SHA:688186 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	961.7	796.99	811.51	570.6	1,479	781.71
Trading Asset Securities	-	-	-	-	0.06	32.65
Cash & Short-Term Investments	961.7	796.99	811.51	570.6	1,479	814.36
Cash Growth	60.44%	-1.79%	42.22%	-61.42%	81.64%	81.25%
Accounts Receivable	2,865	3,036	2,246	2,229	1,886	1,194
Other Receivables	10.8	9.37	10.68	10.79	13.71	21.59
Receivables	2,876	3,045	2,256	2,240	1,899	1,230
Inventory	2,616	2,662	2,353	2,028	1,976	1,508
Prepaid Expenses	-	-	0.19	0.19	0.19	0.54
Other Current Assets	98.61	84.03	116.11	118.91	249.76	185.15
Total Current Assets	6,552	6,588	5,537	4,958	5,605	3,738
Property, Plant & Equipment	5,308	5,194	5,253	5,035	4,334	3,253
Goodwill	21.31	21.31	21.31	21.31	24.39	24.39
Other Intangible Assets	509.06	512.66	525.89	537.9	402.05	395.37
Long-Term Accounts Receivable	-	-	22.42	-	-	-
Long-Term Deferred Tax Assets	53.51	45.08	54.44	53.7	44.56	27.94
Long-Term Deferred Charges	40.79	40.43	29.11	32.42	30.32	31.99
Other Long-Term Assets	35.6	36.04	20.46	22.09	23.73	25.36
Total Assets	12,520	12,438	11,464	10,660	10,464	7,496
Accounts Payable	2,528	2,537	2,473	2,346	2,624	1,907
Accrued Expenses	24.5	37.51	33.51	42.19	27.6	35.44
Short-Term Debt	833.97	1,020	874.08	674.76	809.3	1,106
Current Portion of Long-Term Debt	1,093	683.44	496.31	277.17	455.58	371.48
Current Portion of Leases	-	-	-	-	-	6.71
Current Income Taxes Payable	27.3	11.52	6.66	1.78	14.1	6.91
Current Unearned Revenue	19.9	9.71	53.31	18.21	14.12	10.63
Other Current Liabilities	130.27	181.01	152.56	24.16	17.82	12.81
Total Current Liabilities	4,656	4,480	4,089	3,384	3,963	3,457
Long-Term Debt	2,654	2,776	3,333	3,344	2,672	568.78
Long-Term Leases	-	-	-	-	17.16	14.38
Long-Term Unearned Revenue	35.84	31.78	44.94	44.26	42.8	-
Long-Term Deferred Tax Liabilities	-	-	-	-	0.69	0.99
Other Long-Term Liabilities	36.81	36.81	-	-	-	-
Total Liabilities	7,383	7,325	7,467	6,772	6,695	4,041
Common Stock	280.49	280.49	214.24	214.24	214.24	214.24
Additional Paid-In Capital	3,885	3,885	2,457	2,457	2,457	2,457
Retained Earnings	807.84	802.58	673.17	582.1	483.6	434.22
Treasury Stock	-285.86	-285.86	-	-	-	-
Comprehensive Income & Other	40.68	37.77	282.97	279.33	273.76	20.07
Total Common Equity	4,728	4,720	3,627	3,533	3,429	3,125
Minority Interest	409.78	393.66	369.09	355.21	339.72	329.77
Shareholders' Equity	5,138	5,113	3,996	3,888	3,768	3,455
Total Liabilities & Equity	12,520	12,438	11,464	10,660	10,464	7,496
Total Debt	4,581	4,480	4,704	4,295	3,954	2,067
Net Cash (Debt)	-3,619	-3,683	-3,892	-3,725	-2,475	-1,253
Net Cash Per Share	-14.82	-15.92	-16.64	-16.03	-11.54	-6.76
Filing Date Shares Outstanding	263.32	240.67	214.24	214.24	214.24	214.24
Total Common Shares Outstanding	263.32	240.67	214.24	214.24	214.24	214.24
Working Capital	1,896	2,108	1,448	1,573	1,642	281.17
Book Value Per Share	17.95	19.61	16.93	16.49	16.00	14.59
Tangible Book Value	4,197	4,186	3,080	2,973	3,002	2,706
Tangible Book Value Per Share	15.94	17.39	14.38	13.88	14.01	12.63
Buildings	-	-	1,955	1,852	1,199	1,004
Machinery	-	-	3,667	3,016	131.33	1,312
Construction In Progress	-	-	917.18	1,135	2,195	1,461

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