SHA:688225 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,147	2,643	1,059	1,997	1,261
Trading Asset Securities	242.58	444.76	100.02	-	-
Cash & Short-Term Investments	2,389	3,088	1,159	1,997	1,261
Cash Growth	-22.63%	166.44%	-41.98%	58.36%	2.76%
Accounts Receivable	5,845	6,360	1,025	790.17	490.46
Other Receivables	157.43	125.84	22.13	27.18	19.42
Receivables	6,003	6,486	1,047	817.35	509.88
Inventory	404.83	565.43	358.57	314.26	262.79
Other Current Assets	180.17	272.45	77.83	111.39	50.68
Total Current Assets	8,977	10,411	2,642	3,240	2,085
Property, Plant & Equipment	789.15	854.55	137.83	139.95	186.23
Long-Term Investments	298.07	423.93	156.81	149.25	85.13
Goodwill	504.72	504.72	268.35	-	-
Other Intangible Assets	700.56	760.66	70.46	52.18	35.43
Long-Term Deferred Tax Assets	268.68	249.64	93.46	77.85	74.5
Long-Term Deferred Charges	83.06	120.08	18.77	22.98	23.58
Other Long-Term Assets	42.35	44.82	13.04	-	-
Total Assets	11,663	13,370	3,401	3,683	2,490
Accounts Payable	1,123	1,443	318.72	245.21	162.25
Accrued Expenses	1,367	1,637	266.78	264.98	275.47
Short-Term Debt	47.54	136.25	28.64	-	-
Current Portion of Long-Term Debt	159.18	27.24	18.35	-	-
Current Portion of Leases	-	94.4	25.9	26.82	27.06
Current Income Taxes Payable	453.89	339.59	-	0.66	26.51
Current Unearned Revenue	518.14	558.99	266.26	287.28	322.08
Other Current Liabilities	466.87	602.73	66.29	91.71	57.3
Total Current Liabilities	4,135	4,839	990.95	916.66	870.66
Long-Term Debt	668.1	742.73	171.95	-	-
Long-Term Leases	106.53	153.11	76.55	75.66	123.53
Long-Term Unearned Revenue	1.77	7.76	18.59	25.11	25.32
Long-Term Deferred Tax Liabilities	329.76	411.63	8.05	11.94	5.32
Other Long-Term Liabilities	502.17	625.76	5.2	4.81	4.08
Total Liabilities	5,743	6,780	1,271	1,034	1,029
Common Stock	400.01	400.01	400.01	400.01	360
Additional Paid-In Capital	1,596	1,567	1,541	1,500	363
Retained Earnings	11.17	456.95	447.36	748.26	736.8
Treasury Stock	-270.01	-270.01	-270.01	-	-
Comprehensive Income & Other	-0.65	-0.14	-0.18	-1.47	-1.72
Total Common Equity	1,736	2,154	2,118	2,647	1,458
Minority Interest	4,184	4,436	11.75	1.33	2.54
Shareholders' Equity	5,920	6,590	2,130	2,648	1,461
Total Liabilities & Equity	11,663	13,370	3,401	3,683	2,490
Total Debt	981.35	1,154	321.39	102.48	150.59
Net Cash (Debt)	1,408	1,934	837.59	1,895	1,111
Net Cash Growth	-27.22%	130.93%	-55.80%	70.61%	-9.27%
Net Cash Per Share	3.64	5.00	2.10	4.78	3.09
Filing Date Shares Outstanding	386.5	386.52	386.52	400.01	360
Total Common Shares Outstanding	386.5	386.52	386.52	400.01	360
Working Capital	4,842	5,572	1,651	2,324	1,214
Book Value Per Share	4.49	5.57	5.48	6.62	4.05
Tangible Book Value	531.07	888.78	1,779	2,595	1,423
Tangible Book Value Per Share	1.37	2.30	4.60	6.49	3.95
Buildings	-	501.82	-	-	-
Machinery	-	190.87	96.02	81.55	67.29

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