SHA:688179 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	514.52	697.43	466.8	522.54	570.71	349.18
Trading Asset Securities	195.53	193.54	41.99	53.12	51.66	50.35
Cash & Short-Term Investments	710.04	890.97	508.79	575.65	622.37	399.53
Cash Growth	41.84%	75.11%	-11.62%	-7.51%	55.78%	-27.47%
Accounts Receivable	209.06	104.68	66.93	46.05	46.17	23.75
Other Receivables	21.91	83.14	7.4	25.68	2.62	2.09
Receivables	230.98	187.82	74.33	71.73	48.8	25.84
Inventory	560.61	531.45	528.26	442.43	374.72	180.99
Other Current Assets	33.64	17.75	23.44	31	78.19	28.78
Total Current Assets	1,535	1,628	1,135	1,121	1,124	635.14
Property, Plant & Equipment	392.03	388.09	342.36	295.07	252.76	192.64
Long-Term Investments	96.84	54.95	2.45	2.51	-	-
Goodwill	319.62	319.62	118.09	-	-	-
Other Intangible Assets	112.76	115.97	39.09	36.03	37.3	21.18
Long-Term Deferred Tax Assets	18.01	18.3	10.39	6.53	4.67	1.86
Long-Term Deferred Charges	3.29	3.18	4.28	1.86	3.22	0.02
Other Long-Term Assets	129.34	128.06	126.95	42.74	56.79	81.25
Total Assets	2,607	2,656	1,778	1,506	1,479	932.1
Accounts Payable	226.63	298.96	44.91	56.65	100.97	32.17
Accrued Expenses	22.23	46.14	12.77	11.94	17.11	11.03
Short-Term Debt	70.23	52.51	33.73	2.45	-	-
Current Portion of Long-Term Debt	53.76	51.49	9.72	2.16	-	-
Current Portion of Leases	-	8.46	9.09	9.91	8.26	3.72
Current Income Taxes Payable	8.9	15.25	2.9	4.69	9.13	0.01
Current Unearned Revenue	53.46	54.93	27.19	20.05	18.4	12.9
Other Current Liabilities	281.32	270.76	80.21	1.8	1.57	1.42
Total Current Liabilities	716.52	798.49	220.52	109.65	155.44	61.24
Long-Term Debt	644.27	646.78	379.02	339.42	325.96	-
Long-Term Leases	22.14	14.18	11.18	4.51	7.39	9.18
Long-Term Unearned Revenue	3.24	3.26	3.06	3.15	3.23	3.31
Long-Term Deferred Tax Liabilities	31.96	30.57	21.46	12.41	12.02	0.05
Total Liabilities	1,418	1,493	635.25	469.15	504.03	73.79
Common Stock	333.49	332.61	277.39	198.13	141.31	100.93
Additional Paid-In Capital	196.1	185.21	385.81	464.4	511.18	539.13
Retained Earnings	412.91	406.75	359.9	320.58	270.13	218.1
Treasury Stock	-12.2	-12.2	-12.2	-	-	-
Comprehensive Income & Other	56.95	56.94	55.17	53.3	52.17	0.16
Total Common Equity	987.25	969.31	1,066	1,036	974.8	858.32
Minority Interest	201.79	193.59	77.1	-	-	-
Shareholders' Equity	1,189	1,163	1,143	1,036	974.8	858.32
Total Liabilities & Equity	2,607	2,656	1,778	1,506	1,479	932.1
Total Debt	790.4	773.41	442.75	358.46	341.61	12.9
Net Cash (Debt)	-80.36	117.56	66.04	217.19	280.77	386.63
Net Cash Growth	-	78.01%	-69.59%	-22.64%	-27.38%	-29.65%
Net Cash Per Share	-0.24	0.36	0.19	0.72	0.81	1.17
Filing Date Shares Outstanding	332.19	331.3	331.3	332.86	332.36	332.35
Total Common Shares Outstanding	332.19	331.3	331.3	332.86	332.36	332.35
Working Capital	818.76	829.51	914.31	1,011	968.65	573.9
Book Value Per Share	2.97	2.93	3.22	3.11	2.93	2.58
Tangible Book Value	554.87	533.72	908.89	1,000	937.5	837.14
Tangible Book Value Per Share	1.67	1.61	2.74	3.01	2.82	2.52
Land	-	7.49	-	-	-	-
Buildings	-	309.27	203.93	184.84	175.28	171.12
Machinery	-	128.6	113.38	106.45	87.36	37.26
Construction In Progress	-	14.16	84.38	48.91	19.07	4.78

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