SHA:688359 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	82.44	41.79	43.35	55.51	73.25	157.94
Trading Asset Securities	31.3	47.33	17.13	1.24	-	37.06
Cash & Short-Term Investments	113.74	89.12	60.48	56.75	73.25	195
Cash Growth	-26.67%	47.35%	6.58%	-22.53%	-62.43%	338.54%
Accounts Receivable	411.83	385.65	453.05	367.38	247.15	226.58
Other Receivables	62.27	69.71	19.55	15.71	20.83	2.33
Receivables	474.1	455.36	472.59	383.09	267.98	228.91
Inventory	178.23	156.19	106.5	91.1	51.81	51.57
Other Current Assets	12.7	4.91	14.68	12.18	16.29	11.26
Total Current Assets	778.77	705.57	654.25	543.12	409.34	486.74
Property, Plant & Equipment	253.1	257.32	264.36	295.87	185.71	115.89
Long-Term Investments	8.09	7.6	8.4	8.85	22.94	22.03
Goodwill	118.14	118.14	104.02	104.02	10.49	0.02
Other Intangible Assets	159.53	163.15	178.31	190.66	66.76	10.53
Long-Term Deferred Tax Assets	85.06	84.47	60.03	64.53	25.09	3.9
Long-Term Deferred Charges	1.31	1.5	0.9	1.34	0.78	1.36
Other Long-Term Assets	0.22	3.91	1.06	2.6	33.34	3
Total Assets	1,404	1,342	1,271	1,211	754.44	643.47
Accounts Payable	118.37	99.51	87.62	76.49	29.34	26.85
Accrued Expenses	10.84	21.58	30.61	33.15	18.87	6.6
Short-Term Debt	140.04	123.95	251.24	199.26	63.13	13.02
Current Portion of Long-Term Debt	113.6	99.31	64.03	18.45	12.98	-
Current Portion of Leases	-	-	1.37	4.46	1.89	0.82
Current Income Taxes Payable	62.16	72.12	3.9	9.86	0.03	1.54
Current Unearned Revenue	36.48	47.53	7.95	9.19	8.72	0.02
Other Current Liabilities	37.91	30.34	73.87	72.16	57.74	16.66
Total Current Liabilities	519.4	494.34	520.61	423.03	192.7	65.51
Long-Term Debt	97.21	100.83	31.58	64.71	15.82	-
Long-Term Leases	7.88	7.03	3.71	5.03	1.39	0.42
Long-Term Unearned Revenue	7.71	7.81	7.94	7.83	7.31	7.72
Pension & Post-Retirement Benefits	-	-	1.02	1.02	1.02	-
Long-Term Deferred Tax Liabilities	23.52	24.16	26.44	30.07	11.91	1.3
Other Long-Term Liabilities	3.62	4.87	34.34	71.09	48.53	-
Total Liabilities	659.33	639.04	625.63	602.78	278.69	74.95
Common Stock	98.75	98.33	93.57	92.92	92.81	92.18
Additional Paid-In Capital	484.82	452.53	327.35	290.84	243.17	268.79
Retained Earnings	44.81	39.24	87.56	100.14	136.94	185.31
Comprehensive Income & Other	-0.06	-0.06	-0.01	-	-	-
Total Common Equity	628.32	590.04	508.47	483.9	472.91	546.28
Minority Interest	116.57	112.58	137.23	124.3	2.85	22.24
Shareholders' Equity	744.89	702.62	645.7	608.21	475.76	568.52
Total Liabilities & Equity	1,404	1,342	1,271	1,211	754.44	643.47
Total Debt	358.72	331.12	351.93	291.92	95.22	14.26
Net Cash (Debt)	-244.98	-242	-291.45	-235.17	-21.97	180.73
Net Cash Growth	-	-	-	-	-	438.48%
Net Cash Per Share	-2.52	-2.50	-3.24	-2.56	-0.24	2.18
Filing Date Shares Outstanding	92.82	98.33	93.57	92.92	92.81	92.18
Total Common Shares Outstanding	92.82	98.33	93.57	92.92	92.81	92.18
Working Capital	259.38	211.24	133.64	120.09	216.64	421.23
Book Value Per Share	6.77	6.00	5.43	5.21	5.10	5.93
Tangible Book Value	350.65	308.75	226.14	189.22	395.66	535.73
Tangible Book Value Per Share	3.78	3.14	2.42	2.04	4.26	5.81
Buildings	-	-	216.34	234.34	167.07	60.97
Machinery	-	-	137.34	132.45	49.5	16.58
Construction In Progress	-	-	1.56	0.82	3.54	61.33

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