SHA:688178 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	129.27	-	121.51	144.34	295.2	376.55
Short-Term Investments	-	-	10.89	-	-	-
Trading Asset Securities	87.94	-	20.07	60.43	86.42	15.01
Cash & Short-Term Investments	217.21	157.3	152.47	204.76	381.62	391.56
Cash Growth	-27.06%	3.16%	-25.54%	-46.34%	-2.54%	-29.72%
Accounts Receivable	710.03	-	857.41	1,024	1,209	1,248
Other Receivables	28.64	-	18.82	25.8	28.63	19.24
Receivables	738.67	-	876.23	1,049	1,238	1,267
Inventory	89.29	-	48.63	50.11	12.69	33.68
Prepaid Expenses	-	-	-	-	0.65	-
Other Current Assets	108.84	-	48.5	90.41	25.74	24.71
Total Current Assets	1,154	-	1,126	1,395	1,658	1,717
Property, Plant & Equipment	177.68	-	178.4	231.79	242.05	195.94
Long-Term Investments	12.87	-	11.42	27.76	33.2	35.55
Goodwill	-	-	0.79	0.79	0.05	-
Other Intangible Assets	696.91	-	471.72	403.23	134.34	99.54
Long-Term Deferred Tax Assets	79.56	-	56.27	46.53	26.2	19.27
Long-Term Deferred Charges	28.23	-	33.55	35.96	29.55	33.79
Other Long-Term Assets	30.41	-	197.71	47.54	27.65	41.71
Total Assets	2,180	-	2,076	2,188	2,152	2,143
Accounts Payable	416.81	-	370.3	444.41	406.89	477.09
Accrued Expenses	12.02	-	29.99	40.81	39.17	55.01
Short-Term Debt	110.27	-	140.76	194.96	232.51	209.62
Current Portion of Long-Term Debt	66.41	-	25.98	37.36	4.06	6.73
Current Portion of Leases	-	-	0.77	0.72	-	1.24
Current Income Taxes Payable	7.23	-	0.32	0.38	0.24	7.38
Current Unearned Revenue	70.7	-	24.49	22.83	49.11	83.31
Other Current Liabilities	84.28	-	89.85	118.02	103.86	57.7
Total Current Liabilities	767.72	-	682.46	859.5	835.84	898.08
Long-Term Debt	341.02	-	277.35	138.5	36	10
Long-Term Leases	0.31	-	0.68	0.51	-	0.42
Long-Term Unearned Revenue	63.34	-	30.31	31.01	31	31.23
Long-Term Deferred Tax Liabilities	1.11	-	1.72	4.03	3.69	0
Other Long-Term Liabilities	28.16	-	11.32	12.17	4.26	6.2
Total Liabilities	1,202	-	1,004	1,046	910.8	945.94
Common Stock	85	-	85.13	85.28	85.25	85
Additional Paid-In Capital	674.19	-	675.46	679.7	677.98	674.85
Retained Earnings	172.05	-	276.25	350.45	459.25	436.89
Treasury Stock	-	-	-1.39	-2.83	-2.51	-
Comprehensive Income & Other	-2.55	-	-2.55	-2.41	-	-
Total Common Equity	928.69	996.01	1,033	1,110	1,220	1,197
Minority Interest	49.31	-	38.94	32.4	20.75	0
Shareholders' Equity	978	1,032	1,072	1,143	1,241	1,197
Total Liabilities & Equity	2,180	-	2,076	2,188	2,152	2,143
Total Debt	518.01	511.01	445.55	372.05	272.57	228.01
Net Cash (Debt)	-300.8	-353.71	-293.08	-167.28	109.05	163.55
Net Cash Growth	-	-	-	-	-33.32%	-69.44%
Net Cash Per Share	-3.54	-4.16	-3.45	-1.97	1.28	1.92
Filing Date Shares Outstanding	84.97	85	85.13	85.28	85.25	85
Total Common Shares Outstanding	84.97	85	85.13	85.28	85.25	85
Working Capital	386.29	-	443.36	535.21	822.63	818.8
Book Value Per Share	10.93	11.72	12.13	13.02	14.31	14.08
Tangible Book Value	231.78	284.18	560.39	706.17	1,086	1,097
Tangible Book Value Per Share	2.73	3.34	6.58	8.28	12.73	12.91
Buildings	-	-	126.04	126.04	126.04	85.83
Machinery	-	-	144.28	185.01	141.25	108.5
Construction In Progress	-	-	16.94	13.15	33.76	38.96

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