SHA:688334 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	1,085	1,393	1,054	863.75	286.27	455.41
Short-Term Investments	732.29	705.82	267.48	430.14	-	-
Cash & Short-Term Investments	2,285	2,099	1,322	1,294	286.27	455.41
Cash Growth	57.72%	58.79%	2.16%	351.98%	-37.14%	143.82%
Accounts Receivable	143.75	167.88	172.14	216.11	92.34	103.38
Other Receivables	1.52	0.86	0.81	25.31	6.66	1.47
Receivables	145.28	168.74	172.96	241.41	99.01	104.85
Inventory	64.11	64.99	51.85	54.02	79.22	74.48
Prepaid Expenses	-	5.2	8.83	11.08	16.57	10.41
Other Current Assets	27.76	14.97	21.62	22.2	21.83	10.45
Total Current Assets	2,522	2,353	1,577	1,623	502.9	655.61
Property, Plant & Equipment	975.86	1,006	1,095	922.13	883.99	940.8
Long-Term Investments	154.2	236.88	718.69	927.9	720.7	437.78
Goodwill	23.72	23.72	23.72	23.72	24.4	25.54
Other Intangible Assets	120.21	122.36	127.24	102.84	104.17	103.6
Long-Term Accounts Receivable	-	-	-	-	0.02	-
Long-Term Deferred Tax Assets	0.77	0.77	3	3.76	1.81	2.49
Other Long-Term Assets	33.18	27.84	3.4	32.98	16.86	5.9
Total Assets	3,831	3,770	3,548	3,636	2,255	2,172
Accounts Payable	67.12	61.63	124.43	148.18	44.53	39.52
Accrued Expenses	17.53	13.36	12.03	7.45	7.51	9.98
Current Portion of Long-Term Debt	4.44	3.8	3.8	3.8	3.8	3.8
Current Portion of Leases	-	0.64	3.8	3.64	3.13	2.99
Current Income Taxes Payable	19.23	5.92	5.97	7.15	-	1.06
Current Unearned Revenue	351.71	383.49	282.27	195.33	171.5	170.8
Other Current Liabilities	28.26	31.56	58.32	24.79	5.86	31.97
Total Current Liabilities	488.29	500.4	490.63	390.33	236.34	260.11
Long-Term Debt	40.91	40.91	9.6	13.41	17.21	21.01
Long-Term Leases	2.89	3.86	0.19	4.86	6.7	9.84
Long-Term Unearned Revenue	65.87	69.02	80.19	90.04	104.04	124.34
Pension & Post-Retirement Benefits	-	11.41	11.16	10.05	7.9	9.05
Long-Term Deferred Tax Liabilities	22.92	23.13	26.99	28.87	30.96	26.55
Other Long-Term Liabilities	12.04	0.63	0.46	1.2	1.04	1.43
Total Liabilities	632.91	649.36	619.24	538.75	404.18	452.34
Common Stock	316.58	316.58	316.58	316.58	237.43	237.43
Additional Paid-In Capital	2,127	2,127	2,127	2,473	1,509	1,509
Retained Earnings	532.96	466.56	335.29	269.65	103.99	-26.37
Comprehensive Income & Other	-0.91	-0.91	-0.6	0.01	0.08	-0.85
Total Common Equity	2,975	2,909	2,778	3,060	1,851	1,719
Minority Interest	222.45	211.8	150.72	37.61	-	-
Shareholders' Equity	3,198	3,121	2,929	3,097	1,851	1,719
Total Liabilities & Equity	3,831	3,770	3,548	3,636	2,255	2,172
Total Debt	48.24	49.21	17.4	25.71	30.84	37.63
Net Cash (Debt)	2,236	2,050	1,304	1,268	255.43	417.77
Net Cash Growth	59.89%	57.14%	2.86%	396.49%	-38.86%	164.12%
Net Cash Per Share	7.06	6.47	4.12	4.58	1.08	2.66
Filing Date Shares Outstanding	316.58	316.58	316.58	316.58	237.43	237.43
Total Common Shares Outstanding	316.58	316.58	316.58	316.58	237.43	237.43
Working Capital	2,033	1,852	1,086	1,232	266.56	395.5
Book Value Per Share	9.40	9.19	8.78	9.66	7.79	7.24
Tangible Book Value	2,832	2,763	2,627	2,933	1,722	1,590
Tangible Book Value Per Share	8.94	8.73	8.30	9.26	7.25	6.70
Buildings	-	826.04	844.53	692.38	690.95	691.09
Machinery	-	2,060	2,027	1,882	1,718	1,655
Construction In Progress	-	8.64	6.67	6.84	2.63	13.83

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