SHA:688147 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	2,519	3,348	1,581	1,154	1,757	120.06
Short-Term Investments	-	-	89.74	1,214	251.66	248.19
Trading Asset Securities	1,559	420.29	310.91	10.41	10.1	247.38
Cash & Short-Term Investments	4,077	3,768	1,982	2,378	2,019	615.62
Cash Growth	103.12%	90.12%	-16.66%	17.77%	227.97%	24.75%
Accounts Receivable	1,036	1,082	1,114	884.02	578.4	209.87
Other Receivables	6.25	8.46	8.39	11.37	12.39	5.55
Receivables	1,043	1,091	1,123	895.4	590.79	215.42
Inventory	3,039	3,109	3,723	3,217	975.38	402.97
Other Current Assets	156.37	168.78	258.94	325.41	114.14	42.32
Total Current Assets	8,316	8,137	7,086	6,816	3,699	1,276
Property, Plant & Equipment	782.83	798.32	571.18	399.94	46.23	49.61
Long-Term Investments	60	60	54	54	4	4
Other Intangible Assets	41.37	48.39	76.87	6.61	8.03	8.21
Long-Term Deferred Tax Assets	205.22	206.22	166.98	94.36	21.34	10.41
Long-Term Deferred Charges	463.07	414.86	302.91	147.15	0.74	7.95
Other Long-Term Assets	3.52	4.66	2.85	63.83	40.41	0.42
Total Assets	9,872	9,669	8,261	7,582	3,820	1,357
Accounts Payable	791.68	877.31	1,284	2,033	753.28	196.84
Accrued Expenses	135.11	151.46	150.28	190.12	104.33	33.75
Short-Term Debt	1,154	963.37	1,362	544.5	292.36	66.54
Current Portion of Long-Term Debt	569.64	323.52	20.02	-	-	11.99
Current Portion of Leases	-	-	30.45	25.05	2.72	3.6
Current Income Taxes Payable	34.12	40.66	61.41	62.08	2.72	-
Current Unearned Revenue	1,915	1,957	2,054	1,958	625.23	124.59
Other Current Liabilities	126.98	109.25	102.69	175.97	40.58	8.93
Total Current Liabilities	4,726	4,422	5,065	4,989	1,821	446.24
Long-Term Debt	1,646	1,782	186.54	-	-	-
Long-Term Leases	173.95	188.41	193.93	145.19	-	9.88
Long-Term Unearned Revenue	243.3	247.43	182.12	74.32	26.88	11.09
Long-Term Deferred Tax Liabilities	42.67	43.12	31.55	23.77	0.41	0.08
Other Long-Term Liabilities	28.07	22.09	6.98	5.69	8.84	6.11
Total Liabilities	6,860	6,705	5,666	5,238	1,857	473.41
Common Stock	461.16	461.16	457.68	454.46	454.46	409.01
Additional Paid-In Capital	1,721	1,695	1,578	1,445	1,333	353.8
Retained Earnings	853.92	832.9	633.11	445.24	174.84	120.69
Treasury Stock	-109.55	-109.55	-72.91	-	-	-
Comprehensive Income & Other	84.89	84.89	-	-	-	-
Shareholders' Equity	3,011	2,964	2,595	2,344	1,963	883.5
Total Liabilities & Equity	9,872	9,669	8,261	7,582	3,820	1,357
Total Debt	3,543	3,257	1,793	714.73	295.08	92.02
Net Cash (Debt)	534.12	510.75	188.75	1,663	1,724	523.61
Net Cash Growth	-	170.59%	-88.65%	-3.52%	229.25%	15.46%
Net Cash Per Share	1.09	1.07	0.41	3.57	4.14	1.25
Filing Date Shares Outstanding	460.92	472.69	453.97	454.46	454.46	409.01
Total Common Shares Outstanding	460.92	472.69	455.42	454.46	454.46	409.01
Working Capital	3,589	3,715	2,022	1,828	1,878	830.08
Book Value Per Share	6.53	6.27	5.70	5.16	4.32	2.16
Tangible Book Value	2,970	2,916	2,519	2,338	1,955	875.29
Tangible Book Value Per Share	6.44	6.17	5.53	5.14	4.30	2.14
Machinery	-	-	361	208.85	55.08	42.29
Construction In Progress	-	-	7.93	8.52	-	0.46
Order Backlog	-	-	6,772	-	-	-

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