SHA:688343 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	1,289	1,602	926.74	804.54	390.66	862.55
Trading Asset Securities	1,101	882.6	701	2,636	486.58	535.79
Cash & Short-Term Investments	2,391	2,485	1,628	3,440	877.24	1,398
Cash Growth	-2.80%	52.66%	-52.68%	292.15%	-37.27%	-15.17%
Accounts Receivable	675.85	685.11	753.37	504.13	448.25	237.2
Other Receivables	37.27	38.8	94.19	37.26	10.38	11.17
Receivables	713.12	723.92	847.56	541.39	458.63	248.37
Inventory	329.24	285.94	249.41	135.91	66.64	60.39
Prepaid Expenses	-	-	0.19	0	-	-
Other Current Assets	287.46	328.87	259.28	61.63	45.08	9.66
Total Current Assets	3,721	3,824	2,984	4,179	1,448	1,717
Property, Plant & Equipment	1,245	1,311	1,586	357.4	72.87	58.33
Long-Term Investments	221.94	222.33	161.96	67	-	0.1
Goodwill	20.37	20.37	20.37	-	-	-
Other Intangible Assets	24.74	26.87	35.42	2.41	2.4	2.5
Long-Term Accounts Receivable	-	-	73.76	144.43	94.12	112.8
Long-Term Deferred Tax Assets	13.11	11.54	13.03	6.43	2.64	0.16
Long-Term Deferred Charges	1.06	1.54	1.62	3.53	7.35	11.76
Other Long-Term Assets	173.89	63.73	42.46	93.33	-	0.29
Total Assets	5,421	5,481	4,918	4,854	1,627	1,903
Accounts Payable	464.67	413.01	465.31	246.18	250.72	190.5
Accrued Expenses	138.55	113.3	93.47	96.92	152.89	125.27
Short-Term Debt	28.93	113.14	66.16	-	-	-
Current Portion of Long-Term Debt	-	406.19	6.39	-	-	13.18
Current Portion of Leases	-	-	15.16	13.82	14.13	13.38
Current Income Taxes Payable	-	2.24	0.3	0.15	0.1	-
Current Unearned Revenue	81.84	72.18	63.75	44.89	33.69	31.4
Other Current Liabilities	441.45	32.39	76.88	16.81	23.99	34.85
Total Current Liabilities	1,155	1,152	787.41	418.77	475.52	408.58
Long-Term Debt	346.63	320.24	85.75	-	-	-
Long-Term Leases	14.27	17.84	14.18	22.86	2.66	13.57
Long-Term Unearned Revenue	157.45	176.18	75.94	27.76	53.72	75.49
Long-Term Deferred Tax Liabilities	8.1	8.39	9.26	5.58	2.57	-
Total Liabilities	1,682	1,675	972.54	474.97	534.47	497.64
Common Stock	359.6	358.83	355.13	355.13	266.35	266.35
Additional Paid-In Capital	-	6,034	5,805	5,617	2,036	1,901
Retained Earnings	-2,728	-2,594	-2,171	-1,592	-1,209	-761.99
Treasury Stock	-39.46	-39.46	-39.46	-	-	-
Comprehensive Income & Other	6,127	25.56	-12.44	0.15	0.11	-0.11
Total Common Equity	3,720	3,786	3,937	4,380	1,093	1,405
Minority Interest	18.8	19.65	9.28	-1.71	-0.71	-0.11
Shareholders' Equity	3,739	3,805	3,946	4,379	1,092	1,405
Total Liabilities & Equity	5,421	5,481	4,918	4,854	1,627	1,903
Total Debt	389.83	857.41	187.64	36.67	16.79	40.13
Net Cash (Debt)	2,001	1,628	1,440	3,403	860.44	1,358
Net Cash Growth	49.26%	13.01%	-57.69%	295.55%	-36.65%	-13.47%
Net Cash Per Share	5.57	4.55	4.05	10.22	3.23	5.09
Filing Date Shares Outstanding	362.18	367.21	353.7	355.13	355.13	266.35
Total Common Shares Outstanding	362.18	367.21	353.7	355.13	266.35	266.35
Working Capital	2,565	2,671	2,197	3,760	972.07	1,308
Book Value Per Share	10.27	10.31	11.13	12.33	4.10	5.28
Tangible Book Value	3,675	3,739	3,881	4,378	1,091	1,403
Tangible Book Value Per Share	10.15	10.18	10.97	12.33	4.10	5.27
Machinery	-	-	1,757	393.84	90.48	53.49

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