SHA:688345 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	396.83	377.23	222.29	354.23	448.59	505.83
Trading Asset Securities	0.14	0.8	-	-	-	-
Cash & Short-Term Investments	396.97	378.03	222.29	354.23	448.59	505.83
Cash Growth	-24.63%	70.06%	-37.25%	-21.04%	-11.32%	293.13%
Accounts Receivable	641.91	659.63	654.26	642.75	538.07	595.44
Other Receivables	97.48	104.19	127.12	158.08	4.42	25.13
Receivables	739.39	763.82	781.38	800.82	542.49	620.57
Inventory	617.82	477.36	478.39	391.15	504.18	549.05
Other Current Assets	80.43	48.86	35.17	17.52	206.92	38.71
Total Current Assets	1,835	1,668	1,517	1,564	1,702	1,714
Property, Plant & Equipment	958.51	955.11	898.18	835.73	736.81	342.78
Long-Term Investments	86.2	62.46	59.16	66.96	30	30
Goodwill	0.33	0.33	0.33	-	-	-
Other Intangible Assets	100.41	101.41	102.77	105.64	65.92	65.06
Long-Term Accounts Receivable	-	16.13	0.02	-	4.17	-
Long-Term Deferred Tax Assets	85.66	85.67	82.97	49.35	14.66	7.74
Long-Term Deferred Charges	8.69	8.75	17.26	17.18	19.11	15.23
Other Long-Term Assets	83.95	4.5	14.34	12.51	18.02	44.67
Total Assets	3,158	2,902	2,692	2,651	2,591	2,220
Accounts Payable	1,408	1,225	1,016	831.2	624.3	633.55
Accrued Expenses	47.76	90.58	50.44	41.76	41.49	47.11
Short-Term Debt	25.76	12.75	221.32	169.88	202.32	159.8
Current Portion of Long-Term Debt	27.99	12.59	130.08	143.46	28.79	-
Current Portion of Leases	-	0.6	6.76	5.67	15.48	9.77
Current Income Taxes Payable	14.55	0.06	0.2	0.21	0.75	0.32
Current Unearned Revenue	88.41	109.38	62.02	44.39	46.49	43.23
Other Current Liabilities	96.03	79.39	64.89	92.55	61.33	130.62
Total Current Liabilities	1,709	1,531	1,552	1,329	1,021	1,024
Long-Term Debt	210.4	194.29	12.7	110.88	250.95	-
Long-Term Leases	7.26	3.73	24.57	31.39	87.48	44.94
Long-Term Unearned Revenue	18.01	18.9	17.78	3.73	1.14	-
Long-Term Deferred Tax Liabilities	8.2	4.41	7.89	9.45	0.04	-
Other Long-Term Liabilities	24.89	23.61	23.76	9.01	10.83	6.5
Total Liabilities	1,977	1,776	1,638	1,494	1,371	1,076
Common Stock	101.15	101.15	100	100	100	100
Additional Paid-In Capital	761.26	757.77	737.65	737.65	737.65	737.65
Retained Earnings	305.68	277.72	221.84	318.45	392.23	302.04
Treasury Stock	-17.6	-17.6	-6	-	-	-
Comprehensive Income & Other	26.19	2.57	-4.99	1.4	-14.53	0.94
Total Common Equity	1,177	1,122	1,048	1,157	1,215	1,141
Minority Interest	4.43	5.2	5.46	-	4.15	3.19
Shareholders' Equity	1,181	1,127	1,054	1,157	1,219	1,144
Total Liabilities & Equity	3,158	2,902	2,692	2,651	2,591	2,220
Total Debt	271.42	223.96	395.43	461.28	585.02	214.51
Net Cash (Debt)	125.55	154.06	-173.13	-107.05	-136.43	291.32
Net Cash Growth	-	-	-	-	-	281.65%
Net Cash Per Share	1.25	1.54	-1.74	-1.08	-1.36	3.33
Filing Date Shares Outstanding	99.85	100.84	93.05	100	100	100
Total Common Shares Outstanding	99.85	100.84	93.05	100	100	100
Working Capital	126.11	137.39	-34.38	234.59	681.23	689.76
Book Value Per Share	11.78	11.12	11.27	11.57	12.15	11.41
Tangible Book Value	1,076	1,020	945.39	1,052	1,149	1,076
Tangible Book Value Per Share	10.78	10.11	10.16	10.52	11.49	10.76
Buildings	-	606.39	489.5	473.18	-	-
Machinery	-	398.64	346.5	304.49	267.22	129.1
Construction In Progress	-	67.93	101.35	36.37	390.75	165.02

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