SHA:688318 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	814.85	532.43	512.2	717.43	608.83	557.22
Short-Term Investments	-	304.71	165.49	940.61	2,079	1,975
Trading Asset Securities	1,471	1,568	1,566	1,616	167.16	182.22
Cash & Short-Term Investments	2,286	2,405	2,243	3,274	2,855	2,714
Cash Growth	3.22%	7.20%	-31.49%	14.69%	5.19%	13.90%
Accounts Receivable	21.36	43.43	45.21	49.39	33.16	16.37
Other Receivables	40.23	5.38	1.15	3.25	39.64	23.86
Receivables	61.58	48.81	46.37	52.64	72.81	40.23
Inventory	0.37	0.37	0.72	1.86	5.29	0.38
Other Current Assets	136.92	14.19	11.18	9.9	8.41	4.85
Total Current Assets	2,485	2,468	2,302	3,339	2,942	2,760
Property, Plant & Equipment	159.99	155.76	102.33	48.87	22.51	13.93
Long-Term Investments	760.2	1,392	1,376	207.57	366.56	490.76
Other Intangible Assets	11.69	11.77	12.08	12.17	12.16	-
Long-Term Deferred Tax Assets	20.76	22.18	23.29	21.54	16.94	0.24
Long-Term Deferred Charges	0.02	0.03	0.26	0.49	0.86	1.21
Other Long-Term Assets	607.21	5.56	5.51	6.56	7.15	8.28
Total Assets	4,045	4,055	3,821	3,636	3,368	3,274
Accounts Payable	27.89	39.22	33.4	13.13	-	0.89
Accrued Expenses	4.59	29.3	27.08	19.99	26.3	22.26
Current Portion of Leases	-	0.53	0.55	1.26	1.15	1.21
Current Income Taxes Payable	2.06	8.87	21.99	19.15	13.9	12.81
Current Unearned Revenue	128.33	126.25	119.98	134.48	147.23	125.09
Other Current Liabilities	0.19	0.45	0.49	8.65	0.62	0.5
Total Current Liabilities	163.06	204.62	203.5	196.66	189.2	162.74
Long-Term Leases	1.12	0.73	0.11	0.97	1.87	3.01
Long-Term Unearned Revenue	-	-	-	-	4.09	-
Long-Term Deferred Tax Liabilities	6.6	8.6	2.9	3.35	2.72	1.55
Other Long-Term Liabilities	1.11	1.08	1.49	1.92	1.16	1.3
Total Liabilities	171.89	215.03	208	202.9	199.03	168.61
Common Stock	256.12	256.12	182.94	130.67	93.34	66.67
Additional Paid-In Capital	1,580	1,580	1,653	1,705	1,743	1,769
Retained Earnings	2,031	1,996	1,773	1,593	1,329	1,269
Comprehensive Income & Other	4.81	7.17	3.73	2.94	2.44	0.35
Total Common Equity	3,872	3,840	3,612	3,432	3,168	3,105
Minority Interest	0.73	0.73	0.73	0.71	0.93	-
Shareholders' Equity	3,873	3,840	3,613	3,433	3,169	3,105
Total Liabilities & Equity	4,045	4,055	3,821	3,636	3,368	3,274
Total Debt	1.12	1.26	0.67	2.24	3.01	4.22
Net Cash (Debt)	2,285	2,403	2,243	3,272	2,852	2,710
Net Cash Growth	4.23%	7.17%	-31.46%	14.73%	5.24%	13.72%
Net Cash Per Share	8.85	9.37	8.78	12.79	11.18	10.59
Filing Date Shares Outstanding	265.68	256.12	256.12	256.12	256.12	256.12
Total Common Shares Outstanding	265.68	256.12	256.12	256.12	256.12	256.12
Working Capital	2,322	2,263	2,098	3,142	2,752	2,597
Book Value Per Share	14.57	14.99	14.10	13.40	12.37	12.12
Tangible Book Value	3,860	3,828	3,600	3,420	3,156	3,105
Tangible Book Value Per Share	14.53	14.95	14.06	13.35	12.32	12.12
Buildings	-	24.84	24.84	19.22	19.22	17.74
Machinery	-	16.1	13.13	12.33	12.17	8.51
Construction In Progress	-	145.68	92.42	36.45	7.99	-

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