SHA:688308 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	376.94	234	300.01	574.75	551.04	189.12
Trading Asset Securities	70.43	75.82	371.78	589.99	536.68	256.38
Cash & Short-Term Investments	447.37	309.81	671.79	1,165	1,088	445.5
Cash Growth	-27.14%	-53.88%	-42.32%	7.08%	144.16%	-32.14%
Accounts Receivable	972.95	789.48	659.69	541.78	398.75	380.37
Other Receivables	2.36	1.71	3.56	4.33	3.16	0.27
Receivables	975.31	791.2	663.25	546.11	401.91	380.64
Inventory	923.76	727.33	631.13	494.23	373.42	272.13
Prepaid Expenses	-	-	5.88	5.37	3.1	0
Other Current Assets	405.5	167.76	104.31	91.27	40.14	38.49
Total Current Assets	2,752	1,996	2,076	2,302	1,906	1,137
Property, Plant & Equipment	1,660	1,679	1,720	1,401	1,082	642.2
Other Intangible Assets	102.06	102.76	101.68	104.04	106.34	108.61
Long-Term Deferred Tax Assets	35.07	42.72	23.53	7.76	12.24	4.52
Long-Term Deferred Charges	15.86	15.75	15.73	10.09	9.35	10.94
Other Long-Term Assets	15.28	2.6	22.16	56.03	56.75	29.93
Total Assets	4,580	3,839	3,960	3,880	3,173	1,933
Accounts Payable	290.8	223.55	527.11	445.32	422.74	124.31
Accrued Expenses	11.76	46.66	40.59	35.68	25.7	33.69
Short-Term Debt	875.38	567.44	466.28	665.03	87.02	5.01
Current Portion of Long-Term Debt	1.8	5.17	62.01	-	3	2.01
Current Portion of Leases	-	0.63	0.42	-	-	-
Current Income Taxes Payable	25.76	6.14	5.21	0.09	5.06	20.71
Current Unearned Revenue	25.06	15.59	14.46	9.82	8.63	6.75
Other Current Liabilities	329.48	197.52	93.51	117.45	87.07	194.01
Total Current Liabilities	1,560	1,063	1,210	1,273	639.24	386.48
Long-Term Debt	77.53	45.47	87.22	-	-	3
Long-Term Leases	5.54	5.48	6.52	-	-	-
Long-Term Unearned Revenue	101.81	97.44	105.72	43.46	55.65	44.74
Long-Term Deferred Tax Liabilities	-	-	-	-	10.11	4.26
Total Liabilities	1,745	1,211	1,409	1,317	705	438.48
Common Stock	158.78	158.78	158.78	158.78	112.62	100
Additional Paid-In Capital	1,695	1,695	1,695	1,695	1,719	930.13
Retained Earnings	1,007	803.36	723.38	721.31	634.61	462.53
Treasury Stock	-30.13	-30.13	-30.13	-11.93	-	-
Comprehensive Income & Other	1.86	0.82	1.19	0.28	1.47	1.83
Total Common Equity	2,833	2,628	2,548	2,563	2,468	1,494
Minority Interest	2.72	0.15	2.44	-	-	-
Shareholders' Equity	2,835	2,628	2,551	2,563	2,468	1,494
Total Liabilities & Equity	4,580	3,839	3,960	3,880	3,173	1,933
Total Debt	960.25	624.19	622.46	665.03	90.03	10.01
Net Cash (Debt)	-512.89	-314.38	49.34	499.7	997.7	435.49
Net Cash Growth	-	-	-90.13%	-49.91%	129.10%	-31.21%
Net Cash Per Share	-3.19	-1.97	0.31	3.16	7.05	3.11
Filing Date Shares Outstanding	157.53	157.53	157.53	157.97	157.66	140
Total Common Shares Outstanding	157.53	157.53	157.53	158.39	157.66	140
Working Capital	1,192	933.39	866.77	1,028	1,267	750.29
Book Value Per Share	17.98	16.68	16.18	16.18	15.65	10.67
Tangible Book Value	2,731	2,525	2,446	2,459	2,361	1,386
Tangible Book Value Per Share	17.33	16.03	15.53	15.53	14.98	9.90
Buildings	-	679.77	678.36	582.03	233.09	140.53
Machinery	-	1,631	1,422	963.3	918.77	612.79
Construction In Progress	-	48.19	151.41	278.35	266.41	166.95

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