SHA:688128 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	1,028	1,183	977.43	825.7	913.2	535.1
Short-Term Investments	-	-	175.32	441.5	-	-
Trading Asset Securities	60.02	-	80.18	190.38	190.67	501.5
Cash & Short-Term Investments	1,088	1,183	1,233	1,458	1,104	1,037
Cash Growth	25.55%	-4.08%	-15.41%	32.04%	6.49%	-30.25%
Accounts Receivable	1,723	1,745	1,833	1,737	1,630	1,410
Other Receivables	25.49	25.12	29.8	21.2	20.89	21.09
Receivables	1,748	1,770	1,863	1,758	1,651	1,431
Inventory	2,493	2,364	2,261	2,515	1,602	918.85
Prepaid Expenses	-	-	0.03	3.41	-	-
Other Current Assets	513.53	577.52	233.16	214.62	261.65	221.31
Total Current Assets	5,843	5,894	5,590	5,949	4,618	3,608
Property, Plant & Equipment	966.9	942.44	885.93	818.71	725.56	673.18
Long-Term Investments	164.39	165.58	851.2	793.04	705.18	379.05
Goodwill	0.85	0.85	0.85	0.85	0.85	0.85
Other Intangible Assets	193.36	195.47	160.68	165.69	100.97	100.41
Long-Term Deferred Tax Assets	79.47	72.46	41.37	42.07	37.53	38.52
Long-Term Deferred Charges	32.12	34.1	24.71	26.02	17.44	18.6
Other Long-Term Assets	1,158	1,115	-147.54	-411.11	42.87	32.54
Total Assets	8,438	8,420	7,407	7,384	6,249	4,851
Accounts Payable	1,064	1,072	1,004	1,244	1,300	1,039
Accrued Expenses	167.55	321.7	395.5	319.93	289.22	225.31
Short-Term Debt	13.7	35.39	35.69	11.5	54.92	24.42
Current Portion of Long-Term Debt	29.34	28.03	-	-	-	-
Current Portion of Leases	-	-	20.22	23.42	72.79	24.38
Current Income Taxes Payable	81.01	102.89	34.93	30.93	11.25	20.01
Current Unearned Revenue	2,854	2,651	2,270	2,381	1,468	681.15
Other Current Liabilities	397.52	418.27	186.3	187.35	134.78	107.49
Total Current Liabilities	4,607	4,629	3,947	4,199	3,332	2,122
Long-Term Leases	43.27	46.32	57.61	60.38	53.81	75.36
Long-Term Unearned Revenue	107.53	95.87	94.77	104.73	141.37	149.33
Pension & Post-Retirement Benefits	-	-	8.02	7.53	7.4	7.46
Other Long-Term Liabilities	51.73	53.95	51.65	55.55	38.4	32.95
Total Liabilities	4,810	4,825	4,159	4,427	3,573	2,387
Common Stock	404.5	404.5	404.5	404.5	404.5	404.5
Additional Paid-In Capital	1,410	1,413	1,413	1,421	1,408	1,408
Retained Earnings	1,768	1,734	1,402	1,117	868.73	647.02
Comprehensive Income & Other	23.12	14.38	3.81	-10.85	-19.39	-14.72
Total Common Equity	3,606	3,566	3,223	2,932	2,661	2,444
Minority Interest	22.33	29.26	25.59	24.81	14.84	20.07
Shareholders' Equity	3,628	3,595	3,249	2,957	2,676	2,465
Total Liabilities & Equity	8,438	8,420	7,407	7,384	6,249	4,851
Total Debt	86.31	109.74	113.52	95.3	181.52	124.16
Net Cash (Debt)	1,002	1,073	1,119	1,362	922.35	912.44
Net Cash Growth	30.41%	-4.16%	-17.83%	47.70%	1.09%	-37.29%
Net Cash Per Share	2.48	2.65	2.76	3.36	2.28	2.26
Filing Date Shares Outstanding	405.89	404.5	404.5	404.5	404.5	404.5
Total Common Shares Outstanding	405.89	404.5	404.5	404.5	404.5	404.5
Working Capital	1,235	1,265	1,644	1,750	1,287	1,486
Book Value Per Share	8.88	8.82	7.97	7.25	6.58	6.04
Tangible Book Value	3,411	3,370	3,062	2,765	2,560	2,343
Tangible Book Value Per Share	8.40	8.33	7.57	6.84	6.33	5.79
Buildings	-	-	501.2	498.07	468.31	457.05
Machinery	-	-	1,115	1,007	831.93	703.61
Construction In Progress	-	-	96.85	23.58	29.97	12.04

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