SHA:688093 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	394.41	373.08	311.47	299.47	218.39	185.4
Short-Term Investments	-	740.34	107.82	362.52	149.89	-
Cash & Short-Term Investments	394.41	1,113	419.29	661.99	368.28	185.4
Cash Growth	13.09%	165.55%	-36.66%	79.75%	98.64%	-62.36%
Accounts Receivable	262.38	280.19	271.49	181.87	160.94	169.77
Other Receivables	0.56	0.5	0.21	0.75	0.59	0.43
Receivables	262.94	280.69	271.69	182.62	161.54	170.2
Inventory	88.04	96.63	102.66	65.34	49.08	43.51
Other Current Assets	762.68	12.92	15.77	26.54	6.97	10.87
Total Current Assets	1,508	1,504	809.41	936.49	585.87	409.98
Property, Plant & Equipment	972.66	980.33	795.33	580.27	331.26	304.4
Long-Term Investments	224.21	225.04	382.23	376.99	417.7	597.82
Other Intangible Assets	237.85	214.64	120.26	120.14	121.86	13.8
Long-Term Deferred Tax Assets	12.61	11.57	8.76	6.25	4.99	4.36
Long-Term Deferred Charges	25.58	16.17	10.43	12.16	8.16	5.1
Other Long-Term Assets	8.73	6.06	1.97	53.17	2.28	3.42
Total Assets	2,990	2,957	2,128	2,085	1,472	1,339
Accounts Payable	68.75	111.59	125.39	168.16	32.66	58.59
Accrued Expenses	14.28	29.2	23.37	16.39	15.34	17.91
Current Portion of Leases	0.06	-	0.28	0.7	0.62	0.31
Current Income Taxes Payable	22.85	16.82	13.53	5.78	7.29	13.27
Current Unearned Revenue	0.39	0.66	0.93	0.21	0.07	0.17
Other Current Liabilities	9.21	4.93	6.03	1.87	0.76	0.57
Total Current Liabilities	115.53	163.21	169.54	193.11	56.74	90.81
Long-Term Leases	0.09	-	0.29	0.57	0.37	0.25
Long-Term Deferred Tax Liabilities	0.01	0.01	0.04	0.05	0.06	-
Other Long-Term Liabilities	-	3.56	-	-	-	-
Total Liabilities	119.49	166.78	169.87	193.73	57.17	91.07
Common Stock	280.38	280.38	262.63	262.63	241.07	172
Additional Paid-In Capital	1,565	1,565	991.38	991.38	633.24	700.36
Retained Earnings	1,060	975.09	729.43	637.7	540.67	375.94
Treasury Stock	-23.91	-23.91	-23.91	-	-	-
Comprehensive Income & Other	-11.29	-5.45	-1.01	0.03	-0.06	-0.49
Total Common Equity	2,870	2,791	1,959	1,892	1,415	1,248
Shareholders' Equity	2,870	2,791	1,959	1,892	1,415	1,248
Total Liabilities & Equity	2,990	2,957	2,128	2,085	1,472	1,339
Total Debt	0.15	-	0.57	1.27	0.99	0.56
Net Cash (Debt)	394.26	1,113	418.72	660.72	367.28	184.84
Net Cash Growth	13.21%	165.91%	-36.63%	79.89%	98.70%	-62.47%
Net Cash Per Share	1.45	4.16	1.60	2.63	1.53	0.77
Filing Date Shares Outstanding	278.72	278.72	260.97	262.63	241.07	240.8
Total Common Shares Outstanding	278.72	278.72	260.97	262.63	241.07	240.8
Working Capital	1,393	1,340	639.87	743.38	529.13	319.17
Book Value Per Share	10.30	10.01	7.50	7.20	5.87	5.18
Tangible Book Value	2,632	2,576	1,838	1,772	1,293	1,234
Tangible Book Value Per Share	9.44	9.24	7.04	6.75	5.36	5.12
Buildings	-	299.53	275.07	156.22	156.22	132.56
Machinery	-	429.66	279.54	211.39	195.54	107.81
Construction In Progress	-	376.6	337.39	281.62	24.76	94.67

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