SHA:688273 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	397.64	816.45	461.56	991.63	1,176	272.62
Trading Asset Securities	390.36	-	433.42	105.65	40	-
Cash & Short-Term Investments	788	816.45	894.98	1,097	1,216	272.62
Cash Growth	-6.26%	-8.77%	-18.44%	-9.75%	345.98%	81.97%
Accounts Receivable	37.88	27.91	17.79	11.41	26.84	10.18
Other Receivables	0.7	0.74	1.16	1.47	1.46	0.3
Receivables	38.58	28.66	18.94	12.88	28.3	10.48
Inventory	72.6	71.99	73.05	55.02	68.59	38.49
Prepaid Expenses	-	0.11	0.16	-	-	-
Other Current Assets	23.13	13.61	14.52	6.67	7.9	19.69
Total Current Assets	922.31	930.81	1,002	1,172	1,321	341.28
Property, Plant & Equipment	468.45	470.73	327.42	207.59	154.73	123.82
Long-Term Investments	99.34	100.08	98.73	79.7	0.56	0.44
Goodwill	41.23	41.23	41.9	0.91	0.91	0.91
Other Intangible Assets	47.16	49.57	55.61	31.21	18.5	7.19
Long-Term Deferred Tax Assets	19.04	17.93	9.49	9.99	6.14	6.47
Long-Term Deferred Charges	17.1	17.54	8.13	5.27	6.59	8.03
Other Long-Term Assets	2.51	1.38	3.69	27.4	3.88	0.59
Total Assets	1,617	1,629	1,547	1,534	1,512	488.74
Accounts Payable	87.27	14.17	17.04	9.16	12.57	13.09
Accrued Expenses	11.07	33.97	37.65	23.97	26.6	32.64
Short-Term Debt	16.27	13.1	7.01	-	-	-
Current Portion of Leases	11.7	3.84	2.94	6.13	1.44	2.12
Current Income Taxes Payable	7.64	1.14	0.68	3.45	9.26	5.12
Current Unearned Revenue	40.71	51.61	51.27	45.66	47.98	33.3
Other Current Liabilities	13.83	102.94	46.38	44.86	25.7	13.85
Total Current Liabilities	188.5	220.78	162.96	133.24	123.55	100.11
Long-Term Leases	7.63	9.49	0.65	2.37	7.99	4.1
Long-Term Unearned Revenue	15.75	15.78	15.94	17.75	6.03	10.44
Long-Term Deferred Tax Liabilities	3.3	3.68	5.46	5.25	4.39	1.36
Other Long-Term Liabilities	9.02	9.94	14.64	-	-	-
Total Liabilities	224.2	259.67	199.66	158.6	141.96	116.01
Common Stock	100	100	100	100.62	100	75
Additional Paid-In Capital	986.86	984.66	984.54	999.45	982.7	92.55
Retained Earnings	337	314.07	279.91	276.8	267.48	195.95
Treasury Stock	-53.58	-53.58	-52.25	-31.09	-	-
Total Common Equity	1,370	1,345	1,312	1,346	1,350	363.5
Minority Interest	22.67	24.44	34.76	29.54	19.77	9.24
Shareholders' Equity	1,393	1,370	1,347	1,375	1,370	372.74
Total Liabilities & Equity	1,617	1,629	1,547	1,534	1,512	488.74
Total Debt	35.6	26.42	10.6	8.51	9.43	6.22
Net Cash (Debt)	752.4	790.03	884.38	1,089	1,206	266.4
Net Cash Growth	-9.53%	-10.67%	-18.77%	-9.75%	352.86%	86.98%
Net Cash Per Share	7.69	8.08	8.98	10.89	14.48	3.55
Filing Date Shares Outstanding	97.81	97.81	97.81	99.51	100	75
Total Common Shares Outstanding	97.81	97.81	97.86	100.62	100	75
Working Capital	733.81	710.03	838.7	1,039	1,197	241.17
Book Value Per Share	14.01	13.75	13.41	13.37	13.50	4.85
Tangible Book Value	1,282	1,254	1,215	1,314	1,331	355.4
Tangible Book Value Per Share	13.11	12.82	12.41	13.06	13.31	4.74
Buildings	-	348.78	112.1	112.1	112.1	112.1
Machinery	-	60.87	53.53	44.39	37.31	21.95
Construction In Progress	-	105.88	203	77.04	19.99	-

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