SHA:688103 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	584.5	776.58	747.59	822.34	380.01	505.85
Trading Asset Securities	150	-	-	-	-	0.17
Cash & Short-Term Investments	734.5	776.58	747.59	822.34	380.01	506.02
Cash Growth	2.53%	3.88%	-9.09%	116.40%	-24.90%	54.94%
Accounts Receivable	901.88	894.96	572.5	468.68	429.89	261.52
Other Receivables	4.55	2.94	3.33	4.54	4.17	4.82
Receivables	906.43	897.9	575.83	473.22	434.05	266.34
Inventory	393.87	354.47	271.15	209.89	177.51	142.47
Other Current Assets	21.07	20.64	8.05	9.16	13.3	9.74
Total Current Assets	2,056	2,050	1,603	1,515	1,005	924.57
Property, Plant & Equipment	389.61	370.6	359.37	343.94	294.07	198.77
Long-Term Investments	171.44	171.51	191.01	154.43	136.79	121.73
Goodwill	-	-	-	-	-	0.56
Other Intangible Assets	17.78	15.91	18.03	20.27	12.76	12.7
Long-Term Accounts Receivable	-	-	13.48	2.26	1.98	2.68
Long-Term Deferred Tax Assets	22.71	23.23	21.54	21.29	22.25	21.11
Long-Term Deferred Charges	0.22	0.12	0.24	0.79	0.99	1.21
Other Long-Term Assets	51.03	47.73	7.57	1.23	16.16	4.37
Total Assets	2,709	2,679	2,214	2,059	1,490	1,288
Accounts Payable	863.72	840.87	509.7	419.46	353.18	223.11
Accrued Expenses	30.45	32.6	22.42	20.39	32.06	19.97
Short-Term Debt	-	2.94	-	5.47	3.2	5
Current Portion of Long-Term Debt	4.02	2.88	1.33	0.8	2.01	2.3
Current Portion of Leases	-	-	0.33	0.18	-	-
Current Income Taxes Payable	3.93	7.2	0.65	0.02	0.48	0.65
Current Unearned Revenue	43.35	41.74	31.41	4.75	6.2	14.54
Other Current Liabilities	40.03	40.41	10.44	12.34	48.6	54.65
Total Current Liabilities	985.5	968.64	576.29	463.41	445.71	320.23
Long-Term Debt	518.25	513.83	468.37	449	-	2
Long-Term Leases	0.04	0.06	0.08	0.19	-	-
Long-Term Unearned Revenue	22.79	22.79	6.72	3.31	0.96	3.85
Long-Term Deferred Tax Liabilities	12	12	16.94	12.03	7.09	9.73
Other Long-Term Liabilities	15	15	0.71	-	2.48	-
Total Liabilities	1,554	1,532	1,069	927.94	456.24	335.82
Common Stock	95.32	95.32	95.32	95.93	95.39	95.39
Additional Paid-In Capital	478.03	478.03	479.49	499.78	483.65	471.33
Retained Earnings	490.76	484.04	433.62	425.45	387.49	332.11
Treasury Stock	-30.94	-30.94	-	-	-	-
Comprehensive Income & Other	116.92	115.94	130.21	104.07	58.08	45.14
Total Common Equity	1,150	1,142	1,139	1,125	1,025	943.98
Minority Interest	4.99	4	6.11	5.65	9.02	7.92
Shareholders' Equity	1,155	1,146	1,145	1,131	1,034	951.89
Total Liabilities & Equity	2,709	2,679	2,214	2,059	1,490	1,288
Total Debt	522.31	519.71	470.12	455.64	5.2	9.3
Net Cash (Debt)	212.18	256.86	277.47	366.69	374.8	496.71
Net Cash Growth	-11.89%	-7.42%	-24.33%	-2.16%	-24.54%	73.48%
Net Cash Per Share	2.24	2.70	2.94	3.83	3.91	6.40
Filing Date Shares Outstanding	96.06	92.55	95.32	95.93	95.39	95.39
Total Common Shares Outstanding	96.06	92.55	95.32	95.93	95.39	95.39
Working Capital	1,070	1,081	1,026	1,051	559.15	604.35
Book Value Per Share	11.97	12.34	11.95	11.73	10.74	9.90
Tangible Book Value	1,132	1,126	1,121	1,105	1,012	930.72
Tangible Book Value Per Share	11.79	12.17	11.76	11.52	10.61	9.76
Buildings	-	-	175.32	171.26	171.3	57.47
Machinery	-	-	328.17	298.89	169.92	133.56
Construction In Progress	-	-	28.39	11.51	65.26	107.05

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