SHA:688380 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	198.53	351.91	215.88	917.26	1,062	318.7
Short-Term Investments	-	1,284	1,309	787.94	111.69	10.1
Trading Asset Securities	1,257	1,066	889.83	427.01	1,139	588.07
Cash & Short-Term Investments	1,455	2,702	2,414	2,132	2,313	916.87
Cash Growth	42.60%	11.93%	13.24%	-7.82%	152.29%	241.55%
Accounts Receivable	213.19	252.44	219.39	202.94	165.83	68.37
Other Receivables	10.67	1.6	1.47	3.03	4.7	3.66
Receivables	223.86	254.04	220.86	205.97	170.53	72.03
Inventory	327.63	342.36	376.08	469.22	534.63	256.14
Prepaid Expenses	-	-	-	0.14	-	-
Other Current Assets	1,189	78.53	67.55	93.74	117.45	67.61
Total Current Assets	3,196	3,377	3,079	2,901	3,136	1,313
Property, Plant & Equipment	216.38	218.21	139.48	152.84	145.96	114.85
Long-Term Investments	15	5	5	5	-	-
Other Intangible Assets	31.88	27.94	27.77	29.97	31.63	32.97
Long-Term Deferred Tax Assets	10.53	11.47	18.34	21.22	7.94	1.84
Long-Term Deferred Charges	38.19	36.18	37.59	38.58	41.28	16.3
Other Long-Term Assets	6.24	3.19	2.15	2.21	9.61	33.89
Total Assets	3,514	3,679	3,309	3,151	3,372	1,512
Accounts Payable	174.29	152.45	120.39	97.71	91.78	82.55
Accrued Expenses	10.17	46.02	39.43	30.15	39.78	42.63
Short-Term Debt	-	199.82	99.4	-	-	10.01
Current Portion of Leases	-	3.1	6.92	7.86	6.79	4.35
Current Income Taxes Payable	18.58	2.32	0.44	0.21	1.24	2.5
Current Unearned Revenue	5.89	5.64	7.64	3.27	2.67	18.25
Other Current Liabilities	45.73	65.81	18.32	13.84	11.39	11.38
Total Current Liabilities	257.55	475.16	292.54	153.04	153.64	171.66
Long-Term Leases	2.59	0.87	5.15	8.14	11.79	6.57
Long-Term Unearned Revenue	5.3	2.96	3.01	0.37	0.74	4.85
Long-Term Deferred Tax Liabilities	20.33	22.98	15.24	17.88	17.77	18.74
Total Liabilities	285.77	501.97	315.93	179.44	183.94	201.82
Common Stock	400.37	400.37	400.37	400.37	400.37	337.37
Additional Paid-In Capital	1,862	1,862	1,862	1,862	1,862	108.48
Retained Earnings	995.2	943.95	759.48	722.55	924.66	865.22
Treasury Stock	-30.45	-30.45	-30.45	-14.89	-	-
Comprehensive Income & Other	1	1.54	1.99	1.64	1.25	-0.39
Total Common Equity	3,228	3,177	2,993	2,972	3,188	1,311
Shareholders' Equity	3,228	3,177	2,993	2,972	3,188	1,311
Total Liabilities & Equity	3,514	3,679	3,309	3,151	3,372	1,512
Total Debt	5.49	203.79	111.46	16.01	18.58	20.93
Net Cash (Debt)	1,450	2,499	2,303	2,116	2,295	895.94
Net Cash Growth	59.36%	8.49%	8.83%	-7.77%	156.11%	233.76%
Net Cash Per Share	3.61	6.26	5.72	4.82	6.57	2.66
Filing Date Shares Outstanding	394.22	398.86	398.86	399.6	400.37	337.37
Total Common Shares Outstanding	394.22	398.86	398.86	399.75	400.37	337.37
Working Capital	2,938	2,902	2,786	2,748	2,982	1,141
Book Value Per Share	8.19	7.97	7.50	7.43	7.96	3.89
Tangible Book Value	3,196	3,149	2,966	2,942	3,157	1,278
Tangible Book Value Per Share	8.11	7.90	7.44	7.36	7.88	3.79
Buildings	-	207.71	112.88	113.76	3.33	3.33
Machinery	-	56.85	53.37	53.69	49.83	40.49
Construction In Progress	-	-	0.93	-	97.29	77.05

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