SHA:688182 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	254.29	269.33	246.83	614.29	655.85	634.93
Short-Term Investments	-	80.89	152.72	-	-	-
Trading Asset Securities	224.49	440.3	866.24	613.8	712.57	845.47
Cash & Short-Term Investments	478.77	790.52	1,266	1,228	1,368	1,480
Cash Growth	-53.26%	-37.55%	3.07%	-10.26%	-7.56%	189.88%
Accounts Receivable	351.08	355.71	180.52	140.86	134.12	129.76
Other Receivables	7.45	7.48	0.14	0.03	0.75	2.83
Receivables	358.53	363.19	180.66	140.88	134.87	132.59
Inventory	484.25	296.75	152.08	134.51	167.54	132.84
Other Current Assets	110.69	10.93	12.68	33.38	1.9	7.01
Total Current Assets	1,432	1,461	1,611	1,537	1,673	1,753
Property, Plant & Equipment	1,095	1,046	795.78	518.46	371.97	319.15
Long-Term Investments	137	136.32	4.45	152.51	137.38	4.3
Goodwill	2.73	2.73	-	-	-	-
Other Intangible Assets	95.14	95.58	97.44	100.55	101.33	102.72
Long-Term Deferred Tax Assets	22.98	18.98	13.03	12.41	14.21	11.42
Long-Term Deferred Charges	38.48	39.01	38.96	28.21	10.1	10.82
Other Long-Term Assets	27.56	8.92	6.49	1.32	9.92	0.49
Total Assets	2,852	2,809	2,567	2,350	2,318	2,202
Accounts Payable	476.09	303.89	128.81	57.01	83.85	56.43
Accrued Expenses	19.39	44.57	30.71	26.2	26.43	20.27
Short-Term Debt	18.1	27.26	-	-	-	-
Current Portion of Leases	-	1.15	0.67	-	-	-
Current Income Taxes Payable	5.86	13.59	0.19	1.78	9.15	3.96
Current Unearned Revenue	7.74	2.9	1.57	0.14	0.24	0.1
Other Current Liabilities	8.29	97.41	211.2	126.17	64.66	50.34
Total Current Liabilities	536.88	490.76	373.15	211.3	184.33	131.1
Long-Term Leases	4.33	3.16	2.54	-	-	-
Long-Term Unearned Revenue	24.87	16.32	9.51	3.62	23.14	23.67
Long-Term Deferred Tax Liabilities	0.31	0.01	0	-	-	-
Other Long-Term Liabilities	0.07	0.07	-	-	-	-
Total Liabilities	566.45	510.32	385.21	214.91	207.47	154.77
Common Stock	400	400	400	400	400	400
Additional Paid-In Capital	1,131	1,131	1,128	1,118	1,106	1,094
Retained Earnings	729.24	742.61	652.24	617.95	599.21	552.6
Total Common Equity	2,260	2,274	2,181	2,136	2,106	2,047
Minority Interest	24.8	25.21	1.52	-0.24	4.51	-
Shareholders' Equity	2,285	2,299	2,182	2,135	2,110	2,047
Total Liabilities & Equity	2,852	2,809	2,567	2,350	2,318	2,202
Total Debt	23.85	31.57	3.21	-	-	-
Net Cash (Debt)	454.93	758.95	1,263	1,228	1,368	1,480
Net Cash Growth	-54.80%	-39.89%	2.81%	-10.26%	-7.56%	204.92%
Net Cash Per Share	-	1.89	3.06	3.15	3.48	4.74
Filing Date Shares Outstanding	-	400	400	400	400	400
Total Common Shares Outstanding	-	400	400	400	400	400
Working Capital	895.36	970.61	1,238	1,326	1,488	1,622
Book Value Per Share	-	5.68	5.45	5.34	5.26	5.12
Tangible Book Value	2,162	2,175	2,083	2,035	2,004	1,944
Tangible Book Value Per Share	-	5.44	5.21	5.09	5.01	4.86
Buildings	-	627.54	282.04	191.27	154.06	156.22
Machinery	-	340.11	285.08	264.06	237.13	217.15
Construction In Progress	-	311.02	418.73	222.13	110.85	46.26

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