SHA:688199 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	490.24	502.85	564.48	545.85	444.72	351.09
Short-Term Investments	-	-	-	-	50.3	783.42
Trading Asset Securities	210.72	351	240.85	421.57	627.63	100.29
Cash & Short-Term Investments	700.96	853.85	805.34	967.42	1,123	1,235
Cash Growth	-1.86%	6.02%	-16.75%	-13.83%	-9.08%	-31.33%
Accounts Receivable	534.06	453.3	423.26	381.46	336.84	408.53
Other Receivables	8.38	9.86	21.75	31.5	13.99	6.87
Receivables	542.44	463.16	445.01	412.96	350.84	415.5
Inventory	405.96	446.26	351.01	309.82	376.4	359.09
Other Current Assets	49.41	29.75	40.7	34.6	46.37	73.28
Total Current Assets	1,699	1,793	1,642	1,725	1,896	2,083
Property, Plant & Equipment	1,912	1,946	1,861	1,725	1,620	1,188
Long-Term Investments	219.85	229.01	237.33	244.15	239.06	199.33
Goodwill	55.5	55.5	39.72	48.21	54.29	63.28
Other Intangible Assets	182.21	184.5	179.27	187.76	216.36	195.15
Long-Term Deferred Tax Assets	8.08	7.19	6.52	7.42	13.19	12.62
Long-Term Deferred Charges	16.1	16.04	18.73	13.37	15.83	16.5
Other Long-Term Assets	15.3	15.02	27.06	35.05	51.2	104.79
Total Assets	4,108	4,246	4,011	3,986	4,106	3,863
Accounts Payable	213.97	282.67	132.56	104.02	156.13	161.28
Accrued Expenses	12.22	23.44	39.02	30.83	36.9	38.29
Short-Term Debt	659.58	719.26	555.68	486.47	494.56	454.09
Current Portion of Long-Term Debt	154.02	78.81	95.38	88.12	58.85	5.11
Current Portion of Leases	-	-	25.08	21.43	2.4	2.21
Current Income Taxes Payable	17.84	10.6	3.28	3.18	8.71	7.89
Current Unearned Revenue	7.24	3.36	6.68	2.96	1.82	6.96
Other Current Liabilities	93.6	99.39	199.73	186	171.17	147.26
Total Current Liabilities	1,158	1,218	1,057	923.01	930.55	823.09
Long-Term Debt	202.63	234.99	200.7	230.75	303.4	159.25
Long-Term Leases	0.22	0.45	58.65	68.74	0.69	3.1
Long-Term Unearned Revenue	18.68	18.92	20.18	21.75	20.47	21.1
Long-Term Deferred Tax Liabilities	18.9	20.23	13.37	15.77	23.27	17.43
Other Long-Term Liabilities	32.67	33.65	2.79	1.87	0.85	0.39
Total Liabilities	1,432	1,526	1,353	1,262	1,279	1,024
Common Stock	161.23	161.23	161.23	111.23	111.23	111.23
Additional Paid-In Capital	1,848	1,866	1,866	2,044	2,042	2,041
Retained Earnings	556.95	544.42	505.48	559.24	655.38	666.17
Treasury Stock	-15	-15	-15	-137.65	-127.67	-127.67
Comprehensive Income & Other	36.91	39.6	38.72	44.11	41.67	43.32
Total Common Equity	2,588	2,597	2,557	2,621	2,722	2,734
Minority Interest	88.06	123.97	101.42	102.99	104.26	104.59
Shareholders' Equity	2,676	2,721	2,658	2,724	2,827	2,838
Total Liabilities & Equity	4,108	4,246	4,011	3,986	4,106	3,863
Total Debt	1,016	1,033	935.48	895.5	859.91	623.76
Net Cash (Debt)	-315.5	-179.65	-130.14	71.92	262.74	611.03
Net Cash Growth	-	-	-	-72.63%	-57.00%	-51.72%
Net Cash Per Share	-1.89	-1.11	-0.80	0.45	1.63	3.79
Filing Date Shares Outstanding	169.75	241.92	169.05	160.62	161.52	161.52
Total Common Shares Outstanding	169.75	241.92	169.05	160.62	161.52	161.52
Working Capital	540.3	575.49	584.66	801.79	965.7	1,260
Book Value Per Share	15.25	10.73	15.12	16.32	16.85	16.92
Tangible Book Value	2,350	2,357	2,338	2,385	2,452	2,475
Tangible Book Value Per Share	13.85	9.74	13.83	14.85	15.18	15.32
Buildings	-	-	756.11	697.39	603.59	339.65
Machinery	-	-	1,345	926.19	733.03	570.71
Construction In Progress	-	-	328.08	570.25	683.08	603.79

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