SHA:688122 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	1,175	2,042	1,513	1,482	2,113	2,597
Trading Asset Securities	1,212	816.33	862.14	1,184	1,174	100
Cash & Short-Term Investments	2,388	2,858	2,376	2,667	3,287	2,697
Cash Growth	-1.51%	20.30%	-10.91%	-18.87%	21.84%	242.72%
Accounts Receivable	4,704	4,301	4,222	3,344	3,441	2,715
Other Receivables	9.53	26.55	88.36	92.6	19.74	47.28
Receivables	4,714	4,328	4,310	3,437	3,461	2,762
Inventory	4,552	4,477	3,860	3,342	2,380	1,599
Prepaid Expenses	-	4.94	1.99	3.21	1.45	0.3
Other Current Assets	133.35	84.45	52.49	44.3	36.79	37.52
Total Current Assets	11,787	11,752	10,600	9,493	9,166	7,096
Property, Plant & Equipment	2,516	2,537	2,297	1,946	1,380	1,196
Long-Term Investments	230.71	232.22	210.14	206.75	165.11	149.24
Other Intangible Assets	315.67	317.37	327.7	291.38	179.37	171.37
Long-Term Deferred Tax Assets	198.73	185.46	135.69	101.33	95.11	81.77
Long-Term Deferred Charges	-	-	-	-	-	17.61
Other Long-Term Assets	64.25	64.69	38.91	45.57	320.83	46.05
Total Assets	15,112	15,088	13,609	12,084	11,306	8,758
Accounts Payable	3,032	2,520	2,134	1,524	1,513	848.49
Accrued Expenses	98.86	570.4	658.8	467.33	375.69	311.18
Short-Term Debt	1,287	1,349	778.59	727.65	981.89	1,001
Current Portion of Long-Term Debt	569.36	801.02	966.92	435.92	276.58	38.02
Current Portion of Leases	-	2.54	2.52	3.46	1.66	-
Current Income Taxes Payable	55.17	11.49	89.16	22.45	3.95	35.89
Current Unearned Revenue	279.95	256.46	142.77	141.56	183.54	267.66
Other Current Liabilities	48.41	100.89	183.29	100.82	69.86	78.22
Total Current Liabilities	5,370	5,611	4,956	3,423	3,406	2,581
Long-Term Debt	1,220	1,110	905.29	1,553	1,178	445.66
Long-Term Leases	0.09	0.1	1.9	-	1.71	-
Long-Term Unearned Revenue	573.44	523.74	475.72	354.91	342.22	288.21
Long-Term Deferred Tax Liabilities	14.36	16.22	3.32	16.28	17.08	-
Other Long-Term Liabilities	0.37	0.39	0.68	-	-	-
Total Liabilities	7,179	7,262	6,342	5,348	4,945	3,315
Common Stock	649.66	649.66	649.66	649.66	464.05	464.05
Additional Paid-In Capital	3,659	3,659	3,647	3,577	3,731	3,718
Retained Earnings	2,820	2,776	2,359	2,078	1,789	1,173
Comprehensive Income & Other	46.01	43.35	28.1	20.4	12.13	5.58
Total Common Equity	7,175	7,128	6,684	6,325	5,996	5,361
Minority Interest	758.6	697.88	582.77	411.44	364.59	82.6
Shareholders' Equity	7,933	7,826	7,267	6,736	6,361	5,443
Total Liabilities & Equity	15,112	15,088	13,609	12,084	11,306	8,758
Total Debt	3,076	3,263	2,655	2,720	2,440	1,485
Net Cash (Debt)	-688.5	-405.34	-279.68	-53.83	846.25	1,213
Net Cash Growth	-	-	-	-	-30.21%	-
Net Cash Per Share	-1.07	-0.62	-0.43	-0.08	1.30	1.96
Filing Date Shares Outstanding	649.66	649.66	649.66	649.66	649.66	649.66
Total Common Shares Outstanding	649.66	649.66	649.66	649.66	649.66	649.66
Working Capital	6,416	6,140	5,644	6,070	5,760	4,515
Book Value Per Share	11.04	10.97	10.29	9.74	9.23	8.25
Tangible Book Value	6,859	6,811	6,356	6,033	5,817	5,189
Tangible Book Value Per Share	10.56	10.48	9.78	9.29	8.95	7.99
Buildings	-	953.39	776.9	465.1	396.44	387.83
Machinery	-	2,497	2,254	1,788	1,489	1,278
Construction In Progress	-	234.57	231.91	536.41	220.97	158.51

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