SHA:688429 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	356.27	436.1	504.49	1,068	96.13	90.56
Trading Asset Securities	197.63	267.34	436.52	387.11	594.03	184.4
Cash & Short-Term Investments	553.91	703.45	941.01	1,455	690.16	274.96
Cash Growth	-32.43%	-25.25%	-35.35%	110.89%	151.00%	59.39%
Accounts Receivable	587.45	608.97	436.75	597.49	552.54	371.9
Other Receivables	0.8	0.71	1.07	1.46	1.7	3.07
Receivables	588.25	609.68	437.81	598.95	554.24	374.96
Inventory	231.34	156.44	158.27	181.18	233.86	398.54
Other Current Assets	131.25	146.05	100.01	69.63	68.61	60.7
Total Current Assets	1,505	1,616	1,637	2,305	1,547	1,109
Property, Plant & Equipment	2,602	2,663	2,953	871.08	817.04	838.09
Long-Term Investments	0.21	0.21	0.26	0.31	0.32	0.29
Other Intangible Assets	45.17	46.53	51.7	17.17	17.78	18.55
Long-Term Accounts Receivable	-	-	0.75	6.27	-	-
Long-Term Deferred Tax Assets	252.39	226.52	150.91	20.4	16.34	12.47
Long-Term Deferred Charges	93.53	100.98	120.04	5.05	1.3	0.28
Other Long-Term Assets	16.28	16.38	15.75	191.94	2.58	3.2
Total Assets	4,515	4,669	4,930	3,417	2,402	1,982
Accounts Payable	679.02	743.85	789.08	470.99	513.84	414.81
Accrued Expenses	19.51	25.49	30.63	40.41	44.92	28.93
Short-Term Debt	422.03	393.5	449.21	235.08	-	-
Current Portion of Long-Term Debt	198.18	148.36	85.16	-	-	18.78
Current Portion of Leases	-	-	26.07	2.99	3.2	2.17
Current Income Taxes Payable	2.82	2.05	0.15	10.18	23.94	10.38
Current Unearned Revenue	20.71	16.12	45.13	49.29	123.99	209.22
Other Current Liabilities	137.87	152.45	40.56	118.97	256.32	134.93
Total Current Liabilities	1,480	1,482	1,466	927.91	966.21	819.23
Long-Term Debt	34.5	74.51	82.7	79.69	-	131.44
Long-Term Leases	1,610	1,626	1,581	4.62	3.29	1.94
Long-Term Unearned Revenue	81.23	84.98	94.23	86.18	54.73	7.34
Long-Term Deferred Tax Liabilities	0.04	0.02	0.02	0	1.74	-
Other Long-Term Liabilities	15.06	17.93	22.34	1.6	1.64	1.63
Total Liabilities	3,221	3,285	3,246	1,100	1,028	961.57
Common Stock	400	400	400	400	360	360
Additional Paid-In Capital	1,341	1,324	1,262	1,195	470.39	411.5
Retained Earnings	-385.24	-279.03	52.12	718.97	542.07	248.97
Treasury Stock	-66.44	-66.44	-33.31	-	-	-
Comprehensive Income & Other	0.14	1.91	-	-	-	-
Total Common Equity	1,289	1,380	1,680	2,314	1,372	1,020
Minority Interest	3.78	3.88	3.15	3.22	2.15	-
Shareholders' Equity	1,293	1,384	1,684	2,317	1,375	1,020
Total Liabilities & Equity	4,515	4,669	4,930	3,417	2,402	1,982
Total Debt	2,265	2,242	2,224	322.38	6.49	154.33
Net Cash (Debt)	-1,711	-1,539	-1,283	1,133	683.67	120.63
Net Cash Growth	-	-	-	65.74%	466.73%	-28.62%
Net Cash Per Share	-4.31	-3.86	-3.22	3.01	1.89	0.34
Filing Date Shares Outstanding	393.39	403.41	397.8	400	400	360
Total Common Shares Outstanding	393.39	403.41	397.8	400	400	360
Working Capital	24.61	133.8	171.13	1,377	580.65	289.93
Book Value Per Share	3.28	3.42	4.22	5.79	3.43	2.83
Tangible Book Value	1,244	1,334	1,629	2,297	1,355	1,002
Tangible Book Value Per Share	3.16	3.31	4.09	5.74	3.39	2.78
Buildings	-	-	301.44	293.53	268.79	262.57
Machinery	-	-	1,289	739.89	676.57	658.21
Construction In Progress	-	-	51.05	90.85	42.16	5.55

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