SHA:688098 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	72.77	122	146.21	44.98	52.74	44.21
Trading Asset Securities	10.52	32.82	43.81	162.38	305.12	424.08
Cash & Short-Term Investments	83.29	154.82	190.02	207.35	357.87	468.29
Cash Growth	-41.01%	-18.52%	-8.36%	-42.06%	-23.58%	-20.23%
Accounts Receivable	296.16	282.11	261.4	273.97	222.76	154.61
Other Receivables	3.31	3.33	3.17	3.09	6.82	5.99
Receivables	299.47	285.44	264.57	277.06	229.57	160.61
Inventory	109.45	94.47	95.1	111.79	115.33	103.42
Other Current Assets	2.94	1.17	1.14	2.09	2.74	1.14
Total Current Assets	495.15	535.9	550.83	598.29	705.5	733.46
Property, Plant & Equipment	784.22	799.83	811.19	823.31	776.66	768.55
Long-Term Investments	71.46	26.46	6.58	1.59	1.58	1.57
Other Intangible Assets	122.12	124.7	102.66	93.6	53.12	32.66
Long-Term Deferred Tax Assets	14.91	14.47	13.26	5.14	6.5	7.08
Long-Term Deferred Charges	16.28	15.4	33.18	42.35	42.17	35.52
Other Long-Term Assets	25.81	25.62	36.41	29.72	19.56	19.62
Total Assets	1,530	1,542	1,554	1,594	1,605	1,598
Accounts Payable	20.34	16.43	5.44	5.14	8.86	11.33
Accrued Expenses	6.94	13.87	57.82	42.8	48.37	58.72
Short-Term Debt	12.89	12.89	14.01	-	-	-
Current Portion of Long-Term Debt	0.36	0.37	-	-	-	-
Current Portion of Leases	-	-	0.48	0.33	0.14	0.13
Current Income Taxes Payable	5.14	1.48	-	0.23	7.58	5.09
Current Unearned Revenue	7.35	17.82	19.59	6.65	10.61	8.92
Other Current Liabilities	70.83	70.47	18.86	21.35	21.66	29.33
Total Current Liabilities	123.85	133.33	116.2	76.5	97.22	113.53
Long-Term Leases	0.84	0.92	1.01	0.92	0.31	0.38
Long-Term Unearned Revenue	8.61	9.11	11.08	9.49	10.36	11.3
Long-Term Deferred Tax Liabilities	0.03	0.06	0.21	0.02	0.32	0.27
Total Liabilities	133.33	143.41	128.5	86.93	108.21	125.48
Common Stock	410.64	410.64	410.64	410.64	410.64	410.64
Additional Paid-In Capital	539.23	539.23	539.23	539.23	546.04	552.18
Retained Earnings	457.52	459.25	479.74	538.85	540.19	516.05
Treasury Stock	-20	-20	-18.32	-	-	-
Total Common Equity	1,387	1,389	1,411	1,489	1,497	1,479
Minority Interest	9.22	9.85	14.33	18.34	-	-5.89
Shareholders' Equity	1,397	1,399	1,426	1,507	1,497	1,473
Total Liabilities & Equity	1,530	1,542	1,554	1,594	1,605	1,598
Total Debt	14.09	14.17	15.49	1.25	0.45	0.51
Net Cash (Debt)	69.2	140.65	174.53	206.1	357.42	467.78
Net Cash Growth	-44.70%	-19.41%	-15.32%	-42.34%	-23.59%	-20.32%
Net Cash Per Share	-	0.34	0.43	0.52	0.88	1.15
Filing Date Shares Outstanding	-	-	407.53	410.64	410.64	379.56
Total Common Shares Outstanding	-	-	407.53	410.64	410.64	379.56
Working Capital	371.31	402.57	434.63	521.79	608.29	619.93
Book Value Per Share	-	-	3.46	3.63	3.65	3.90
Tangible Book Value	1,265	1,264	1,309	1,395	1,444	1,446
Tangible Book Value Per Share	-	-	3.21	3.40	3.52	3.81
Buildings	-	-	343.74	318.94	298.9	285.68
Machinery	-	-	600.61	595.91	577.97	495.93
Construction In Progress	-	-	177.87	163.44	98.95	133.78

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