SHA:688326 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	946.75	1,133	1,506	3,293	3,496	937.05
Short-Term Investments	-	-	-	-	13.47	-
Trading Asset Securities	578.19	618.81	506.43	-	607.11	56.64
Cash & Short-Term Investments	1,525	1,752	2,012	3,293	4,116	993.68
Cash Growth	-11.71%	-12.95%	-38.89%	-20.01%	314.23%	-0.48%
Accounts Receivable	2,017	2,562	2,203	1,639	1,171	931.12
Other Receivables	22.51	20.41	19.38	38.85	46.96	18.08
Receivables	2,039	2,582	2,222	1,678	1,218	949.2
Inventory	1,954	1,684	1,482	1,620	1,567	1,360
Prepaid Expenses	-	-	26.78	16.87	10.85	12.3
Other Current Assets	120.71	110.64	96.06	48.81	41.41	51.86
Total Current Assets	5,639	6,128	5,839	6,656	6,954	3,367
Property, Plant & Equipment	2,118	2,077	1,709	1,342	1,032	625.84
Long-Term Investments	271.06	271.81	269.4	294.44	149.24	8.9
Other Intangible Assets	780.48	794.72	721.53	461.94	405.71	271.26
Long-Term Deferred Tax Assets	320.64	312.29	271.41	219.61	149	106.26
Long-Term Deferred Charges	855.04	724.24	485.4	274.04	123.38	92.18
Other Long-Term Assets	94.06	124.5	110.99	80.29	54.52	33.32
Total Assets	10,078	10,433	9,407	9,328	8,868	4,505
Accounts Payable	2,775	3,067	2,693	2,181	1,510	1,130
Accrued Expenses	481.47	568.05	586	491.96	447.77	340.53
Short-Term Debt	940.67	1,065	567.93	183.64	-	6.01
Current Portion of Long-Term Debt	231.14	122.98	40.03	-	-	-
Current Portion of Leases	-	-	38.17	44.33	40.19	19.41
Current Income Taxes Payable	14.77	50.77	-	-	-	0
Current Unearned Revenue	591.15	519.84	558.27	746.95	1,051	1,033
Other Current Liabilities	341.79	293.69	205.8	225.41	144.82	154.91
Total Current Liabilities	5,376	5,688	4,689	3,873	3,194	2,684
Long-Term Debt	239.54	99.97	-	-	-	-
Long-Term Leases	28.33	35.05	41.07	65.96	85.11	44.58
Long-Term Unearned Revenue	351.58	347.01	324.33	320.95	234.58	209.54
Long-Term Deferred Tax Liabilities	7.87	5.49	-	2.28	-	2.35
Other Long-Term Liabilities	-	-	76.65	63.94	53.05	45.38
Total Liabilities	6,003	6,175	5,131	4,326	3,567	2,986
Common Stock	119.94	119.96	119.98	120	120	90
Additional Paid-In Capital	4,546	4,544	4,730	4,658	4,633	1,121
Retained Earnings	-83.9	93.57	-224.47	325.84	543.1	307.57
Treasury Stock	-650.08	-651.44	-460.75	-154.8	-	-
Comprehensive Income & Other	23.77	24.52	19.01	12.62	4.64	0.31
Total Common Equity	3,956	4,131	4,184	4,962	5,301	1,519
Minority Interest	119.66	127.33	92.48	40	-	-
Shareholders' Equity	4,075	4,258	4,276	5,002	5,301	1,519
Total Liabilities & Equity	10,078	10,433	9,407	9,328	8,868	4,505
Total Debt	1,440	1,323	687.2	293.94	125.3	70
Net Cash (Debt)	85.27	428.29	1,325	2,999	3,991	923.69
Net Cash Growth	-89.16%	-67.67%	-55.82%	-24.86%	332.05%	11.19%
Net Cash Per Share	0.76	3.80	11.51	25.12	36.23	10.24
Filing Date Shares Outstanding	112.33	114.49	114.77	118.48	120	120
Total Common Shares Outstanding	112.33	114.49	114.77	118.48	120	90
Working Capital	263.05	440.77	1,150	2,783	3,760	683.29
Book Value Per Share	35.22	36.08	36.45	41.88	44.18	16.88
Tangible Book Value	3,175	3,336	3,462	4,500	4,895	1,248
Tangible Book Value Per Share	28.27	29.14	30.16	37.98	40.80	13.87
Buildings	-	-	903.81	615.73	151.6	128.79
Machinery	-	-	745.35	581.12	439.15	282.61
Construction In Progress	-	-	210.12	173.09	386.91	173.39

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