SHA:688197 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	15.95	17.59	22.73	530.34	1,190	24.45
Short-Term Investments	-	-	-	333.96	-	-
Trading Asset Securities	635.46	654.26	737.41	100.14	-	-
Cash & Short-Term Investments	651.4	671.85	760.14	964.44	1,190	24.45
Cash Growth	-8.28%	-11.62%	-21.18%	-18.93%	4764.48%	-82.82%
Accounts Receivable	4.75	0.33	0.09	-	-	1.9
Other Receivables	1.02	0.68	0.59	0.64	1.66	0.17
Receivables	5.77	1.02	0.68	0.64	1.66	2.07
Inventory	2.75	3.08	3.41	0.25	2.29	1.46
Other Current Assets	26.47	28.89	15.57	16.92	14.54	8.47
Total Current Assets	686.4	704.84	779.8	982.25	1,208	36.46
Property, Plant & Equipment	40.61	42.18	18.04	19.73	23.55	12.12
Long-Term Investments	31.16	30.98	108.01	96.96	53.31	-
Other Intangible Assets	0.47	0.49	0.3	0.17	0.21	0.24
Long-Term Deferred Tax Assets	-	-	0.87	0.25	1.01	-
Long-Term Deferred Charges	2.91	3.07	3.67	2.27	2.71	1.24
Other Long-Term Assets	11.02	9.67	11.53	10.47	10.39	8.11
Total Assets	772.57	791.23	922.23	1,112	1,299	58.18
Accounts Payable	86.54	88.53	20.81	11.28	8.31	5.27
Accrued Expenses	6.33	7.16	80.61	73.72	71.25	42.84
Current Portion of Long-Term Debt	4.79	4.77	-	-	-	-
Current Portion of Leases	-	-	5.37	3.04	7.67	3.1
Current Income Taxes Payable	0.27	0.47	-	-	-	-
Current Unearned Revenue	-	-	-	-	-	0.28
Other Current Liabilities	1.67	1.21	3.75	2.1	2.29	1.6
Total Current Liabilities	99.6	102.14	110.54	90.13	89.52	53.1
Long-Term Leases	7.82	8.86	1.11	-	0.42	-
Long-Term Unearned Revenue	0.05	0.05	0.7	0.78	1.78	3.58
Long-Term Deferred Tax Liabilities	-	-	0.87	0.25	1.01	-
Total Liabilities	107.48	111.05	113.21	91.16	92.73	56.67
Common Stock	148.72	148.72	148.72	148.72	148.72	111.54
Additional Paid-In Capital	1,678	1,678	1,678	1,678	1,678	336.34
Retained Earnings	-1,162	-1,147	-1,018	-805.76	-620.19	-446.38
Total Common Equity	665.09	680.18	809.01	1,021	1,207	1.5
Shareholders' Equity	665.09	680.18	809.01	1,021	1,207	1.5
Total Liabilities & Equity	772.57	791.23	922.23	1,112	1,299	58.18
Total Debt	12.62	13.63	6.48	3.04	8.09	3.1
Net Cash (Debt)	638.78	658.22	753.66	961.4	1,182	21.35
Net Cash Growth	-9.22%	-12.66%	-21.61%	-18.63%	5434.01%	-85.00%
Net Cash Per Share	4.30	4.44	5.09	6.48	8.50	0.19
Filing Date Shares Outstanding	150.91	148.72	148.72	148.72	148.72	111.54
Total Common Shares Outstanding	150.91	148.72	148.72	148.72	148.72	111.54
Working Capital	586.8	602.7	669.26	892.12	1,119	-16.64
Book Value Per Share	4.41	4.57	5.44	6.86	8.11	0.01
Tangible Book Value	664.62	679.69	808.71	1,021	1,206	1.26
Tangible Book Value Per Share	4.40	4.57	5.44	6.86	8.11	0.01
Machinery	-	-	27.67	22.87	19.81	15.97
Construction In Progress	-	-	-	8.41	8.33	4.51

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