SHA:688281 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	600.54	967.14	1,059	1,085	879.55	131.39
Trading Asset Securities	2,431	2,293	1,992	1,820	2,070	-
Cash & Short-Term Investments	3,032	3,260	3,051	2,905	2,950	131.39
Cash Growth	1.07%	6.85%	5.04%	-1.54%	2145.20%	421.43%
Accounts Receivable	1,068	989.91	870.6	957.92	644.25	416.49
Other Receivables	5.34	5.68	4.24	2.42	5.65	9.61
Receivables	1,073	995.59	874.85	960.34	649.9	426.1
Inventory	352.73	273.49	219.89	125.12	43.76	34.16
Other Current Assets	93.61	100.63	53.92	20.49	2.82	15.46
Total Current Assets	4,551	4,630	4,200	4,011	3,646	607.11
Property, Plant & Equipment	1,739	1,724	1,488	756.34	325.74	108.38
Long-Term Investments	26.87	26.92	39.1	42.54	13.5	-
Goodwill	106.41	106.48	-	-	-	-
Other Intangible Assets	169.49	174.41	139.91	110.8	45.84	46.69
Long-Term Deferred Tax Assets	84.35	78.75	81.77	63.8	6.5	3.91
Long-Term Deferred Charges	41.81	42.89	33.26	2.05	0.4	0.62
Other Long-Term Assets	24.15	18.88	64.53	175.59	181.05	1.68
Total Assets	6,744	6,802	6,047	5,162	4,219	768.39
Accounts Payable	459.18	487.51	476.87	394.83	255.79	75.79
Accrued Expenses	16.38	28.81	43.26	34.35	28.51	20.22
Short-Term Debt	335.57	419.71	73.23	133.93	-	-
Current Portion of Long-Term Debt	103.75	103.44	13.54	0.12	-	5
Current Portion of Leases	-	-	5.99	3.79	-	0.21
Current Income Taxes Payable	17.53	22.3	16.57	25.98	17.61	16.17
Current Unearned Revenue	28.96	26.5	20.98	14.72	3.8	1.41
Other Current Liabilities	36.17	29.26	11.82	5.57	2.47	3.88
Total Current Liabilities	997.54	1,118	662.26	613.3	308.18	122.68
Long-Term Debt	521.85	518.59	544.53	178.92	-	64
Long-Term Leases	107.51	109.01	108.1	6.25	-	0.22
Long-Term Unearned Revenue	113.4	113.66	55.3	49.78	45.97	45.55
Long-Term Deferred Tax Liabilities	4.12	3.54	3.1	4.36	3.45	-
Total Liabilities	1,744	1,862	1,373	852.6	357.59	232.45
Common Stock	272.57	272.57	194.69	139.07	93.33	50
Additional Paid-In Capital	2,988	2,987	3,061	3,113	3,062	147.16
Retained Earnings	1,526	1,464	1,317	950.28	648.87	338.79
Comprehensive Income & Other	-7.64	-7.64	-	-	-	-
Total Common Equity	4,779	4,716	4,573	4,203	3,804	535.94
Minority Interest	219.97	224.21	100.66	106.45	57.57	-
Shareholders' Equity	4,999	4,940	4,674	4,309	3,862	535.94
Total Liabilities & Equity	6,744	6,802	6,047	5,162	4,219	768.39
Total Debt	1,069	1,151	745.38	323.02	-	69.43
Net Cash (Debt)	1,963	2,109	2,306	2,582	2,950	61.96
Net Cash Growth	-11.39%	-8.52%	-10.69%	-12.48%	4661.24%	-
Net Cash Per Share	7.22	7.76	8.47	9.47	13.63	0.30
Filing Date Shares Outstanding	272.63	272.57	272.57	272.57	272.57	204.43
Total Common Shares Outstanding	272.63	272.57	272.57	272.57	272.57	204.43
Working Capital	3,554	3,512	3,538	3,397	3,338	484.43
Book Value Per Share	17.53	17.30	16.78	15.42	13.96	2.62
Tangible Book Value	4,503	4,435	4,433	4,092	3,758	489.26
Tangible Book Value Per Share	16.52	16.27	16.26	15.01	13.79	2.39
Buildings	-	-	233.33	137.79	78.25	77.32
Machinery	-	-	424.71	192.57	77.31	47.47
Construction In Progress	-	-	796.82	456.59	195.55	0.12

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