SHA:688209 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	573.98	728.23	676.37	941.06	1,059	293.06
Short-Term Investments	-	-	61.14	60.03	131.54	-
Trading Asset Securities	69.46	87.63	349.22	-	-	1.57
Cash & Short-Term Investments	643.44	815.86	1,087	1,001	1,190	294.63
Cash Growth	-40.44%	-24.93%	8.55%	-15.91%	304.05%	108.34%
Accounts Receivable	184.77	173.03	159.75	143.26	92.68	63.65
Other Receivables	13.88	9.79	10.95	8.8	9.66	6.12
Receivables	198.65	182.81	170.7	152.06	102.33	69.76
Inventory	718.9	596.52	371.09	446.97	293.65	191.49
Other Current Assets	350.44	307.86	45.82	27.28	92.86	74.35
Total Current Assets	1,911	1,903	1,674	1,627	1,679	630.23
Property, Plant & Equipment	98.29	101.7	76.59	52.52	58.86	31.34
Long-Term Investments	339.3	331.6	259.1	199.41	35.44	126.62
Goodwill	15.07	15.07	1.01	1.01	1.01	1.01
Other Intangible Assets	69.52	73.14	46.45	18.38	23.4	11.83
Long-Term Deferred Tax Assets	27.78	27.74	14.38	6.47	4.24	1.61
Long-Term Deferred Charges	4.25	5.11	7.5	5.04	4.02	3.52
Other Long-Term Assets	10.56	7.03	48	73.41	65.74	0.92
Total Assets	2,476	2,464	2,127	1,984	1,872	807.07
Accounts Payable	78.72	85.05	5.76	12.83	6.27	6.78
Accrued Expenses	31.26	60.33	89.68	98	53.26	63.79
Short-Term Debt	71.04	70.04	-	-	-	-
Current Portion of Long-Term Debt	9.73	6.5	-	-	-	-
Current Portion of Leases	-	-	7.09	6.81	4.8	3.7
Current Income Taxes Payable	10.32	10.03	-	4.25	0.07	2.68
Current Unearned Revenue	9.85	11.03	4.85	6.52	9.49	2.66
Other Current Liabilities	11.31	7.43	14.72	13.31	31.08	43.04
Total Current Liabilities	222.24	250.4	122.11	141.72	104.98	122.64
Long-Term Leases	8.42	10.51	8.31	7.26	7.83	4.45
Long-Term Unearned Revenue	5.93	6.71	7.57	3.31	2.69	0.06
Long-Term Deferred Tax Liabilities	2.05	2.11	1.4	1.2	1.56	-
Total Liabilities	238.64	269.73	139.39	153.5	117.06	127.15
Common Stock	433.78	433.78	429.24	424.77	420	378
Additional Paid-In Capital	1,308	1,306	1,238	1,155	1,001	106.27
Retained Earnings	555.77	510.64	370.95	258.48	334.11	195.16
Treasury Stock	-61.51	-56.57	-51.01	-7.88	-	-
Total Common Equity	2,236	2,193	1,987	1,830	1,755	679.43
Minority Interest	1.58	1.31	0.49	-0.25	-0.11	0.48
Shareholders' Equity	2,238	2,195	1,988	1,830	1,755	679.92
Total Liabilities & Equity	2,476	2,464	2,127	1,984	1,872	807.07
Total Debt	89.19	87.05	15.4	14.08	12.63	8.15
Net Cash (Debt)	554.25	728.81	1,071	987.02	1,178	286.48
Net Cash Growth	-48.03%	-31.97%	8.54%	-16.20%	311.14%	102.57%
Net Cash Per Share	1.24	1.68	2.50	2.35	2.89	0.76
Filing Date Shares Outstanding	451.3	464.59	425.36	420.9	420	378
Total Common Shares Outstanding	451.3	464.59	425.36	424.27	420	378
Working Capital	1,689	1,653	1,552	1,486	1,574	507.58
Book Value Per Share	4.95	4.72	4.67	4.31	4.18	1.80
Tangible Book Value	2,151	2,105	1,940	1,811	1,731	666.59
Tangible Book Value Per Share	4.77	4.53	4.56	4.27	4.12	1.76
Machinery	-	-	101.49	70.89	64.86	31.58
Construction In Progress	-	-	11.21	-	-	-

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