SHA:688386 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	482.49	149.26	27.59	58.6	106.23	172.97
Trading Asset Securities	149.87	-	57.06	-	-	20
Cash & Short-Term Investments	632.36	149.26	84.65	58.6	106.23	192.97
Cash Growth	540.53%	76.33%	44.45%	-44.83%	-44.95%	17.52%
Accounts Receivable	418.81	419.18	285.52	237.24	189.44	167.22
Other Receivables	2.97	0.77	0.45	0.8	0.48	0.73
Receivables	421.78	419.95	285.97	238.06	189.92	167.95
Inventory	198.09	203.49	104.32	85.02	77.42	59.4
Other Current Assets	51.94	36.93	6.76	5.47	5.88	4.11
Total Current Assets	1,304	809.63	481.7	387.16	379.45	424.43
Property, Plant & Equipment	875.73	693.67	341.59	278.18	272.23	274.35
Long-Term Investments	72.6	74.49	124.53	154.54	99.8	-
Goodwill	119.14	119.14	67.28	67.28	67.28	113.01
Other Intangible Assets	208.64	192.92	57.98	61.53	69.22	45.06
Long-Term Accounts Receivable	-	9.45	1.15	0.97	2.46	3.78
Long-Term Deferred Tax Assets	7.01	7.38	1.49	0.95	1.29	2.35
Long-Term Deferred Charges	11.43	12.21	0.1	-	-	-
Other Long-Term Assets	3.9	4.98	12.79	2.39	-	0.03
Total Assets	2,603	1,924	1,089	953	891.73	863.01
Accounts Payable	169.23	119.3	77.01	44.71	32.96	39.54
Accrued Expenses	19.66	29.37	21.48	20.24	19.16	15.48
Short-Term Debt	297.33	269.06	43.04	37.79	49.55	50.05
Current Portion of Long-Term Debt	-	23.62	16.02	8.01	8.01	-
Current Portion of Leases	-	5.34	1.88	2.06	2.37	-
Current Income Taxes Payable	-	12.79	8.63	4.91	12.95	5.69
Current Unearned Revenue	18.44	22.42	1.87	0.57	0.69	0.62
Other Current Liabilities	62.26	84.11	18.55	22.41	29.3	37.11
Total Current Liabilities	566.93	566.01	188.47	140.69	154.99	148.49
Long-Term Debt	333.94	341.81	108.02	68.07	76.09	84.1
Long-Term Leases	14.48	13.45	-	1.83	3.43	5.34
Long-Term Unearned Revenue	9.87	9.91	8.48	9.06	2.79	2.29
Long-Term Deferred Tax Liabilities	12.75	12.34	9.29	9.38	7.18	6.91
Other Long-Term Liabilities	2.61	2.61	-	-	-	-
Total Liabilities	940.59	946.13	314.26	229.04	244.48	247.14
Common Stock	99.61	91	70	70	70	70
Additional Paid-In Capital	986.36	330.41	343.87	366.41	351.41	351.41
Retained Earnings	431.56	413.4	311.83	247.67	196.14	164.79
Total Common Equity	1,518	834.81	725.7	684.08	617.54	586.2
Minority Interest	144.52	142.94	48.65	39.89	29.7	29.67
Shareholders' Equity	1,662	977.75	774.35	723.97	647.24	615.87
Total Liabilities & Equity	2,603	1,924	1,089	953	891.73	863.01
Total Debt	645.76	653.28	168.96	117.76	139.45	139.5
Net Cash (Debt)	-13.4	-504.02	-84.31	-59.16	-33.22	53.47
Net Cash Growth	-	-	-	-	-	-67.34%
Net Cash Per Share	-0.15	-5.52	-0.93	-0.65	-0.37	0.59
Filing Date Shares Outstanding	95.58	99.61	91	91	91	91
Total Common Shares Outstanding	95.58	91	91	91	91	91
Working Capital	737.25	243.63	293.23	246.47	224.47	275.93
Book Value Per Share	15.88	9.17	7.97	7.52	6.79	6.44
Tangible Book Value	1,190	522.75	600.44	555.27	481.04	428.13
Tangible Book Value Per Share	12.45	5.74	6.60	6.10	5.29	4.70
Buildings	-	353.2	199.89	194.53	232.71	208.04
Machinery	-	379.26	225.24	194.02	157.24	131.48
Construction In Progress	-	154.86	78.41	21.15	7.72	34.62

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