SHA:688409 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	611.75	773.27	1,275	1,579	1,989	346.63
Trading Asset Securities	-	-	10.17	501.12	1,153	-
Cash & Short-Term Investments	611.75	773.27	1,285	2,080	3,142	346.63
Cash Growth	-50.73%	-39.82%	-38.22%	-33.81%	806.51%	9.79%
Accounts Receivable	1,886	1,603	1,283	903.93	581.98	348.11
Other Receivables	9.48	10.72	16.86	16.33	15.39	6.91
Receivables	1,896	1,613	1,300	920.26	597.37	355.02
Inventory	1,030	1,048	899.86	905.98	533.18	255.66
Other Current Assets	181.28	237.27	245.39	170.75	144.27	39.17
Total Current Assets	3,785	3,672	3,730	4,077	4,417	996.48
Property, Plant & Equipment	3,926	4,005	3,961	2,722	1,905	1,118
Long-Term Investments	692.82	871.2	281.34	249.88	14.33	6.26
Other Intangible Assets	168.52	181.73	153.71	144.91	139.01	135.86
Long-Term Accounts Receivable	-	-	0.75	-	-	-
Long-Term Deferred Tax Assets	84.41	87.29	76.58	32.25	23.03	17.14
Long-Term Deferred Charges	4.13	4.39	4.86	3.8	4.44	-
Other Long-Term Assets	433.32	63.05	148.16	360.34	137.51	212.68
Total Assets	9,094	8,885	8,357	7,590	6,640	2,487
Accounts Payable	967.22	993.02	1,111	863.19	605.11	374.67
Accrued Expenses	64.07	88.44	70.19	47.47	44.17	18.02
Short-Term Debt	571.81	581.6	225.34	75.97	65.33	175.94
Current Portion of Long-Term Debt	-	340.49	209.47	99.94	13.41	0.47
Current Portion of Leases	-	-	10.2	7.83	1.96	2.97
Current Income Taxes Payable	54.72	22.07	15.58	8.86	0.16	0.2
Current Unearned Revenue	8.24	6.19	8.28	12.18	11.61	19.03
Other Current Liabilities	496.96	119.52	65.49	72.95	102.88	45.97
Total Current Liabilities	2,163	2,151	1,715	1,188	844.64	637.27
Long-Term Debt	1,792	1,662	1,478	1,072	519.48	355.06
Long-Term Leases	43.72	43.11	52.27	50.15	11.84	9.46
Long-Term Unearned Revenue	403.82	418.37	375.29	432.45	420.21	373.76
Long-Term Deferred Tax Liabilities	18.75	19.27	13.67	13.7	6.91	-
Other Long-Term Liabilities	23.11	23.92	22.72	73.08	69.16	16.98
Total Liabilities	4,444	4,318	3,658	2,830	1,872	1,393
Common Stock	306.21	306.21	308.03	209.05	209.05	156.79
Additional Paid-In Capital	3,838	3,826	4,028	4,057	4,024	725.18
Retained Earnings	477.12	419.18	473	434.29	411.94	166.73
Treasury Stock	-83.14	-84.42	-221.57	-133.83	-	-
Comprehensive Income & Other	-19.55	-13.18	1.19	-1.81	-0.03	-0.6
Total Common Equity	4,519	4,454	4,588	4,565	4,644	1,048
Minority Interest	131.05	113.63	110.86	195.03	123.75	45.96
Shareholders' Equity	4,650	4,567	4,699	4,760	4,768	1,094
Total Liabilities & Equity	9,094	8,885	8,357	7,590	6,640	2,487
Total Debt	2,407	2,627	1,976	1,306	612.02	543.9
Net Cash (Debt)	-1,796	-1,854	-690.85	773.71	2,530	-197.26
Net Cash Growth	-	-	-	-69.42%	-	-
Net Cash Per Share	-6.32	-6.46	-2.69	2.51	10.10	-0.85
Filing Date Shares Outstanding	304.97	211.1	304.54	305.17	309.4	232.05
Total Common Shares Outstanding	304.97	211.1	304.54	306.87	309.4	232.05
Working Capital	1,622	1,521	2,015	2,888	3,572	359.21
Book Value Per Share	14.82	21.10	15.07	14.88	15.01	4.52
Tangible Book Value	4,350	4,272	4,434	4,420	4,505	912.24
Tangible Book Value Per Share	14.26	20.24	14.56	14.40	14.56	3.93
Buildings	-	-	1,663	957.88	363.06	353.86
Machinery	-	-	2,359	1,715	1,032	650.07
Construction In Progress	-	-	599.23	461.03	813.71	332.43