SHA:688311 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	164.18	383.36	333.38	598.91	576.1	914.8
Trading Asset Securities	184.99	-	-	-	-	-
Cash & Short-Term Investments	349.17	383.36	333.38	598.91	576.1	914.8
Cash Growth	3.12%	14.99%	-44.34%	3.96%	-37.02%	-12.31%
Accounts Receivable	697.32	725.19	532.12	635.21	661.33	599.72
Other Receivables	1.63	1.33	2.38	2.47	2.45	3.82
Receivables	698.95	726.52	534.5	637.67	663.77	603.54
Inventory	309.63	282.11	329.14	342.04	264.71	167.73
Prepaid Expenses	-	-	2.38	2.38	0.01	0.38
Other Current Assets	31.96	16.96	49.35	45.69	56.04	17.33
Total Current Assets	1,390	1,409	1,249	1,627	1,561	1,704
Property, Plant & Equipment	554.05	569.81	605.12	873.72	792.11	562.64
Long-Term Investments	125.4	141.44	103.53	76.43	86.03	87.11
Goodwill	-	-	-	79.11	79.11	79.11
Other Intangible Assets	32.81	33.44	38.66	51.38	49.78	53.63
Long-Term Deferred Tax Assets	106.75	99.52	83.49	51.6	38.18	19.84
Long-Term Deferred Charges	-	-	-	0.03	0.08	0.13
Other Long-Term Assets	204.81	202.91	211.6	6.47	19.63	7.71
Total Assets	2,414	2,456	2,291	2,765	2,626	2,514
Accounts Payable	393.72	403.9	270.75	389.48	406.22	278.11
Accrued Expenses	6.77	13.81	18.01	20.26	22.8	35.5
Short-Term Debt	42.64	38.53	20.02	55	65	25
Current Portion of Long-Term Debt	26.2	26.48	25.26	26.2	30.3	30.3
Current Portion of Leases	-	-	0.37	1.13	1.34	0.8
Current Income Taxes Payable	0.03	1.32	-	3.47	12.85	17.2
Current Unearned Revenue	2.89	5.4	4.59	3.71	16.08	4.35
Other Current Liabilities	39.61	55.57	48.16	99.57	115.83	98.92
Total Current Liabilities	511.85	545.01	387.17	598.82	670.43	490.18
Long-Term Debt	29.32	141.69	152.87	319.2	105.9	149.7
Long-Term Leases	-	-	0.11	0.72	1.86	3.43
Long-Term Unearned Revenue	45.88	50.65	73.79	79.56	69.01	46.66
Long-Term Deferred Tax Liabilities	-	-	-	10.45	1.08	3.1
Other Long-Term Liabilities	0.23	0.23	-	-	-	-
Total Liabilities	587.29	737.58	613.93	1,009	848.28	693.08
Common Stock	173.79	167.92	168.73	160.56	115.05	114.67
Additional Paid-In Capital	1,596	1,468	1,477	1,310	1,362	1,348
Retained Earnings	-59.99	-44.71	-28.33	243.32	300.61	315.99
Treasury Stock	-	-	-40.03	-42.01	-45.17	-
Comprehensive Income & Other	69.71	80.9	52.12	33.29	1.84	-
Total Common Equity	1,779	1,672	1,630	1,705	1,734	1,779
Minority Interest	46.98	46.74	47.57	51.32	43.33	42.01
Shareholders' Equity	1,826	1,718	1,677	1,757	1,777	1,821
Total Liabilities & Equity	2,414	2,456	2,291	2,765	2,626	2,514
Total Debt	98.16	206.7	198.63	402.25	204.39	209.24
Net Cash (Debt)	251.01	176.66	134.74	196.66	371.71	705.56
Net Cash Growth	136.82%	31.11%	-31.48%	-47.09%	-47.32%	-23.62%
Net Cash Per Share	1.53	1.08	0.84	1.50	2.41	4.42
Filing Date Shares Outstanding	169.79	167.92	168.04	38.23	160.1	160.54
Total Common Shares Outstanding	169.79	167.92	168.04	38.23	160.1	160.54
Working Capital	877.85	863.93	861.58	1,028	890.21	1,214
Book Value Per Share	10.48	9.96	9.70	44.60	10.83	11.08
Tangible Book Value	1,746	1,638	1,591	1,575	1,605	1,646
Tangible Book Value Per Share	10.29	9.76	9.47	41.19	10.03	10.25
Buildings	-	-	439.24	629.11	367.56	21.91
Machinery	-	-	319.14	340.49	200.42	101.24
Construction In Progress	-	-	5.28	14.86	275.61	516.66

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