SHA:688287 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	120.24	172.13	320.36	188.22	278.03	377.15
Short-Term Investments	-	-	-	1.36	-	-
Trading Asset Securities	-	-	-	-	10	8
Cash & Short-Term Investments	120.24	172.13	320.36	189.58	288.03	385.15
Cash Growth	-53.63%	-46.27%	68.99%	-34.18%	-25.21%	-18.86%
Accounts Receivable	214.32	183.65	148.42	176.33	118.96	92.18
Other Receivables	2.8	-	-	-	140.29	-
Receivables	217.12	183.65	148.42	176.33	259.25	92.18
Inventory	67.71	60.51	42.6	48.04	36.58	31.35
Prepaid Expenses	-	-	0.09	0.16	0.02	0.07
Other Current Assets	24.93	25.78	17.73	244.07	17.69	32.16
Total Current Assets	430.01	442.07	529.19	658.18	601.58	540.91
Property, Plant & Equipment	233.37	220.64	307.13	254.41	277.72	318.15
Other Intangible Assets	6.5	6.96	38.36	117.34	108.96	71.47
Long-Term Accounts Receivable	-	0.11	0.11	-	-	-
Long-Term Deferred Tax Assets	8.6	8.6	12.89	4.77	2.14	0.76
Long-Term Deferred Charges	19.14	19.83	1.34	12.62	41.28	13.99
Other Long-Term Assets	15.46	13.48	10.14	26.68	3.33	9.76
Total Assets	713.08	711.68	899.17	1,074	1,035	955.04
Accounts Payable	56.5	47.55	25.8	18.62	14.85	6.76
Accrued Expenses	4.03	15.71	12.09	13.81	13.04	8.43
Short-Term Debt	-	-	-	21.7	-	-
Current Portion of Long-Term Debt	1.48	0.57	-	-	-	-
Current Portion of Leases	-	0.92	-	-	-	-
Current Income Taxes Payable	11.21	-	-	0.14	10.95	3.67
Current Unearned Revenue	4.72	3.12	0.95	19.21	0.9	11.81
Other Current Liabilities	3.68	7.44	9.5	2.71	0.75	0.27
Total Current Liabilities	81.6	75.3	48.34	76.19	40.49	30.95
Long-Term Debt	4.93	5.07	6.2	-	-	-
Long-Term Leases	15.28	0.95	-	0.72	0.18	0.21
Long-Term Deferred Tax Liabilities	0.36	0.36	-	0.11	0	0
Other Long-Term Liabilities	9.64	8.07	5.81	0.07	-	-
Total Liabilities	111.81	89.75	60.35	77.09	40.67	31.16
Common Stock	370.52	370.52	370.52	370.52	308.76	237.51
Additional Paid-In Capital	312.73	312.73	312.73	312.73	374.48	445.73
Retained Earnings	-81.97	-61.31	155.57	313.66	311.09	240.64
Shareholders' Equity	601.27	621.93	838.81	996.9	994.33	923.88
Total Liabilities & Equity	713.08	711.68	899.17	1,074	1,035	955.04
Total Debt	21.69	7.51	6.2	22.42	0.18	0.21
Net Cash (Debt)	98.55	164.63	314.16	167.16	287.86	384.94
Net Cash Growth	-61.08%	-47.60%	87.94%	-41.93%	-25.22%	-18.90%
Net Cash Per Share	0.28	0.45	0.86	0.48	0.79	1.02
Filing Date Shares Outstanding	370.52	370.52	370.52	370.52	370.52	370.52
Total Common Shares Outstanding	370.52	370.52	370.52	370.52	370.52	370.52
Working Capital	348.41	366.77	480.85	581.99	561.08	509.96
Book Value Per Share	1.62	1.68	2.26	2.69	2.68	2.49
Tangible Book Value	594.77	614.97	800.45	879.56	885.37	852.41
Tangible Book Value Per Share	1.61	1.66	2.16	2.37	2.39	2.30
Buildings	-	139.64	187.69	172.9	169.74	169.74
Machinery	-	183.78	187.53	158.18	131.87	78.31
Construction In Progress	-	-	22.6	-	44.9	126.68