SHA:688102 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	462.21	457.3	164.04	126.51	131.16	171.75
Trading Asset Securities	100.31	155.08	-	-	24.25	-
Cash & Short-Term Investments	562.53	612.39	164.04	126.51	155.4	171.75
Cash Growth	319.64%	273.32%	29.66%	-18.59%	-9.51%	-13.92%
Accounts Receivable	601.29	507.52	347.93	314.72	310.7	172.64
Other Receivables	40.56	23.13	8.77	3.05	8.29	12.89
Receivables	641.85	530.64	356.7	317.77	319	185.53
Inventory	485.28	327.98	258.38	248.68	209.6	185.09
Prepaid Expenses	-	-	0.24	-	-	-
Other Current Assets	86.47	52.81	29.15	23.46	14.42	70.27
Total Current Assets	1,776	1,524	808.5	716.43	698.42	612.63
Property, Plant & Equipment	1,337	1,300	1,010	752.9	612.73	521.89
Long-Term Investments	135.25	133.18	78.32	80.67	16.5	7.7
Other Intangible Assets	141.08	142.52	145.32	94.01	96.7	97.83
Long-Term Deferred Tax Assets	8.63	15.82	1.18	2.33	23.57	5.32
Long-Term Deferred Charges	15.28	14.89	11.75	8.5	9.93	-
Other Long-Term Assets	54.92	28.09	78.99	60.49	39.33	34.82
Total Assets	3,468	3,158	2,134	1,715	1,497	1,280
Accounts Payable	263.19	188.93	83.85	73.72	71.96	69.87
Accrued Expenses	15.29	34.29	25	24.15	26.17	26.62
Short-Term Debt	273.03	195.66	219.35	160.42	64.36	217.78
Current Portion of Long-Term Debt	214.15	214.54	94.62	84.5	39.2	36.51
Current Portion of Leases	-	4.75	3.34	3.22	9.08	1.7
Current Income Taxes Payable	47.27	11.47	1.49	1.01	0.47	0.12
Current Unearned Revenue	15.27	12.43	9.69	5.91	4.56	9.75
Other Current Liabilities	113.03	171.28	62.32	71.41	46.89	75.97
Total Current Liabilities	941.24	833.34	499.66	424.33	262.69	438.33
Long-Term Debt	433.18	252.33	388.91	121.99	152.17	217.93
Long-Term Leases	4.89	5.84	3.77	3.11	5.22	2.66
Long-Term Unearned Revenue	84.83	86.07	52.69	59.24	37.5	7.65
Long-Term Deferred Tax Liabilities	16.05	13.49	27.98	16.05	29.11	14.92
Other Long-Term Liabilities	1.45	0.46	-	-	-	11.48
Total Liabilities	1,482	1,192	973.01	624.73	486.69	692.98
Common Stock	777.59	774.9	727.34	560.01	400.01	360
Additional Paid-In Capital	688.14	680.93	47.5	213.62	374.24	57.15
Retained Earnings	456.84	444.69	355.26	280.8	214.46	168.38
Treasury Stock	-24.93	-24.93	-24.93	-2.89	-	-
Comprehensive Income & Other	55.03	59.09	7.86	4.39	5.19	1.32
Total Common Equity	1,953	1,935	1,113	1,056	993.89	586.85
Minority Interest	33.68	31.93	47.6	34.67	16.59	0.37
Shareholders' Equity	1,986	1,967	1,161	1,091	1,010	587.22
Total Liabilities & Equity	3,468	3,158	2,134	1,715	1,497	1,280
Total Debt	925.25	673.12	709.99	373.24	270.04	476.59
Net Cash (Debt)	-362.72	-60.73	-545.95	-246.72	-114.63	-304.84
Net Cash Per Share	-0.48	-0.08	-0.75	-0.34	-0.16	-0.47
Filing Date Shares Outstanding	775.33	775.33	725.07	725.07	728.02	655.2
Total Common Shares Outstanding	775.33	772.63	725.07	727.72	728.02	655.2
Working Capital	834.88	690.48	308.84	292.1	435.73	174.3
Book Value Per Share	2.52	2.50	1.54	1.45	1.37	0.90
Tangible Book Value	1,812	1,792	967.7	961.92	897.19	489.02
Tangible Book Value Per Share	2.34	2.32	1.33	1.32	1.23	0.75
Buildings	-	477.88	320.71	318.45	310.41	261.16
Machinery	-	936.59	657.28	508.81	417.86	276.04
Construction In Progress	-	236.85	317.49	154.77	70.2	140.69

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