SHA:688233 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	408.3	348.16	296.23	827.96	624.35	436.5
Short-Term Investments	-	80.48	477.68	-	-	-
Trading Asset Securities	395.51	422.33	131.27	40.64	55.02	326.84
Cash & Short-Term Investments	803.81	850.98	905.18	868.6	679.36	763.35
Cash Growth	84.55%	-5.99%	4.21%	27.86%	-11.00%	-12.04%
Accounts Receivable	197.65	174.33	96.43	55.42	103.76	51.89
Other Receivables	1.62	1.46	1.3	8.62	8.79	3.09
Receivables	199.27	175.79	97.73	64.04	112.56	54.99
Inventory	83.73	87.42	109.91	146.38	186.34	121.53
Other Current Assets	76.68	11.98	21.55	27.08	15.61	27.75
Total Current Assets	1,163	1,126	1,134	1,106	993.87	967.61
Property, Plant & Equipment	819.83	837.74	733.3	702.43	585.22	389.45
Long-Term Investments	19.49	19.48	5.03	5.11	5.09	5.17
Other Intangible Assets	50.29	50.66	52.15	31.85	33.32	21.97
Long-Term Deferred Tax Assets	15.13	16.66	14.66	15.42	13.45	5.83
Long-Term Deferred Charges	27.16	29.77	35.95	40.47	29.96	32.95
Other Long-Term Assets	2.74	2.84	17.44	32.05	98.75	71.41
Total Assets	2,098	2,083	1,993	1,933	1,760	1,494
Accounts Payable	30.88	23.24	56.45	57.18	73.9	23.81
Accrued Expenses	2.68	11.05	8.66	6.93	5.95	12.03
Current Portion of Leases	-	2.87	-	1.76	3.62	2.48
Current Income Taxes Payable	0.41	-	-	-	5.73	5.05
Current Unearned Revenue	0	0.02	0.64	0.24	0.21	0.53
Other Current Liabilities	9.89	19.92	33.5	27.17	26.25	3.6
Total Current Liabilities	46.57	57.09	99.25	93.27	115.66	47.49
Long-Term Leases	5.67	5.62	-	-	3.8	5.32
Long-Term Unearned Revenue	50.57	51.46	41.09	28.11	14.09	14.47
Long-Term Deferred Tax Liabilities	4.65	4.76	3.26	-	12.44	9
Total Liabilities	107.45	118.93	143.6	121.38	146	76.29
Common Stock	170.31	170.31	170.31	170.31	160	160
Additional Paid-In Capital	1,209	1,209	1,209	1,209	927.8	864.67
Retained Earnings	556.73	531.35	442.01	400.86	485.97	393.43
Treasury Stock	-19.11	-19.11	-28.6	-18.56	-	-
Comprehensive Income & Other	-1.17	-1.08	-0.18	0.02	-0.51	0.01
Total Common Equity	1,916	1,890	1,793	1,762	1,573	1,418
Minority Interest	74.86	74.29	56.34	50.24	40.39	-
Shareholders' Equity	1,991	1,964	1,849	1,812	1,614	1,418
Total Liabilities & Equity	2,098	2,083	1,993	1,933	1,760	1,494
Total Debt	8.38	8.48	-	1.76	7.42	7.8
Net Cash (Debt)	795.43	842.5	905.18	866.85	671.95	755.54
Net Cash Growth	83.14%	-6.93%	4.42%	29.00%	-11.06%	-12.94%
Net Cash Per Share	4.67	4.95	5.28	5.39	4.21	4.72
Filing Date Shares Outstanding	169.24	169.67	169.36	169.77	160	160
Total Common Shares Outstanding	169.24	169.67	169.36	169.77	160	160
Working Capital	1,117	1,069	1,035	1,013	878.21	920.12
Book Value Per Share	11.32	11.14	10.59	10.38	9.83	8.86
Tangible Book Value	1,866	1,839	1,741	1,730	1,540	1,396
Tangible Book Value Per Share	11.02	10.84	10.28	10.19	9.62	8.73
Buildings	-	222.4	132.06	132.06	131.88	86.51
Machinery	-	773.85	687.57	531	373.89	320.62
Construction In Progress	-	116.03	121.35	185.52	172.51	43.03

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