SHA:688270 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	907.51	1,020	684.66	1,593	1,676	192.98
Trading Asset Securities	200.33	101.01	700.98	-	-	-
Cash & Short-Term Investments	1,108	1,121	1,386	1,593	1,676	192.98
Cash Growth	-18.90%	-19.11%	-13.02%	-4.94%	768.40%	-3.48%
Accounts Receivable	631.34	562.62	444.77	383.18	280.16	175.15
Other Receivables	0.83	0.38	0.37	1.79	0.03	0.04
Receivables	632.17	563	445.14	384.97	280.19	175.18
Inventory	87.56	113.3	85.62	106.06	71.72	29.8
Other Current Assets	19.91	21.93	31.4	33.58	44.8	38.28
Total Current Assets	1,847	1,819	1,948	2,118	2,073	436.24
Property, Plant & Equipment	231.14	235.89	252.26	68.77	40.5	28.14
Long-Term Investments	27.81	29.93	35.26	34.34	42.76	37.26
Other Intangible Assets	0.34	0.41	0.8	1.28	1.61	0.6
Long-Term Deferred Charges	-	-	-	20.41	-	-
Other Long-Term Assets	337.74	336.28	0.46	2.74	11.36	0.07
Total Assets	2,447	2,422	2,237	2,245	2,169	502.31
Accounts Payable	117.55	121.53	3.24	5.64	21.69	3.5
Accrued Expenses	8.1	15.58	16.77	32.58	32.46	24.19
Short-Term Debt	-	-	51.04	44	-	-
Current Portion of Long-Term Debt	0.54	0.53	-	-	-	-
Current Portion of Leases	-	-	0.2	0.55	0.33	-
Current Income Taxes Payable	6.37	5.41	-	-	0.05	0.02
Current Unearned Revenue	4.85	9.55	16.38	13.67	22.11	13.89
Other Current Liabilities	12.98	12.5	5.32	12.52	2.48	0.16
Total Current Liabilities	150.38	165.1	92.94	108.96	79.12	41.76
Long-Term Leases	0.56	0.66	0.54	0.21	0.35	-
Long-Term Unearned Revenue	-	-	-	0.78	0.47	-
Other Long-Term Liabilities	1.65	1.65	1.65	0.96	0.23	-
Total Liabilities	152.59	167.42	95.13	110.92	80.17	41.76
Common Stock	214.05	214.05	214.05	152.89	109.21	81.9
Additional Paid-In Capital	1,750	1,749	1,745	1,790	1,828	304.82
Retained Earnings	350.99	311.41	182.87	191.02	151.3	73.82
Treasury Stock	-20	-20	-	-	-	-
Shareholders' Equity	2,295	2,254	2,141	2,134	2,089	460.55
Total Liabilities & Equity	2,447	2,422	2,237	2,245	2,169	502.31
Total Debt	1.09	1.2	51.78	44.76	0.68	-
Net Cash (Debt)	1,107	1,120	1,334	1,548	1,675	192.98
Net Cash Growth	-18.94%	-16.06%	-13.85%	-7.57%	768.05%	-3.48%
Net Cash Per Share	5.19	5.22	5.98	7.26	8.00	1.21
Filing Date Shares Outstanding	219.89	213.53	214.05	214.05	214.05	160.52
Total Common Shares Outstanding	219.89	213.53	214.05	214.05	214.05	160.52
Working Capital	1,697	1,654	1,855	2,009	1,993	394.48
Book Value Per Share	10.44	10.56	10.00	9.97	9.76	2.87
Tangible Book Value	2,294	2,254	2,141	2,133	2,087	459.95
Tangible Book Value Per Share	10.43	10.56	10.00	9.97	9.75	2.87
Buildings	-	-	190.58	-	-	-
Machinery	-	-	104.74	90.51	58.35	39.65
Construction In Progress	-	-	-	0.37	-	-

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