SHA:688443 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	1,318	1,538	2,035	2,892	49.28	14.15
Trading Asset Securities	832.54	681.23	412.58	27.71	237.36	427.11
Cash & Short-Term Investments	2,151	2,219	2,448	2,920	286.64	441.25
Cash Growth	-10.49%	-9.36%	-16.16%	918.65%	-35.04%	684.19%
Accounts Receivable	37.9	21.08	12.01	-	-	-
Other Receivables	3.2	3.27	1.38	0	-	1.53
Receivables	41.11	24.35	13.38	0	-	1.53
Inventory	105.74	96.12	50.15	55.45	56.33	33.66
Other Current Assets	114.26	103.86	110.59	56.56	56.03	52.76
Total Current Assets	2,412	2,443	2,622	3,032	399	529.2
Property, Plant & Equipment	501.47	482.76	441.55	487.82	487.75	327.83
Other Intangible Assets	42.71	42.69	43.59	43.54	45.08	45.92
Long-Term Deferred Charges	18.56	20.17	25.16	27.92	25.51	23.51
Other Long-Term Assets	4.24	4.41	13.26	3.46	4.77	76.36
Total Assets	2,979	2,993	3,146	3,595	962.11	1,003
Accounts Payable	111.7	95.43	67.06	83.04	67.84	46.61
Accrued Expenses	58.32	73.65	63.03	37.74	29.71	24.29
Short-Term Debt	23.92	-	-	0.63	-	-
Current Portion of Long-Term Debt	174.92	169.88	26.24	-	5.3	0.9
Current Portion of Leases	-	-	12.13	10.07	7.64	6.51
Current Income Taxes Payable	1.73	5.98	-	-	-	-
Current Unearned Revenue	114.52	114.52	-	-	-	-
Other Current Liabilities	19.13	13.26	5.82	5.4	15.87	7.7
Total Current Liabilities	504.25	472.72	174.29	136.87	126.37	86.01
Long-Term Debt	990.13	884.82	786.13	608.48	738.59	535.55
Long-Term Leases	6.9	7.98	12.63	21.82	30.37	28.65
Long-Term Unearned Revenue	42.15	43.04	46.62	43.2	37.69	35.55
Other Long-Term Liabilities	-	-	-	-	-	5.08
Total Liabilities	1,543	1,409	1,020	810.36	933.03	690.84
Common Stock	366.68	366.68	366.68	366.68	275	275
Additional Paid-In Capital	4,192	4,192	4,192	4,038	573.29	279.82
Retained Earnings	-3,103	-2,953	-2,418	-1,621	-819.21	-242.84
Treasury Stock	-20.3	-20.3	-14.67	-	-	-
Shareholders' Equity	1,435	1,585	2,126	2,784	29.08	311.98
Total Liabilities & Equity	2,979	2,993	3,146	3,595	962.11	1,003
Total Debt	1,196	1,063	837.13	640.99	781.91	571.6
Net Cash (Debt)	954.84	1,156	1,611	2,279	-495.27	-130.35
Net Cash Growth	-35.60%	-28.22%	-29.31%	-	-	-
Net Cash Per Share	2.61	3.15	4.38	7.11	-1.80	-0.47
Filing Date Shares Outstanding	364.4	366.68	366.68	366.68	275	275
Total Common Shares Outstanding	364.4	366.68	366.68	366.68	275	275
Working Capital	1,908	1,971	2,448	2,895	272.63	443.19
Book Value Per Share	3.94	4.32	5.80	7.59	0.11	1.13
Tangible Book Value	1,393	1,542	2,082	2,741	-15.99	266.06
Tangible Book Value Per Share	3.82	4.21	5.68	7.47	-0.06	0.97
Buildings	-	-	115.03	114.98	105.89	99.77
Machinery	-	-	516.53	457.63	302.65	261.93
Construction In Progress	-	-	6.74	52.18	164.82	18.27

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