SHA:688131 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	1,557	1,531	879.55	483.61	460.14	1,037
Trading Asset Securities	89	20.07	449.15	-	17.23	-
Cash & Short-Term Investments	1,646	1,551	1,329	483.61	477.36	1,037
Cash Growth	20.44%	16.77%	174.75%	1.31%	-53.97%	255.16%
Accounts Receivable	754.09	721.12	598.22	507.72	366.01	150.8
Other Receivables	22.6	30.89	30.57	14.54	13.58	15.99
Receivables	776.69	752.01	628.79	522.26	379.59	166.79
Inventory	1,514	1,406	1,163	1,145	910.88	352.07
Prepaid Expenses	-	19.73	2.12	-	0.13	2.65
Other Current Assets	72.31	58.71	52.75	36.92	54.91	31.81
Total Current Assets	4,009	3,788	3,175	2,188	1,823	1,590
Property, Plant & Equipment	1,493	1,512	1,450	1,206	1,077	520.21
Long-Term Investments	106.57	108.49	179.82	118.35	88.59	82.98
Goodwill	377.52	377.52	301.18	301.18	301.18	14.65
Other Intangible Assets	149.79	154.55	114.05	118.66	100.94	40.52
Long-Term Deferred Tax Assets	191.87	175.42	135.94	105.32	59.12	29.62
Long-Term Deferred Charges	132.33	140.45	130.41	126.58	128.66	26.07
Other Long-Term Assets	29.69	38.06	19.03	27.79	19.39	80.02
Total Assets	6,490	6,294	5,505	4,192	3,598	2,385
Accounts Payable	453.76	476.98	337.78	293.4	309.96	206.26
Accrued Expenses	152.19	162.29	137.12	112.85	108.68	48.04
Short-Term Debt	891.84	829.79	539.38	555.07	228.76	6
Current Portion of Long-Term Debt	153.25	78.43	52.97	47.32	19.7	-
Current Portion of Leases	-	83.55	66.88	-	31.66	25.16
Current Income Taxes Payable	57.05	48.06	47.73	25.91	19.43	10.19
Current Unearned Revenue	134.28	86.2	70.6	65.24	58.72	23.33
Other Current Liabilities	14.89	12.22	7.72	64.04	45.16	2.76
Total Current Liabilities	1,857	1,778	1,260	1,164	822.06	321.73
Long-Term Debt	1,032	969.55	951.46	229.23	170.9	-
Long-Term Leases	272.52	280.61	329.31	196.19	194.93	165.49
Long-Term Unearned Revenue	62.08	62.15	59.73	61.91	61.45	59.97
Long-Term Deferred Tax Liabilities	17.73	18.73	-	14.78	16.43	0.92
Total Liabilities	3,242	3,109	2,601	1,666	1,266	548.11
Common Stock	212.1	212.1	210.96	150.39	106.98	74.34
Additional Paid-In Capital	1,766	1,758	1,676	1,689	1,634	1,326
Retained Earnings	1,105	1,038	846.42	663.17	573.65	419.4
Comprehensive Income & Other	125.98	128.67	144.26	6.64	5.55	2.25
Total Common Equity	3,209	3,136	2,878	2,509	2,320	1,822
Minority Interest	38.71	49.69	26.38	17.2	12.05	14.13
Shareholders' Equity	3,248	3,186	2,904	2,526	2,332	1,836
Total Liabilities & Equity	6,490	6,294	5,505	4,192	3,598	2,385
Total Debt	2,350	2,242	1,940	1,028	645.95	196.66
Net Cash (Debt)	-703.34	-690.43	-611.3	-544.2	-168.59	840.52
Net Cash Growth	-	-	-	-	-	290.72%
Net Cash Per Share	-3.30	-3.25	-2.91	-2.60	-0.83	4.72
Filing Date Shares Outstanding	212.1	212.1	210.96	210.54	209.69	203.99
Total Common Shares Outstanding	212.1	212.1	210.96	210.54	209.69	203.99
Working Capital	2,152	2,010	1,915	1,024	1,001	1,269
Book Value Per Share	15.13	14.79	13.64	11.92	11.06	8.93
Tangible Book Value	2,682	2,604	2,463	2,089	1,918	1,767
Tangible Book Value Per Share	12.64	12.28	11.67	9.92	9.15	8.66
Buildings	-	365.79	369.09	330.72	314.38	145.63
Machinery	-	937.85	805.07	741.14	433.98	125.48
Construction In Progress	-	281.55	272.75	152.13	246.82	115.85

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