SHA:688076 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	783.96	913.79	571.39	749.08	399.96	591.88
Trading Asset Securities	156.9	116	208	-	43.01	87.13
Cash & Short-Term Investments	940.86	1,030	779.39	749.08	442.98	679.01
Cash Growth	28.07%	32.13%	4.05%	69.10%	-34.76%	353.54%
Accounts Receivable	537.8	508.32	539.21	297.26	251.29	143.37
Other Receivables	7.72	7.6	7.92	3.27	1.19	1.05
Receivables	545.53	515.92	547.13	300.53	252.48	144.41
Inventory	899.34	859.52	584.04	377.17	323.48	250.82
Other Current Assets	101.51	107.16	94.97	67.98	33.53	29.86
Total Current Assets	2,487	2,512	2,006	1,495	1,052	1,104
Property, Plant & Equipment	3,039	2,992	1,892	1,405	988.47	706.55
Long-Term Investments	73.29	234.47	215.04	117.5	94.5	-
Goodwill	156.34	156.34	156.34	156.34	156.34	160.92
Other Intangible Assets	204.41	154.82	108.19	112.1	98.18	88.57
Long-Term Deferred Tax Assets	131.02	128.21	88.27	46.65	28.13	16.63
Long-Term Deferred Charges	310.22	347.59	203.2	41.03	38.77	15.66
Other Long-Term Assets	413.94	214.69	409.4	173.84	65.44	34.46
Total Assets	6,816	6,740	5,078	3,547	2,522	2,127
Accounts Payable	609.37	667.84	159.7	141.93	87.61	72.36
Accrued Expenses	78.52	96.39	149.12	86.14	48.49	43.99
Short-Term Debt	1,022	1,017	1,044	546.02	318.73	77.27
Current Portion of Long-Term Debt	-	291.4	117.89	40.08	-	-
Current Portion of Leases	-	-	9.79	5.29	1.47	3.64
Current Income Taxes Payable	-	12	19.35	11.47	5.37	-
Current Unearned Revenue	42.69	48.17	61.21	8.39	6.85	26.17
Other Current Liabilities	373.71	30.24	191.83	134.01	82.8	51.96
Total Current Liabilities	2,127	2,163	1,753	973.34	551.32	275.4
Long-Term Debt	1,322	1,322	445.21	286.49	-	-
Long-Term Leases	27.44	28.89	25.75	17.18	-	2.74
Long-Term Unearned Revenue	154.79	156.8	55.99	31.46	35.32	21.74
Long-Term Deferred Tax Liabilities	7.7	8.27	8.61	10.16	10.77	4.26
Other Long-Term Liabilities	48.32	59.18	107.43	39.31	-	14
Total Liabilities	3,686	3,739	2,396	1,358	597.41	318.14
Common Stock	316.05	316.05	219.78	213.18	213.18	213.18
Additional Paid-In Capital	1,755	1,755	1,598	1,341	1,319	1,318
Retained Earnings	1,049	919.08	792.51	495.37	374.95	277.82
Comprehensive Income & Other	-4.11	-4.36	50.11	120.23	3.33	2.2
Total Common Equity	3,116	2,986	2,660	2,170	1,910	1,811
Minority Interest	13.64	16.2	21.95	19.04	14.66	-2.61
Shareholders' Equity	3,129	3,002	2,682	2,189	1,925	1,809
Total Liabilities & Equity	6,816	6,740	5,078	3,547	2,522	2,127
Total Debt	2,371	2,660	1,642	895.07	320.19	83.65
Net Cash (Debt)	-1,430	-1,630	-863.06	-145.98	122.79	595.36
Net Cash Growth	-	-	-	-	-79.38%	-
Net Cash Per Share	-4.52	-5.20	-2.81	-0.49	0.41	2.21
Filing Date Shares Outstanding	315.76	316.05	307.69	298.46	298.46	298.46
Total Common Shares Outstanding	315.76	316.05	307.69	298.46	298.46	298.46
Working Capital	360.63	349.12	252.82	521.43	501.15	828.71
Book Value Per Share	9.87	9.45	8.65	7.27	6.40	6.07
Tangible Book Value	2,755	2,674	2,396	1,902	1,656	1,562
Tangible Book Value Per Share	8.73	8.46	7.79	6.37	5.55	5.23
Buildings	-	-	516.19	504.29	476.24	376.08
Machinery	-	-	1,603	1,123	652.13	529
Construction In Progress	-	-	339.92	185.96	180.11	34.85

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