SHA:688400 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	1,271	762.39	2,066	2,083	2,122	542.03
Trading Asset Securities	495.02	338.28	40	72	-	-
Cash & Short-Term Investments	1,766	1,101	2,106	2,155	2,122	542.03
Cash Growth	8.29%	-47.73%	-2.29%	1.59%	291.43%	-18.89%
Accounts Receivable	1,365	1,508	1,154	1,270	1,434	948
Other Receivables	174.05	159.23	142.42	103.4	86.71	60.92
Receivables	1,539	1,667	1,297	1,374	1,521	1,009
Inventory	526.51	448.12	372.1	403.49	470.22	387.39
Other Current Assets	104.11	67.48	66.36	49	51.55	93.43
Total Current Assets	4,021	3,283	3,841	3,982	4,164	2,032
Property, Plant & Equipment	828.15	814.11	661.24	527.42	475.39	376.98
Long-Term Investments	1,387	727.81	387.02	304.36	212.03	131.21
Goodwill	670.57	696.35	0.97	0.97	-	-
Other Intangible Assets	188.77	195.27	123.36	70.33	23.94	21.72
Long-Term Accounts Receivable	-	0.55	-	-	-	-
Long-Term Deferred Tax Assets	220.64	224.64	179.86	158.55	123.86	28.93
Long-Term Deferred Charges	36.13	38.16	28.64	41.9	14.65	8.97
Other Long-Term Assets	382.12	249.54	236.33	-	-	0.75
Total Assets	7,734	6,229	5,459	5,085	5,014	2,600
Accounts Payable	629.88	662.72	396.9	501.59	561.06	394.89
Accrued Expenses	145.48	220.3	165.57	197.44	145.71	104.66
Short-Term Debt	108.83	116.81	560.06	5.22	41.04	168.53
Current Portion of Long-Term Debt	12.59	24.43	-	-	-	9.56
Current Portion of Leases	-	12.84	14.32	25.62	20.33	10.83
Current Income Taxes Payable	66.59	2.36	1.56	4.15	1.34	1.12
Current Unearned Revenue	194.39	169.48	122.86	93.46	109.56	143.49
Other Current Liabilities	60.58	93.39	49.11	19.86	30.13	20.67
Total Current Liabilities	1,218	1,302	1,310	847.34	909.17	853.75
Long-Term Debt	487.37	477.85	54.61	26.5	-	28.5
Long-Term Leases	9.29	11.95	25.66	40.24	23.95	24.89
Long-Term Unearned Revenue	95.27	102.65	128.35	122.26	97.61	76.92
Long-Term Deferred Tax Liabilities	214.07	74.87	27.67	38.25	35.27	-
Other Long-Term Liabilities	14.8	12.48	13.87	43.45	50.77	49.79
Total Liabilities	2,039	1,982	1,561	1,118	1,117	1,034
Common Stock	479.23	460.98	463.5	463.5	463.5	360
Additional Paid-In Capital	3,526	2,873	2,925	2,919	2,919	886.03
Retained Earnings	1,048	848.55	698.57	614.48	508.48	320.77
Treasury Stock	-170.04	-131.01	-180.02	-27.45	-	-
Comprehensive Income & Other	822.56	205.51	1.31	1.07	0.59	-6.2
Total Common Equity	5,706	4,257	3,908	3,971	3,891	1,561
Minority Interest	-11.34	-9.88	-9.96	-3.87	6.29	5.86
Shareholders' Equity	5,695	4,247	3,898	3,967	3,897	1,566
Total Liabilities & Equity	7,734	6,229	5,459	5,085	5,014	2,600
Total Debt	618.08	643.88	654.66	97.58	85.32	242.3
Net Cash (Debt)	1,148	456.79	1,451	2,058	2,036	299.73
Net Cash Growth	81.80%	-68.53%	-29.47%	1.05%	579.40%	-50.08%
Net Cash Per Share	2.54	0.99	3.12	4.39	4.99	0.84
Filing Date Shares Outstanding	464.58	471.93	454.93	459.64	463.5	360
Total Common Shares Outstanding	464.58	454.63	454.93	462.37	463.5	360
Working Capital	2,802	1,981	2,531	3,134	3,255	1,178
Book Value Per Share	12.28	9.36	8.59	8.59	8.40	4.34
Tangible Book Value	4,847	3,366	3,784	3,900	3,867	1,539
Tangible Book Value Per Share	10.43	7.40	8.32	8.43	8.34	4.27
Land	-	1.53	-	-	-	-
Buildings	-	318.5	195.44	195.44	195.44	195.49
Machinery	-	460.18	389.91	369.48	348.02	149.44
Construction In Progress	-	281.45	232.05	47.64	1.15	86.71