SHA:688196 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	398.85	318.8	263.59	273.9	722.59	325.32
Short-Term Investments	-	590	220	50	651.23	-
Trading Asset Securities	65	20	275.74	24.77	39.49	160.26
Cash & Short-Term Investments	463.85	928.8	759.32	348.66	1,413	485.58
Cash Growth	-21.30%	22.32%	117.78%	-75.33%	191.05%	-40.05%
Accounts Receivable	155.03	13.24	53.21	10.7	8.17	261.96
Other Receivables	115.81	141.42	83.27	37.32	19.54	17.17
Receivables	270.84	154.66	136.48	48.01	27.71	279.13
Inventory	1,469	1,394	952.62	930.34	473.49	441.33
Prepaid Expenses	-	0	0.07	0.07	0.02	-
Other Current Assets	584.39	109.74	29.21	22.05	7.27	20.68
Total Current Assets	2,788	2,588	1,878	1,349	1,922	1,227
Property, Plant & Equipment	1,241	1,234	920.33	784.9	747.25	589.45
Long-Term Investments	2.14	63.38	614.53	820.64	204.96	697.79
Other Intangible Assets	94.45	95.43	97.12	100.08	102.77	50.84
Long-Term Deferred Tax Assets	8.73	21.29	10.47	10.42	7.02	0.57
Other Long-Term Assets	62.39	80.44	46.16	1.18	1.7	7.17
Total Assets	4,197	4,082	3,566	3,066	2,985	2,573
Accounts Payable	100.5	60.96	15.01	31.9	33.13	10.85
Accrued Expenses	6.78	37.71	25.77	14.02	19.43	41.69
Short-Term Debt	231.84	179.77	197.48	-	54.22	-
Current Portion of Long-Term Debt	17.05	102.74	92.42	20.19	-	-
Current Portion of Leases	-	25.88	22.11	21.12	11.98	12.54
Current Income Taxes Payable	28.43	0.5	3.2	0.91	4.69	5.62
Current Unearned Revenue	15.32	1.17	2.53	1.41	1.52	3.38
Other Current Liabilities	18.53	98.09	36.61	6.55	22.04	4.59
Total Current Liabilities	418.47	506.81	395.13	96.1	147.01	78.67
Long-Term Debt	469.95	291.75	326.35	240	-	-
Long-Term Leases	46.46	47.78	36.61	44.44	49.28	16.77
Long-Term Unearned Revenue	48	47.83	15.5	4.19	5.31	6.35
Long-Term Deferred Tax Liabilities	-	-	-	1.37	0.09	0.68
Total Liabilities	982.88	894.17	773.58	386.1	201.69	102.47
Common Stock	127.19	127.19	120	120	120	120
Additional Paid-In Capital	1,545	1,545	1,259	1,259	1,259	1,259
Retained Earnings	1,539	1,508	1,414	1,297	1,405	1,091
Comprehensive Income & Other	1.77	6.72	-0.31	3.84	-	-
Total Common Equity	3,214	3,188	2,793	2,680	2,784	2,470
Minority Interest	0.29	0.34	-	-	-	-
Shareholders' Equity	3,214	3,188	2,793	2,680	2,784	2,470
Total Liabilities & Equity	4,197	4,082	3,566	3,066	2,985	2,573
Total Debt	765.3	647.92	674.97	325.75	115.48	29.31
Net Cash (Debt)	-301.45	280.89	84.36	22.91	1,298	456.27
Net Cash Growth	-	232.98%	268.17%	-98.23%	184.44%	-43.67%
Net Cash Per Share	-2.47	2.33	0.70	0.19	10.80	3.80
Filing Date Shares Outstanding	127.19	127.19	120	120	120	120
Total Common Shares Outstanding	127.19	127.19	120	120	120	120
Working Capital	2,370	2,081	1,483	1,253	1,775	1,148
Book Value Per Share	25.27	25.06	23.27	22.34	23.20	20.58
Tangible Book Value	3,119	3,092	2,696	2,580	2,681	2,419
Tangible Book Value Per Share	24.52	24.31	22.46	21.50	22.34	20.16
Buildings	-	311.12	250.73	250.73	246.94	186.08
Machinery	-	920.11	766.59	761.24	728.2	613.39
Construction In Progress	-	423.96	291.81	89.85	30.83	28.18

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