SHA:688125 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	592.83	584.29	776.06	1,042	1,182	281.04
Trading Asset Securities	332	406.95	342.01	493.02	361.03	106.18
Cash & Short-Term Investments	924.83	991.24	1,118	1,535	1,543	387.22
Cash Growth	-16.10%	-11.34%	-27.18%	-0.49%	298.48%	40.35%
Accounts Receivable	475.05	477.53	435.98	200.3	233.84	194.84
Other Receivables	11.2	4.21	4.01	3.84	1.9	2.98
Receivables	486.26	481.74	440	204.13	235.74	197.83
Inventory	329.26	292.79	263.2	195.67	150.79	177.75
Other Current Assets	10.04	11.3	10.25	13.98	6.25	4.35
Total Current Assets	1,750	1,777	1,832	1,949	1,936	767.14
Property, Plant & Equipment	362.91	343.91	302.35	111.2	65.77	60.11
Long-Term Investments	55.69	55.69	51.53	30	30	-
Other Intangible Assets	43.36	43.73	44.36	44.02	16.45	17.13
Long-Term Deferred Tax Assets	96.89	86.99	44.07	18.8	9.78	7.94
Long-Term Deferred Charges	4.93	5.66	3.44	1.39	0.04	0.22
Other Long-Term Assets	23	34.01	1.85	-	-	0.55
Total Assets	2,337	2,347	2,279	2,155	2,058	853.09
Accounts Payable	316.38	342.68	175.19	100.92	74.7	81.28
Accrued Expenses	31.92	30.79	42.65	35.99	29.39	31.18
Current Portion of Long-Term Debt	3.84	3.74	-	-	-	-
Current Portion of Leases	-	-	3.75	4.84	2.75	2.36
Current Income Taxes Payable	2.83	3.04	0.06	0.32	3.17	10.43
Current Unearned Revenue	90.12	72.75	54.57	37.88	16.16	13.31
Other Current Liabilities	38.35	40.01	96.64	53.39	9.16	3.25
Total Current Liabilities	513.94	492.99	372.86	233.33	135.34	141.81
Long-Term Leases	2.38	2.57	6.45	8.18	4.44	0.57
Long-Term Unearned Revenue	23.88	24.41	1	-	-	-
Long-Term Deferred Tax Liabilities	4.34	4.24	0.73	1.2	0.39	0.07
Other Long-Term Liabilities	-	-	0.09	10.62	15.73	16.13
Total Liabilities	544.54	524.22	381.13	253.33	155.89	158.58
Common Stock	82.13	82.13	81.54	80.81	80.81	60.61
Additional Paid-In Capital	1,579	1,578	1,551	1,524	1,515	406.49
Retained Earnings	109.97	141.24	249.33	292.3	303.54	227.24
Treasury Stock	-6.65	-6.65	-11.18	-	-	-
Comprehensive Income & Other	29.74	29.6	28.02	4.32	1.68	-1.61
Total Common Equity	1,794	1,824	1,899	1,902	1,901	692.73
Minority Interest	-1.43	-1.21	-1.02	-0.61	0.6	1.79
Shareholders' Equity	1,793	1,823	1,898	1,901	1,902	694.51
Total Liabilities & Equity	2,337	2,347	2,279	2,155	2,058	853.09
Total Debt	36.71	6.31	10.21	13.03	7.19	2.93
Net Cash (Debt)	888.12	984.93	1,108	1,522	1,536	384.29
Net Cash Growth	-18.75%	-11.10%	-27.23%	-0.87%	299.65%	39.29%
Net Cash Per Share	10.79	12.03	13.69	18.79	20.72	6.34
Filing Date Shares Outstanding	82.28	82.13	81.54	80.81	80.81	60.61
Total Common Shares Outstanding	82.28	82.13	81.54	80.81	80.81	60.61
Working Capital	1,236	1,284	1,459	1,716	1,800	625.33
Book Value Per Share	21.81	22.21	23.29	23.54	23.53	11.43
Tangible Book Value	1,751	1,780	1,855	1,858	1,885	675.6
Tangible Book Value Per Share	21.28	21.68	22.75	22.99	23.33	11.15
Buildings	-	-	56.7	56.7	56.7	56.7
Machinery	-	-	61.3	52.96	48.56	41
Construction In Progress	-	-	236.75	43.29	1.57	-

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