SHA:688119 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	1,551	1,618	870.3	2,079	2,400	1,160
Trading Asset Securities	0.49	0.49	751.64	0.47	350.79	60.7
Cash & Short-Term Investments	1,551	1,619	1,622	2,080	2,751	1,221
Cash Growth	-2.32%	-0.19%	-22.02%	-24.40%	125.35%	1.63%
Accounts Receivable	1,243	1,317	1,400	1,421	1,324	1,137
Other Receivables	24.95	21.28	0.47	4.76	31.14	29.4
Receivables	1,268	1,339	1,400	1,426	1,355	1,166
Inventory	556.26	519.43	624.57	627.29	667.28	514.08
Other Current Assets	35.6	35.33	67.12	58.25	58.31	106.48
Total Current Assets	3,411	3,512	3,714	4,192	4,832	3,008
Property, Plant & Equipment	1,038	1,035	1,010	980.92	872.62	787.17
Long-Term Investments	42.83	42.67	39.68	35.67	36.94	28.07
Other Intangible Assets	281.5	284.46	285.82	295.72	300.26	300.85
Long-Term Deferred Tax Assets	77.25	78.04	67.39	54.61	50.51	23.14
Long-Term Deferred Charges	-	-	-	-	0.24	2.78
Other Long-Term Assets	60.95	64.98	93.11	110.17	108.92	113.13
Total Assets	4,912	5,017	5,210	5,669	6,201	4,263
Accounts Payable	962.92	1,068	987.93	979.81	1,055	755.5
Accrued Expenses	36.37	36.46	59.12	72.31	61.49	46.36
Current Portion of Long-Term Debt	500.24	500.24	500.53	254.03	253.24	-
Current Portion of Leases	-	-	0.25	0.23	0.2	1.64
Current Income Taxes Payable	5.11	5.57	3.63	2.07	1.03	0.52
Current Unearned Revenue	163.76	168.55	194.66	240.49	326.77	320.59
Other Current Liabilities	206.22	205.34	225.27	281.11	356.81	557.83
Total Current Liabilities	1,875	1,984	1,971	1,830	2,054	1,682
Long-Term Debt	-	-	-	500	753.24	506.48
Long-Term Leases	-	-	-	0.25	0.32	1.97
Long-Term Unearned Revenue	30.68	32.64	38.45	40.13	44.89	39.08
Long-Term Deferred Tax Liabilities	14.03	14.04	14.62	15.46	16.41	11.35
Other Long-Term Liabilities	109.69	110.53	168.5	151.33	143.03	155.96
Total Liabilities	2,029	2,141	2,193	2,537	3,012	2,397
Common Stock	1,125	1,125	1,125	1,125	1,125	900
Additional Paid-In Capital	1,638	1,638	1,638	1,638	1,638	809.34
Retained Earnings	30.85	28	177.69	272.79	337.75	105.2
Comprehensive Income & Other	23.06	22.86	16.22	37.29	31.37	11.03
Total Common Equity	2,817	2,814	2,957	3,074	3,133	1,826
Minority Interest	65.2	61.37	59.39	57.88	56.33	39.8
Shareholders' Equity	2,883	2,876	3,017	3,131	3,189	1,865
Total Liabilities & Equity	4,912	5,017	5,210	5,669	6,201	4,263
Total Debt	500.24	500.24	500.78	754.51	1,007	510.1
Net Cash (Debt)	1,051	1,119	1,121	1,325	1,744	710.73
Net Cash Growth	-3.37%	-0.23%	-15.41%	-24.01%	145.40%	2.30%
Net Cash Per Share	0.93	0.99	1.00	1.18	1.72	0.79
Filing Date Shares Outstanding	1,140	1,130	1,125	1,125	1,125	900
Total Common Shares Outstanding	1,140	1,130	1,125	1,125	1,125	900
Working Capital	1,536	1,528	1,743	2,361	2,777	1,325
Book Value Per Share	2.47	2.49	2.63	2.73	2.78	2.03
Tangible Book Value	2,536	2,530	2,672	2,778	2,832	1,525
Tangible Book Value Per Share	2.22	2.24	2.37	2.47	2.52	1.69
Buildings	-	-	658.85	635.68	523.19	486.37
Machinery	-	-	978.45	955.99	787.7	741.47
Construction In Progress	-	-	63.38	7.98	116.76	64.18

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