SHA:688205 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	159.44	1,034	1,048	1,112	213.93	102.34
Trading Asset Securities	848.61	90.95	260.83	250.49	1,054	-
Cash & Short-Term Investments	1,008	1,125	1,308	1,362	1,268	102.34
Cash Growth	-21.36%	-13.99%	-3.96%	7.45%	1139.10%	139.78%
Accounts Receivable	513.68	490.44	514.38	575.12	353.73	365.71
Other Receivables	2.71	2.16	2.26	3.4	1.73	1.3
Receivables	516.4	492.61	516.64	578.52	355.47	367.01
Inventory	576.58	545.46	354.06	347.3	340.96	307.44
Other Current Assets	29.17	24.62	5.98	5.38	18.44	3.68
Total Current Assets	2,130	2,188	2,185	2,294	1,983	780.46
Property, Plant & Equipment	509.03	487.88	320.81	180.34	116.14	112.83
Long-Term Investments	7.03	122.71	84.43	61.83	11.09	11.38
Other Intangible Assets	1.82	1.84	1.98	2.26	2.64	2.73
Long-Term Deferred Tax Assets	49.18	38.62	22.17	10.48	15.05	10.69
Long-Term Deferred Charges	13.61	9.45	-	1.6	3.34	4.26
Other Long-Term Assets	122.75	4.6	5.94	9.45	5.41	0.74
Total Assets	2,834	2,853	2,620	2,560	2,137	923.1
Accounts Payable	444.24	466.19	295.97	279.71	176.18	173.96
Accrued Expenses	21.02	31.17	30.96	30.6	24.36	22.2
Short-Term Debt	-	-	-	47.82	20.02	29.51
Current Portion of Leases	-	1.15	1.11	0.69	1.4	1.25
Current Income Taxes Payable	-	2.78	5.66	7.79	2.99	10.68
Current Unearned Revenue	16.35	22.96	30.31	15.74	11.18	3.53
Other Current Liabilities	2.42	2.54	3.42	1.3	0.69	6.79
Total Current Liabilities	484.03	526.78	367.43	383.66	236.81	247.93
Long-Term Leases	0.3	0.59	1.74	-	0.69	1.86
Long-Term Unearned Revenue	6.98	6.54	7.59	5.45	7.48	8.75
Long-Term Deferred Tax Liabilities	0.02	0.02	0.03	0	0.88	-
Other Long-Term Liabilities	1.32	1.46	1.39	1.14	1.38	1.69
Total Liabilities	492.66	535.4	378.18	390.24	247.24	260.22
Common Stock	158.29	158.29	120.89	100.74	97.28	72.96
Additional Paid-In Capital	1,837	1,825	1,812	1,808	1,572	471.21
Retained Earnings	346.15	326.51	307.05	261	220.17	118.5
Comprehensive Income & Other	-0.27	7.69	2.38	-0	0.12	0.21
Shareholders' Equity	2,341	2,318	2,242	2,169	1,889	662.87
Total Liabilities & Equity	2,834	2,853	2,620	2,560	2,137	923.1
Total Debt	0.3	1.74	2.85	48.52	22.12	32.62
Net Cash (Debt)	1,008	1,124	1,306	1,314	1,246	69.72
Net Cash Growth	-21.22%	-13.94%	-0.64%	5.46%	1687.03%	316.40%
Net Cash Per Share	6.32	7.07	8.19	8.56	9.82	0.61
Filing Date Shares Outstanding	163.66	158.29	157.16	157.16	151.76	113.82
Total Common Shares Outstanding	163.66	158.29	157.16	157.16	151.76	113.82
Working Capital	1,646	1,661	1,818	1,910	1,746	532.54
Book Value Per Share	14.30	14.64	14.27	13.80	12.45	5.82
Tangible Book Value	2,339	2,316	2,240	2,167	1,887	660.15
Tangible Book Value Per Share	14.29	14.63	14.25	13.79	12.43	5.80
Buildings	-	180.59	151.06	94.14	84.07	82.43
Machinery	-	278.07	227.44	175.25	139.82	127.51
Construction In Progress	-	182.65	57.28	46.16	4.34	0.03

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