SHA:688373 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	307.95	316.1	386.26	166.31	151.09	145.52
Trading Asset Securities	112.91	135.54	207.36	786.98	1,119	326.36
Cash & Short-Term Investments	420.86	451.64	593.62	953.3	1,270	471.88
Cash Growth	-29.92%	-23.92%	-37.73%	-24.95%	169.17%	-25.92%
Accounts Receivable	39.65	37.96	31.88	21.98	11.1	1.42
Other Receivables	20.21	20.52	21.02	0.19	0.34	0
Receivables	59.86	58.47	52.9	22.17	11.44	1.42
Inventory	44.4	50.25	52.94	37.52	21.89	11.01
Other Current Assets	70.62	62.09	49.21	41.27	67.01	25.29
Total Current Assets	595.74	622.46	748.66	1,054	1,371	509.59
Property, Plant & Equipment	61.86	61.73	75.8	86.21	97.46	122.8
Other Intangible Assets	0.81	0.95	1.68	1.93	2.19	0.84
Long-Term Deferred Charges	15.28	16.04	19.1	21.75	22.68	1.83
Other Long-Term Assets	3.91	3.91	3.89	4.42	4.54	13.48
Total Assets	677.59	705.09	849.13	1,169	1,497	648.54
Accounts Payable	73.42	16.57	26.21	11.13	10.85	1.91
Accrued Expenses	2.72	96.51	78.63	94.51	37.41	29.45
Short-Term Debt	25.02	25.02	5	-	48.75	50.08
Current Portion of Long-Term Debt	140.06	68.42	89.23	14.15	10.1	-
Current Portion of Leases	-	12.77	11.51	10.38	6.47	11.04
Current Income Taxes Payable	20.16	0.2	-	4.41	-	-
Current Unearned Revenue	5.19	0.47	-	0.13	-	-
Other Current Liabilities	21.46	4.42	1.71	1.93	1.52	1.71
Total Current Liabilities	288.02	224.38	212.3	136.65	115.11	94.19
Long-Term Debt	139.44	213.04	122.94	114.96	70	-
Long-Term Leases	66.45	60.38	73.18	81.7	94.89	99.87
Long-Term Unearned Revenue	1.75	1.75	1.75	1.25	3.1	16.1
Total Liabilities	495.66	499.55	410.16	334.56	283.1	210.17
Common Stock	656.23	656.23	655.61	655.21	655.21	525.21
Additional Paid-In Capital	1,588	1,588	1,571	1,532	1,495	636.77
Retained Earnings	-2,068	-2,046	-1,805	-1,364	-942.85	-722.55
Comprehensive Income & Other	5.27	7.69	17.08	10.91	7.19	-1.06
Shareholders' Equity	181.94	205.54	438.96	834	1,214	438.37
Total Liabilities & Equity	677.59	705.09	849.13	1,169	1,497	648.54
Total Debt	370.97	379.62	301.86	221.19	230.21	160.99
Net Cash (Debt)	49.9	72.02	291.76	732.11	1,040	310.88
Net Cash Growth	-79.44%	-75.32%	-60.15%	-29.60%	234.52%	-50.69%
Net Cash Per Share	0.08	0.11	0.44	1.12	1.79	0.59
Filing Date Shares Outstanding	715.12	655.61	655.61	655.21	655.21	525.21
Total Common Shares Outstanding	715.12	655.61	655.61	655.21	655.21	525.21
Working Capital	307.72	398.08	536.37	917.61	1,255	415.39
Book Value Per Share	0.25	0.31	0.67	1.27	1.85	0.83
Tangible Book Value	181.13	204.59	437.28	832.07	1,212	437.53
Tangible Book Value Per Share	0.25	0.31	0.67	1.27	1.85	0.83
Machinery	-	14.8	14.41	14.18	11.75	6.01
Construction In Progress	-	-	-	-	-	15.65

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