SHA:688377 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	381.94	347.78	315.36	299.9	336.09	193.95
Trading Asset Securities	-	10	-	130.66	180.18	411.03
Cash & Short-Term Investments	381.94	357.79	315.36	430.57	516.28	604.98
Cash Growth	24.32%	13.45%	-26.76%	-16.60%	-14.66%	-20.15%
Accounts Receivable	489.25	548.74	538.7	483.31	450.75	231.9
Other Receivables	4	2.44	0.25	0.4	0.15	0.06
Receivables	493.25	551.18	538.95	483.71	450.9	231.96
Inventory	451.98	448.46	487.41	432.32	413.99	317.01
Other Current Assets	32.08	43.27	29.72	36.34	29.27	20.39
Total Current Assets	1,359	1,401	1,371	1,383	1,410	1,174
Property, Plant & Equipment	1,287	1,261	1,237	893.72	649.27	409.84
Goodwill	68.79	70.09	68.33	-	-	-
Other Intangible Assets	70.54	71.43	62.36	65.82	68.43	50.43
Long-Term Deferred Tax Assets	11.12	14.04	8.71	9.98	8.73	5.81
Long-Term Deferred Charges	-	-	0.08	0.19	-	-
Other Long-Term Assets	13.37	37.35	17.07	172.33	164.5	277.51
Total Assets	2,810	2,854	2,765	2,525	2,301	1,918
Accounts Payable	459.82	506.85	538.78	564.58	457.64	296.45
Accrued Expenses	13.29	22.81	22.03	16.65	14.73	13.33
Short-Term Debt	242.89	240.86	175.62	83.06	134.12	30.03
Current Portion of Long-Term Debt	32.8	40.55	21.69	42.7	8.07	0.04
Current Portion of Leases	-	1.59	2.48	0.46	1.87	7.13
Current Income Taxes Payable	9.04	7.22	8.14	15.14	7.95	1.17
Current Unearned Revenue	1.59	1.06	1.22	0.48	1.99	6.47
Other Current Liabilities	5.14	8.7	25.99	3.21	2.5	19.36
Total Current Liabilities	764.56	829.64	795.96	726.29	628.88	373.99
Long-Term Debt	82	82	122.64	28.37	31.03	31.48
Long-Term Leases	18.05	18.39	17.04	-	-	1.87
Long-Term Unearned Revenue	26.7	27.31	29.28	27.83	19.18	18.71
Long-Term Deferred Tax Liabilities	6.29	6.59	7.57	-	-	0.15
Total Liabilities	897.59	963.94	972.51	782.49	679.09	426.2
Common Stock	194.64	194.67	194.67	194.67	194.67	194.67
Additional Paid-In Capital	942.37	950.48	953.43	953.57	945.03	929.34
Retained Earnings	774.75	757.61	665.39	624.26	512.58	391.11
Treasury Stock	-	-12.25	-21.12	-30	-30	-23.4
Comprehensive Income & Other	0.3	0	0.01	-	-	-
Total Common Equity	1,912	1,891	1,792	1,742	1,622	1,492
Minority Interest	0.11	-	-	-	-	-
Shareholders' Equity	1,912	1,891	1,792	1,742	1,622	1,492
Total Liabilities & Equity	2,810	2,854	2,765	2,525	2,301	1,918
Total Debt	375.74	383.39	339.49	154.6	175.09	70.56
Net Cash (Debt)	6.21	-25.6	-24.13	275.97	341.18	534.42
Net Cash Growth	-	-	-	-19.11%	-36.16%	-22.74%
Net Cash Per Share	0.03	-0.11	-0.10	1.18	1.47	2.35
Filing Date Shares Outstanding	233.57	221.84	232.75	232.13	231.51	231.92
Total Common Shares Outstanding	233.57	221.84	232.75	231.51	231.51	231.92
Working Capital	594.69	571.06	575.48	656.65	781.55	800.35
Book Value Per Share	8.19	8.52	7.70	7.53	7.01	6.43
Tangible Book Value	1,773	1,749	1,662	1,677	1,554	1,441
Tangible Book Value Per Share	7.59	7.88	7.14	7.24	6.71	6.21
Buildings	-	306.72	192.66	84.55	81.51	79.03
Machinery	-	1,327	860.07	694.1	637.77	351.01
Construction In Progress	-	146.89	620.04	396.1	151.7	135.65

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