SHA:688239 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	655.82	613.79	768.46	322.25	326.37	159.78
Trading Asset Securities	10	0.05	-	-	-	-
Cash & Short-Term Investments	665.82	613.84	768.46	322.25	326.37	159.78
Cash Growth	-5.12%	-20.12%	138.47%	-1.26%	104.26%	140.37%
Accounts Receivable	1,515	1,442	1,213	984.31	749.46	618.18
Other Receivables	2.94	3.32	4.48	17.4	0.21	1.12
Receivables	1,518	1,446	1,217	1,002	749.7	619.47
Inventory	1,162	1,042	889.05	875	795.1	573.61
Prepaid Expenses	-	-	-	-	-	1.57
Other Current Assets	102.45	175.37	90.26	39.63	110.91	88.32
Total Current Assets	3,448	3,277	2,965	2,239	1,982	1,443
Property, Plant & Equipment	1,363	1,352	1,013	907.08	848.19	640.89
Long-Term Investments	99.15	59.41	66.89	66.09	2.69	1.62
Goodwill	10.29	10.29	21.68	-	-	-
Other Intangible Assets	136.4	137.5	142.32	38.12	39.5	33.72
Long-Term Accounts Receivable	-	-	6.64	1.76	1.86	0.46
Long-Term Deferred Tax Assets	50.04	46.33	40.46	41.67	37.84	18.87
Long-Term Deferred Charges	24.38	7.55	5.55	2.32	1.51	2.03
Other Long-Term Assets	56.21	65.66	24.83	113.03	76.01	59.35
Total Assets	5,187	4,956	4,287	3,409	2,990	2,200
Accounts Payable	1,197	1,143	727.82	710.71	788.14	548.92
Accrued Expenses	7.66	33.47	33.01	26.23	31.93	23.52
Short-Term Debt	302.01	226.17	272.09	306.29	255.08	284.05
Current Portion of Long-Term Debt	143.09	152.18	133.6	111.79	81.03	2.02
Current Portion of Leases	-	-	3.03	2.09	1.63	0.56
Current Income Taxes Payable	20.24	18.64	19.1	12.48	17.81	11.92
Current Unearned Revenue	14.23	8.61	3.42	5.25	10.5	2.67
Other Current Liabilities	28.71	29.61	43.91	89.96	129.5	77.2
Total Current Liabilities	1,713	1,612	1,236	1,265	1,316	950.87
Long-Term Debt	1,090	1,039	976.4	321.64	369.89	159.16
Long-Term Leases	4	3.89	2.7	3.27	4.36	1.55
Long-Term Unearned Revenue	294.73	279.44	212.32	115.7	52.12	47.71
Long-Term Deferred Tax Liabilities	1.96	2.14	2.34	1.01	1.26	0.02
Total Liabilities	3,104	2,936	2,430	1,706	1,743	1,159
Common Stock	190.63	190.63	147.79	147.56	142.71	140
Additional Paid-In Capital	1,037	1,035	1,111	1,123	848.63	705.59
Retained Earnings	862.96	806.56	652.27	494.44	350.09	194.8
Treasury Stock	-22.82	-25.01	-63.04	-78.32	-94.98	-
Comprehensive Income & Other	-12.11	-11.33	-13.99	0.6	-	-
Total Common Equity	2,056	1,995	1,834	1,687	1,246	1,040
Minority Interest	27.46	23.78	22.7	14.97	-	-
Shareholders' Equity	2,083	2,019	1,857	1,702	1,246	1,040
Total Liabilities & Equity	5,187	4,956	4,287	3,409	2,990	2,200
Total Debt	1,539	1,421	1,388	745.09	711.99	447.33
Net Cash (Debt)	-873.09	-807.23	-619.36	-422.84	-385.62	-287.56
Net Cash Per Share	-4.38	-4.08	-3.23	-2.26	-2.12	-1.80
Filing Date Shares Outstanding	187.99	190.7	191.15	185.64	182.56	182
Total Common Shares Outstanding	187.99	190.7	191.15	185.64	182.56	182
Working Capital	1,735	1,665	1,729	973.94	666.47	491.88
Book Value Per Share	10.94	10.46	9.60	9.09	6.83	5.72
Tangible Book Value	1,909	1,848	1,670	1,649	1,207	1,007
Tangible Book Value Per Share	10.16	9.69	8.74	8.88	6.61	5.53
Buildings	-	-	531.86	525.97	388.44	153.88
Machinery	-	-	650.92	609.53	533.87	237.56
Construction In Progress	-	-	147.27	26.44	131.05	428.27
Order Backlog	-	-	4,848	-	-	-

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