SHA:688256 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	1,379	1,317	1,986	3,954	2,467	2,921
Short-Term Investments	-	-	-	-	620.99	2,286
Trading Asset Securities	4,808	4,261	760.18	700.27	-	-
Cash & Short-Term Investments	6,188	5,579	2,747	4,654	3,088	5,207
Cash Growth	427.40%	103.10%	-40.98%	50.70%	-40.69%	6.80%
Accounts Receivable	1,225	676.84	334.03	683.57	811.2	514.04
Other Receivables	16.23	16.15	19.25	26.14	33.54	0.03
Receivables	1,242	692.99	353.29	709.72	844.74	514.08
Inventory	4,497	4,944	1,774	99.4	287.12	287.03
Prepaid Expenses	-	-	-	-	-	12.83
Other Current Assets	2,027	865.41	926.38	184.42	35	149.98
Total Current Assets	13,953	12,080	5,800	5,648	4,255	6,171
Property, Plant & Equipment	568.17	553.47	397.36	291.77	365.07	378.38
Long-Term Investments	465.19	419.35	306.4	310.3	836.55	137.6
Other Intangible Assets	176.42	189.11	182.76	149.93	291.15	261.03
Long-Term Deferred Tax Assets	0.33	0.37	0.04	0.29	0.46	0
Long-Term Deferred Charges	24.41	28.23	15.02	5.6	15.76	12.38
Other Long-Term Assets	213.47	166.74	15.9	12.63	6.67	28.93
Total Assets	15,401	13,438	6,718	6,418	5,771	6,989
Accounts Payable	1,617	943.29	413.07	153.74	166.4	176.58
Accrued Expenses	51.24	174.91	160.02	162.31	213.99	199.83
Short-Term Debt	-	-	100.09	-	-	-
Current Portion of Leases	13.83	14.22	12.45	35.18	62.94	53.39
Current Income Taxes Payable	236.21	1.35	1.01	3.3	2.33	4.99
Current Unearned Revenue	395.52	0.61	0.89	0.26	0.14	0.23
Other Current Liabilities	1.38	198.58	130.6	108.39	96.34	67.57
Total Current Liabilities	2,315	1,333	818.14	463.18	542.14	502.6
Long-Term Leases	2.63	2.49	1.77	5.14	41.69	41.72
Long-Term Unearned Revenue	200.89	258.86	467.16	219.82	246.76	464.62
Long-Term Deferred Tax Liabilities	0.07	0.14	0.27	0.37	0.5	-
Total Liabilities	2,523	1,594	1,287	688.51	831.1	1,009
Common Stock	421.69	421.69	417.46	416.59	400.81	400.1
Additional Paid-In Capital	11,292	11,270	9,809	9,577	7,874	7,607
Retained Earnings	1,177	164.25	-4,673	-4,221	-3,373	-2,116
Treasury Stock	-20.06	-20.06	-130.29	-123.08	-47.61	-
Total Common Equity	12,871	11,836	5,423	5,650	4,855	5,891
Minority Interest	6.99	7.08	7.82	79.69	84.83	89.25
Shareholders' Equity	12,878	11,843	5,430	5,730	4,940	5,980
Total Liabilities & Equity	15,401	13,438	6,718	6,418	5,771	6,989
Total Debt	16.46	16.71	114.31	40.31	104.64	95.11
Net Cash (Debt)	6,171	5,562	2,632	4,614	2,984	5,112
Net Cash Growth	481.47%	111.28%	-42.94%	54.63%	-41.63%	4.85%
Net Cash Per Share	9.77	8.85	4.26	7.55	5.00	8.57
Filing Date Shares Outstanding	628.26	628.26	621.65	620.46	595.92	596.15
Total Common Shares Outstanding	628.26	628.26	621.65	620.46	595.92	596.15
Working Capital	11,638	10,747	4,982	5,184	3,713	5,668
Book Value Per Share	20.49	18.84	8.72	9.11	8.15	9.88
Tangible Book Value	12,695	11,647	5,240	5,500	4,564	5,630
Tangible Book Value Per Share	20.21	18.54	8.43	8.86	7.66	9.44
Machinery	-	901.38	645.12	470.37	469.95	415.92
Construction In Progress	-	163.5	150.23	109.16	26.16	1.06

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