SHA:688277 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	174.46	264.15	260.2	310.86	211.39	287.11
Trading Asset Securities	33.62	41.65	-	50.04	40.2	120.63
Cash & Short-Term Investments	208.08	305.8	260.2	360.9	251.59	407.74
Cash Growth	-25.07%	17.53%	-27.90%	43.45%	-38.30%	-43.42%
Accounts Receivable	48.6	34.76	70.96	49.66	35.37	37.52
Other Receivables	11.26	10.34	12.53	9.52	11.85	10.16
Receivables	59.86	45.1	83.49	59.18	47.23	47.68
Inventory	54.39	47.29	31.67	26.23	43.8	37.94
Prepaid Expenses	-	-	-	-	2.99	2.75
Other Current Assets	46.75	44.7	62.61	42.49	27.8	11.3
Total Current Assets	369.08	442.89	437.97	488.8	373.41	507.42
Property, Plant & Equipment	435.14	430.39	422.67	450.35	279.47	112.35
Long-Term Investments	614.61	617.67	596.02	454.34	467.02	265.22
Other Intangible Assets	39.88	41.91	16.34	10.28	6.69	7.61
Long-Term Accounts Receivable	-	-	8.25	1.65	-	3.41
Long-Term Deferred Tax Assets	9.35	9.14	54.19	77.87	86	54.16
Long-Term Deferred Charges	21.93	15.32	32.54	13.85	19.38	20.23
Other Long-Term Assets	153.6	157.02	123.73	122.34	174.98	308.64
Total Assets	1,644	1,714	1,692	1,619	1,407	1,279
Accounts Payable	45.91	45.75	27.84	27.79	22.52	9.63
Accrued Expenses	16.28	31.56	35.65	43.17	53.73	37.83
Short-Term Debt	13.74	16.38	25.78	32.81	-	-
Current Portion of Long-Term Debt	23.03	23.12	18.19	20.68	3.29	-
Current Portion of Leases	-	-	3.94	4.9	33.47	22.59
Current Income Taxes Payable	2.11	1.34	-	-	-	-
Current Unearned Revenue	26.9	42.15	38.66	17.61	32.11	31.56
Other Current Liabilities	2.26	3.28	6.53	20.08	13.26	11.62
Total Current Liabilities	130.22	163.58	156.6	167.04	158.38	113.23
Long-Term Debt	150.15	154.25	150.37	157.75	21.25	-
Long-Term Leases	3.47	3.35	0.26	3.75	40.41	48.17
Long-Term Unearned Revenue	1.21	1.53	7.21	4.31	11.8	20.7
Long-Term Deferred Tax Liabilities	53.59	53.61	57.89	42.25	52.37	22.56
Other Long-Term Liabilities	112.92	112.01	39.24	6.85	5.18	6.82
Total Liabilities	451.55	488.34	411.58	381.95	289.39	211.48
Common Stock	455.99	455.99	449.39	449.39	419.85	419.85
Additional Paid-In Capital	1,160	1,143	1,045	1,031	668.47	670.68
Retained Earnings	-781.81	-735.36	-551.92	-467.22	-310.83	-192.12
Comprehensive Income & Other	323	322.47	325.47	224.81	266.2	108.54
Total Common Equity	1,157	1,186	1,268	1,238	1,044	1,007
Minority Interest	35.24	39.52	12.29	-	73.88	60.62
Shareholders' Equity	1,192	1,226	1,280	1,238	1,118	1,068
Total Liabilities & Equity	1,644	1,714	1,692	1,619	1,407	1,279
Total Debt	190.38	197.09	198.54	219.89	98.42	70.76
Net Cash (Debt)	17.7	108.71	61.65	141.01	153.17	336.98
Net Cash Growth	-74.52%	76.32%	-56.28%	-7.94%	-54.55%	-53.24%
Net Cash Per Share	0.04	0.24	0.14	0.32	0.36	0.80
Filing Date Shares Outstanding	464.5	455.99	449.39	449.39	419.85	419.85
Total Common Shares Outstanding	464.5	455.99	449.39	449.39	419.85	419.85
Working Capital	238.86	279.31	281.37	321.76	215.03	394.19
Book Value Per Share	2.49	2.60	2.82	2.75	2.49	2.40
Tangible Book Value	1,117	1,145	1,252	1,227	1,037	999.34
Tangible Book Value Per Share	2.40	2.51	2.78	2.73	2.47	2.38
Buildings	-	-	364.64	360.55	132.86	-
Machinery	-	-	118.95	110.43	108.47	63.3
Construction In Progress	-	-	-	10.13	-	-

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