SHA:688321 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	581.26	347.75	375.55	375.9	508.98	300.55
Short-Term Investments	-	-	-	257.52	181.6	100.09
Trading Asset Securities	933.01	295.3	94.13	216.72	291.07	82.08
Cash & Short-Term Investments	1,514	643.05	469.69	850.14	981.65	482.71
Cash Growth	201.38%	36.91%	-44.75%	-13.40%	103.36%	-31.19%
Accounts Receivable	309.34	299.79	162.97	196.82	154.81	111.44
Other Receivables	7.8	4.97	13	21.71	11.62	9.17
Receivables	317.14	304.76	175.97	218.53	166.43	120.62
Inventory	58.43	57.68	40.84	47.13	28.47	15.37
Prepaid Expenses	-	-	-	-	-	1.69
Other Current Assets	174.64	174.9	396.97	14.29	7.58	18.43
Total Current Assets	2,064	1,180	1,083	1,130	1,184	638.82
Property, Plant & Equipment	1,336	1,293	1,158	1,066	1,100	698.99
Long-Term Investments	223.46	228.86	245.63	268.94	29.83	-
Other Intangible Assets	410.14	417.82	448.29	183.99	202.8	216.18
Long-Term Deferred Tax Assets	2.85	2.9	1.53	2.08	24.67	22.03
Long-Term Deferred Charges	290.28	255.64	168.3	403.8	270.53	145.93
Other Long-Term Assets	254.77	271.78	146.14	148.27	83.81	172.46
Total Assets	4,582	3,650	3,251	3,203	2,896	1,894
Accounts Payable	5.53	3.78	2.19	9.03	0.32	2.23
Accrued Expenses	23.31	177.5	142.03	120.2	77.4	65.82
Short-Term Debt	148.47	159.8	100.22	130.11	185.78	120.15
Current Portion of Long-Term Debt	342.63	342.79	133.66	36.19	19.88	17.92
Current Portion of Leases	-	3.33	3.54	2.84	2.89	4.76
Current Income Taxes Payable	14.9	-	-	0.17	12.07	10.77
Current Unearned Revenue	1.1	0.15	0.17	0.08	0.23	0.29
Other Current Liabilities	269.23	156.55	69.5	92.18	241.96	71.89
Total Current Liabilities	805.16	843.9	451.31	390.81	540.54	293.84
Long-Term Debt	1,048	1,035	1,088	899.17	598.02	4.88
Long-Term Leases	4.12	4.89	7.76	10.06	1.29	1.42
Long-Term Unearned Revenue	100.31	101.4	83.35	77.04	86.96	78.94
Long-Term Deferred Tax Liabilities	39.18	38.88	38.96	23.45	-	-
Other Long-Term Liabilities	0.15	0.16	0	92.83	93.29	97.71
Total Liabilities	1,997	2,025	1,670	1,493	1,320	476.79
Common Stock	442.94	407.81	407.8	411.29	410.72	410.72
Additional Paid-In Capital	1,921	1,023	1,013	1,138	1,075	1,125
Retained Earnings	107.49	79.22	28.26	142.83	53.99	36.51
Treasury Stock	-17	-15	-	-113.07	-154.59	-154.59
Comprehensive Income & Other	130.12	130.8	131.84	131.09	130.05	-0.29
Total Common Equity	2,585	1,626	1,581	1,710	1,515	1,418
Minority Interest	-	-	-	-	60.23	-
Shareholders' Equity	2,585	1,626	1,581	1,710	1,576	1,418
Total Liabilities & Equity	4,582	3,650	3,251	3,203	2,896	1,894
Total Debt	1,544	1,546	1,334	1,078	807.87	149.14
Net Cash (Debt)	-29.37	-903.19	-863.9	-228.24	173.78	333.58
Net Cash Growth	-	-	-	-	-47.90%	-48.17%
Net Cash Per Share	-0.07	-2.22	-2.12	-0.56	0.43	0.81
Filing Date Shares Outstanding	425.78	442.34	407.8	409.01	406.97	406.97
Total Common Shares Outstanding	425.78	407.27	407.8	409.01	406.97	406.97
Working Capital	1,259	336.49	632.16	739.28	643.59	344.98
Book Value Per Share	6.07	3.99	3.88	4.18	3.72	3.48
Tangible Book Value	2,174	1,208	1,133	1,526	1,313	1,201
Tangible Book Value Per Share	5.11	2.97	2.78	3.73	3.23	2.95
Buildings	-	908.16	745.57	656.92	722.9	471.88
Machinery	-	160.2	118.55	108.28	112.93	90.43
Construction In Progress	-	351.4	384.86	360.81	308.1	157.75

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