SHA:688269 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	189.78	214.68	304.2	316.25	460.32	415.21
Trading Asset Securities	-	-	-	-	-	100.56
Cash & Short-Term Investments	189.78	214.68	304.2	316.25	460.32	515.76
Cash Growth	43.10%	-29.43%	-3.81%	-31.30%	-10.75%	332.93%
Accounts Receivable	677.85	326.64	268.93	223.97	205.56	208.72
Other Receivables	4.59	4.66	6.44	6.28	6.63	7.07
Receivables	682.44	331.3	275.37	230.25	212.19	215.79
Inventory	557.74	456.18	332.66	196.09	352.77	193.14
Other Current Assets	66.67	55.31	70.94	48.49	16.19	12.04
Total Current Assets	1,497	1,057	983.18	791.07	1,041	936.73
Property, Plant & Equipment	935.75	929.11	840.85	618.82	376.03	160.38
Long-Term Investments	36.81	38.41	42.29	44.89	46.95	5.75
Other Intangible Assets	148.61	149.48	152.06	37.75	38.02	38.57
Long-Term Deferred Tax Assets	13.41	11.65	3.99	2.15	1.38	1.16
Other Long-Term Assets	9.86	9.71	28.97	37.82	25.37	12.99
Total Assets	2,641	2,196	2,051	1,532	1,529	1,156
Accounts Payable	185.57	207.19	185.49	106.05	95.52	58.04
Accrued Expenses	17.38	17.6	16.93	19.05	32.71	26.95
Short-Term Debt	876.3	464.25	463.45	204.13	240.48	69.62
Current Portion of Long-Term Debt	28.31	30.82	14.13	8.11	-	-
Current Portion of Leases	-	-	-	-	-	5.97
Current Income Taxes Payable	11.22	3.6	0.7	0.01	7.04	4.02
Current Unearned Revenue	68.4	46.79	35.26	7.52	48.03	23.16
Other Current Liabilities	24.98	70.14	58.78	29.59	36.3	34.73
Total Current Liabilities	1,212	840.38	774.73	374.46	460.09	222.49
Long-Term Debt	164.17	148.63	115	84	50.07	50.07
Long-Term Unearned Revenue	123.46	111.67	109.33	79.39	48.88	40.86
Long-Term Deferred Tax Liabilities	0.22	0.25	0.26	0.21	0.34	0.11
Total Liabilities	1,500	1,101	999.32	538.06	559.37	313.54
Common Stock	130.7	130.7	130.7	130.7	130.7	93.36
Additional Paid-In Capital	449.73	449.73	449.73	449.73	449.73	487.07
Retained Earnings	529.41	481.06	437.36	410.09	388.71	260.96
Comprehensive Income & Other	-8.97	-7.6	-4.31	-2.1	0.7	0.64
Total Common Equity	1,101	1,054	1,013	988.43	969.84	842.03
Minority Interest	40.18	40.99	38.53	6	-	-
Shareholders' Equity	1,141	1,095	1,052	994.43	969.84	842.03
Total Liabilities & Equity	2,641	2,196	2,051	1,532	1,529	1,156
Total Debt	1,069	643.7	592.57	296.24	290.55	125.67
Net Cash (Debt)	-878.99	-429.03	-288.37	20.01	169.77	390.1
Net Cash Growth	-	-	-	-88.21%	-56.48%	562.44%
Net Cash Per Share	-6.67	-3.27	-2.21	0.15	1.30	3.41
Filing Date Shares Outstanding	130.66	130.7	130.7	130.7	130.7	130.7
Total Common Shares Outstanding	130.66	130.7	130.7	130.7	130.7	130.7
Working Capital	284.48	217.08	208.45	416.61	581.38	714.23
Book Value Per Share	8.43	8.06	7.75	7.56	7.42	6.44
Tangible Book Value	952.26	904.41	861.43	950.68	931.82	803.47
Tangible Book Value Per Share	7.29	6.92	6.59	7.27	7.13	6.15
Buildings	-	-	554.63	480.3	78.47	78.47
Machinery	-	-	203.12	113.35	57.02	20
Construction In Progress	-	-	145.15	65.92	271.87	61.82

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