SHA:688081 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	89.35	116.08	115.73	106.48	142.07	239.09
Trading Asset Securities	-	-	-	10.09	-	-
Cash & Short-Term Investments	89.35	116.08	115.73	116.57	142.07	239.09
Cash Growth	24.61%	0.30%	-0.72%	-17.95%	-40.58%	-37.20%
Accounts Receivable	236.45	209.16	228	230.92	270.14	262.89
Other Receivables	2.92	3.57	1.68	3.55	2.1	3.2
Receivables	239.37	212.74	229.68	234.47	272.23	266.09
Inventory	42.49	50.09	65.39	76.43	43.41	55.72
Prepaid Expenses	-	-	0	0.07	-	-
Other Current Assets	12.36	12.04	10.22	15.45	19.63	15.55
Total Current Assets	383.56	390.95	421.02	442.99	477.34	576.44
Property, Plant & Equipment	96.46	96.86	101.98	113.54	128.44	115.46
Long-Term Investments	6.69	2.85	5.08	7	10	10
Other Intangible Assets	7.58	9.12	17.9	12.84	24.01	21.43
Long-Term Deferred Tax Assets	49.85	49.83	49.4	43.51	30.7	15.68
Long-Term Deferred Charges	-	-	0.03	10.6	5.36	6.58
Other Long-Term Assets	1.59	1.68	-	-	-	8.19
Total Assets	545.73	551.28	595.42	630.47	675.85	753.78
Accounts Payable	61.94	66.09	68.11	61.58	59.35	57.37
Accrued Expenses	6.32	8.06	14.4	9.09	12.88	15.04
Short-Term Debt	75.06	75.05	71	20.02	-	-
Current Portion of Long-Term Debt	0.86	0.85	-	-	-	-
Current Portion of Leases	-	-	0.86	2	2.69	1.4
Current Income Taxes Payable	4.99	4.78	-	-	-	-
Current Unearned Revenue	2.31	1.99	6.4	11.11	2.99	7.47
Other Current Liabilities	0.6	2.98	0.61	0.81	0.46	0.47
Total Current Liabilities	152.07	159.8	161.38	104.6	78.37	81.75
Long-Term Leases	1.23	1.21	0.49	1.43	2.13	0.35
Long-Term Unearned Revenue	-	-	-	-	-	0.11
Total Liabilities	153.3	161.02	161.87	106.04	80.51	82.21
Common Stock	103.04	103.04	103.04	103.04	73.6	73.6
Additional Paid-In Capital	490.68	486.86	471.59	471.26	501.68	498
Retained Earnings	-199.34	-196.32	-128.66	-48	19.94	99.04
Treasury Stock	-	-1.62	-10.03	-	-	-
Total Common Equity	394.37	391.96	435.94	526.3	595.21	670.65
Minority Interest	-1.94	-1.69	-2.4	-1.86	0.13	0.93
Shareholders' Equity	392.43	390.27	433.54	524.44	595.34	671.57
Total Liabilities & Equity	545.73	551.28	595.42	630.47	675.85	753.78
Total Debt	77.14	77.11	72.35	23.46	4.82	1.75
Net Cash (Debt)	12.2	38.96	43.38	93.11	137.25	237.34
Net Cash Growth	-39.87%	-10.17%	-53.41%	-32.16%	-42.17%	-37.66%
Net Cash Per Share	0.12	0.38	0.42	0.90	1.34	2.30
Filing Date Shares Outstanding	100.94	104.97	102.17	102.17	103.04	103.04
Total Common Shares Outstanding	100.94	104.97	102.17	103.04	103.04	103.04
Working Capital	231.49	231.14	259.63	338.39	398.96	494.69
Book Value Per Share	3.91	3.73	4.27	5.11	5.78	6.51
Tangible Book Value	386.79	382.84	418.04	513.45	571.21	649.21
Tangible Book Value Per Share	3.83	3.65	4.09	4.98	5.54	6.30
Buildings	-	-	112.34	112.34	112.34	9.13
Machinery	-	-	35.99	36.61	38.96	25.07
Construction In Progress	-	-	-	-	-	93.89

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