SHA:688108 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	375.98	396.41	291.67	188.64	203.42	287.76
Cash & Short-Term Investments	375.98	396.41	291.67	188.64	203.42	287.76
Cash Growth	31.89%	35.91%	54.62%	-7.27%	-29.31%	-47.18%
Accounts Receivable	27.97	25.14	7.47	8.94	20.28	12
Other Receivables	6.49	0.18	11.42	0.49	0.53	0.86
Receivables	34.46	25.33	18.9	9.43	20.82	12.86
Inventory	93.41	88.79	89.51	118.22	98.13	84.88
Prepaid Expenses	-	0	0	0.01	-	-
Other Current Assets	9.78	9.86	3.31	27.88	32.54	45.3
Total Current Assets	513.63	520.39	403.39	344.18	354.9	430.8
Property, Plant & Equipment	101.66	108.68	135.79	165.95	176.77	172.58
Long-Term Investments	-	-	-	14	18.95	33.65
Goodwill	46.22	46.22	46.22	-	-	-
Other Intangible Assets	162.33	170.53	189.31	53.4	52.87	73.92
Long-Term Deferred Tax Assets	81.01	85.59	111.88	105.33	91.78	44.17
Long-Term Deferred Charges	421.99	417.79	413.88	375.91	369.2	333.07
Other Long-Term Assets	0.72	0.48	0.08	127.05	3.14	14.89
Total Assets	1,328	1,350	1,301	1,186	1,068	1,103
Accounts Payable	31.16	23.2	13.94	20.12	13.41	8.57
Accrued Expenses	23.46	74.04	70.64	57.65	62.19	55.18
Short-Term Debt	105.51	48.44	53.05	53.55	35.54	5.01
Current Portion of Long-Term Debt	-	137.05	4.56	0.76	-	-
Current Portion of Leases	-	11.4	11.51	14.96	10.95	11.78
Current Income Taxes Payable	-	0.01	0.02	-	-	-
Current Unearned Revenue	2.22	1.59	1.87	1.12	0.79	0.41
Other Current Liabilities	39.79	38.01	36.43	3.12	9.3	11.6
Total Current Liabilities	202.13	333.75	192.02	151.27	132.18	92.56
Long-Term Debt	9	-	137	105.3	-	-
Long-Term Leases	12.89	14.83	18.99	24.92	11.83	27.49
Long-Term Unearned Revenue	5.18	5.7	13.32	21	2	1.94
Long-Term Deferred Tax Liabilities	34.18	35.56	40.89	20.22	22.72	21.47
Other Long-Term Liabilities	-	-	-	1.46	11.4	14.47
Total Liabilities	263.39	389.84	402.22	324.17	180.13	157.92
Common Stock	417.95	416.05	413.46	410	410	410
Additional Paid-In Capital	702.09	663.36	651.98	608.92	596.87	527.37
Retained Earnings	-127.69	-152.15	-199.44	-200.94	-161.31	-8.44
Comprehensive Income & Other	-0.42	0.39	0.89	1.97	1.52	-1.09
Total Common Equity	991.93	927.64	866.89	819.96	847.08	927.84
Minority Interest	72.24	32.18	31.45	41.69	40.4	17.33
Shareholders' Equity	1,064	959.83	898.34	861.65	887.48	945.16
Total Liabilities & Equity	1,328	1,350	1,301	1,186	1,068	1,103
Total Debt	127.4	211.73	225.11	199.49	58.31	44.27
Net Cash (Debt)	248.58	184.68	66.56	-10.85	145.11	243.48
Net Cash Growth	719.56%	177.44%	-	-	-40.40%	-55.31%
Net Cash Per Share	0.54	0.43	0.18	-0.03	0.36	0.60
Filing Date Shares Outstanding	407.71	416.05	413.46	410	410	410
Total Common Shares Outstanding	407.71	416.05	413.46	410	410	410
Working Capital	311.5	186.64	211.37	192.9	222.72	338.24
Book Value Per Share	2.43	2.23	2.10	2.00	2.07	2.26
Tangible Book Value	783.38	710.9	631.36	766.55	794.21	853.92
Tangible Book Value Per Share	1.92	1.71	1.53	1.87	1.94	2.08
Machinery	-	266.28	265.54	286	278.74	226.45
Construction In Progress	-	0.29	1.17	1.55	6.66	11.92

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