SHA:688212 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	368.73	341.86	267.2	244.55	230.17	766.82
Trading Asset Securities	8	50.01	126.81	333.6	443.4	46.03
Cash & Short-Term Investments	376.73	391.87	394.01	578.15	673.57	812.85
Cash Growth	17.35%	-0.54%	-31.85%	-14.17%	-17.14%	359.78%
Accounts Receivable	399.05	434.47	321.9	194.13	127.89	69.07
Other Receivables	3.28	3.02	9.34	8.75	9.75	1.25
Receivables	402.33	437.49	331.24	202.88	137.64	70.32
Inventory	260.21	229.37	229.86	199.68	179.81	97.24
Other Current Assets	40.93	35.84	37.76	27.48	27.77	16.5
Total Current Assets	1,080	1,095	992.86	1,008	1,019	996.91
Property, Plant & Equipment	661.28	655.46	517.04	302.53	259	192.83
Long-Term Investments	3.59	3.78	4.5	3.97	3.23	6.74
Goodwill	43.97	44.66	43.06	59.65	70.21	69.75
Other Intangible Assets	70.58	72.98	81.72	83.41	64.71	62.12
Long-Term Deferred Tax Assets	65.92	57.87	44.84	32.61	22.12	6.94
Long-Term Deferred Charges	21.57	19.98	19.58	14.11	9.42	8.55
Other Long-Term Assets	50.35	47.5	45.07	90.59	12.62	5.4
Total Assets	1,997	1,997	1,749	1,595	1,460	1,349
Accounts Payable	167.92	164.83	56.27	46.64	38.5	10.16
Accrued Expenses	21.65	38.19	85.25	69.68	62.64	28.82
Short-Term Debt	348.91	292.2	97.76	0.71	-	-
Current Portion of Long-Term Debt	8.5	8.44	-	-	-	-
Current Portion of Leases	-	-	8.04	8.24	7.24	2.87
Current Income Taxes Payable	9.3	20.8	1.17	1.68	2.1	2.47
Current Unearned Revenue	4.28	6.05	3.94	1.27	6.6	7.96
Other Current Liabilities	16.66	19.17	29.83	13.58	13.36	6.7
Total Current Liabilities	577.22	549.68	282.26	141.81	130.44	58.98
Long-Term Debt	30	30	-	-	-	-
Long-Term Leases	8.18	9.61	12.3	7.68	12.07	5.64
Long-Term Unearned Revenue	38.33	38.72	31.06	16.06	15.93	13.89
Long-Term Deferred Tax Liabilities	-	-	-	-	0.03	0.09
Other Long-Term Liabilities	43.64	42.4	42.58	34.33	20	11.75
Total Liabilities	697.38	670.42	368.2	199.88	178.46	90.36
Common Stock	134.67	134.67	134.59	134.03	133.34	133.34
Additional Paid-In Capital	1,057	1,057	1,077	1,069	1,019	997.01
Retained Earnings	133.6	158.03	157.15	176.52	118.66	122.5
Treasury Stock	-40.02	-40.02	-	-	-	-
Comprehensive Income & Other	0.59	3.05	-2.22	0.16	-2.87	-4.24
Total Common Equity	1,286	1,313	1,366	1,380	1,268	1,249
Minority Interest	14.14	13.56	14.42	15.17	13.85	10.26
Shareholders' Equity	1,300	1,326	1,380	1,395	1,282	1,259
Total Liabilities & Equity	1,997	1,997	1,749	1,595	1,460	1,349
Total Debt	395.59	340.25	118.1	16.64	19.31	8.51
Net Cash (Debt)	-18.86	51.62	275.91	561.51	654.26	804.34
Net Cash Growth	-	-81.29%	-50.86%	-14.18%	-18.66%	354.97%
Net Cash Per Share	-0.15	0.41	2.10	4.17	4.83	7.76
Filing Date Shares Outstanding	135.74	108.31	134.59	134.03	133.34	133.34
Total Common Shares Outstanding	135.74	108.31	134.59	134.03	133.34	133.34
Working Capital	502.97	544.89	710.6	866.37	888.34	937.92
Book Value Per Share	9.47	12.12	10.15	10.30	9.51	9.36
Tangible Book Value	1,171	1,195	1,241	1,237	1,133	1,117
Tangible Book Value Per Share	8.63	11.03	9.22	9.23	8.50	8.38
Buildings	-	-	144.43	144.99	102.14	102.14
Machinery	-	-	140.1	118.41	96.2	76.09
Construction In Progress	-	-	210.88	31.47	66.44	31.87

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