SHA:688150 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	872.12	439.72	583.17	206.11	325.51	182.44
Trading Asset Securities	-	471.36	481.95	693.5	748.64	57.36
Cash & Short-Term Investments	872.12	911.08	1,065	899.61	1,074	239.8
Cash Growth	-16.04%	-14.46%	18.40%	-16.25%	347.93%	64.51%
Accounts Receivable	157.81	144.74	133.21	104.81	76.96	128.59
Other Receivables	0.17	0.02	0.02	0.04	0.08	0.12
Receivables	157.97	144.76	133.23	104.85	77.04	128.71
Inventory	160.15	144.71	85.93	97.42	74.02	42.43
Prepaid Expenses	-	-	-	-	2.56	-
Other Current Assets	9.09	8.64	11.62	25.3	14.97	24.94
Total Current Assets	1,199	1,209	1,296	1,127	1,243	435.89
Property, Plant & Equipment	818.14	806.61	738.61	654.03	574.17	497.25
Long-Term Investments	135.35	129.99	-	-	-	-
Other Intangible Assets	44.11	46.05	52.69	59.23	69.4	78.49
Long-Term Deferred Tax Assets	1.77	1.6	1.55	13.22	6.77	4.59
Long-Term Deferred Charges	30.26	31.57	27.19	6.94	7.66	9.68
Other Long-Term Assets	49.52	22.36	2.15	82.05	7.77	2.75
Total Assets	2,278	2,247	2,118	1,943	1,909	1,029
Accounts Payable	81.38	84.28	83.32	89.55	78.34	87.12
Accrued Expenses	7.49	11.82	17.44	15.21	18.2	13.87
Short-Term Debt	-	-	53.05	-	-	10.01
Current Portion of Long-Term Debt	17.36	17.36	12.19	6.51	13.17	13.14
Current Income Taxes Payable	10.25	5.4	-	1.42	10.2	4.15
Current Unearned Revenue	-	-	-	0.05	0.01	0.35
Other Current Liabilities	19.07	18.01	21.83	1.98	0.88	1.61
Total Current Liabilities	135.54	136.87	187.83	114.71	120.79	130.26
Long-Term Debt	139.18	139.18	121.4	116.26	87.5	75.78
Long-Term Unearned Revenue	12.42	12.69	13.8	10.08	10.46	4.42
Long-Term Deferred Tax Liabilities	16.2	19.15	3.66	2.83	1.26	-
Other Long-Term Liabilities	25.39	24.16	7.21	2.1	3.24	9.34
Total Liabilities	328.73	332.05	333.9	245.98	223.24	219.79
Common Stock	402.44	402.44	402.44	402.44	402.44	362.19
Additional Paid-In Capital	1,010	1,009	1,000	1,002	996.97	226.03
Retained Earnings	558.78	512.8	417.7	322.67	285.86	220.63
Treasury Stock	-79.04	-79.04	-36.05	-30.01	-	-
Comprehensive Income & Other	58.03	70.47	-	-	-	-
Total Common Equity	1,950	1,915	1,784	1,697	1,685	808.86
Minority Interest	-0.36	-0.03	-	-	-	-
Shareholders' Equity	1,950	1,915	1,784	1,697	1,685	808.86
Total Liabilities & Equity	2,278	2,247	2,118	1,943	1,909	1,029
Total Debt	156.53	156.53	186.64	122.77	100.66	98.93
Net Cash (Debt)	715.59	754.54	878.48	776.84	973.49	140.87
Net Cash Growth	-16.02%	-14.11%	13.08%	-20.20%	591.05%	13.67%
Net Cash Per Share	1.78	1.89	2.21	1.92	2.49	0.39
Filing Date Shares Outstanding	417.99	394.81	401.56	401.57	402.44	362.19
Total Common Shares Outstanding	417.99	394.81	401.56	401.57	402.44	362.19
Working Capital	1,064	1,072	1,108	1,012	1,122	305.63
Book Value Per Share	4.67	4.85	4.44	4.23	4.19	2.23
Tangible Book Value	1,906	1,869	1,731	1,637	1,616	730.37
Tangible Book Value Per Share	4.56	4.73	4.31	4.08	4.02	2.02
Buildings	-	-	554.65	377.3	256.15	247.23
Machinery	-	-	262.1	167.54	140.68	135.18
Construction In Progress	-	-	78.02	224.95	263.15	173.73

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