SHA:688155 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	407.51	810.78	785.59	344.19	507.77	407.47
Short-Term Investments	-	49.52	114.46	-	-	-
Trading Asset Securities	3.16	0.57	-	-	2.72	230.2
Cash & Short-Term Investments	410.67	860.86	900.05	344.19	510.49	637.67
Cash Growth	-49.01%	-4.35%	161.50%	-32.58%	-19.95%	-19.48%
Accounts Receivable	1,786	1,598	1,452	1,807	1,933	746.61
Other Receivables	18.99	8.71	16.56	13.56	14.78	13.53
Receivables	1,805	1,607	1,469	1,821	1,948	760.13
Inventory	1,774	1,699	974.32	741.14	663.57	332.97
Prepaid Expenses	-	1.85	4.9	2.16	2.88	-
Other Current Assets	298.72	126.27	101.8	23.31	67.51	47.73
Total Current Assets	4,289	4,294	3,450	2,932	3,192	1,779
Property, Plant & Equipment	946.07	937.89	879.35	770.29	491.74	199.96
Long-Term Investments	-	-	-	7.22	8.89	-
Goodwill	629.6	629.6	629.6	629.6	629.6	-
Other Intangible Assets	123.66	125.73	132.91	139.26	143.97	86.47
Long-Term Accounts Receivable	-	15.77	5.47	1.77	-	-
Long-Term Deferred Tax Assets	88.24	83.28	85.53	97.7	90.33	27.7
Long-Term Deferred Charges	5.24	5.29	5.84	-	-	-
Other Long-Term Assets	41.51	8.99	3.39	8.07	10.47	6.42
Total Assets	6,123	6,101	5,192	4,586	4,567	2,099
Accounts Payable	1,123	1,030	800.18	665.58	912.6	528.61
Accrued Expenses	12.19	267.77	128.78	112.29	144.25	40.43
Short-Term Debt	411.56	502.54	559.62	1,016	792.28	0.49
Current Portion of Long-Term Debt	29.83	17.31	37.27	62.48	12.01	-
Current Portion of Leases	-	10.73	14.07	14.65	18.22	10.57
Current Income Taxes Payable	124.44	41.6	2.83	13.35	15.78	7.99
Current Unearned Revenue	1,292	1,244	763.37	356.21	409.88	190.65
Other Current Liabilities	74.23	148.39	116.46	179.15	557.15	94.34
Total Current Liabilities	3,067	3,262	2,423	2,419	2,862	873.1
Long-Term Debt	132.41	120.91	287.43	548.93	241.82	-
Long-Term Leases	30.27	23.23	13.86	26.62	30.9	9.52
Long-Term Unearned Revenue	68.13	63.85	57.61	47.59	33.8	3.12
Pension & Post-Retirement Benefits	-	-	-	6.59	-	-
Long-Term Deferred Tax Liabilities	19.69	16.94	13.17	13.1	15.53	0.29
Other Long-Term Liabilities	35.99	30.99	29.41	25.52	14.33	6.07
Total Liabilities	3,354	3,518	2,824	3,088	3,199	892.09
Common Stock	126.44	126.44	125.05	76.68	76.68	75.99
Additional Paid-In Capital	1,549	1,548	1,494	919.31	919.44	880.54
Retained Earnings	768.31	614.77	339.22	180.51	140.55	234.98
Comprehensive Income & Other	11.08	19.08	-0.29	1.99	-0.55	-1.69
Total Common Equity	2,455	2,308	1,958	1,178	1,136	1,190
Minority Interest	314.21	274.74	410.23	319.21	232.63	17.15
Shareholders' Equity	2,769	2,583	2,368	1,498	1,369	1,207
Total Liabilities & Equity	6,123	6,101	5,192	4,586	4,567	2,099
Total Debt	604.07	674.73	912.25	1,668	1,095	20.58
Net Cash (Debt)	-193.4	186.13	-12.2	-1,324	-584.74	617.09
Net Cash Growth	-	-	-	-	-	-22.08%
Net Cash Per Share	-1.54	1.49	-0.10	-12.26	-5.48	5.79
Filing Date Shares Outstanding	126.9	126.44	125.05	107.35	107.35	106.38
Total Common Shares Outstanding	126.9	126.44	125.05	107.35	107.35	106.38
Working Capital	1,222	1,032	1,027	512.13	330.12	905.4
Book Value Per Share	19.35	18.25	15.65	10.98	10.58	11.18
Tangible Book Value	1,702	1,552	1,195	409.62	362.55	1,103
Tangible Book Value Per Share	13.41	12.28	9.56	3.82	3.38	10.37
Buildings	-	765.34	724.94	340.22	192.04	127.39
Machinery	-	259.49	215.46	189.16	167.16	59.13
Construction In Progress	-	28	16.17	274.35	133.67	7.63

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