SHA:688190 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	79.42	71.08	120.51	87.67	86.27	99.21
Short-Term Investments	-	1,085	121.34	200.16	-	200.35
Trading Asset Securities	260.37	50.05	270.1	502.98	1,143	1,067
Cash & Short-Term Investments	339.78	1,206	511.95	790.81	1,229	1,366
Cash Growth	18.35%	135.66%	-35.26%	-35.65%	-10.06%	1715.20%
Accounts Receivable	986.17	1,003	803.11	658.41	542.09	366.48
Other Receivables	2.09	2.38	3.18	2.65	1.38	1.39
Receivables	988.26	1,005	806.29	661.06	543.47	367.87
Inventory	226.23	247.42	125.77	139.01	123.65	86.82
Other Current Assets	976.18	147.33	150.56	68.9	79.23	54.74
Total Current Assets	2,530	2,606	1,595	1,660	1,975	1,876
Property, Plant & Equipment	654.36	637.6	588.98	466.51	488.35	362.89
Long-Term Investments	-	50.02	841.39	-	-	-
Other Intangible Assets	73.14	73.97	72.18	69.47	40.22	40.63
Long-Term Deferred Tax Assets	39.87	36.94	32.31	28.07	20.76	9.13
Other Long-Term Assets	108.29	23.68	11.98	567.74	5.03	9.78
Total Assets	3,409	3,428	3,141	2,792	2,530	2,298
Accounts Payable	368.73	362.31	279.64	228.84	231.34	382.87
Accrued Expenses	20.04	57.73	73.59	39.68	39.46	27.88
Short-Term Debt	-	-	-	-	2	-
Current Portion of Leases	-	6.89	5.25	8.01	2.49	0.13
Current Income Taxes Payable	12.09	12.82	21.22	16.26	20.1	7.19
Current Unearned Revenue	10.24	13.01	5.38	24.97	51.06	10.72
Other Current Liabilities	103.1	188.39	107.53	76.45	74.85	2.34
Total Current Liabilities	523.6	641.15	492.61	394.2	421.31	431.13
Long-Term Leases	65.53	38.3	35.89	43.6	28.06	0.03
Long-Term Unearned Revenue	91.82	90.59	85.51	56.91	53.89	34.76
Long-Term Deferred Tax Liabilities	38.06	30.53	22.29	14.74	7.77	0.26
Total Liabilities	719.01	800.56	636.29	509.46	511.04	466.19
Common Stock	120	120	120	120	120	120
Additional Paid-In Capital	1,403	1,403	1,403	1,403	1,403	1,403
Retained Earnings	1,166	1,104	981.62	758.64	495.03	308.19
Comprehensive Income & Other	-	-	-	-	-	0.3
Shareholders' Equity	2,690	2,628	2,505	2,282	2,019	1,832
Total Liabilities & Equity	3,409	3,428	3,141	2,792	2,530	2,298
Total Debt	74.93	45.19	41.14	51.61	32.55	0.17
Net Cash (Debt)	264.86	1,161	470.81	739.2	1,196	1,366
Net Cash Growth	7.36%	146.66%	-36.31%	-38.21%	-12.43%	2370.75%
Net Cash Per Share	2.21	9.68	3.92	6.16	9.98	14.72
Filing Date Shares Outstanding	119.08	120	120	120	120	120
Total Common Shares Outstanding	119.08	120	120	120	120	120
Working Capital	2,007	1,965	1,102	1,266	1,554	1,445
Book Value Per Share	22.59	21.90	20.88	19.02	16.82	15.27
Tangible Book Value	2,617	2,554	2,433	2,213	1,978	1,791
Tangible Book Value Per Share	21.97	21.28	20.27	18.44	16.49	14.93
Buildings	-	298.09	294.46	251.59	249.27	190.92
Machinery	-	603.58	474.01	365.91	366.83	235.34
Construction In Progress	-	40.09	55.28	16.06	14.25	73.48

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