SHA:688084 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	684.11	868.8	680.61	1,241	1,377	195.08
Trading Asset Securities	291	140	385.26	21.2	21.84	298.98
Cash & Short-Term Investments	975.11	1,009	1,066	1,262	1,399	494.06
Cash Growth	-8.89%	-5.36%	-15.53%	-9.80%	183.15%	99.70%
Accounts Receivable	185.8	173.9	175.58	239.31	227.44	317.15
Other Receivables	1.43	1.5	5.15	5.03	6.46	6.11
Receivables	187.23	175.4	180.73	244.34	233.9	323.25
Inventory	127.72	143.92	153.32	148.33	145.92	157.14
Other Current Assets	13.81	14.1	27.98	19.52	13.6	12.02
Total Current Assets	1,304	1,342	1,428	1,674	1,792	986.48
Property, Plant & Equipment	321.43	325.63	256.04	232.34	180.32	86.96
Long-Term Investments	47.94	43.33	28.66	10.5	3	4.91
Goodwill	3.79	3.79	3.79	-	-	-
Other Intangible Assets	11.16	10.94	10.81	10.9	10.97	11.1
Long-Term Accounts Receivable	-	-	0.41	0.6	0.63	0.33
Long-Term Deferred Tax Assets	33.15	33.11	24.11	6.68	5.78	5.18
Long-Term Deferred Charges	8.59	8.38	7.57	0.4	0.09	0.26
Other Long-Term Assets	36.36	36.95	5.38	-	-	14.4
Total Assets	1,766	1,804	1,765	1,935	1,993	1,110
Accounts Payable	186.14	208.64	176.97	177.27	219.9	327.08
Accrued Expenses	6.26	12.05	9.92	14.18	16.74	33.28
Short-Term Debt	1.5	0.15	-	-	-	-
Current Portion of Long-Term Debt	2.61	2.27	-	-	-	5.09
Current Portion of Leases	-	-	1.83	1.13	2.23	4.88
Current Income Taxes Payable	3.68	1.8	0.03	2.99	5.99	5.25
Current Unearned Revenue	17.54	19.61	6.54	40.25	41.95	91.27
Other Current Liabilities	1.22	2.18	1.27	0.85	12.29	4.81
Total Current Liabilities	218.95	246.71	196.56	236.66	299.09	471.65
Long-Term Debt	-	-	-	-	-	55
Long-Term Leases	8.24	8.32	9.14	0.36	1.42	5.38
Long-Term Unearned Revenue	8.8	9.11	6.1	4.34	4.42	-
Long-Term Deferred Tax Liabilities	1.35	1.28	1.52	0.42	0.42	0.05
Other Long-Term Liabilities	0.59	0.73	0.43	-	-	-
Total Liabilities	237.92	266.16	213.76	241.79	305.35	532.09
Common Stock	75.66	75.66	75.66	75.66	75.66	56.66
Additional Paid-In Capital	1,519	1,519	1,522	1,522	1,522	473.42
Retained Earnings	11.41	13.51	32.42	104.58	96.59	51.34
Treasury Stock	-75.15	-69.47	-66.67	-	-	-
Comprehensive Income & Other	2.48	2.23	-0.93	1.61	-	-0.08
Total Common Equity	1,533	1,541	1,563	1,704	1,694	581.33
Minority Interest	-5.05	-2.75	-11.62	-9.84	-6.13	-3.8
Shareholders' Equity	1,528	1,538	1,551	1,694	1,688	577.53
Total Liabilities & Equity	1,766	1,804	1,765	1,935	1,993	1,110
Total Debt	12.35	10.75	10.97	1.48	3.65	70.35
Net Cash (Debt)	962.76	998.06	1,055	1,260	1,395	423.71
Net Cash Growth	-9.16%	-5.39%	-16.30%	-9.67%	229.30%	71.44%
Net Cash Per Share	13.27	13.68	14.02	16.47	24.63	7.63
Filing Date Shares Outstanding	69.98	58.69	74.14	75.28	75.66	56.66
Total Common Shares Outstanding	69.98	58.69	74.14	75.66	75.66	56.66
Working Capital	1,085	1,096	1,231	1,437	1,493	514.83
Book Value Per Share	21.91	26.25	21.08	22.52	22.39	10.26
Tangible Book Value	1,518	1,526	1,548	1,693	1,683	570.23
Tangible Book Value Per Share	21.70	26.00	20.88	22.37	22.24	10.06
Buildings	-	-	239.08	186.57	-	-
Machinery	-	-	24.55	15.87	11.7	10.93
Construction In Progress	-	-	0.46	38.6	169.93	69.88

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