SHA:688370 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	527.64	1,237	1,284	1,455	1,917	469.56
Trading Asset Securities	669.48	-	0.42	0.65	0.29	0.54
Cash & Short-Term Investments	1,197	1,237	1,284	1,456	1,917	470.1
Cash Growth	-5.72%	-3.62%	-11.79%	-24.08%	307.84%	16.37%
Accounts Receivable	146.45	147.94	168.59	232.02	251.97	206.21
Other Receivables	10.99	14.95	11.94	8.82	15.41	12.2
Receivables	157.43	162.89	180.54	240.83	267.38	218.41
Inventory	11.26	10.39	34.22	23.51	9.37	9.19
Prepaid Expenses	-	-	-	-	-	5.81
Other Current Assets	127.03	265.53	51.95	55.16	49.52	43.39
Total Current Assets	1,493	1,676	1,551	1,775	2,244	746.9
Property, Plant & Equipment	935.24	947.05	1,032	1,161	1,235	1,112
Long-Term Investments	447.16	295.88	431.19	193.82	81.86	46.62
Goodwill	29.15	29.15	29.15	29.15	49.4	49.4
Other Intangible Assets	126.11	127.11	132.67	129.98	134.97	139.58
Long-Term Deferred Tax Assets	1.49	-	-	-	0.4	-
Long-Term Deferred Charges	1.14	1.26	1.76	2.81	-	0.54
Other Long-Term Assets	0.41	1.04	2.19	1.31	5.79	77.8
Total Assets	3,034	3,078	3,180	3,293	3,751	2,173
Accounts Payable	76.12	85.28	96.81	151.55	173.75	176.65
Accrued Expenses	17.94	29.18	30.55	38.5	43.29	39.37
Short-Term Debt	40	74.63	90.98	61.51	62.32	105.75
Current Portion of Long-Term Debt	72.63	72.95	112.9	115.6	158.34	5.35
Current Portion of Leases	-	-	0.33	0.33	0.26	0.33
Current Income Taxes Payable	15.46	13.87	11.17	6.98	11.52	22.6
Current Unearned Revenue	26.6	29.85	46.09	55.34	34.51	48.91
Other Current Liabilities	10.13	8.67	16.81	20.61	52.63	54.84
Total Current Liabilities	258.88	314.42	405.65	450.42	536.61	453.79
Long-Term Debt	44.35	44.35	39.6	112.64	255.1	411.55
Long-Term Leases	0.6	0.38	0.54	0.53	0.57	0.12
Long-Term Unearned Revenue	18.17	18.52	19.9	18.1	19.43	20.17
Long-Term Deferred Tax Liabilities	-	1.23	2.39	0.81	-	2.57
Other Long-Term Liabilities	51.95	48.36	46.11	43.94	40.58	4.46
Total Liabilities	373.96	427.26	514.19	626.44	852.3	892.67
Common Stock	137.11	137.11	137.11	138.32	106.4	79.79
Additional Paid-In Capital	1,964	1,962	1,944	1,976	1,994	569.48
Retained Earnings	569.87	559.12	586.56	546.34	755.89	580.92
Comprehensive Income & Other	0.02	0.02	-	0.06	-	0.32
Total Common Equity	2,671	2,658	2,667	2,661	2,857	1,231
Minority Interest	-11.26	-7.56	-1.32	5.51	41.68	49.42
Shareholders' Equity	2,660	2,651	2,666	2,666	2,898	1,280
Total Liabilities & Equity	3,034	3,078	3,180	3,293	3,751	2,173
Total Debt	157.58	192.31	244.35	290.6	476.58	523.1
Net Cash (Debt)	1,040	1,045	1,040	1,165	1,441	-53
Net Cash Growth	5.16%	0.53%	-10.76%	-19.14%	-	-
Net Cash Per Share	7.52	7.67	7.51	8.44	12.52	-0.51
Filing Date Shares Outstanding	134.33	137.11	137.11	138.32	138.32	103.73
Total Common Shares Outstanding	134.33	137.11	137.11	138.32	138.32	103.73
Working Capital	1,234	1,362	1,145	1,325	1,707	293.11
Book Value Per Share	19.88	19.39	19.45	19.24	20.65	11.86
Tangible Book Value	2,516	2,502	2,505	2,502	2,672	1,042
Tangible Book Value Per Share	18.73	18.25	18.27	18.09	19.32	10.04
Land	-	-	73.85	75.17	75.17	20.66
Buildings	-	-	847.21	841.64	764.36	537.3
Machinery	-	-	639.73	611.24	580.66	465.35
Construction In Progress	-	-	27.04	89.49	173.31	366.15

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