SHA:688215 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	175.44	134.68	67.31	66.96	94.93	60.11
Short-Term Investments	-	-	10.79	-	12.87	60
Cash & Short-Term Investments	175.44	134.68	78.09	66.96	107.8	120.11
Cash Growth	171.65%	72.46%	16.63%	-37.89%	-10.25%	-50.70%
Accounts Receivable	331.42	369.94	276.63	227.2	206.32	142.09
Other Receivables	4.49	5.18	4.2	2.91	-	0.54
Receivables	335.91	375.11	280.83	230.11	206.32	142.63
Inventory	369.02	241.94	171.12	154.36	133.82	78.02
Other Current Assets	36.57	33.56	20.5	15.03	11.7	17.86
Total Current Assets	916.94	785.28	550.54	466.46	459.65	358.62
Property, Plant & Equipment	209.62	213.1	212.31	223.31	220.14	122.42
Long-Term Investments	38.72	36.25	13.07	21.21	10.14	90
Other Intangible Assets	19.45	19.53	21.02	21.27	18.88	19.02
Long-Term Deferred Tax Assets	12.99	13.14	10.25	10.33	9.29	5.34
Long-Term Deferred Charges	1.13	0.45	0.4	0.42	0.38	0.29
Other Long-Term Assets	1.28	0.96	-	-	0.16	3.46
Total Assets	1,200	1,069	807.58	743	718.63	599.15
Accounts Payable	191.6	133.42	74.08	54.29	48.05	55
Accrued Expenses	8.16	13.68	16.64	22.1	20.99	12.74
Short-Term Debt	255.64	200.41	101.03	78.82	51.84	41.24
Current Portion of Long-Term Debt	54.73	53.56	0.2	-	-	-
Current Portion of Leases	-	-	2.03	2.22	1.61	1.32
Current Income Taxes Payable	1.2	4.48	2.17	3.1	0.96	0.23
Current Unearned Revenue	130.82	115.95	77.72	78.83	79.58	39.4
Other Current Liabilities	19.9	16.13	20.9	16.48	44.76	3.98
Total Current Liabilities	662.06	537.63	294.77	255.83	247.78	153.91
Long-Term Debt	2.2	4.3	13.88	-	-	-
Long-Term Leases	1.83	1.87	0.2	1.82	2.61	0.97
Long-Term Unearned Revenue	1.23	1.29	1.52	1.74	-	-
Long-Term Deferred Tax Liabilities	0.88	0.98	0.38	0.64	1.05	0
Other Long-Term Liabilities	-	-	-	-	-	1.35
Total Liabilities	668.2	546.06	310.75	260.03	251.44	156.24
Common Stock	62.42	62.42	52.05	40.04	40.04	40.04
Additional Paid-In Capital	274.45	274.45	284.83	296.84	291.67	291.67
Retained Earnings	167.04	158.14	128.16	116.16	109.69	106.1
Treasury Stock	-10.11	-10.11	-0.98	-	-	-
Comprehensive Income & Other	-0.78	-0.78	-	-	-	-
Total Common Equity	493.02	484.12	464.06	453.04	441.39	437.81
Minority Interest	38.91	38.53	32.77	29.93	25.8	5.11
Shareholders' Equity	531.93	522.66	496.83	482.97	467.19	442.92
Total Liabilities & Equity	1,200	1,069	807.58	743	718.63	599.15
Total Debt	314.41	260.13	117.33	82.86	56.06	43.54
Net Cash (Debt)	-138.97	-125.45	-39.24	-15.91	51.75	76.58
Net Cash Growth	-	-	-	-	-32.42%	-66.80%
Net Cash Per Share	-2.28	-2.03	-0.63	-0.26	0.83	1.22
Filing Date Shares Outstanding	63.56	56.85	62.26	62.5	62.5	62.5
Total Common Shares Outstanding	63.56	56.85	62.26	62.5	62.5	62.5
Working Capital	254.87	247.66	255.76	210.63	211.86	204.71
Book Value Per Share	7.76	8.52	7.45	7.25	7.06	7.01
Tangible Book Value	473.57	464.59	443.04	431.77	422.52	418.79
Tangible Book Value Per Share	7.45	8.17	7.12	6.91	6.76	6.70
Buildings	-	-	201.18	200.12	187.2	75.35
Machinery	-	-	40	37.41	33.09	7.79
Construction In Progress	-	-	0.2	1.38	4.79	40.47

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