SHA:688248 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	810.89	1,180	1,717	2,229	1,841	2,280
Trading Asset Securities	1,103	1,002	700.61	300	568	-
Cash & Short-Term Investments	1,914	2,182	2,418	2,529	2,409	2,280
Cash Growth	-5.19%	-9.76%	-4.39%	4.96%	5.68%	64.44%
Accounts Receivable	625.84	805.86	607.21	532.2	491.63	333.35
Other Receivables	12.46	11.2	12.59	15.8	5.84	5.38
Receivables	638.3	817.07	619.8	548.01	497.47	338.74
Inventory	932.09	809.56	798.51	869.97	404.28	228.28
Other Current Assets	471.48	453.22	18.01	35.41	68.88	28.53
Total Current Assets	3,956	4,262	3,854	3,982	3,380	2,876
Property, Plant & Equipment	365.78	380.91	382.41	331.64	158.41	129.64
Long-Term Investments	189.94	186.13	175.86	68.59	-	5.61
Goodwill	23.24	23.24	23.24	23.24	-	-
Other Intangible Assets	123.51	127.93	122.26	97.25	41.61	31.45
Long-Term Accounts Receivable	-	65.75	63.32	27.47	41.22	80.45
Long-Term Deferred Tax Assets	40.61	42.28	40.11	39.07	20.62	11.35
Long-Term Deferred Charges	35.19	29.02	38.44	39.82	19.91	16.31
Other Long-Term Assets	73.29	8.91	10.1	8.77	38.01	7.88
Total Assets	4,807	5,126	4,710	4,618	3,700	3,158
Accounts Payable	403.55	815.69	767.1	697.98	487.46	454.26
Accrued Expenses	51.91	56.94	30.03	44.29	12.17	11.98
Current Portion of Leases	-	31.86	22.08	32.01	13.45	17.52
Current Income Taxes Payable	16.24	3.33	7.28	18.78	0.72	12.75
Current Unearned Revenue	780.93	699.28	637.28	791.43	490.34	173.06
Other Current Liabilities	25.09	67.36	52.48	54.8	36.58	13.68
Total Current Liabilities	1,310	1,674	1,516	1,639	1,041	683.25
Long-Term Leases	50.48	54.68	72.17	81.9	13.96	14.1
Long-Term Unearned Revenue	13.46	13.66	17.81	7.85	14.25	10.19
Long-Term Deferred Tax Liabilities	39.18	41.63	35.8	35.31	11.74	0.84
Other Long-Term Liabilities	38.83	36.8	42.61	32.88	29.97	18.3
Total Liabilities	1,452	1,821	1,685	1,797	1,111	726.68
Common Stock	564.7	564.7	564.7	564.7	564.7	564.7
Additional Paid-In Capital	1,715	1,715	1,715	1,715	1,715	1,715
Retained Earnings	1,029	980.04	708.85	518.86	309.77	152.02
Comprehensive Income & Other	0.07	0.07	-	-	-	-
Total Common Equity	3,310	3,260	2,988	2,798	2,589	2,432
Minority Interest	45.87	44.51	37.09	22.59	-	-
Shareholders' Equity	3,355	3,305	3,025	2,821	2,589	2,432
Total Liabilities & Equity	4,807	5,126	4,710	4,618	3,700	3,158
Total Debt	82.59	86.54	94.24	113.91	27.41	31.62
Net Cash (Debt)	1,831	2,095	2,324	2,415	2,382	2,248
Net Cash Growth	-4.35%	-9.83%	-3.78%	1.38%	5.95%	62.16%
Net Cash Per Share	3.29	3.73	4.14	4.29	4.17	4.72
Filing Date Shares Outstanding	547.96	564.7	564.7	564.7	564.7	564.7
Total Common Shares Outstanding	547.96	564.7	564.7	564.7	564.7	564.7
Working Capital	2,646	2,587	2,338	2,343	2,339	2,192
Book Value Per Share	6.04	5.77	5.29	4.96	4.59	4.31
Tangible Book Value	3,163	3,109	2,843	2,678	2,548	2,400
Tangible Book Value Per Share	5.77	5.51	5.03	4.74	4.51	4.25
Buildings	-	25.4	25.84	28.45	1.99	1.99
Machinery	-	696.76	646.05	567.57	415.76	356.1
Construction In Progress	-	1.89	4.62	1.9	3.84	6.15

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