SHA:688097 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	1,511	1,615	986.37	1,324	1,423	525.75
Trading Asset Securities	15	-	-	-	5.22	-
Cash & Short-Term Investments	1,526	1,615	986.37	1,324	1,428	525.75
Cash Growth	9.19%	63.72%	-25.51%	-7.29%	171.67%	-30.94%
Accounts Receivable	3,832	3,884	3,633	2,703	2,205	1,731
Other Receivables	149.71	212.16	35.53	24.12	34.1	17.84
Receivables	3,982	4,096	3,668	2,727	2,239	1,749
Inventory	5,403	4,655	2,697	2,435	2,711	2,216
Prepaid Expenses	-	1.79	3.31	3.38	0.22	0.54
Other Current Assets	535.7	129.32	140.37	54.57	73.26	71.01
Total Current Assets	11,447	10,497	7,496	6,544	6,451	4,562
Property, Plant & Equipment	1,166	1,132	939.33	896.97	910.91	866.18
Long-Term Investments	412.37	362.19	157.66	172.93	60.53	43.76
Goodwill	744.81	513.84	-	-	-	-
Other Intangible Assets	240.55	187.19	81.93	84.73	92.05	100.42
Long-Term Deferred Tax Assets	94.47	94.07	72.15	56.06	44.02	44.51
Long-Term Deferred Charges	18.04	14.75	15.41	10.49	19.11	13.9
Other Long-Term Assets	49.01	42.12	140.75	56.9	42.1	9
Total Assets	14,173	12,844	8,903	7,822	7,620	5,640
Accounts Payable	4,288	4,028	2,244	1,357	1,594	1,334
Accrued Expenses	261.12	381.56	273.58	291.35	235.73	130.69
Short-Term Debt	799.39	744.77	867.62	667.9	908.72	924.31
Current Portion of Long-Term Debt	-	216.96	317.32	547.02	101.11	191.24
Current Portion of Leases	-	37.11	14.85	11.31	11.32	0.76
Current Income Taxes Payable	-	29.55	32	37.6	50.39	19.08
Current Unearned Revenue	1,119	684.21	258.62	214.5	294.41	360.97
Other Current Liabilities	567.98	237.24	91.75	52.27	120.03	63.59
Total Current Liabilities	7,035	6,359	4,099	3,179	3,316	3,024
Long-Term Debt	1,623	1,087	289.13	422.87	484.01	166.59
Long-Term Leases	45.25	51.71	40.94	8.43	12.38	-
Long-Term Unearned Revenue	17.91	18.12	18.69	19.2	21.24	12.62
Long-Term Deferred Tax Liabilities	32.28	27.97	7.27	6.38	4.98	-
Other Long-Term Liabilities	421.79	352.84	1.61	1.69	2.39	1.16
Total Liabilities	9,176	7,897	4,457	3,637	3,841	3,205
Common Stock	446.65	446.65	446.65	446.65	444.31	402.52
Additional Paid-In Capital	1,701	1,700	1,913	1,894	1,819	834.77
Retained Earnings	2,742	2,713	2,224	1,921	1,529	1,199
Treasury Stock	-14.13	-14.13	-65.85	-51	-	-
Comprehensive Income & Other	-75.32	-65.58	-59.18	-31.36	-38.07	-37.65
Total Common Equity	4,800	4,780	4,459	4,179	3,754	2,399
Minority Interest	197.01	166.46	-13.29	5.54	24.98	36.86
Shareholders' Equity	4,997	4,946	4,446	4,185	3,779	2,435
Total Liabilities & Equity	14,173	12,844	8,903	7,822	7,620	5,640
Total Debt	2,468	2,138	1,530	1,658	1,518	1,283
Net Cash (Debt)	-941.75	-523.14	-543.48	-333.41	-89.21	-757.14
Net Cash Per Share	-2.11	-1.17	-1.22	-0.75	-0.22	-1.97
Filing Date Shares Outstanding	446.38	444.97	441.73	444.51	444.31	402.52
Total Common Shares Outstanding	446.38	446.02	443.73	444.75	444.31	402.52
Working Capital	4,412	4,138	3,396	3,365	3,135	1,538
Book Value Per Share	10.75	10.72	10.05	9.40	8.45	5.96
Tangible Book Value	3,815	4,079	4,377	4,095	3,662	2,298
Tangible Book Value Per Share	8.55	9.14	9.86	9.21	8.24	5.71
Buildings	-	1,037	970.67	967.94	958.92	849.28
Machinery	-	449.29	313.53	240.81	194.98	176.06
Construction In Progress	-	11.09	-	2.92	0.12	63.64

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