.44	0.49	1.44	1.68	1.38
Current Unearned Revenue	99.63	75.19	106.04	43.51	24.35	16.71
Other Current Liabilities	28.31	30.28	40.36	21.38	56.05	43.93
Total Current Liabilities	366.91	387.83	431.32	296.48	244.98	145.32
Long-Term Debt	19.75	19	40	19	9.5	-
Long-Term Leases	7.9	7.67	2.4	1.96	6.05	8.48
Long-Term Unearned Revenue	16.12	14.46	12.65	12.68	15.18	12.05
Long-Term Deferred Tax Liabilities	1.2	1.82	0.75	0.66	1.29	0.01
Other Long-Term Liabilities	138.12	137.28	-	2.87	1.67	2.08
Total Liabilities	550.02	568.05	487.11	333.65	278.67	167.93
Common Stock	87.58	87.58	87.58	87.58	87.58	87.58
Additional Paid-In Capital	586.98	584.16	567.68	567.68	567.68	566.7
Retained Earnings	-93.2	-74.84	-85.52	-49.73	14.77	40.96
Comprehensive Income & Other	-2.45	-2.45	-	-	-	-
Total Common Equity	578.91	594.45	569.75	605.54	670.04	695.24
Minority Interest	8.96	4.64	0.57	1.52	2.3	2.44
Shareholders' Equity	587.87	599.09	570.32	607.06	672.34	697.69
Total Liabilities & Equity	1,138	1,167	1,057	940.71	951.01	865.62
Total Debt	101	101.82	149.36	165.93	70.14	21.99
Net Cash (Debt)	29.84	75.59	86.95	51.84	176.92	346.8
Net Cash Growth	-46.05%	-13.07%	67.75%	-70.70%	-48.98%	177.21%
Net Cash Per Share	0.34	0.85	1.00	0.59	2.04	4.08
Filing Date Shares Outstanding	87.44	87.58	87.58	87.58	87.58	87.58
Total Common Shares Outstanding	87.44	87.58	87.58	87.58	87.58	87.58
Working Capital	306.13	342.82	226.47	228.89	312.26	444.38
Book Value Per Share	6.62	6.79	6.51	6.91	7.65	7.94
Tangible Book Value	514.92	526.77	487.47	580.41	650.35	680.4
Tangible Book Value Per Share	5.89	6.01	5.57	6.63	7.43	7.77
Buildings	-	232.97	232.97	232.97	142.7	0.6
Machinery	-	118.81	114.97	125.43	105.32	78.52
Construction In Progress	-	-	0.05	0.05	90.85	148.6

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