SHA:688181 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	172.15	228.63	164.82	273.85	231.3	222.07
Trading Asset Securities	316.66	356.55	357.07	337.47	618.88	787.01
Cash & Short-Term Investments	488.8	585.18	521.89	611.32	850.18	1,009
Cash Growth	5.22%	12.13%	-14.63%	-28.09%	-15.75%	-12.64%
Accounts Receivable	299.2	265.86	173.5	180.09	228.01	210.91
Other Receivables	17.73	19.17	2.84	3	2.54	4.9
Receivables	316.93	285.04	176.34	183.09	230.54	215.82
Inventory	401.83	390.43	314.56	251.84	312.46	264.42
Prepaid Expenses	-	-	6.1	0.33	0.46	0.01
Other Current Assets	112.22	84.07	57.17	64.89	30.56	7.54
Total Current Assets	1,320	1,345	1,076	1,111	1,424	1,497
Property, Plant & Equipment	1,659	1,660	1,507	1,339	614.16	425.03
Long-Term Investments	57.12	57.12	54.83	60.26	62.83	49.87
Other Intangible Assets	214.34	216.02	216.06	216.24	198.4	122.1
Long-Term Deferred Tax Assets	10.29	10.09	9.11	8.98	9.66	8.81
Long-Term Deferred Charges	1.26	1.88	3.93	6.3	8.3	10.73
Other Long-Term Assets	24.98	22.94	47.96	59.98	111.44	44.48
Total Assets	3,287	3,312	2,915	2,802	2,429	2,158
Accounts Payable	330.4	378.04	199.29	199.76	177.83	133.14
Accrued Expenses	12.29	20.8	58.24	45.12	55.54	56.67
Short-Term Debt	404.94	452.17	228.14	95.13	62.37	2
Current Portion of Long-Term Debt	30.13	36.7	4.88	-	-	-
Current Portion of Leases	-	-	3.68	3.72	3.61	5.44
Current Income Taxes Payable	21.4	22.04	3.31	9.75	11.96	7.21
Current Unearned Revenue	0.16	0.6	0.46	0.04	0.13	0.01
Other Current Liabilities	40.85	39.3	209.18	238.06	84.67	66.16
Total Current Liabilities	840.16	949.64	707.18	591.58	396.11	270.62
Long-Term Debt	281.75	188.95	75.2	88.65	-	-
Long-Term Leases	0.94	0.34	0.31	4.01	7.75	16.93
Long-Term Unearned Revenue	38.85	35.08	14.19	15.74	14.1	18.96
Long-Term Deferred Tax Liabilities	27.87	28.41	20.71	16.94	19.47	14.7
Total Liabilities	1,190	1,202	817.59	716.92	437.43	321.21
Common Stock	134.48	134.48	134.48	134.48	96.47	96.47
Additional Paid-In Capital	1,131	1,131	1,135	1,178	1,211	1,211
Retained Earnings	987.1	962.35	881.28	815.57	739.17	535.27
Treasury Stock	-163.2	-126.54	-63.17	-60.01	-60.01	-
Comprehensive Income & Other	-0.47	-0.26	-1.92	2.82	5.17	-5.82
Total Common Equity	2,089	2,101	2,086	2,071	1,992	1,837
Minority Interest	8.63	9.01	12.03	14.55	-	-
Shareholders' Equity	2,098	2,110	2,098	2,085	1,992	1,837
Total Liabilities & Equity	3,287	3,312	2,915	2,802	2,429	2,158
Total Debt	717.76	678.15	312.22	191.5	73.73	24.37
Net Cash (Debt)	-228.96	-92.98	209.67	419.82	776.45	984.7
Net Cash Growth	-	-	-50.06%	-45.93%	-21.15%	-11.85%
Net Cash Per Share	-1.76	-0.71	1.56	3.14	5.83	7.28
Filing Date Shares Outstanding	130.25	132.43	132.96	133.03	133.03	135.06
Total Common Shares Outstanding	130.25	132.43	132.96	133.03	133.03	135.06
Working Capital	479.62	395.07	368.88	519.89	1,028	1,226
Book Value Per Share	16.04	15.86	15.69	15.57	14.97	13.60
Tangible Book Value	1,875	1,885	1,870	1,854	1,793	1,715
Tangible Book Value Per Share	14.39	14.23	14.06	13.94	13.48	12.69
Buildings	-	-	668.36	321.78	182.75	182.75
Machinery	-	-	320.48	276.47	269.21	251.42
Construction In Progress	-	-	764.13	934.71	314.15	89.09

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.