SHA:688388 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	1,829	2,306	1,981	2,542	2,134	1,259
Short-Term Investments	-	101.56	102.05	400.24	150.3	491.66
Trading Asset Securities	35.07	34.88	41.71	36.28	433.51	467.14
Cash & Short-Term Investments	1,864	2,442	2,124	2,979	2,718	2,218
Cash Growth	-18.01%	14.95%	-28.68%	9.60%	22.55%	68.65%
Accounts Receivable	2,322	2,822	1,881	1,231	1,149	707.15
Other Receivables	1,048	483.6	415.08	434.52	211.71	0.66
Receivables	3,369	3,306	2,296	1,665	1,360	707.81
Inventory	1,854	1,383	1,371	954.15	936.6	323.17
Other Current Assets	523.78	34.47	195.78	37.91	8.99	65.24
Total Current Assets	7,611	7,166	5,987	5,636	5,024	3,314
Property, Plant & Equipment	6,272	6,114	6,009	5,955	4,836	2,085
Long-Term Investments	547.81	787.96	285.94	444.25	248.82	181.73
Goodwill	17.81	17.81	17.81	22.69	21.2	21.2
Other Intangible Assets	382.79	385.18	395.19	403.18	277.04	106.48
Long-Term Deferred Tax Assets	105.49	108.26	93.26	48.91	8.04	2.31
Long-Term Deferred Charges	35.36	39.76	52.91	44.65	54.34	35.37
Other Long-Term Assets	270.43	111.23	204.03	246.55	326.36	314.66
Total Assets	15,243	14,730	13,045	12,801	10,796	6,060
Accounts Payable	1,118	548.9	548.85	1,316	336.16	284.01
Accrued Expenses	23.63	128.18	56.68	59.63	66.62	34.89
Short-Term Debt	870.13	1,341	1,011	351.58	716.66	1,059
Current Portion of Long-Term Debt	1,443	1,052	449	99.65	21.29	-
Current Portion of Leases	-	2.37	2.66	1.21	0.39	0.25
Current Income Taxes Payable	71.37	30.54	3.9	46.99	43.52	10.7
Current Unearned Revenue	17.17	3.2	3.88	17.07	4.22	1.51
Other Current Liabilities	74.02	596.93	622.63	927.5	732.98	165.75
Total Current Liabilities	3,617	3,703	2,698	2,819	1,922	1,556
Long-Term Debt	3,105	3,704	3,084	2,493	1,360	834.16
Long-Term Leases	1.87	2.09	4.6	1.8	0.23	-
Long-Term Unearned Revenue	230.97	230.92	201.81	173.89	99.59	50.43
Long-Term Deferred Tax Liabilities	8.61	8.69	9.29	9.04	9.77	11.01
Total Liabilities	6,963	7,648	5,998	5,497	3,392	2,452
Common Stock	455.66	426.25	426.24	426.24	304.46	234.19
Additional Paid-In Capital	6,330	5,125	5,109	5,070	5,153	1,882
Retained Earnings	1,404	1,284	1,227	1,472	1,620	1,265
Treasury Stock	-43.96	-43.96	-59.98	-8	-	-
Comprehensive Income & Other	-51.03	148.8	200.1	204.53	208.53	208.73
Total Common Equity	8,095	6,940	6,902	7,165	7,286	3,591
Minority Interest	184.38	142.15	144.6	138.72	117.74	18.1
Shareholders' Equity	8,279	7,082	7,047	7,304	7,404	3,609
Total Liabilities & Equity	15,243	14,730	13,045	12,801	10,796	6,060
Total Debt	5,420	6,101	4,551	2,948	2,099	1,893
Net Cash (Debt)	-3,555	-3,659	-2,427	31.17	619.02	324.41
Net Cash Growth	-	-	-	-94.97%	90.82%	-73.01%
Net Cash Per Share	-6.78	-8.34	-5.69	0.07	1.80	1.00
Filing Date Shares Outstanding	452.96	452.97	422.55	423.32	426.24	327.87
Total Common Shares Outstanding	452.96	452.97	422.55	425.87	426.24	327.87
Working Capital	3,994	3,463	3,288	2,817	3,102	1,758
Book Value Per Share	17.87	15.32	16.33	16.82	17.09	10.95
Tangible Book Value	7,694	6,537	6,489	6,739	6,988	3,463
Tangible Book Value Per Share	16.99	14.43	15.36	15.82	16.39	10.56
Buildings	-	3,198	3,198	3,090	1,257	679.49
Machinery	-	3,373	3,087	2,882	1,980	1,120
Construction In Progress	-	690.92	590.12	610.77	2,090	684.69

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