SHA:688351 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	294.64	276.52	269.11	265.53	584.89	430.28
Trading Asset Securities	983.77	1,027	1,089	1,067	879.61	-
Cash & Short-Term Investments	1,278	1,303	1,358	1,332	1,464	430.28
Cash Growth	-2.45%	-4.05%	1.97%	-9.03%	240.36%	-3.47%
Accounts Receivable	94.64	78.86	84.49	54.96	35.93	26.37
Other Receivables	0.57	0.45	1.13	2.44	1.57	0.5
Receivables	95.21	79.31	85.62	57.4	37.5	26.87
Inventory	167.94	159.37	127.84	122.39	86.98	44.99
Other Current Assets	23.43	10.83	5.56	7.14	7.01	6.29
Total Current Assets	1,565	1,553	1,578	1,519	1,596	508.43
Property, Plant & Equipment	185.44	184.13	108.02	114.58	98.26	76.98
Long-Term Investments	98.95	107.85	69.49	71.55	2.78	7.13
Other Intangible Assets	94.21	80.3	73.49	85.88	41.02	20.58
Long-Term Accounts Receivable	-	2.83	-	-	-	-
Long-Term Deferred Tax Assets	0.72	0.7	2.51	3.91	4.16	-
Long-Term Deferred Charges	49.44	64.15	48.77	27.53	48.84	55.56
Other Long-Term Assets	4.7	0.14	13.89	0.6	1.45	0.16
Total Assets	1,998	1,993	1,894	1,823	1,792	668.85
Accounts Payable	92.74	89.67	48.59	36.83	21.02	13.05
Accrued Expenses	23.6	51.78	42.87	44.5	33.51	26.7
Current Portion of Leases	-	4.08	9.12	9.14	7.54	3.73
Current Income Taxes Payable	-	0.06	0	-	-	-
Current Unearned Revenue	9.15	10.7	4.83	3.4	2.28	1.79
Other Current Liabilities	33.95	2.58	2.86	2.57	1.82	1.44
Total Current Liabilities	159.44	158.87	108.27	96.44	66.18	46.71
Long-Term Leases	0.88	0.56	7.63	16.95	20.19	9.03
Long-Term Unearned Revenue	19.37	20.5	24.94	14.17	21.09	19.5
Long-Term Deferred Tax Liabilities	0.72	0.68	2.34	3.69	4.01	-
Other Long-Term Liabilities	10.73	10.35	8.76	6.97	5.38	3.97
Total Liabilities	191.14	190.96	151.95	138.21	116.85	79.21
Common Stock	470.6	470.6	470.6	470.6	470.6	400
Additional Paid-In Capital	1,257	1,273	1,268	1,264	1,260	247.72
Retained Earnings	82.96	53.88	2.79	-49.28	-54.97	-58.08
Comprehensive Income & Other	-3.48	5.04	0	-	-	-
Shareholders' Equity	1,807	1,802	1,742	1,685	1,676	589.63
Total Liabilities & Equity	1,998	1,993	1,894	1,823	1,792	668.85
Total Debt	0.88	4.64	16.75	26.09	27.73	12.76
Net Cash (Debt)	1,278	1,299	1,342	1,306	1,437	417.52
Net Cash Growth	-1.89%	-3.20%	2.72%	-9.09%	244.12%	-6.33%
Net Cash Per Share	2.71	2.76	2.85	2.78	3.41	1.04
Filing Date Shares Outstanding	470.63	470.6	470.6	470.6	470.6	400
Total Common Shares Outstanding	470.63	470.6	470.6	470.6	470.6	400
Working Capital	1,406	1,394	1,469	1,423	1,530	461.72
Book Value Per Share	3.84	3.83	3.70	3.58	3.56	1.47
Tangible Book Value	1,713	1,722	1,668	1,599	1,635	569.05
Tangible Book Value Per Share	3.64	3.66	3.54	3.40	3.47	1.42
Buildings	-	115.05	25.63	25.63	25.63	25.63
Machinery	-	141.24	124.51	107.21	76.79	61

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