SHA:688251 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	190.97	-	356.36	256.31	383.69	133.49
Trading Asset Securities	140.6	-	-	70.89	-	-
Cash & Short-Term Investments	331.57	374.25	356.36	327.2	383.69	133.49
Cash Growth	-15.33%	5.02%	8.91%	-14.72%	187.44%	64.94%
Accounts Receivable	643.29	-	678.51	541.29	418.1	388.53
Other Receivables	10.49	-	16.99	11.43	9.8	6.55
Receivables	653.78	-	695.5	552.72	427.9	395.07
Inventory	221.42	-	428.27	268.79	195.98	169.2
Other Current Assets	40.49	-	26.46	68.07	15.55	25.92
Total Current Assets	1,247	-	1,507	1,217	1,023	723.68
Property, Plant & Equipment	192.62	-	132.52	106.38	95.3	88.07
Long-Term Investments	74.34	-	42.31	180.06	141.81	-
Other Intangible Assets	53.83	-	14.65	13.22	13.69	13.95
Long-Term Deferred Tax Assets	22.88	-	18.54	13.05	10.73	7.75
Long-Term Deferred Charges	0.28	-	0.28	-	-	-
Other Long-Term Assets	17.13	-	7.4	4.41	1.74	-
Total Assets	1,608	-	1,722	1,534	1,286	833.44
Accounts Payable	459.95	-	465.27	371.53	285.09	260.53
Accrued Expenses	13.03	-	25.82	20.96	23.19	20.46
Short-Term Debt	69.18	-	57.22	52.04	30.02	65.07
Current Portion of Leases	-	-	1.1	1.06	1.29	0.53
Current Income Taxes Payable	-	-	3.3	3.85	6.26	7.74
Current Unearned Revenue	182.09	-	300.3	259.03	141.23	197.5
Other Current Liabilities	24.28	-	15.36	13.42	15.38	25.66
Total Current Liabilities	748.52	-	868.36	721.88	502.46	577.5
Long-Term Debt	-	-	-	-	-	10.01
Long-Term Leases	1.81	-	0.29	0.91	1.97	0.28
Long-Term Unearned Revenue	1.3	-	1.76	2.29	3.54	4.79
Long-Term Deferred Tax Liabilities	0.39	-	0.31	0.15	0.19	-
Other Long-Term Liabilities	11.05	-	10.6	8.05	6.67	6.64
Total Liabilities	763.09	-	881.32	733.29	514.83	599.23
Common Stock	100.6	-	86.85	59.43	59.43	44.57
Additional Paid-In Capital	480.67	-	487.85	514.81	513.86	62.28
Retained Earnings	260.78	-	264.53	234.62	198.27	127.37
Treasury Stock	-4.07	-	-	-9.12	-	-
Comprehensive Income & Other	5.31	-	1.73	0.87	-	-
Shareholders' Equity	845.27	836.52	840.96	800.61	771.56	234.21
Total Liabilities & Equity	1,608	-	1,722	1,534	1,286	833.44
Total Debt	70.99	82.14	58.61	54.01	33.29	75.89
Net Cash (Debt)	260.58	292.12	297.75	273.19	350.4	57.59
Net Cash Growth	-9.81%	-1.89%	8.99%	-22.04%	508.42%	169.77%
Net Cash Per Share	2.42	2.92	2.99	2.73	4.00	0.77
Filing Date Shares Outstanding	102.73	100.6	100.74	99.41	99.96	74.97
Total Common Shares Outstanding	102.73	100.6	100.74	99.41	99.96	74.97
Working Capital	498.75	-	638.23	494.9	520.66	146.18
Book Value Per Share	8.21	8.30	8.35	8.05	7.72	3.12
Tangible Book Value	789.46	788.97	826.31	787.39	757.87	220.26
Tangible Book Value Per Share	7.69	7.83	8.20	7.92	7.58	2.94
Buildings	-	-	84.72	68.4	68.4	68.4
Machinery	-	-	45.54	39.48	28.53	24.91
Construction In Progress	-	-	44.53	31.91	23.89	16.58

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