SHA:688401 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	632.98	449.66	242.71	509.48	617.22	148.96
Short-Term Investments	-	97.47	-	-	-	-
Trading Asset Securities	130.49	251.01	-	50.39	231.47	-
Cash & Short-Term Investments	763.47	798.14	242.71	559.87	848.69	148.96
Cash Growth	130.16%	228.84%	-56.65%	-34.03%	469.73%	-15.54%
Accounts Receivable	321.8	274.03	269.17	181.93	158.35	114.22
Other Receivables	2.05	1.71	0.67	1.05	1.7	2.84
Receivables	323.85	275.74	269.84	182.98	160.05	117.07
Inventory	235.1	249.14	176.63	167.03	109.61	100.62
Prepaid Expenses	-	-	-	-	-	0.04
Other Current Assets	12.99	9.33	5.33	28.1	2.47	107.23
Total Current Assets	1,335	1,332	694.51	937.98	1,121	473.92
Property, Plant & Equipment	1,232	1,337	1,160	1,081	723.44	773.12
Long-Term Investments	185.03	192.02	231.92	214.03	20.13	-
Other Intangible Assets	29.62	29.97	13.25	13.91	14.45	13.93
Long-Term Deferred Tax Assets	8.64	7.16	3.41	2.86	3.18	3.08
Long-Term Deferred Charges	33.74	35.45	41.61	36.82	33.12	36.33
Other Long-Term Assets	351.06	192.84	98.46	36.37	22.25	9.05
Total Assets	3,175	3,127	2,243	2,323	1,937	1,309
Accounts Payable	284.82	323.9	173.63	281.07	106.76	158.62
Accrued Expenses	10	22.03	17.76	11.21	24.5	13.96
Short-Term Debt	180	231.02	232.02	90.07	67.09	61.09
Current Portion of Long-Term Debt	13.2	6.85	54.5	35.99	86.31	56.41
Current Portion of Leases	-	6.43	0.29	0.28	0.56	2.81
Current Income Taxes Payable	14.77	12.24	9.11	6.12	11.35	2.16
Current Unearned Revenue	1.07	0.76	0.65	0.57	0.36	0.37
Other Current Liabilities	10.11	8.93	9.21	0.68	0.77	0.77
Total Current Liabilities	513.97	612.16	497.18	425.99	297.69	296.19
Long-Term Debt	851.36	769.35	288.79	313.69	159.65	395.65
Long-Term Leases	1.91	1.31	0.01	0.02	0.33	0.14
Long-Term Unearned Revenue	57.74	61.09	63.83	72.21	85.7	95.12
Long-Term Deferred Tax Liabilities	18.87	20.19	0.24	0.13	0.36	-
Total Liabilities	1,444	1,464	850.04	812.03	543.73	787.1
Common Stock	193.35	193.35	193.33	193.33	133.33	100
Additional Paid-In Capital	745.73	745.11	744.9	911.97	971.97	244.79
Retained Earnings	767.71	699.48	503.31	357.44	237.97	118.2
Treasury Stock	-33.32	-33.32	-50.66	-1.08	-	-
Comprehensive Income & Other	57.06	57.06	1.01	-	-	-
Total Common Equity	1,731	1,662	1,392	1,462	1,343	463
Minority Interest	0.8	0.83	0.88	48.89	50.38	59.34
Shareholders' Equity	1,731	1,663	1,393	1,511	1,394	522.34
Total Liabilities & Equity	3,175	3,127	2,243	2,323	1,937	1,309
Total Debt	1,046	1,015	575.61	440.05	313.95	516.1
Net Cash (Debt)	-283.01	-216.81	-332.9	119.82	534.75	-367.14
Net Cash Growth	-	-	-	-77.59%	-	-
Net Cash Per Share	-1.43	-1.11	-1.73	0.62	3.30	-2.52
Filing Date Shares Outstanding	194.92	192.52	191.44	191.44	193.33	145
Total Common Shares Outstanding	194.92	192.52	191.44	193.3	193.33	145
Working Capital	821.45	720.19	197.33	512	823.13	177.73
Book Value Per Share	8.88	8.63	7.27	7.56	6.95	3.19
Tangible Book Value	1,701	1,632	1,379	1,448	1,329	449.06
Tangible Book Value Per Share	8.73	8.48	7.20	7.49	6.87	3.10
Buildings	-	411.4	411.1	411.52	214.94	214.94
Machinery	-	1,343	1,141	829.89	827.44	781.23
Construction In Progress	-	161.53	78.87	210.79	2	19.11

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