SHA:688328 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	185.08	179.04	191.7	146.93	314.93	239.3
Short-Term Investments	-	-	21.53	-	-	-
Trading Asset Securities	50.01	-	29.06	171.17	86.64	-
Cash & Short-Term Investments	235.09	179.04	242.29	318.1	401.56	239.3
Cash Growth	11.49%	-26.11%	-23.83%	-20.78%	67.81%	9.79%
Accounts Receivable	474.45	491.52	520.47	504.59	576.66	639.64
Other Receivables	7.66	9.29	6.71	12.93	23.77	18.17
Receivables	482.11	500.81	527.18	517.52	600.42	657.81
Inventory	278.53	286.16	318.83	229.24	242.33	230.98
Other Current Assets	55.16	43.7	48.05	80.65	32.48	32.09
Total Current Assets	1,051	1,010	1,136	1,146	1,277	1,160
Property, Plant & Equipment	313.76	317.95	351.86	387.66	447.67	277.36
Long-Term Investments	42.5	35.75	16.75	3	2.06	4.84
Goodwill	7.47	7.47	7.47	12.32	5.9	4.92
Other Intangible Assets	23.22	23.52	24.5	24.01	24.55	25.93
Long-Term Accounts Receivable	4.11	3.93	5.05	10.02	1.72	-
Long-Term Deferred Tax Assets	48.79	48.84	51.31	52.1	31	12.8
Long-Term Deferred Charges	12.65	13.05	16.38	17.76	13.91	0.93
Other Long-Term Assets	2.06	1.24	0.25	3.1	3.83	1.7
Total Assets	1,505	1,461	1,610	1,655	1,807	1,489
Accounts Payable	277.18	228.93	341.03	248.9	305.84	374.12
Accrued Expenses	37.38	36.27	34.36	48.73	59.01	51.01
Short-Term Debt	126.02	125.3	193.52	191.29	175.31	96.25
Current Portion of Leases	0.81	0.57	1.05	0.88	4.86	2.93
Current Income Taxes Payable	5.78	0.85	0.35	2.33	2.76	0.55
Current Unearned Revenue	36.72	27.64	28.18	23.97	19.43	41.83
Other Current Liabilities	128.98	182.14	143.1	67.73	84.26	57.38
Total Current Liabilities	612.86	601.71	741.59	583.84	651.47	624.07
Long-Term Debt	-	-	-	103.66	337.77	48.9
Long-Term Leases	6.1	6.48	14.1	15.02	11.92	-
Long-Term Unearned Revenue	-	-	-	1.02	1.13	0.73
Long-Term Deferred Tax Liabilities	1	1.04	2.2	2.66	0.2	-
Other Long-Term Liabilities	10	8.9	-	-	-	-
Total Liabilities	629.97	618.12	757.9	706.19	1,002	673.7
Common Stock	94.46	94.46	94.46	90.59	81.04	81.04
Additional Paid-In Capital	696.87	698.39	707.22	657.42	394.52	386.38
Retained Earnings	64.56	37.49	13.08	128.2	243.86	296.72
Treasury Stock	-	-	-4.5	-	-	-
Comprehensive Income & Other	0.03	-0.02	-0.02	5.64	19.28	-
Total Common Equity	855.92	830.32	810.23	881.85	738.7	764.14
Minority Interest	19.57	13.02	41.78	67.43	66.25	50.83
Shareholders' Equity	875.48	843.34	852.02	949.28	804.95	814.97
Total Liabilities & Equity	1,505	1,461	1,610	1,655	1,807	1,489
Total Debt	132.93	132.35	208.67	310.85	529.87	148.07
Net Cash (Debt)	102.17	46.68	33.61	7.26	-128.31	91.23
Net Cash Growth	-	38.88%	363.11%	-	-	-9.72%
Net Cash Per Share	1.09	0.50	0.36	0.09	-1.58	1.19
Filing Date Shares Outstanding	94.46	94.46	94.46	90.59	81.04	81.04
Total Common Shares Outstanding	94.46	94.46	94.46	90.59	81.04	81.04
Working Capital	438.03	408.01	394.75	561.66	625.33	536.11
Book Value Per Share	9.06	8.79	8.58	9.73	9.12	9.43
Tangible Book Value	825.23	799.33	778.26	845.52	708.24	733.29
Tangible Book Value Per Share	8.74	8.46	8.24	9.33	8.74	9.05
Buildings	-	311.74	311.74	320.85	320.85	2.83
Machinery	-	63.43	77.05	84.43	126.22	20.15
Construction In Progress	-	-	1.11	0.58	-	261.17

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