SHA:688280 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	547.22	548.7	78.28	288.78	897.17	1,605
Cash & Short-Term Investments	547.22	548.7	78.28	288.78	897.17	1,605
Cash Growth	505.59%	600.93%	-72.89%	-67.81%	-44.09%	729.70%
Accounts Receivable	726.94	611.98	535.69	390.75	464.23	386.07
Other Receivables	9.05	1.47	8.31	9.82	5.39	5.32
Receivables	735.99	613.46	543.99	400.57	469.63	391.39
Inventory	551.13	601.1	590.72	633.1	505.43	430.2
Other Current Assets	53.52	52.29	86.57	112.11	80.59	106.99
Total Current Assets	1,888	1,816	1,300	1,435	1,953	2,533
Property, Plant & Equipment	1,008	1,001	1,122	942.32	914.02	780.16
Other Intangible Assets	16.7	18.54	24.47	27.26	25.75	22.69
Long-Term Accounts Receivable	-	-	-	1.28	3.35	-
Long-Term Deferred Tax Assets	108.98	112.29	86.56	90.18	51.63	30.06
Long-Term Deferred Charges	27.65	27.45	29.79	27.63	4.61	3.88
Other Long-Term Assets	14.83	17.81	6.45	32.38	29.89	8.39
Total Assets	3,064	2,993	2,569	2,556	2,982	3,378
Accounts Payable	1,055	1,165	734.15	465.03	438.33	424.28
Accrued Expenses	13.88	25.27	52.7	32.68	38.3	41.89
Short-Term Debt	257.9	129.39	197.39	177.45	241.82	368.56
Current Portion of Long-Term Debt	135.84	101.63	22.29	19.95	0.03	-
Current Portion of Leases	-	-	40.11	46.88	51.1	28.11
Current Income Taxes Payable	4.71	6.28	-	-	-	-
Current Unearned Revenue	247.08	235.07	305.83	245.12	131.73	135.92
Other Current Liabilities	100.45	69.41	146.93	177.69	107.58	218.56
Total Current Liabilities	1,815	1,732	1,499	1,165	1,009	1,217
Long-Term Debt	64.9	69.9	96.8	9.7	19.9	-
Long-Term Leases	139.82	141.97	174.38	144.82	165.77	50.44
Long-Term Unearned Revenue	188.61	193.83	158.79	103.17	158.46	88.49
Long-Term Deferred Tax Liabilities	26.3	27.11	27.96	21.58	-	-
Other Long-Term Liabilities	184.65	93.72	31.48	96.56	42.8	12.68
Total Liabilities	2,419	2,258	1,989	1,541	1,396	1,369
Common Stock	590.22	590.22	590.22	590.22	590.22	590.22
Additional Paid-In Capital	2,601	2,601	2,602	2,603	2,603	2,603
Retained Earnings	-2,574	-2,483	-2,633	-2,197	-1,622	-1,196
Comprehensive Income & Other	28.61	26.55	21.16	18.57	14.77	12.6
Shareholders' Equity	644.88	734.56	579.72	1,015	1,586	2,009
Total Liabilities & Equity	3,064	2,993	2,569	2,556	2,982	3,378
Total Debt	598.46	442.88	530.96	398.8	478.63	447.11
Net Cash (Debt)	-51.24	105.82	-452.68	-110.02	418.54	1,157
Net Cash Growth	-	-	-	-	-63.84%	-
Net Cash Per Share	-0.09	0.18	-0.77	-0.19	0.71	2.49
Filing Date Shares Outstanding	609.34	590.22	590.22	590.22	590.22	590.22
Total Common Shares Outstanding	609.34	590.22	590.22	590.22	590.22	590.22
Working Capital	72.87	83.74	-199.84	269.78	943.91	1,316
Book Value Per Share	1.06	1.24	0.98	1.72	2.69	3.40
Tangible Book Value	628.18	716.01	555.25	987.73	1,560	1,987
Tangible Book Value Per Share	1.03	1.21	0.94	1.67	2.64	3.37
Buildings	-	-	217.92	103.16	94.02	85.96
Machinery	-	-	1,130	968.32	810.8	657.72
Construction In Progress	-	-	39.16	121.63	158.09	203.19

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