SHA:688225 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	1,365	2,147	2,643	1,059	1,997	1,261
Trading Asset Securities	210.17	242.58	444.76	100.02	-	-
Cash & Short-Term Investments	1,575	2,389	3,088	1,159	1,997	1,261
Cash Growth	-29.72%	-22.63%	166.44%	-41.98%	58.36%	2.76%
Accounts Receivable	5,963	5,845	6,360	1,025	790.17	490.46
Other Receivables	146.25	157.43	125.84	22.13	27.18	19.42
Receivables	6,110	6,003	6,486	1,047	817.35	509.88
Inventory	600.33	404.83	565.43	358.57	314.26	262.79
Other Current Assets	248.85	180.17	272.45	77.83	111.39	50.68
Total Current Assets	8,534	8,977	10,411	2,642	3,240	2,085
Property, Plant & Equipment	769.74	789.15	854.55	137.83	139.95	186.23
Long-Term Investments	300.08	298.07	423.93	156.81	149.25	85.13
Goodwill	504.72	504.72	504.72	268.35	-	-
Other Intangible Assets	679.76	700.56	760.66	70.46	52.18	35.43
Long-Term Deferred Tax Assets	268.94	268.68	249.64	93.46	77.85	74.5
Long-Term Deferred Charges	79.96	83.06	120.08	18.77	22.98	23.58
Other Long-Term Assets	40.87	42.35	44.82	13.04	-	-
Total Assets	11,178	11,663	13,370	3,401	3,683	2,490
Accounts Payable	1,205	1,123	1,443	318.72	245.21	162.25
Accrued Expenses	1,311	1,473	1,637	266.78	264.98	275.47
Short-Term Debt	52.01	47.54	136.25	28.64	-	-
Current Portion of Long-Term Debt	127.23	74.58	27.24	18.35	-	-
Current Portion of Leases	-	84.6	94.4	25.9	26.82	27.06
Current Income Taxes Payable	405.52	317.81	339.59	-	0.66	26.51
Current Unearned Revenue	544.73	518.14	558.99	266.26	287.28	322.08
Other Current Liabilities	516.29	496.84	602.73	66.29	91.71	57.3
Total Current Liabilities	4,162	4,135	4,839	990.95	916.66	870.66
Long-Term Debt	638.21	668.1	742.73	171.95	-	-
Long-Term Leases	100.99	106.53	153.11	76.55	75.66	123.53
Long-Term Unearned Revenue	1.49	1.77	7.76	18.59	25.11	25.32
Long-Term Deferred Tax Liabilities	272.54	329.76	411.63	8.05	11.94	5.32
Other Long-Term Liabilities	509.17	502.17	625.76	5.2	4.81	4.08
Total Liabilities	5,684	5,743	6,780	1,271	1,034	1,029
Common Stock	400.01	400.01	400.01	400.01	400.01	360
Additional Paid-In Capital	1,600	1,596	1,567	1,541	1,500	363
Retained Earnings	-175.12	11.17	456.95	447.36	748.26	736.8
Treasury Stock	-270.01	-270.01	-270.01	-270.01	-	-
Comprehensive Income & Other	-2.67	-0.65	-0.14	-0.18	-1.47	-1.72
Total Common Equity	1,552	1,736	2,154	2,118	2,647	1,458
Minority Interest	3,941	4,184	4,436	11.75	1.33	2.54
Shareholders' Equity	5,493	5,920	6,590	2,130	2,648	1,461
Total Liabilities & Equity	11,178	11,663	13,370	3,401	3,683	2,490
Total Debt	918.43	981.35	1,154	321.39	102.48	150.59
Net Cash (Debt)	656.32	1,408	1,934	837.59	1,895	1,111
Net Cash Growth	-41.55%	-27.22%	130.93%	-55.80%	70.61%	-9.27%
Net Cash Per Share	1.71	3.64	5.00	2.10	4.78	3.09
Filing Date Shares Outstanding	386.52	386.52	386.52	386.52	400.01	360
Total Common Shares Outstanding	386.52	386.52	386.52	386.52	400.01	360
Working Capital	4,372	4,842	5,572	1,651	2,324	1,214
Book Value Per Share	4.02	4.49	5.57	5.48	6.62	4.05
Tangible Book Value	367.77	531.07	888.78	1,779	2,595	1,423
Tangible Book Value Per Share	0.95	1.37	2.30	4.60	6.49	3.95
Buildings	-	501.82	501.82	-	-	-
Machinery	-	226.92	190.87	96.02	81.55	67.29

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