SHA:688439 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	1,223	973.67	432.77	1,259	3,009	237.41
Trading Asset Securities	1,300	1,543	1,600	1,289	-	-
Cash & Short-Term Investments	2,523	2,517	2,033	2,548	3,009	237.41
Cash Growth	31.36%	23.81%	-20.21%	-15.32%	1167.24%	208.96%
Accounts Receivable	1,620	1,639	1,955	1,447	806.73	538.37
Other Receivables	4.34	4.4	9.21	3.18	0	0.9
Receivables	1,624	1,643	1,964	1,450	806.73	539.27
Inventory	664.74	650.62	701.74	696.02	643.21	350.56
Prepaid Expenses	-	-	0	1.25	1	1.25
Other Current Assets	50.24	55.93	38.27	42.9	88.98	22.41
Total Current Assets	4,863	4,867	4,737	4,738	4,549	1,151
Property, Plant & Equipment	590.07	602.02	547.83	263.11	142.43	64.67
Goodwill	3.76	3.76	3.76	3.76	3.76	3.76
Other Intangible Assets	71.85	72.57	76.86	19.81	4.82	3.37
Long-Term Deferred Tax Assets	56.54	51.32	63.74	52.03	31.44	14.15
Long-Term Deferred Charges	5.92	6.43	8.47	9.42	13.39	1.1
Other Long-Term Assets	1.01	3.48	44.84	274.39	75.58	31.47
Total Assets	5,592	5,606	5,482	5,360	4,820	1,269
Accounts Payable	211.27	194.81	175.84	347.93	358.75	253.52
Accrued Expenses	14.42	28.7	16.35	26.06	24.12	33.02
Short-Term Debt	102.44	100	80	-	-	210.81
Current Portion of Long-Term Debt	5.52	6.14	33.02	44.03	22.01	50.04
Current Portion of Leases	-	-	7.2	7.4	6.16	2.06
Current Income Taxes Payable	5.55	4.15	15.96	29.77	10.98	5.42
Current Unearned Revenue	3.48	3.11	2.66	4.77	7.64	8.94
Other Current Liabilities	34.2	36.52	38.6	19.23	6.35	46.12
Total Current Liabilities	376.87	373.41	369.63	479.19	436.01	609.93
Long-Term Debt	49.97	49.97	-	33.02	77	-
Long-Term Leases	18.17	19.65	26.67	11.71	14.64	2.21
Long-Term Unearned Revenue	24.22	24.61	22.71	13.39	9.41	6.31
Pension & Post-Retirement Benefits	-	-	16.7	15.73	15.49	16.13
Long-Term Deferred Tax Liabilities	26.73	27.38	30.21	19.7	8.78	4.41
Other Long-Term Liabilities	31	31.21	28.44	21.61	15.5	-2.23
Total Liabilities	526.96	526.24	494.36	594.34	576.83	636.77
Common Stock	200	200	200	200	200	150
Additional Paid-In Capital	3,602	3,602	3,600	3,584	3,584	362.12
Retained Earnings	1,216	1,230	1,127	945.03	410.22	107.2
Comprehensive Income & Other	-0.95	-0.95	-1.75	-0.47	0.06	-0.22
Total Common Equity	5,017	5,030	4,926	4,729	4,194	619.1
Minority Interest	47.66	49.77	62.28	37.17	49.23	13.57
Shareholders' Equity	5,065	5,080	4,988	4,766	4,243	632.67
Total Liabilities & Equity	5,592	5,606	5,482	5,360	4,820	1,269
Total Debt	176.09	175.76	146.89	96.15	119.81	265.13
Net Cash (Debt)	2,347	2,341	1,886	2,451	2,889	-27.72
Net Cash Growth	29.74%	24.14%	-23.07%	-15.14%	-	-
Net Cash Per Share	11.73	11.71	9.43	12.26	17.33	-0.18
Filing Date Shares Outstanding	200.13	200	200	200	200	150
Total Common Shares Outstanding	200.13	200	200	200	200	150
Working Capital	4,486	4,493	4,367	4,259	4,112	540.98
Book Value Per Share	25.07	25.15	24.63	23.64	20.97	4.13
Tangible Book Value	4,941	4,954	4,845	4,705	4,185	611.97
Tangible Book Value Per Share	24.69	24.77	24.22	23.53	20.93	4.08
Buildings	-	-	135.46	62.69	3.23	3.23
Machinery	-	-	358.62	279.94	166.74	125.83
Construction In Progress	-	-	176.14	16.12	39.52	0.97