SHA:688399 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	477.4	483.77	810.63	1,769	1,792	1,287
Short-Term Investments	-	-	30.56	-	-	-
Trading Asset Securities	1,214	1,097	1,138	694.81	1,015	623.33
Cash & Short-Term Investments	1,691	1,580	1,979	2,464	2,807	1,911
Cash Growth	-13.65%	-20.15%	-19.69%	-12.22%	46.90%	32.97%
Accounts Receivable	41.2	39.84	53.89	108.71	610	343.63
Other Receivables	6.73	6.42	21.33	26.03	26.31	9.62
Receivables	47.93	46.27	75.23	134.74	636.31	353.25
Inventory	41.64	51.5	67.04	93.86	236.26	250.35
Prepaid Expenses	-	-	-	-	-	0.27
Other Current Assets	14.69	16.85	17.98	17	29.5	24.19
Total Current Assets	1,795	1,695	2,139	2,710	3,709	2,539
Property, Plant & Equipment	632.94	625.73	577.23	614.61	731.7	714.97
Long-Term Investments	553.26	547.27	224.15	112.64	116.28	122.9
Other Intangible Assets	25.49	26.04	27.45	29.88	27.41	26.82
Long-Term Deferred Tax Assets	59.24	64.78	75.01	80.39	91.63	19.27
Long-Term Deferred Charges	5.04	6.12	34.58	55.12	74.23	54.32
Other Long-Term Assets	593.03	589.49	662.23	303.99	140.6	22.18
Total Assets	3,664	3,554	3,740	3,906	4,891	3,499
Accounts Payable	31.91	60.5	17.56	29.17	327.8	132.5
Accrued Expenses	13.18	19.55	54.9	89.57	242.53	197.69
Short-Term Debt	440.64	316.74	227.69	156.94	84.89	150
Current Portion of Long-Term Debt	4.5	4.73	-	-	-	-
Current Portion of Leases	-	-	5.64	7.82	8.38	7.32
Current Income Taxes Payable	3.08	2.89	0	0	85.37	32.51
Current Unearned Revenue	17.65	17.4	38.76	14.46	38.39	66.21
Other Current Liabilities	28.93	45.76	23.27	65.9	145.24	269.4
Total Current Liabilities	539.9	467.58	367.82	363.87	932.6	855.63
Long-Term Debt	70.87	48.68	-	-	-	-
Long-Term Leases	6.17	6.94	7.22	8.7	10.52	6.9
Long-Term Unearned Revenue	49.82	52.52	64.28	78.24	90.82	86.82
Long-Term Deferred Tax Liabilities	0	0	-	0	16.24	3.53
Other Long-Term Liabilities	50	50	50	50.5	62.68	10
Total Liabilities	716.76	625.71	489.32	501.31	1,113	962.89
Common Stock	83.87	83.87	56.67	58.62	58.62	58.62
Additional Paid-In Capital	633.88	633.88	661.06	806.6	805.83	805.83
Retained Earnings	2,233	2,212	2,538	2,540	2,914	1,672
Comprehensive Income & Other	-3.07	-0.76	-4.98	-	-	-
Shareholders' Equity	2,947	2,929	3,251	3,405	3,778	2,536
Total Liabilities & Equity	3,664	3,554	3,740	3,906	4,891	3,499
Total Debt	522.18	377.09	240.55	173.46	103.79	164.23
Net Cash (Debt)	1,169	1,203	1,738	2,291	2,703	1,747
Net Cash Growth	-26.04%	-30.79%	-24.11%	-15.26%	54.77%	25.93%
Net Cash Per Share	13.98	14.35	17.63	26.42	31.16	20.14
Filing Date Shares Outstanding	84.49	83.87	83.87	86.76	86.76	86.76
Total Common Shares Outstanding	84.49	83.87	83.87	86.76	86.76	86.76
Working Capital	1,255	1,227	1,771	2,346	2,777	1,683
Book Value Per Share	34.89	34.92	38.76	39.25	43.55	29.24
Tangible Book Value	2,922	2,903	3,223	3,375	3,751	2,510
Tangible Book Value Per Share	34.58	34.61	38.43	38.90	43.23	28.93
Buildings	-	-	553.68	551.68	537.05	506.36
Machinery	-	-	237.44	236.62	313.41	263.97
Construction In Progress	-	-	4.94	1.53	16.99	20.72

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