SHA:688411 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	4,618	4,935	3,035	3,319	2,568	869.92
Trading Asset Securities	80.06	85.13	-	-	-	2
Cash & Short-Term Investments	4,698	5,020	3,035	3,319	2,568	871.92
Cash Growth	43.56%	65.44%	-8.58%	29.25%	194.53%	750.20%
Accounts Receivable	5,556	5,607	4,907	2,276	769.25	345.25
Other Receivables	431.16	329.75	4.36	4.04	25.53	20.53
Receivables	5,987	5,936	4,912	2,280	794.77	365.78
Inventory	3,233	2,175	1,421	2,442	2,310	843.82
Other Current Assets	804.57	636.87	305.54	219.64	233.41	167.83
Total Current Assets	14,723	13,769	9,673	8,261	5,907	2,249
Property, Plant & Equipment	711.6	629.1	488.09	275.31	126.38	220.59
Long-Term Investments	501.83	506.36	431.52	375.99	370.41	196.68
Other Intangible Assets	460.77	71.67	70.85	36.43	8.29	10.76
Long-Term Accounts Receivable	-	-	0.54	1.59	2.48	3.25
Long-Term Deferred Tax Assets	369.04	325.57	203.35	190.62	51.47	64.38
Long-Term Deferred Charges	57.2	54.62	50.41	26.26	15.78	14.48
Other Long-Term Assets	449.16	343.85	53.64	65.75	70.6	69.3
Total Assets	17,272	15,700	10,972	9,233	6,552	2,829
Accounts Payable	10,048	9,014	5,594	4,838	3,234	742.44
Accrued Expenses	124.75	101.68	101.88	110.6	35.01	21.67
Short-Term Debt	670.3	730.35	989.28	534.12	233.69	233.87
Current Portion of Long-Term Debt	33.03	34.82	-	-	-	0.68
Current Portion of Leases	-	-	33.76	22.18	13.36	11.45
Current Income Taxes Payable	126.22	136.53	46.04	105.53	21.79	1.11
Current Unearned Revenue	307.02	149.51	544.8	786.71	1,152	123.3
Other Current Liabilities	683.45	447.27	277.26	262.15	117.27	84.41
Total Current Liabilities	11,993	10,614	7,587	6,660	4,807	1,219
Long-Term Leases	64.81	77.54	104.19	60.64	28.21	37.82
Long-Term Unearned Revenue	23.89	24.24	8.15	14.12	6.25	52.37
Long-Term Deferred Tax Liabilities	-	0	-	-	-	-
Other Long-Term Liabilities	185.47	174.08	124.64	108.89	44.97	35.9
Total Liabilities	12,267	10,890	7,824	6,843	4,886	1,345
Common Stock	180.09	180.09	133.3	133.3	133.3	133.3
Additional Paid-In Capital	2,587	2,593	1,737	1,628	1,487	1,460
Retained Earnings	2,228	2,024	1,271	623.19	45.08	-132.19
Comprehensive Income & Other	-0.38	0.02	-	-	-	-
Total Common Equity	4,994	4,797	3,141	2,385	1,666	1,461
Minority Interest	10.99	12.6	5.84	4.74	-	23.14
Shareholders' Equity	5,005	4,810	3,147	2,390	1,666	1,484
Total Liabilities & Equity	17,272	15,700	10,972	9,233	6,552	2,829
Total Debt	768.15	842.7	1,127	616.94	275.26	283.82
Net Cash (Debt)	3,930	4,178	1,907	2,702	2,293	588.1
Net Cash Growth	83.04%	119.03%	-29.42%	17.86%	289.86%	-
Net Cash Per Share	21.59	23.41	13.98	20.01	17.20	4.70
Filing Date Shares Outstanding	180.24	180.26	177.73	133.3	133.3	125.12
Total Common Shares Outstanding	180.24	180.26	133.3	133.3	133.3	125.12
Working Capital	2,730	3,155	2,086	1,601	1,100	1,030
Book Value Per Share	27.71	26.61	23.57	17.89	12.50	11.67
Tangible Book Value	4,534	4,726	3,070	2,348	1,657	1,450
Tangible Book Value Per Share	25.15	26.22	23.03	17.62	12.43	11.59
Buildings	-	-	84.41	84.41	-	-
Machinery	-	-	330.23	254.97	401.98	437.88
Construction In Progress	-	-	50.88	38.81	-	0.64

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