SHA:688379 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	487.93	191.87	194.85	201.19	130.52	102.65
Trading Asset Securities	0.38	-	-	0.01	40.35	64.35
Cash & Short-Term Investments	488.31	191.87	194.85	201.2	170.86	167
Cash Growth	42.55%	-1.53%	-3.15%	17.75%	2.31%	-25.73%
Accounts Receivable	1,198	948.88	774.31	671.37	611.08	638.89
Other Receivables	3.61	4.14	4.31	5.74	5.21	-
Receivables	1,202	953.02	778.62	678.77	616.3	638.89
Inventory	1,109	875.32	740.68	530.73	412.46	363.9
Prepaid Expenses	-	0.01	1.15	1.16	3.64	4.22
Other Current Assets	339.84	156.36	112.96	58.62	76.26	72.59
Total Current Assets	3,140	2,177	1,828	1,470	1,280	1,247
Property, Plant & Equipment	646.64	620.91	448.46	388.56	332.25	231.41
Long-Term Investments	11.15	11.15	11.42	4.62	-	-
Other Intangible Assets	120.89	124.55	68.35	50.26	44.97	44.45
Long-Term Deferred Tax Assets	12.07	9.88	10.45	13.38	12.68	4.86
Long-Term Deferred Charges	-	-	-	-	-	0.01
Other Long-Term Assets	17.33	16.79	6.12	21.81	18.19	6.72
Total Assets	3,948	2,960	2,373	1,949	1,688	1,534
Accounts Payable	641.04	481.64	254.67	147.49	104.15	79.23
Accrued Expenses	9.72	20.58	18.95	16.03	12.24	17.62
Short-Term Debt	1,331	685.91	620.85	379.93	385.46	338.78
Current Portion of Long-Term Debt	362.58	300.83	190.07	42.66	38.5	0.06
Current Portion of Leases	-	4.38	-	-	-	-
Current Income Taxes Payable	8.3	4.36	0.01	0.01	0.02	-
Current Unearned Revenue	10.88	12.76	4.23	3.31	1.13	1.56
Other Current Liabilities	121.27	142.85	188.33	179.31	121.17	113.16
Total Current Liabilities	2,485	1,653	1,277	768.73	662.67	550.42
Long-Term Debt	25.02	103.5	83.58	228.83	112.87	49
Long-Term Leases	3.05	5.49	-	-	-	-
Long-Term Unearned Revenue	30.74	25.07	16.23	15.18	15.53	17.4
Total Liabilities	2,544	1,787	1,377	1,013	791.07	616.82
Common Stock	94.98	90.09	90.09	89.44	88.75	88
Additional Paid-In Capital	641.05	451.1	437.36	437.3	424.68	406.2
Retained Earnings	715.25	678.19	527.5	459.68	418.08	423.04
Treasury Stock	-47.46	-47.57	-58.61	-50.05	-34.95	-
Comprehensive Income & Other	-0.06	0.68	-0.18	-0.01	-0.02	-
Shareholders' Equity	1,404	1,172	996.16	936.36	896.54	917.23
Total Liabilities & Equity	3,948	2,960	2,373	1,949	1,688	1,534
Total Debt	1,722	1,100	894.49	651.42	536.83	387.84
Net Cash (Debt)	-1,234	-908.24	-699.64	-450.23	-365.97	-220.84
Net Cash Per Share	-14.11	-10.43	-8.16	-5.19	-4.20	-2.49
Filing Date Shares Outstanding	86.17	92.69	87.4	85.34	86.6	88
Total Common Shares Outstanding	86.17	87.8	87.4	85.34	86.6	88
Working Capital	654.49	523.28	551.16	701.74	616.85	696.18
Book Value Per Share	16.29	13.35	11.40	10.97	10.35	10.42
Tangible Book Value	1,283	1,048	927.81	886.1	851.57	872.78
Tangible Book Value Per Share	14.89	11.94	10.62	10.38	9.83	9.92
Buildings	-	298.37	317.56	315.62	152.34	151.49
Machinery	-	239.63	208.97	177.65	146.1	108.05
Construction In Progress	-	239.38	93.32	35.66	150.24	69.6

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