SHA:688279 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	677.11	299.8	297.36	608.7	519.59	391.77
Short-Term Investments	-	2,570	298.31	73.53	27.42	-
Trading Asset Securities	944.47	1,061	824.4	1,071	1,468	-
Cash & Short-Term Investments	1,622	3,931	1,420	1,753	2,015	391.77
Cash Growth	38.46%	176.85%	-18.98%	-13.00%	414.23%	43.62%
Accounts Receivable	20.72	12.49	5.64	5.77	1.43	2.76
Other Receivables	2.43	5.3	3.16	1.72	1.37	1.03
Receivables	23.14	17.79	8.8	7.49	2.8	3.8
Inventory	202.76	188.29	160.48	173	156.23	60.68
Other Current Assets	2,445	58.08	46.84	37.17	54.23	49.99
Total Current Assets	4,293	4,196	1,636	1,970	2,228	506.23
Property, Plant & Equipment	176.22	177.23	166.15	18.46	13.3	8.56
Long-Term Investments	584.11	581.13	795.06	461.01	110.94	-
Other Intangible Assets	28.01	29.08	29.7	29.69	3.02	1.82
Long-Term Deferred Tax Assets	18.48	22.69	15.6	10.1	1.75	0.83
Long-Term Deferred Charges	1.18	1.29	0.84	0.7	0.35	0.71
Other Long-Term Assets	222.14	217.04	5.71	3.28	15.69	3.62
Total Assets	5,323	5,224	2,649	2,494	2,373	521.77
Accounts Payable	67.25	13.66	0.65	6.28	4.2	0.57
Accrued Expenses	12.74	69.52	52.24	40.2	30.88	23.1
Current Portion of Long-Term Debt	4.85	0.81	1.7	2.15	0.54	-
Current Portion of Leases	-	3.97	3.64	3.9	3.22	1.93
Current Income Taxes Payable	4.12	0.92	0.25	-	-	0.02
Current Unearned Revenue	5.82	4.85	1.28	1.03	0.51	1.98
Other Current Liabilities	15	41.37	19.19	39.42	51.29	70.71
Total Current Liabilities	109.78	135.1	78.95	92.98	90.64	98.3
Long-Term Debt	-	0.84	-	1.65	0.57	-
Long-Term Leases	7.35	8.45	12.43	3.72	5.45	1.97
Long-Term Unearned Revenue	4.49	5.21	4.93	3.45	2.4	0.05
Long-Term Deferred Tax Liabilities	-	-	-	0.77	0.97	0
Other Long-Term Liabilities	-	-	-	-	17.84	-
Total Liabilities	121.62	149.6	96.32	102.57	117.87	100.32
Common Stock	115.11	114.83	92.36	92.36	92.36	69.27
Additional Paid-In Capital	4,259	4,240	1,888	1,872	1,865	156.65
Retained Earnings	828.86	740.6	593.55	427.46	296.95	195.59
Treasury Stock	-	-20.02	-20.02	-	-	-
Comprehensive Income & Other	-1.33	-1.33	-0.77	-0.83	0.26	-0.06
Shareholders' Equity	5,201	5,075	2,553	2,391	2,255	421.45
Total Liabilities & Equity	5,323	5,224	2,649	2,494	2,373	521.77
Total Debt	12.2	14.07	17.77	11.41	9.78	3.9
Net Cash (Debt)	1,609	3,917	1,402	1,741	2,005	387.88
Net Cash Growth	39.62%	179.36%	-19.47%	-13.14%	416.88%	50.20%
Net Cash Per Share	15.02	38.47	15.14	18.82	23.72	5.59
Filing Date Shares Outstanding	114.63	114.64	92.17	92.36	92.36	69.27
Total Common Shares Outstanding	114.63	114.64	92.17	92.36	92.36	69.27
Working Capital	4,183	4,061	1,557	1,877	2,137	407.93
Book Value Per Share	45.37	44.26	27.70	25.89	24.42	6.08
Tangible Book Value	5,173	5,045	2,523	2,361	2,252	419.64
Tangible Book Value Per Share	45.13	44.01	27.38	25.57	24.38	6.06
Buildings	-	134.44	134.44	-	-	-
Machinery	-	37.75	22.43	16.18	8.84	7.42
Construction In Progress	-	11.55	3.21	1	-	-

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