SHA:688320 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	64.57	43.02	91.33	192.92	416.02	86.27
Trading Asset Securities	8.05	8	-	-	-	-
Cash & Short-Term Investments	72.61	51.02	91.33	192.92	416.02	86.27
Cash Growth	-12.16%	-44.13%	-52.66%	-53.63%	382.24%	-3.09%
Accounts Receivable	817.29	802.68	671.29	716.74	619.54	376.69
Other Receivables	6.73	4.92	4.64	9.27	3.17	2.31
Receivables	824.01	807.6	675.93	726.01	622.71	379
Inventory	385.67	308.36	394.65	457.33	477.65	234.23
Prepaid Expenses	-	-	0.52	3.59	-	-
Other Current Assets	39.98	39.97	74.65	70.39	94.44	40.06
Total Current Assets	1,322	1,207	1,237	1,450	1,611	739.56
Property, Plant & Equipment	586.41	597.73	600.98	569.89	393.69	157.21
Long-Term Investments	34.85	34.41	31.92	27.66	28.54	1.5
Goodwill	-	-	-	3.26	3.26	3.26
Other Intangible Assets	84.5	85.85	63.89	70.94	50.57	49.79
Long-Term Deferred Tax Assets	29.7	31.14	25.58	14.62	10.98	10.81
Long-Term Deferred Charges	3.88	4.59	7.2	11.69	13.81	6.49
Other Long-Term Assets	10.62	5.29	3.82	8.14	9.07	3.63
Total Assets	2,072	1,966	1,970	2,156	2,121	972.24
Accounts Payable	456.95	370.88	224.16	318.88	412.59	219.28
Accrued Expenses	31.31	36.18	47.21	45.43	40.05	38.37
Short-Term Debt	181.14	161.16	201.52	161.08	60.53	21.11
Current Portion of Long-Term Debt	35.53	37.55	60.05	-	-	-
Current Portion of Leases	-	-	8.01	7.56	3.98	1.32
Current Income Taxes Payable	4.25	8.21	0.04	0.03	0.11	3.56
Current Unearned Revenue	19.55	10.65	9.45	4.88	17.02	6.29
Other Current Liabilities	39.96	34.39	23.68	2.9	3.49	2.41
Total Current Liabilities	768.7	659.02	574.13	540.76	537.77	292.34
Long-Term Debt	49.88	49.88	49.99	-	-	-
Long-Term Leases	5.46	4.32	3.58	7.18	5.27	2.07
Long-Term Unearned Revenue	30.35	30.81	32.61	21.34	23.07	24
Long-Term Deferred Tax Liabilities	5.08	5.29	0.02	0.03	-	-
Other Long-Term Liabilities	-	-	-	22.55	20.56	20.22
Total Liabilities	859.47	749.33	660.34	591.87	586.66	338.63
Common Stock	151.01	151.01	151.01	151.01	151.01	113.25
Additional Paid-In Capital	980.73	975.23	944.94	952.55	947.02	172.29
Retained Earnings	147.8	153.43	283.47	465.16	438.79	348.41
Treasury Stock	-62.13	-62.13	-62.13	-	-	-
Comprehensive Income & Other	-3.95	-3.78	-0.18	-	-	-
Total Common Equity	1,213	1,214	1,317	1,569	1,537	633.96
Minority Interest	-0.69	2.89	-6.99	-4.16	-2.74	-0.34
Shareholders' Equity	1,213	1,217	1,310	1,565	1,534	633.62
Total Liabilities & Equity	2,072	1,966	1,970	2,156	2,121	972.24
Total Debt	272.02	252.91	323.16	175.82	69.78	24.49
Net Cash (Debt)	-199.4	-201.89	-231.83	17.1	346.24	61.78
Net Cash Growth	-	-	-	-95.06%	460.48%	-24.25%
Net Cash Per Share	-1.35	-1.37	-1.54	0.11	2.49	0.54
Filing Date Shares Outstanding	140.74	161.52	148.41	151.01	151.01	113.25
Total Common Shares Outstanding	140.74	161.52	148.41	151.01	151.01	113.25
Working Capital	553.59	547.93	662.94	909.46	1,073	447.22
Book Value Per Share	8.62	7.51	8.87	10.39	10.18	5.60
Tangible Book Value	1,129	1,128	1,253	1,495	1,483	580.9
Tangible Book Value Per Share	8.02	6.98	8.44	9.90	9.82	5.13
Buildings	-	-	403.17	284.89	111.96	64.55
Machinery	-	-	320.03	275.16	206.79	131.46
Construction In Progress	-	-	5.52	109.73	147.08	18.39

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