SHA:688188 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	2,611	2,133	2,226	2,641	2,311	2,517
Trading Asset Securities	2,916	-	2,552	1,769	1,540	35
Cash & Short-Term Investments	5,527	2,133	4,777	4,410	3,851	2,552
Cash Growth	11.47%	-55.35%	8.33%	14.52%	50.91%	10.84%
Accounts Receivable	284.28	273.61	209.77	117.36	41.04	32.75
Other Receivables	5.43	4.77	8.32	9.15	9.06	9.41
Receivables	289.71	278.37	218.08	126.51	50.1	42.16
Inventory	273.81	250.06	164.78	153.55	120.47	137.17
Prepaid Expenses	-	5.46	0.36	2.33	8.87	20.6
Other Current Assets	35.02	3,232	13.91	5.79	8.98	16.65
Total Current Assets	6,125	5,899	5,174	4,698	4,039	2,768
Property, Plant & Equipment	446.36	449.43	453.51	405.82	277.93	189.46
Long-Term Investments	69.63	69.47	63.33	51.32	18.55	12.73
Goodwill	17.66	17.66	17.66	17.66	17.66	17.66
Other Intangible Assets	104.34	105.13	108.67	110.88	113.85	91.71
Long-Term Deferred Tax Assets	47.16	58.83	52.74	44.97	24.55	29.91
Long-Term Deferred Charges	1.53	1.59	2.14	2.83	2.66	1.12
Other Long-Term Assets	4.17	2.94	5.42	3.28	10.33	37.76
Total Assets	6,816	6,604	5,878	5,335	4,505	3,149
Accounts Payable	84.9	68.85	34.94	28.52	25.56	26.15
Accrued Expenses	171.61	229.93	166.28	140.43	103.54	47.21
Short-Term Debt	9.4	20.25	2.83	-	-	-
Current Portion of Leases	1.12	1.55	1.89	2.01	2.9	4.33
Current Income Taxes Payable	42.31	12.24	16.33	23.31	7.3	1.37
Current Unearned Revenue	53.84	132.39	101.33	70.68	32.96	41.7
Other Current Liabilities	18.25	25.09	27.95	48.31	24.94	27.71
Total Current Liabilities	381.43	490.3	351.53	313.26	197.2	148.46
Long-Term Leases	1.65	1.26	2.18	2.88	2.85	0.96
Long-Term Deferred Tax Liabilities	0.31	0.13	0.09	-	-	0.03
Total Liabilities	383.4	491.68	353.8	316.14	200.05	149.45
Common Stock	288.73	288.73	205.46	146.33	145.97	100.34
Additional Paid-In Capital	3,047	3,043	2,999	2,929	2,799	1,844
Retained Earnings	3,055	2,738	2,263	1,896	1,332	1,045
Total Common Equity	6,391	6,070	5,468	4,972	4,277	2,989
Minority Interest	42.07	42.26	56.63	47.01	27.42	9.83
Shareholders' Equity	6,433	6,112	5,524	5,019	4,305	2,999
Total Liabilities & Equity	6,816	6,604	5,878	5,335	4,505	3,149
Total Debt	12.17	23.06	6.89	4.89	5.76	5.29
Net Cash (Debt)	5,515	2,110	4,770	4,405	3,845	2,546
Net Cash Growth	11.31%	-55.77%	8.30%	14.56%	51.00%	10.61%
Net Cash Per Share	19.03	7.28	16.54	15.28	13.50	9.21
Filing Date Shares Outstanding	288.73	288.73	287.64	286.81	286.11	275.32
Total Common Shares Outstanding	288.73	288.73	287.64	286.81	286.11	275.32
Working Capital	5,744	5,409	4,823	4,385	3,842	2,620
Book Value Per Share	22.13	21.02	19.01	17.33	14.95	10.86
Tangible Book Value	6,269	5,947	5,341	4,843	4,146	2,880
Tangible Book Value Per Share	21.71	20.60	18.57	16.89	14.49	10.46
Buildings	-	401.88	401.88	220.36	220.36	-
Machinery	-	137.66	108.91	92.53	69.1	31.54
Construction In Progress	-	0.36	0.62	125.53	2.72	166.48

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