SHA:688275 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	6,880	4,671	2,919	3,714	4,780	310.19
Short-Term Investments	-	-	21.99	-	-	-
Trading Asset Securities	40.07	-	270.76	327.91	1,340	-
Cash & Short-Term Investments	6,920	4,671	3,211	4,042	6,120	310.19
Cash Growth	66.22%	45.46%	-20.55%	-33.95%	1873.08%	270.15%
Accounts Receivable	4,493	3,312	2,904	3,445	3,043	1,495
Other Receivables	5.18	55.44	11.54	9.72	18.27	0.67
Receivables	4,499	3,368	2,916	3,455	3,061	1,495
Inventory	1,931	1,155	943.68	746.62	2,422	304.36
Prepaid Expenses	-	-	-	0.66	3.81	-
Other Current Assets	460.31	293.91	321.48	1,069	1,018	280.75
Total Current Assets	13,810	9,488	7,393	9,314	12,625	2,391
Property, Plant & Equipment	8,433	8,528	9,119	9,060	5,423	1,911
Long-Term Investments	135.17	86.3	145.1	195.09	367.65	24
Other Intangible Assets	491.89	495.72	505.22	468.59	407.84	138.65
Long-Term Deferred Tax Assets	412.94	435.09	341.37	254.08	55.34	26.76
Long-Term Deferred Charges	21.07	25.28	51.59	18.99	4.19	2.06
Other Long-Term Assets	170.98	114.44	121.19	121.17	975.53	171.97
Total Assets	23,475	19,174	17,676	19,432	19,859	4,665
Accounts Payable	4,987	4,137	3,224	3,588	5,104	738.95
Accrued Expenses	43.55	58.54	93.61	126.08	58.24	50.71
Short-Term Debt	8,629	5,810	3,471	3,412	1,641	823.11
Current Portion of Long-Term Debt	1,285	1,248	2,185	660.3	119.43	11
Current Portion of Leases	-	-	16.36	11.76	1.51	1.04
Current Income Taxes Payable	37.56	54.86	0.57	1.57	23.11	31.7
Current Unearned Revenue	124.86	131.89	2.93	2.5	261.6	864.14
Other Current Liabilities	398.31	386.4	211.05	147.86	870.34	221.73
Total Current Liabilities	15,505	11,826	9,204	7,950	8,079	2,742
Long-Term Debt	1,289	1,064	1,741	3,744	2,398	175.71
Long-Term Leases	10.23	11.1	16.15	78.19	153.35	1.15
Long-Term Unearned Revenue	89.39	92.06	88.86	56.79	25.54	18.52
Long-Term Deferred Tax Liabilities	16.3	5.49	6.38	11.16	7.84	1.08
Other Long-Term Liabilities	1,078	1,106	1,032	999.33	472.65	153.76
Total Liabilities	17,987	14,105	12,089	12,840	11,136	3,093
Common Stock	126.12	126.12	126.12	126.12	85.22	63.91
Additional Paid-In Capital	7,265	7,261	7,263	7,263	7,320	1,197
Retained Earnings	-1,548	-1,947	-1,489	-618.17	1,185	226.72
Treasury Stock	-119.68	-119.68	-119.68	-44.94	-	-
Comprehensive Income & Other	-209.62	-206.27	-162.91	-139.69	-	-
Total Common Equity	5,514	5,115	5,618	6,586	8,590	1,487
Minority Interest	-25.5	-45.47	-29.94	5.69	132.26	84.73
Shareholders' Equity	5,488	5,069	5,588	6,592	8,722	1,572
Total Liabilities & Equity	23,475	19,174	17,676	19,432	19,859	4,665
Total Debt	11,212	8,133	7,429	7,907	4,313	1,012
Net Cash (Debt)	-4,292	-3,462	-4,218	-3,865	1,807	-701.82
Net Cash Per Share	-34.86	-28.09	-33.92	-30.66	17.65	-7.61
Filing Date Shares Outstanding	123.38	123.65	123.2	125.37	126.12	94.59
Total Common Shares Outstanding	123.38	123.65	123.2	125.37	126.12	94.59
Working Capital	-1,694	-2,338	-1,812	1,363	4,546	-351.72
Book Value Per Share	44.69	41.36	45.60	52.53	68.11	15.72
Tangible Book Value	5,022	4,619	5,112	6,117	8,182	1,349
Tangible Book Value Per Share	40.70	37.35	41.50	48.79	64.88	14.26
Buildings	-	-	3,465	2,628	1,571	747.14
Machinery	-	-	5,967	3,919	2,304	871.5
Construction In Progress	-	-	1,117	3,348	2,026	596.58

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