SHA:688325 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	210.78	256.95	327.93	367.46	1,069	197.41
Short-Term Investments	-	938.81	62.26	20.71	50.17	-
Trading Asset Securities	146.07	140.14	200.61	210.33	357.98	-
Cash & Short-Term Investments	356.84	1,336	590.8	598.5	1,477	197.41
Cash Growth	-41.41%	126.12%	-1.29%	-59.48%	648.19%	162.88%
Accounts Receivable	52.61	61.61	40.12	33.74	31.32	19.44
Other Receivables	11.25	25.29	17.88	13.2	4.63	0.54
Receivables	63.85	86.9	58	46.94	35.95	19.99
Inventory	210.36	181.4	105.49	80.01	81.67	44.11
Other Current Assets	1,083	15.6	6.72	10.62	8.7	13.16
Total Current Assets	1,714	1,620	761.01	736.07	1,603	274.66
Property, Plant & Equipment	179.71	35.45	32.49	29.26	20.35	17.05
Long-Term Investments	64.36	131.42	978.44	980.21	74.24	-
Long-Term Deferred Tax Assets	7.01	5.57	9.18	7.2	2.14	0.73
Long-Term Deferred Charges	6.6	4.4	1.54	0.96	1.59	1.67
Other Long-Term Assets	1.88	154.39	-	0.49	0.23	0.42
Total Assets	1,974	1,951	1,783	1,754	1,702	294.52
Accounts Payable	41.07	31.86	25.1	15.43	6.58	16.66
Accrued Expenses	17.65	37.8	30.69	16.4	17.78	24.96
Short-Term Debt	118.45	100.21	-	27.45	22.81	14.94
Current Portion of Long-Term Debt	2.02	1.25	-	-	-	-
Current Portion of Leases	-	0.97	1.76	2.5	2.06	-
Current Income Taxes Payable	0.99	-	0.2	0.43	-	-
Current Unearned Revenue	2.73	0.23	1.51	0.59	0.55	1.29
Other Current Liabilities	3.79	6.45	5.36	4.4	2.78	4.8
Total Current Liabilities	186.69	178.79	64.62	67.21	52.57	62.65
Long-Term Debt	7.89	8.2	-	-	-	-
Long-Term Leases	3.58	3.83	4.8	1.61	2.33	6.21
Long-Term Unearned Revenue	0.18	0.23	0.24	0.23	-	-
Long-Term Deferred Tax Liabilities	0.75	0.81	1.03	0.71	1.11	-
Total Liabilities	199.09	191.85	70.68	69.75	56.01	68.86
Common Stock	86.14	86.14	84.95	83.33	80	60
Additional Paid-In Capital	1,468	1,464	1,452	1,438	1,427	78.03
Retained Earnings	286	274.79	261.59	199.22	139.45	87.59
Treasury Stock	-61.62	-61.62	-83.44	-34.53	-	-
Comprehensive Income & Other	-3.76	-3.78	-3.3	-1.78	-1.1	0.04
Shareholders' Equity	1,775	1,759	1,712	1,684	1,646	225.66
Total Liabilities & Equity	1,974	1,951	1,783	1,754	1,702	294.52
Total Debt	131.94	114.47	6.56	31.56	27.21	21.15
Net Cash (Debt)	224.91	1,221	584.24	566.95	1,450	176.25
Net Cash Growth	-59.90%	109.06%	3.05%	-60.89%	722.54%	170.15%
Net Cash Per Share	2.59	14.10	6.81	6.60	18.52	2.79
Filing Date Shares Outstanding	84.15	84.15	82.25	80.71	80	80
Total Common Shares Outstanding	84.15	84.15	82.25	82.44	80	60
Working Capital	1,528	1,441	696.4	668.86	1,551	212.01
Book Value Per Share	21.09	20.91	20.81	20.43	20.57	3.76
Tangible Book Value	1,775	1,759	1,712	1,684	1,646	225.66
Tangible Book Value Per Share	21.09	20.91	20.81	20.43	20.57	3.76
Machinery	-	59.11	48.14	40.5	26.68	17.61

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