SHA:688365 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	152.94	162.31	221.15	292.79	72.74	235.97
Trading Asset Securities	60.7	65	81	27	201.42	223.18
Cash & Short-Term Investments	213.64	227.31	302.15	319.79	274.16	459.15
Cash Growth	-33.52%	-24.77%	-5.52%	16.64%	-40.29%	-45.14%
Accounts Receivable	109.82	72.21	62.58	54.36	57.13	50.27
Other Receivables	3.94	2.76	17.16	10.94	7.73	10.99
Receivables	113.76	74.97	79.74	65.29	64.85	61.27
Inventory	8.95	7.78	8.78	9.97	18.34	15.59
Other Current Assets	71.9	70.31	48.77	54.33	51.02	58.33
Total Current Assets	408.24	380.37	439.43	449.38	408.38	594.34
Property, Plant & Equipment	237.78	241.01	245.46	212.17	120.01	65
Long-Term Investments	570.58	570.58	544.76	567.41	468.99	459.94
Goodwill	335.15	335.15	190.28	194.6	196.34	206.72
Other Intangible Assets	41.87	44.68	57.29	69.93	82.61	101.7
Long-Term Deferred Tax Assets	5.99	5.99	5.99	5.99	5.99	19.22
Long-Term Deferred Charges	133.22	124.18	118.4	68.23	33.05	10.92
Other Long-Term Assets	47.94	45.89	1.63	-	-	28.19
Total Assets	1,781	1,748	1,603	1,568	1,315	1,486
Accounts Payable	35.88	31.26	38.11	47.89	30.58	8.46
Accrued Expenses	36.15	46	45.16	46.33	42.21	57.8
Short-Term Debt	123.66	104.5	166.43	116	131.04	68
Current Portion of Long-Term Debt	0.59	1.34	-	-	-	-
Current Portion of Leases	-	-	1.53	1.88	7.16	9.76
Current Income Taxes Payable	6.03	8.46	0.04	0.02	0.04	0.02
Current Unearned Revenue	241.77	214.7	191.53	159.83	135.98	131.5
Other Current Liabilities	126.05	134.62	42.6	40.6	25.97	47.88
Total Current Liabilities	570.13	540.88	485.42	412.56	372.97	323.41
Long-Term Debt	56.61	51.61	17.73	34.45	-	-
Long-Term Leases	2.38	1.77	1.49	1.89	1.06	8.69
Long-Term Unearned Revenue	-	-	137.97	86.21	58.69	24.71
Long-Term Deferred Tax Liabilities	4.75	5.2	7.3	9.41	11.53	14.1
Other Long-Term Liabilities	197.22	206.38	-	0	0.07	0.08
Total Liabilities	831.09	805.84	649.91	544.52	444.33	370.99
Common Stock	425.82	425.82	425.82	425.82	401	401
Additional Paid-In Capital	644.15	641.27	632.75	625.08	484.17	509.56
Retained Earnings	-103.76	-109.78	-83.7	-1.66	16.79	195.67
Treasury Stock	-11.17	-11.9	-18.62	-26.02	-30.02	-
Total Common Equity	955.04	945.41	956.25	1,023	871.94	1,106
Minority Interest	-5.36	-3.38	-2.9	-0.05	-0.9	8.8
Shareholders' Equity	949.68	942.03	953.35	1,023	871.04	1,115
Total Liabilities & Equity	1,781	1,748	1,603	1,568	1,315	1,486
Total Debt	183.24	159.22	187.18	154.22	139.26	86.45
Net Cash (Debt)	30.4	68.09	114.97	165.57	134.9	372.7
Net Cash Growth	-73.45%	-40.77%	-30.56%	22.74%	-63.80%	-54.66%
Net Cash Per Share	0.06	0.16	0.27	0.36	0.34	0.94
Filing Date Shares Outstanding	602.14	611.4	440.97	591.89	399.41	401
Total Common Shares Outstanding	602.14	611.4	440.97	591.89	399.41	401
Working Capital	-161.88	-160.51	-45.98	36.82	35.4	270.92
Book Value Per Share	1.59	1.55	2.17	1.73	2.18	2.76
Tangible Book Value	578.03	565.57	708.68	758.71	592.99	797.81
Tangible Book Value Per Share	0.96	0.93	1.61	1.28	1.48	1.99
Buildings	-	-	246.43	3.12	3.12	3.12
Machinery	-	-	23.66	21.29	21.15	23.98
Construction In Progress	-	-	-	201.62	102.6	33.37

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