SHA:688389 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	1,265	1,574	1,724	1,310	931.64	808.71
Trading Asset Securities	-	-	73.25	-	-	-
Cash & Short-Term Investments	1,265	1,574	1,797	1,310	931.64	808.71
Cash Growth	-23.72%	-12.42%	37.21%	40.57%	15.20%	-4.27%
Accounts Receivable	171.16	173.64	185.15	165.24	95.12	51.1
Other Receivables	4.83	5.24	2.76	3.7	3.8	10.21
Receivables	175.99	178.88	187.91	168.94	98.92	61.31
Inventory	183.32	183.04	172.77	143.72	142.43	112.76
Other Current Assets	20.61	21.89	25.09	33.77	21.05	27.52
Total Current Assets	1,645	1,957	2,183	1,656	1,194	1,010
Property, Plant & Equipment	547.87	550.76	484.58	456.69	428.01	298.15
Long-Term Investments	164.35	133.74	60.84	22.5	-	-
Goodwill	23.16	23.16	36.2	50.55	65.66	51.51
Other Intangible Assets	98.55	99.72	100.56	95.74	99.54	96.36
Long-Term Deferred Tax Assets	18.19	19.81	14.04	20.7	2.87	0.27
Long-Term Deferred Charges	1.74	1.87	1.35	2.29	2.41	2.03
Other Long-Term Assets	27.07	23.02	12	24.03	25.82	15.85
Total Assets	2,526	2,810	2,895	2,331	1,821	1,474
Accounts Payable	100.3	133.47	106.17	98.81	70.94	79.06
Accrued Expenses	33.02	68.96	89.05	112.39	86.8	45.71
Short-Term Debt	149	397	600	240	132	-
Current Portion of Long-Term Debt	0.1	0.19	-	-	-	-
Current Portion of Leases	-	-	-	0.98	0.61	3.52
Current Income Taxes Payable	11.85	11.01	2.21	21.26	-	12.67
Current Unearned Revenue	54.39	51.63	23.29	42.07	58.94	21.58
Other Current Liabilities	30.14	34.25	21.35	9.75	18.76	41.39
Total Current Liabilities	378.8	696.51	842.08	525.26	368.05	203.93
Long-Term Leases	0.84	0.84	-	2.5	-	0.61
Long-Term Unearned Revenue	3.07	3.44	3.05	6	8.75	11.96
Long-Term Deferred Tax Liabilities	-	-	-	-	0.22	-
Total Liabilities	382.72	700.79	845.13	533.76	377.02	216.5
Common Stock	428.49	428.49	428.49	428.08	422.2	422.2
Additional Paid-In Capital	630.76	629.28	627.85	613.16	489.81	481.77
Retained Earnings	1,076	1,044	980.61	755.51	527.81	351.46
Comprehensive Income & Other	14.03	14.03	14.03	-	-	-
Total Common Equity	2,150	2,116	2,051	1,797	1,440	1,255
Minority Interest	-6.8	-7.05	-1.56	0.88	3.68	2.52
Shareholders' Equity	2,143	2,109	2,049	1,798	1,443	1,258
Total Liabilities & Equity	2,526	2,810	2,895	2,331	1,821	1,474
Total Debt	149.94	398.03	600	243.48	132.61	4.13
Net Cash (Debt)	1,115	1,176	1,197	1,066	799.03	804.58
Net Cash Growth	0.97%	-1.78%	12.26%	33.43%	-0.69%	-4.52%
Net Cash Per Share	2.61	2.74	2.81	2.50	1.91	1.90
Filing Date Shares Outstanding	406.05	428.49	428.49	428.08	425.58	422.2
Total Common Shares Outstanding	406.05	428.49	428.49	428.08	422.2	422.2
Working Capital	1,266	1,261	1,341	1,131	825.99	806.37
Book Value Per Share	5.29	4.94	4.79	4.20	3.41	2.97
Tangible Book Value	2,028	1,993	1,914	1,650	1,275	1,108
Tangible Book Value Per Share	4.99	4.65	4.47	3.86	3.02	2.62
Buildings	-	-	415.17	210.85	172.58	155.78
Machinery	-	-	144.97	126.91	116.02	105.82
Construction In Progress	-	-	45.43	208.34	212.86	86.95

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