SHA:688175 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	1,018	227.18	305.85	530.89	316.79	263.16
Short-Term Investments	95	362.04	-	-	-	-
Trading Asset Securities	271.44	901.34	931.8	889.67	1,246	266.48
Cash & Short-Term Investments	1,384	1,491	1,238	1,421	1,563	529.64
Cash Growth	47.81%	20.43%	-12.88%	-9.12%	195.12%	14.21%
Accounts Receivable	213.55	175.41	210.04	206.7	222.41	103.01
Other Receivables	11.25	10.81	2.82	2.39	2.78	3.62
Receivables	224.79	186.22	212.86	209.09	225.19	106.62
Inventory	129.18	107.62	127.48	114.3	115.67	202.67
Prepaid Expenses	-	-	-	-	-	3.38
Other Current Assets	70.73	8.08	11.09	15.18	12.46	9.37
Total Current Assets	1,809	1,792	1,589	1,759	1,916	851.69
Property, Plant & Equipment	20.29	22.05	32.16	34.63	41.29	36.08
Long-Term Investments	-	20.12	311.14	7.81	7.26	-
Other Intangible Assets	3.46	10.16	7.92	8.64	8.7	6.62
Long-Term Deferred Tax Assets	32.07	28.96	26.24	38.9	29.62	18.46
Long-Term Deferred Charges	0.03	0.04	0.45	2.35	4.74	4.34
Other Long-Term Assets	34.12	2.57	0.39	215.5	0.32	0.52
Total Assets	1,899	1,876	1,967	2,067	2,008	917.7
Accounts Payable	48.01	59.56	68.35	64.73	59.11	33.06
Accrued Expenses	6.15	13.9	24.41	21.73	27.69	38.4
Current Portion of Leases	-	6.44	5.05	3.8	3.39	3.2
Current Income Taxes Payable	2.93	-	0.82	3.34	9.45	6.62
Current Unearned Revenue	85.26	55.33	58.34	70.15	42.77	133.1
Other Current Liabilities	21.05	8.61	11.49	14.83	12.38	9.83
Total Current Liabilities	163.4	143.84	168.45	178.59	154.79	224.21
Long-Term Leases	0.57	0.32	2.15	0.08	1.21	4.97
Long-Term Unearned Revenue	4.88	4.93	13.15	16.38	6.2	2.19
Long-Term Deferred Tax Liabilities	-	-	-	-	1.83	0.98
Other Long-Term Liabilities	-	1.4	-	-	-	-
Total Liabilities	168.85	150.49	183.75	195.05	164.02	232.34
Common Stock	129.32	129.32	129.32	92.91	92.91	69.68
Additional Paid-In Capital	1,467	1,467	1,470	1,515	1,506	411.12
Retained Earnings	143.47	139.52	194.36	265.22	247.04	205.07
Comprehensive Income & Other	-8.5	-8.5	-8.5	-0.58	-0.24	-
Total Common Equity	1,731	1,727	1,785	1,873	1,845	685.87
Minority Interest	-1.21	-1.2	-1.13	-1.04	-0.92	-0.51
Shareholders' Equity	1,730	1,726	1,784	1,872	1,844	685.36
Total Liabilities & Equity	1,899	1,876	1,967	2,067	2,008	917.7
Total Debt	0.57	6.76	7.21	3.88	4.6	8.17
Net Cash (Debt)	1,383	1,484	1,230	1,417	1,558	521.47
Net Cash Growth	48.83%	20.59%	-13.15%	-9.10%	198.86%	12.45%
Net Cash Per Share	10.56	11.33	9.42	10.77	12.84	5.36
Filing Date Shares Outstanding	129.32	129.32	129.32	130.07	130.07	97.55
Total Common Shares Outstanding	129.32	129.32	129.32	130.07	130.07	97.55
Working Capital	1,645	1,649	1,421	1,581	1,762	627.49
Book Value Per Share	13.39	13.36	13.80	14.40	14.19	7.03
Tangible Book Value	1,728	1,717	1,777	1,864	1,837	679.25
Tangible Book Value Per Share	13.36	13.28	13.74	14.33	14.12	6.96
Buildings	-	43.84	43.71	43.32	43.32	43.32
Machinery	-	82.32	83.87	77.09	76.77	59

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