SHA:688357 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	248.87	363.95	244.2	652.08	197.61	150.67
Trading Asset Securities	655.2	509.6	676	360	335	450
Cash & Short-Term Investments	904.06	873.55	920.2	1,012	532.61	600.67
Cash Growth	-0.26%	-5.07%	-9.08%	90.02%	-11.33%	17.19%
Accounts Receivable	254.94	263.39	198.32	240.08	251.04	174.15
Other Receivables	57.3	6.77	15.15	16.88	12.88	0.84
Receivables	312.24	270.16	213.47	256.96	263.92	174.99
Inventory	310.58	289.45	298.48	365.85	303.38	119.06
Prepaid Expenses	-	0.22	0.19	0.13	0.17	0.14
Other Current Assets	12.27	10.19	6.36	30.29	36.2	24.38
Total Current Assets	1,539	1,444	1,439	1,665	1,136	919.23
Property, Plant & Equipment	1,452	1,472	1,421	1,255	961.04	661.96
Long-Term Investments	125.97	80	-	-	1.42	-
Other Intangible Assets	84.22	86.08	82.75	92.11	73.43	74.8
Long-Term Deferred Tax Assets	0.96	1.24	1.08	0.81	4.5	4.22
Long-Term Deferred Charges	1.16	1.26	1.43	0.78	6.25	3.71
Other Long-Term Assets	0.72	2.05	3	15.19	3.15	17.73
Total Assets	3,204	3,086	2,948	3,029	2,186	1,682
Accounts Payable	353.66	257.58	208.33	253.64	320.37	212.72
Accrued Expenses	11.16	28.79	25.68	16.66	25.37	22.44
Short-Term Debt	29.02	29.02	37.02	35.03	-	-
Current Portion of Long-Term Debt	1.68	-	2.08	1.37	0.86	-
Current Portion of Leases	-	1.67	1.64	1.57	0.29	0.2
Current Income Taxes Payable	5.42	3.88	0	4.4	-	6.72
Current Unearned Revenue	33.81	28.57	21.21	38.47	40.78	52.72
Other Current Liabilities	50.11	137.6	166.51	246.68	198.49	134.42
Total Current Liabilities	484.86	487.1	462.5	597.8	586.16	429.22
Long-Term Debt	805.82	681.19	655.43	618.06	18.59	-
Long-Term Leases	0.25	0.67	1.96	3.57	0.37	0.05
Long-Term Unearned Revenue	14.58	13.04	9.12	9.75	10.39	11.03
Long-Term Deferred Tax Liabilities	36.02	36.62	23.11	21.29	21.13	17.01
Total Liabilities	1,342	1,219	1,152	1,250	636.63	457.31
Common Stock	100.06	100.06	100.06	83.38	59.45	57.99
Additional Paid-In Capital	881.5	881.5	881.38	903.63	918.69	709.67
Retained Earnings	778.89	762.45	683.94	669.22	575.63	466.62
Comprehensive Income & Other	102.28	123.66	130.64	122.44	-4.35	-9.94
Shareholders' Equity	1,863	1,868	1,796	1,779	1,549	1,224
Total Liabilities & Equity	3,204	3,086	2,948	3,029	2,186	1,682
Total Debt	836.76	712.55	698.15	659.59	20.1	0.25
Net Cash (Debt)	67.3	161	222.05	352.49	512.5	600.41
Net Cash Growth	-68.76%	-27.49%	-37.00%	-31.22%	-14.64%	24.43%
Net Cash Per Share	0.62	1.47	2.02	3.34	5.15	6.14
Filing Date Shares Outstanding	102.74	100.06	100.06	100.06	99.88	97.43
Total Common Shares Outstanding	102.74	100.06	100.06	100.06	99.88	97.43
Working Capital	1,054	956.48	976.19	1,068	550.12	490.01
Book Value Per Share	18.13	18.67	17.95	17.78	15.51	12.57
Tangible Book Value	1,779	1,782	1,713	1,687	1,476	1,150
Tangible Book Value Per Share	17.31	17.81	17.12	16.86	14.78	11.80
Buildings	-	681.65	565	470.96	289.19	233.32
Machinery	-	991.05	803.45	720.46	619.88	436.23
Construction In Progress	-	142.53	320.7	262	199.3	117.21

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