SHA:688101 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	648.67	668.86	572.6	681.49	1,360	1,232
Trading Asset Securities	1,054	1,085	949.75	777.78	-	250.08
Cash & Short-Term Investments	1,703	1,754	1,522	1,459	1,360	1,482
Cash Growth	9.35%	15.20%	4.32%	7.29%	-8.24%	-4.06%
Accounts Receivable	1,308	1,239	1,258	894.04	772.05	689.92
Other Receivables	27.18	29.32	5.03	8	4.71	11.56
Receivables	1,335	1,268	1,263	902.05	776.76	701.48
Inventory	639.82	798.08	845.76	749.02	832.42	591.77
Prepaid Expenses	-	0.01	0.02	0	0.06	0.07
Restricted Cash	-	-	-	-	0.36	-
Other Current Assets	55.37	59.79	51.85	50.39	51.69	90.03
Total Current Assets	3,733	3,880	3,683	3,161	3,021	2,866
Property, Plant & Equipment	227.85	231.09	232.44	227.49	205.23	130.35
Long-Term Investments	543.89	525.77	469.36	388.41	380.36	344.96
Goodwill	-	-	-	-	0.1	0.1
Other Intangible Assets	1,499	1,506	1,557	1,587	1,523	1,360
Long-Term Accounts Receivable	-	15.96	4.89	3.74	12	8.13
Long-Term Deferred Tax Assets	100.08	96.51	92.51	78.47	71.29	57.18
Long-Term Deferred Charges	1.65	1.94	3.54	2.02	2.48	2.61
Other Long-Term Assets	93.18	75.2	78.96	90.08	82.73	85.32
Total Assets	6,198	6,333	6,122	5,538	5,299	4,855
Accounts Payable	394.64	330.26	412.23	331.52	313.9	244.24
Accrued Expenses	10.66	44.5	50.37	42.59	49.2	53.05
Current Portion of Long-Term Debt	16.2	14.44	23.42	14.53	9.77	9.59
Current Portion of Leases	-	7.95	7.57	7.33	5.14	3.01
Current Income Taxes Payable	39.74	37.83	29.75	32.24	31.26	23.94
Current Unearned Revenue	583.87	724.79	778.86	598.92	680.52	502.49
Other Current Liabilities	106.5	231.85	282.49	206.33	217.86	178.18
Total Current Liabilities	1,152	1,392	1,585	1,233	1,308	1,014
Long-Term Debt	34.88	37.21	51.06	74.7	88	85.94
Long-Term Leases	11.49	12.28	11.09	18.53	5.77	8.57
Long-Term Unearned Revenue	87.37	87.91	91.87	106.88	86.43	89.3
Long-Term Deferred Tax Liabilities	-	-	-	-	2.07	0.03
Other Long-Term Liabilities	316.45	308.28	274.91	243.69	210.97	177.65
Total Liabilities	1,602	1,837	2,014	1,677	1,701	1,376
Common Stock	332.01	332.01	332.01	333.88	333.88	333.88
Additional Paid-In Capital	1,499	1,499	1,496	1,518	1,515	1,515
Retained Earnings	2,696	2,598	2,219	1,981	1,727	1,586
Treasury Stock	-	-	-	-27	-27	-
Comprehensive Income & Other	-0.05	-0.11	0.24	-	-	-
Total Common Equity	4,527	4,428	4,047	3,806	3,549	3,434
Minority Interest	69.13	67.56	60.62	55.39	49.48	44.19
Shareholders' Equity	4,597	4,496	4,108	3,861	3,598	3,479
Total Liabilities & Equity	6,198	6,333	6,122	5,538	5,299	4,855
Total Debt	62.57	71.87	93.13	115.08	108.67	107.11
Net Cash (Debt)	1,640	1,682	1,429	1,344	1,251	1,375
Net Cash Growth	11.47%	17.68%	6.33%	7.41%	-9.00%	-9.84%
Net Cash Per Share	4.95	5.07	4.31	4.02	3.73	4.12
Filing Date Shares Outstanding	328.32	332.01	332.01	332.01	332.01	333.88
Total Common Shares Outstanding	328.32	332.01	332.01	332.01	332.01	333.88
Working Capital	2,581	2,488	2,098	1,927	1,714	1,851
Book Value Per Share	13.79	13.34	12.19	11.46	10.69	10.29
Tangible Book Value	3,029	2,922	2,490	2,218	2,025	2,074
Tangible Book Value Per Share	9.22	8.80	7.50	6.68	6.10	6.21
Buildings	-	92.15	92.15	85.5	34.55	34.58
Machinery	-	164.92	163.34	144.75	135.8	108.37
Construction In Progress	-	53.11	52.02	59.56	98.57	39.48

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