SHA:688190 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-	120.51	87.67	86.27	99.21
Short-Term Investments	-	121.34	200.16	-	200.35
Trading Asset Securities	-	270.1	502.98	1,143	1,067
Cash & Short-Term Investments	216.9	511.95	790.81	1,229	1,366
Cash Growth	-57.63%	-35.26%	-35.65%	-10.06%	1715.20%
Accounts Receivable	-	803.11	658.41	542.09	366.48
Other Receivables	-	3.18	2.65	1.38	1.39
Receivables	-	806.29	661.06	543.47	367.87
Inventory	-	125.77	139.01	123.65	86.82
Other Current Assets	-	150.56	68.9	79.23	54.74
Total Current Assets	-	1,595	1,660	1,975	1,876
Property, Plant & Equipment	-	588.98	466.51	488.35	362.89
Other Intangible Assets	-	72.18	69.47	40.22	40.63
Long-Term Deferred Tax Assets	-	32.31	28.07	20.76	9.13
Other Long-Term Assets	-	853.37	567.74	5.03	9.78
Total Assets	-	3,141	2,792	2,530	2,298
Accounts Payable	-	370.33	228.84	231.34	382.87
Accrued Expenses	-	38.2	39.68	39.46	27.88
Short-Term Debt	-	-	-	2	-
Current Portion of Leases	-	5.25	8.01	2.49	0.13
Current Income Taxes Payable	-	21.22	16.26	20.1	7.19
Current Unearned Revenue	-	5.38	24.97	51.06	10.72
Other Current Liabilities	-	52.24	76.45	74.85	2.34
Total Current Liabilities	-	492.61	394.2	421.31	431.13
Long-Term Leases	-	35.89	43.6	28.06	0.03
Long-Term Unearned Revenue	-	85.51	56.91	53.89	34.76
Long-Term Deferred Tax Liabilities	-	22.29	14.74	7.77	0.26
Total Liabilities	-	636.29	509.46	511.04	466.19
Common Stock	-	120	120	120	120
Additional Paid-In Capital	-	1,403	1,403	1,403	1,403
Retained Earnings	-	981.62	758.64	495.03	308.19
Comprehensive Income & Other	-	-	-	-	0.3
Shareholders' Equity	2,680	2,505	2,282	2,019	1,832
Total Liabilities & Equity	-	3,141	2,792	2,530	2,298
Total Debt	38.85	41.14	51.61	32.55	0.17
Net Cash (Debt)	178.05	470.81	739.2	1,196	1,366
Net Cash Growth	-62.18%	-36.31%	-38.21%	-12.43%	2370.75%
Net Cash Per Share	1.48	3.92	6.16	9.98	14.72
Filing Date Shares Outstanding	120	120	120	120	120
Total Common Shares Outstanding	120	120	120	120	120
Working Capital	-	1,102	1,266	1,554	1,445
Book Value Per Share	22.34	20.88	19.02	16.82	15.27
Tangible Book Value	2,607	2,433	2,213	1,978	1,791
Tangible Book Value Per Share	21.72	20.27	18.44	16.49	14.93
Buildings	-	294.46	251.59	249.27	190.92
Machinery	-	474.01	365.91	366.83	235.34
Construction In Progress	-	55.28	16.06	14.25	73.48

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