SHA:688192 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	223.7	291.42	250.16	74.2	121.67	364.24
Trading Asset Securities	1,711	1,645	589.83	674	1,295	1,711
Cash & Short-Term Investments	1,934	1,936	839.99	748.2	1,416	2,075
Cash Growth	115.21%	130.51%	12.27%	-47.18%	-31.74%	246.26%
Accounts Receivable	170.99	143.44	27.49	48.04	-	7.55
Other Receivables	3.37	-	-	-	-	-
Receivables	174.36	143.44	27.49	48.04	-	7.55
Inventory	32.14	36.95	44.11	23.47	5.07	-
Other Current Assets	65.6	66.03	87.37	90.65	51.64	29.57
Total Current Assets	2,206	2,183	998.97	910.36	1,473	2,112
Property, Plant & Equipment	375.72	381.23	243.91	102.26	103.66	104.48
Other Intangible Assets	388.16	396.43	429.85	461.98	492.02	474.9
Long-Term Deferred Charges	3.27	4.09	8.62	16.99	7.99	4.54
Other Long-Term Assets	39.54	38.09	37.38	4.79	5.06	49.51
Total Assets	3,013	3,003	1,719	1,496	2,082	2,746
Accounts Payable	157.71	34.82	20.39	18.57	8.81	1.65
Accrued Expenses	47.29	331.8	245.07	182.18	208.53	182.75
Short-Term Debt	108.95	217.45	373.83	200.11	-	-
Current Portion of Long-Term Debt	351.78	291.97	41.27	0.1	-	-
Current Portion of Leases	-	21.2	23.53	22.95	21.34	16.84
Current Income Taxes Payable	24.25	1.34	-	0.05	0	-
Current Unearned Revenue	6.85	5.5	2.93	0.98	-	-
Other Current Liabilities	85.52	81.14	78.06	23.49	9.82	10.76
Total Current Liabilities	782.36	985.23	785.08	448.44	248.49	211.99
Long-Term Debt	966.14	688.15	683.76	138.31	-	-
Long-Term Leases	19.25	21.98	34.99	48.89	63.93	70.92
Long-Term Unearned Revenue	10.09	11.48	14.84	12.11	11	-
Total Liabilities	1,778	1,707	1,519	647.75	323.43	282.91
Common Stock	464.63	461.19	417.65	408.15	407.16	404.18
Additional Paid-In Capital	4,989	4,956	3,136	2,954	2,757	2,729
Retained Earnings	-4,219	-4,124	-3,360	-2,514	-1,406	-669.85
Total Common Equity	1,234	1,294	193.76	848.63	1,758	2,463
Minority Interest	0.69	1.83	6.3	-	-	-
Shareholders' Equity	1,235	1,296	200.06	848.63	1,758	2,463
Total Liabilities & Equity	3,013	3,003	1,719	1,496	2,082	2,746
Total Debt	1,446	1,241	1,157	410.37	85.27	87.76
Net Cash (Debt)	488.11	695.51	-317.39	337.83	1,331	1,987
Net Cash Growth	-	-	-	-74.62%	-33.02%	231.62%
Net Cash Per Share	1.07	1.56	-0.77	0.83	3.29	5.52
Filing Date Shares Outstanding	455.04	461.19	417.65	408.15	407.16	404.18
Total Common Shares Outstanding	455.04	461.19	417.65	408.15	407.16	404.18
Working Capital	1,424	1,197	213.89	461.93	1,225	1,900
Book Value Per Share	2.71	2.81	0.46	2.08	4.32	6.09
Tangible Book Value	846.33	897.43	-236.09	386.65	1,266	1,988
Tangible Book Value Per Share	1.86	1.95	-0.57	0.95	3.11	4.92
Buildings	-	227.2	-	-	-	-
Machinery	-	160.67	55.43	49.14	31.99	26.91
Construction In Progress	-	-	169.72	13.35	8.85	5.04

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