SHA:688238 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	150.74	292.59	439.44	657.05	1,244	619.01
Trading Asset Securities	50.22	-	30.26	-	9.99	-
Cash & Short-Term Investments	200.96	292.59	469.7	657.05	1,254	619.01
Cash Growth	-47.13%	-37.71%	-28.51%	-47.60%	102.56%	-9.70%
Accounts Receivable	127.21	120.1	99.15	88.97	95.28	42.79
Other Receivables	3.08	2.06	0.41	1.89	2.34	3.14
Receivables	130.29	122.15	99.56	90.86	97.62	45.94
Inventory	77.2	69.12	73.75	80.85	65.65	44.04
Other Current Assets	64.95	63.29	47.41	98.7	47.62	35.52
Total Current Assets	473.39	547.16	690.43	927.45	1,465	744.5
Property, Plant & Equipment	1,308	1,328	1,390	1,425	810.1	344.84
Long-Term Investments	128.68	127.43	114.84	107.49	42.34	15.85
Other Intangible Assets	55.46	55.83	54.99	55.49	51.29	52.22
Long-Term Deferred Tax Assets	31.07	31.18	29.75	47.82	20.47	13.69
Long-Term Deferred Charges	1.51	2.19	4.91	40.22	58.4	68.34
Other Long-Term Assets	-	-	-	-	49.14	24
Total Assets	1,998	2,092	2,285	2,603	2,496	1,263
Accounts Payable	64.75	35.11	44.41	51.1	24.81	19.64
Accrued Expenses	24.99	29.9	18.84	19.33	20.17	13.38
Short-Term Debt	165.09	250.17	70.05	-	-	-
Current Portion of Long-Term Debt	70.39	20.57	17.58	11.33	4.97	-
Current Portion of Leases	-	4.29	0.24	7.01	8.27	11.5
Current Income Taxes Payable	-	0.03	0.01	3.74	7.11	14.21
Current Unearned Revenue	33.53	32.52	30.09	35.04	19.57	38.48
Other Current Liabilities	10.16	71.36	148.67	186.62	102.02	39.31
Total Current Liabilities	368.91	443.95	329.89	314.17	186.93	136.52
Long-Term Debt	173.87	136.35	126.79	144.22	44.41	101.4
Long-Term Leases	7.6	9.06	0.78	28.57	34.35	52.44
Long-Term Unearned Revenue	69.69	71.19	60.71	50.45	53.19	55.41
Long-Term Deferred Tax Liabilities	2.97	3.27	0.24	5.04	5.89	-
Other Long-Term Liabilities	17.76	19.85	26.79	2.67	-	-
Total Liabilities	640.79	683.69	545.19	545.12	324.77	345.77
Common Stock	649.04	649.04	649.04	647.43	493.19	393.19
Additional Paid-In Capital	1,451	1,450	1,448	1,445	1,585	470.97
Retained Earnings	-644.12	-591.04	-356.71	-34.9	93.04	53.51
Treasury Stock	-100	-100	-	-	-	-
Comprehensive Income & Other	0.27	0.36	-0.93	0.37	-0	-
Total Common Equity	1,356	1,408	1,740	2,058	2,172	917.67
Minority Interest	1.68	0.01	-0.24	0.12	-	-
Shareholders' Equity	1,357	1,408	1,740	2,058	2,172	917.67
Total Liabilities & Equity	1,998	2,092	2,285	2,603	2,496	1,263
Total Debt	416.95	420.44	215.44	191.13	92	165.34
Net Cash (Debt)	-216	-127.85	254.27	465.92	1,162	453.67
Net Cash Growth	-	-	-45.43%	-59.90%	156.10%	-33.82%
Net Cash Per Share	-0.34	-0.20	0.39	0.72	1.92	0.89
Filing Date Shares Outstanding	631.96	630.31	649.04	647.43	641.15	511.15
Total Common Shares Outstanding	631.96	630.31	649.04	647.43	641.15	511.15
Working Capital	104.49	103.2	360.54	613.28	1,278	607.98
Book Value Per Share	2.15	2.23	2.68	3.18	3.39	1.80
Tangible Book Value	1,300	1,352	1,685	2,003	2,120	865.45
Tangible Book Value Per Share	2.06	2.15	2.60	3.09	3.31	1.69
Buildings	-	1,004	976.37	747.18	98.14	-
Machinery	-	537.52	486.18	365.01	140.93	119.02
Construction In Progress	-	10.61	71.19	346.32	573.01	191.78

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