SHA:688077 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	195.65	240.28	196.55	242.82	413.82	293.22
Short-Term Investments	-	-	64.35	40	-	-
Trading Asset Securities	80.74	37.82	91.93	40.84	141.06	142.28
Cash & Short-Term Investments	276.39	278.1	352.83	323.66	554.88	435.5
Cash Growth	-26.56%	-21.18%	9.01%	-41.67%	27.41%	-9.22%
Accounts Receivable	472.04	550.21	471.88	465.91	670.29	618.05
Other Receivables	2	1.55	1.69	1.77	2.87	3.08
Receivables	474.05	551.77	473.57	467.68	673.17	621.13
Inventory	676.73	585.32	476.6	357.11	586.69	484.25
Prepaid Expenses	-	4.29	0.27	0.05	1.45	0.05
Other Current Assets	45.38	35.74	49.65	17.14	11.45	19.91
Total Current Assets	1,473	1,455	1,353	1,166	1,828	1,561
Property, Plant & Equipment	884.52	878.51	887.53	886.93	708.33	477.87
Long-Term Investments	112.51	110.46	103.49	99.57	137.72	85.96
Goodwill	5.32	5.48	5.63	7.35	2.92	2.92
Other Intangible Assets	87.86	88.36	90.04	91.7	92.58	40.91
Long-Term Deferred Tax Assets	67.47	67.87	57.44	40.33	20.73	17.85
Long-Term Deferred Charges	2.53	2.61	0.48	0.73	0.69	1.28
Other Long-Term Assets	66.05	60.22	38.07	14.43	26.4	30.8
Total Assets	2,699	2,669	2,536	2,307	2,817	2,218
Accounts Payable	380.52	222.26	179.51	128.93	449.99	562
Accrued Expenses	19.89	66.37	64.87	61.73	63.97	58.6
Short-Term Debt	639.76	644.45	593.19	516.63	745.08	328.22
Current Portion of Long-Term Debt	37.89	35.91	26.16	45.39	36.81	13.68
Current Portion of Leases	-	4	4.26	4.31	3.23	0.03
Current Income Taxes Payable	6.06	0.41	9.01	0.15	1.54	4.92
Current Unearned Revenue	1.88	13.5	2.38	1.28	4.15	3.92
Other Current Liabilities	62.05	113.54	131.71	147.23	41.64	34.53
Total Current Liabilities	1,148	1,100	1,011	905.64	1,346	1,006
Long-Term Debt	169.69	196.92	232.82	149.57	146.3	54.4
Long-Term Leases	1.42	1.8	5.83	9.88	9.39	-
Long-Term Unearned Revenue	244.56	246.61	198.26	117.68	97.94	66.84
Long-Term Deferred Tax Liabilities	-	-	-	-	-	4.39
Total Liabilities	1,564	1,546	1,448	1,183	1,600	1,132
Common Stock	114.48	114.48	114.48	113.12	80.78	80
Additional Paid-In Capital	528.42	528.42	527.86	509.87	534.47	502.46
Retained Earnings	531.17	519.53	484.2	472.31	563.58	466.64
Treasury Stock	-62.53	-62.53	-62.21	-	-	-
Comprehensive Income & Other	-0.92	-0.29	-0.77	0.23	0.05	-0.07
Total Common Equity	1,111	1,100	1,064	1,096	1,179	1,049
Minority Interest	24.49	23.36	24.06	28.37	38.12	37.86
Shareholders' Equity	1,135	1,123	1,088	1,124	1,217	1,087
Total Liabilities & Equity	2,699	2,669	2,536	2,307	2,817	2,218
Total Debt	848.76	883.09	862.26	725.77	940.8	396.33
Net Cash (Debt)	-572.36	-604.99	-509.43	-402.11	-385.92	39.17
Net Cash Growth	-	-	-	-	-	-91.19%
Net Cash Per Share	-4.95	-5.27	-4.48	-3.57	-3.40	0.35
Filing Date Shares Outstanding	110.41	110.41	110.41	113.12	113.09	112
Total Common Shares Outstanding	110.41	110.41	110.43	113.12	113.09	112
Working Capital	324.5	354.78	341.85	260	481.25	554.93
Book Value Per Share	10.06	9.96	9.63	9.68	10.42	9.37
Tangible Book Value	1,017	1,006	967.89	996.48	1,083	1,005
Tangible Book Value Per Share	9.21	9.11	8.76	8.81	9.58	8.98
Buildings	-	541.57	531.74	411.16	199.62	190.78
Machinery	-	703.94	652.61	571.6	424.7	378.15
Construction In Progress	-	39.73	31.27	164.1	283.33	92.64

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