SHA:688299 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	394.1	355.85	285.96	347.26	376.49	518.44
Trading Asset Securities	-	-	-	40	50	200.36
Cash & Short-Term Investments	394.1	355.85	285.96	387.26	426.49	718.81
Cash Growth	50.97%	24.44%	-26.16%	-9.20%	-40.67%	-1.54%
Accounts Receivable	579.26	582.58	659.09	614.69	508.23	501.09
Other Receivables	5.55	0.68	51.96	55.47	19.32	13.36
Receivables	584.81	583.25	711.05	670.16	527.55	514.45
Inventory	206.79	215.68	260.71	272.4	212.52	168.21
Other Current Assets	111.43	88.44	45.84	22.78	19.07	25.07
Total Current Assets	1,297	1,243	1,304	1,353	1,186	1,427
Property, Plant & Equipment	1,666	1,684	1,837	1,769	1,119	833.39
Long-Term Investments	43.16	43.58	8.69	11.55	3.67	-
Other Intangible Assets	192.57	193.67	190.51	165.58	171.65	133.16
Long-Term Deferred Tax Assets	23.82	24.56	19.29	20.75	20.53	20.38
Long-Term Deferred Charges	1.03	0.77	1.25	1.86	1.79	3.03
Other Long-Term Assets	-	2.38	22.36	15.51	199.05	70.01
Total Assets	3,224	3,192	3,383	3,337	2,701	2,487
Accounts Payable	349.11	379.5	437.04	415.6	274.9	273.34
Accrued Expenses	9.25	21.59	26.37	35.42	29.73	21.95
Short-Term Debt	213.99	129.78	47.93	9.51	30.02	50.05
Current Portion of Long-Term Debt	121.45	115.95	130.99	32.06	-	-
Current Income Taxes Payable	9.9	13.25	3.38	3.95	2.94	6.85
Current Unearned Revenue	7.67	2.95	0.66	0.98	2.1	4.55
Other Current Liabilities	46.99	66.67	82.75	66.95	59.46	69.82
Total Current Liabilities	758.35	729.7	729.13	564.46	399.14	426.55
Long-Term Debt	390.54	396.2	462.34	494.78	146.31	-
Long-Term Unearned Revenue	111.88	113.74	102.65	95.38	81.72	72.07
Long-Term Deferred Tax Liabilities	2.2	2.2	1.24	1.44	1.6	-
Total Liabilities	1,263	1,242	1,295	1,156	628.78	498.62
Common Stock	287.39	287.39	290.5	290.5	286.83	285.18
Additional Paid-In Capital	1,152	1,152	1,199	1,199	1,156	1,130
Retained Earnings	563.19	552.04	695.62	739.17	657.95	572.86
Treasury Stock	-50.1	-50.1	-100.12	-50.02	-30.01	-
Comprehensive Income & Other	8.11	8.37	2.19	1.97	1.92	-0.35
Shareholders' Equity	1,961	1,950	2,087	2,181	2,073	1,988
Total Liabilities & Equity	3,224	3,192	3,383	3,337	2,701	2,487
Total Debt	725.98	641.93	641.27	536.35	176.34	50.05
Net Cash (Debt)	-331.88	-286.08	-355.31	-149.08	250.15	668.76
Net Cash Growth	-	-	-	-	-62.59%	-5.81%
Net Cash Per Share	-1.18	-1.02	-1.21	-0.53	0.88	2.33
Filing Date Shares Outstanding	278.59	325.54	282.29	287.39	285	285.18
Total Common Shares Outstanding	278.59	325.54	282.29	287.39	285	285.18
Working Capital	538.78	513.52	574.44	788.15	786.48	999.98
Book Value Per Share	7.04	5.99	7.39	7.59	7.27	6.97
Tangible Book Value	1,768	1,756	1,897	2,015	1,901	1,855
Tangible Book Value Per Share	6.35	5.40	6.72	7.01	6.67	6.50
Buildings	-	-	888.82	826.31	519.97	261.89
Machinery	-	-	1,040	1,054	711.19	631.55
Construction In Progress	-	-	303.28	205.96	143.27	143.62

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