SHA:688172 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	3,202	3,489	9,409	5,316	9,029	6,664
Short-Term Investments	-	-	103.3	-	-	-
Trading Asset Securities	3,422	4,764	250.34	2,003	-	-
Cash & Short-Term Investments	6,624	8,253	9,763	7,318	9,029	6,664
Cash Growth	-8.72%	-15.47%	33.40%	-18.95%	35.49%	250.59%
Accounts Receivable	1,758	1,788	1,739	1,715	1,283	1,063
Other Receivables	6.01	6.34	354.03	146.41	58.69	193.66
Receivables	1,764	1,795	2,093	1,861	1,342	1,256
Inventory	1,005	862.36	881.03	848.47	981.35	755.12
Other Current Assets	1,161	743.6	37.72	49.83	64.5	26.54
Total Current Assets	10,554	11,654	12,774	10,078	11,417	8,702
Property, Plant & Equipment	24,762	19,807	9,988	7,250	5,457	3,726
Long-Term Investments	184.13	172.11	225.6	319.34	110.02	52.67
Other Intangible Assets	609.98	610.73	556.78	192.75	200.71	209.09
Long-Term Deferred Tax Assets	483.22	485.11	257.34	135.55	87.79	67.05
Long-Term Deferred Charges	94.81	96.39	0.27	0.18	0.5	0.78
Other Long-Term Assets	3,296	4,266	258.26	508.51	552.4	314.85
Total Assets	39,984	37,091	24,060	18,484	17,825	13,073
Accounts Payable	2,063	2,777	2,747	608.32	479.02	571.85
Accrued Expenses	211.97	311.03	186.28	142.45	125.77	83.89
Short-Term Debt	118.37	129.31	168.77	190.01	105.12	61.52
Current Portion of Long-Term Debt	200.13	196.77	217.05	117.84	0.59	1.2
Current Portion of Leases	-	-	1.9	0.65	-	-
Current Income Taxes Payable	35.83	60.34	12.95	5.44	2.43	9.06
Current Unearned Revenue	10.13	8.89	5.01	16	65.91	53.29
Other Current Liabilities	115.34	183.23	797.83	827.9	743.86	281.66
Total Current Liabilities	2,754	3,667	4,137	1,909	1,523	1,062
Long-Term Debt	6,516	2,931	749.44	890.8	1,096	1,060
Long-Term Leases	31.34	8.99	7.01	1.01	-	-
Long-Term Unearned Revenue	1,478	1,602	793.63	609.46	593.71	537.45
Long-Term Deferred Tax Liabilities	88.9	89.11	77.84	66.59	56.13	31.26
Other Long-Term Liabilities	0.53	0.53	0.53	0.52	31.84	78.78
Total Liabilities	10,870	8,299	5,765	3,477	3,301	2,770
Common Stock	1,428	1,428	1,203	1,199	1,199	1,019
Additional Paid-In Capital	16,172	16,077	12,192	12,152	12,093	8,517
Retained Earnings	615.49	874.53	1,282	1,508	1,056	594
Treasury Stock	-50	-50	-	-	-	-
Comprehensive Income & Other	2.62	1.61	0.89	0.01	0.16	-0.01
Total Common Equity	18,168	18,330	14,678	14,859	14,349	10,130
Minority Interest	10,946	10,462	3,617	148.31	175.25	173
Shareholders' Equity	29,114	28,792	18,295	15,007	14,524	10,303
Total Liabilities & Equity	39,984	37,091	24,060	18,484	17,825	13,073
Total Debt	6,866	3,266	1,144	1,200	1,202	1,123
Net Cash (Debt)	-241.83	4,987	8,619	6,118	7,827	5,541
Net Cash Growth	-	-42.14%	40.87%	-21.83%	41.25%	337.74%
Net Cash Per Share	-0.17	3.79	7.26	5.14	7.62	7.85
Filing Date Shares Outstanding	1,439	1,242	1,203	1,199	1,199	1,019
Total Common Shares Outstanding	1,439	1,242	1,203	1,199	1,199	1,019
Working Capital	7,800	7,987	8,638	8,169	9,894	7,639
Book Value Per Share	12.62	14.76	12.20	12.39	11.97	9.94
Tangible Book Value	17,558	17,720	14,121	14,666	14,148	9,921
Tangible Book Value Per Share	12.20	14.27	11.74	12.23	11.80	9.73
Buildings	-	-	825.28	822.94	823.07	843.99
Machinery	-	-	6,670	3,847	3,524	2,799
Construction In Progress	-	-	4,228	3,917	2,134	856.38

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