SHA:688353 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	504.73	555.1	782.15	2,044	2,842	234.57
Trading Asset Securities	494.29	554.64	917.44	80	-	-
Cash & Short-Term Investments	999.02	1,110	1,700	2,124	2,842	234.57
Cash Growth	-34.41%	-34.71%	-19.98%	-25.27%	1111.71%	303.49%
Accounts Receivable	763.77	639.04	363.26	355.3	283.35	559.54
Other Receivables	1.05	1.1	3.34	1.46	2.98	0.62
Receivables	764.81	640.14	366.59	356.76	286.34	560.16
Inventory	155.82	110.57	87.07	107.54	78.2	60.86
Other Current Assets	59.07	48.12	49.24	50.58	22.86	13.93
Total Current Assets	1,979	1,909	2,202	2,639	3,230	869.51
Property, Plant & Equipment	1,894	1,898	1,700	1,512	1,089	452.52
Long-Term Investments	179.98	218.89	105.78	-	-	-
Other Intangible Assets	258.86	260.54	205.82	179.56	148.66	82.15
Long-Term Deferred Tax Assets	47.69	65.03	48.23	16.49	9.83	5.45
Long-Term Deferred Charges	0.51	0.51	0.59	0.68	0.42	1.01
Other Long-Term Assets	177.49	29.07	27.02	74.06	61.29	138.49
Total Assets	4,538	4,381	4,290	4,422	4,539	1,549
Accounts Payable	406.95	208.12	285.79	225.89	343.68	142.42
Accrued Expenses	16.5	32.39	24.71	25.35	31.28	37.52
Short-Term Debt	-	-	-	3.46	-	133.36
Current Portion of Long-Term Debt	17.91	15.75	6.09	0.83	0.08	-
Current Portion of Leases	-	0.16	0.22	0.73	0.76	0.71
Current Income Taxes Payable	10.49	0	0	0	11.57	27.91
Current Unearned Revenue	15.05	4.08	0.2	0.04	0.03	80.88
Other Current Liabilities	36.71	232.38	183.15	190.71	110.8	47.29
Total Current Liabilities	503.61	492.88	500.16	447.02	498.21	470.09
Long-Term Debt	331.44	333.14	169.25	123.1	75	-
Long-Term Leases	0.17	0.16	-	0.47	1.29	1.46
Long-Term Unearned Revenue	31.58	29.94	23.93	27.93	31.6	20.08
Long-Term Deferred Tax Liabilities	-	-	0.05	-	0.12	-
Other Long-Term Liabilities	-	-	30.2	30.2	-	-
Total Liabilities	866.79	856.12	723.59	628.71	606.22	491.63
Common Stock	159.5	159.5	159.5	159.5	110	82
Additional Paid-In Capital	2,924	2,915	2,907	2,905	2,954	404.88
Retained Earnings	542.04	445.02	431.77	653.72	787.64	526.82
Treasury Stock	-114.54	-104.54	-50.32	-10	-	-
Comprehensive Income & Other	16.48	15.97	19.34	21.1	20.2	14.53
Total Common Equity	3,528	3,431	3,468	3,729	3,872	1,028
Minority Interest	143.13	93.32	98.76	64.18	60.46	29.26
Shareholders' Equity	3,671	3,525	3,566	3,793	3,932	1,057
Total Liabilities & Equity	4,538	4,381	4,290	4,422	4,539	1,549
Total Debt	349.51	349.21	175.56	128.6	77.13	135.53
Net Cash (Debt)	649.51	760.53	1,524	1,995	2,765	99.03
Net Cash Growth	-48.55%	-50.10%	-23.62%	-27.84%	2692.08%	-
Net Cash Per Share	3.94	4.59	9.60	12.52	20.36	0.83
Filing Date Shares Outstanding	154	154.81	157.37	159.17	159.5	118.9
Total Common Shares Outstanding	154	154.81	157.37	159.17	159.5	118.9
Working Capital	1,475	1,416	1,702	2,192	2,731	399.42
Book Value Per Share	22.91	22.16	22.04	23.43	24.28	8.65
Tangible Book Value	3,269	3,171	3,262	3,549	3,723	946.09
Tangible Book Value Per Share	21.23	20.48	20.73	22.30	23.34	7.96
Buildings	-	863.93	663.38	536.33	212.6	212.6
Machinery	-	1,321	1,107	964.02	513.73	498.96
Construction In Progress	-	360.68	438.63	420.69	690.81	9.65

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