SHA:688272 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	154.86	187.18	223.03	238.86	285.24	374.25
Cash & Short-Term Investments	154.86	187.18	223.03	238.86	285.24	374.25
Cash Growth	-26.77%	-16.07%	-6.63%	-16.26%	-23.79%	236.69%
Accounts Receivable	184.52	194.62	221.39	176.89	195.57	190.01
Other Receivables	2.09	2.32	2.27	1.79	5.79	2.63
Receivables	186.61	196.94	223.65	178.68	201.36	192.64
Inventory	195.04	169.42	160.81	170.36	201.64	166.09
Other Current Assets	21.69	22.43	5.51	13.54	12.17	16.95
Total Current Assets	558.2	575.96	613.01	601.45	700.41	749.93
Property, Plant & Equipment	95.71	81.5	76.86	46.91	37.96	35.74
Other Intangible Assets	0.8	0.97	1.69	2.51	3.28	1.54
Long-Term Accounts Receivable	-	-	2.24	2.93	-	-
Long-Term Deferred Tax Assets	5.96	6.24	4.31	0.02	-	3.54
Long-Term Deferred Charges	26.74	27.71	31.83	11.24	3.35	3.88
Other Long-Term Assets	15.28	15.86	6.45	4.68	3.95	0.63
Total Assets	702.69	708.25	736.39	669.73	748.96	795.25
Accounts Payable	99.71	96.29	115.17	94.76	47.61	29.57
Accrued Expenses	1.18	6.3	8.33	13.71	9.18	12.94
Short-Term Debt	148.58	139.82	60.04	45.05	75.72	40.04
Current Portion of Long-Term Debt	12.06	11.98	-	-	-	-
Current Portion of Leases	-	-	13.6	9.28	9.31	9.39
Current Income Taxes Payable	0.85	1.86	0.04	0.02	4.19	5.88
Current Unearned Revenue	10.34	7.73	8.78	1.99	0.22	0.35
Other Current Liabilities	2.76	2.42	2.2	2.04	1.96	1.61
Total Current Liabilities	275.47	266.4	208.18	166.85	148.19	99.79
Long-Term Leases	28.98	29.95	24.91	11.91	16.96	16.83
Long-Term Deferred Tax Liabilities	0.06	0.01	-	0.18	0.19	-
Total Liabilities	304.51	296.36	233.09	178.94	165.35	116.61
Common Stock	76	76	76	76	76	76
Additional Paid-In Capital	478.65	478.65	477.19	476.32	472.82	472.34
Retained Earnings	-145.63	-132.19	-49.89	-61.53	34.79	130.3
Treasury Stock	-10.46	-10.46	-	-	-	-
Total Common Equity	398.56	412	503.3	490.79	583.61	678.64
Minority Interest	-0.38	-0.11	-	-	-	-
Shareholders' Equity	398.18	411.89	503.3	490.79	583.61	678.64
Total Liabilities & Equity	702.69	708.25	736.39	669.73	748.96	795.25
Total Debt	189.62	181.75	98.55	66.24	102	66.26
Net Cash (Debt)	-34.76	5.43	124.48	172.62	183.24	308
Net Cash Growth	-	-95.64%	-27.89%	-5.79%	-40.51%	319.64%
Net Cash Per Share	-0.46	0.07	1.60	2.26	2.40	5.12
Filing Date Shares Outstanding	74.69	76	76	76	76	76
Total Common Shares Outstanding	74.69	76	76	76	76	76
Working Capital	282.73	309.56	404.82	434.6	552.21	650.15
Book Value Per Share	5.34	5.42	6.62	6.46	7.68	8.93
Tangible Book Value	397.76	411.03	501.61	488.28	580.33	677.1
Tangible Book Value Per Share	5.33	5.41	6.60	6.42	7.64	8.91
Machinery	-	-	56.17	38.64	21	16.35
Construction In Progress	-	-	7.75	-	-	-

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