SHA:688448 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	385.9	422.8	502.57	503.94	617.44	73.07
Cash & Short-Term Investments	385.9	422.8	502.57	503.94	617.44	73.07
Cash Growth	-9.13%	-15.87%	-0.27%	-18.38%	745.04%	-20.60%
Accounts Receivable	273.73	328.44	374.76	340.85	279.49	219.37
Other Receivables	11.09	0.01	0.03	0.05	2.66	1.18
Receivables	284.82	328.45	374.79	340.9	282.15	220.55
Inventory	263.24	211.99	208.67	235.29	176.64	144.07
Prepaid Expenses	-	6.08	0.39	0.01	0.01	-
Other Current Assets	12.48	7.79	5.67	6.76	2.61	3.24
Total Current Assets	946.44	977.11	1,092	1,087	1,079	440.92
Property, Plant & Equipment	359.83	361.86	300	248.15	155.36	159.95
Long-Term Investments	12.01	12	-	-	-	-
Other Intangible Assets	20.16	20.41	21.44	22.6	13.54	14.54
Long-Term Deferred Tax Assets	22.9	20.85	13.78	11.54	8.25	7.95
Long-Term Deferred Charges	0.1	0.34	0.93	1.53	2.12	1.91
Other Long-Term Assets	9.61	10.42	6.26	6.43	7.03	10.16
Total Assets	1,371	1,403	1,435	1,377	1,265	635.42
Accounts Payable	218.39	223.84	258.99	280.89	195.07	129.72
Accrued Expenses	0.97	10.31	16.52	10.04	10.37	8.14
Short-Term Debt	-	0.3	1.21	3.93	-	18.52
Current Portion of Leases	0.32	0.89	1.41	1.06	0.52	1.76
Current Income Taxes Payable	0.93	-	6.28	5.42	1.74	3.98
Current Unearned Revenue	96.26	65.52	38.09	45.26	35.47	36.11
Other Current Liabilities	18.42	60.61	62.02	40.21	52.07	35.29
Total Current Liabilities	335.29	361.47	384.52	386.81	295.24	233.52
Long-Term Leases	0.17	0.16	1.06	1.68	2.74	6.83
Long-Term Unearned Revenue	23.12	23.96	23.15	27.22	26.46	33.94
Long-Term Deferred Tax Liabilities	0.42	0.39	0.48	0.59	0.7	0.01
Total Liabilities	359	385.99	409.21	416.31	325.14	274.3
Common Stock	71.65	71.65	71.65	71.26	71.26	53.45
Additional Paid-In Capital	731.66	731.66	730.1	713.9	709.05	195.64
Retained Earnings	210.86	215.69	227.18	175.68	159.68	112.05
Treasury Stock	-4.81	-4.81	-4.81	-	-	-
Total Common Equity	1,009	1,014	1,024	960.84	939.99	361.13
Minority Interest	2.7	2.8	1.18	-	-	-
Shareholders' Equity	1,012	1,017	1,025	960.84	939.99	361.13
Total Liabilities & Equity	1,371	1,403	1,435	1,377	1,265	635.42
Total Debt	0.49	1.36	3.68	6.67	3.26	27.1
Net Cash (Debt)	385.41	421.45	498.89	497.27	614.18	45.96
Net Cash Growth	-8.87%	-15.52%	0.33%	-19.04%	1236.24%	-31.31%
Net Cash Per Share	5.50	5.93	6.97	6.93	10.57	0.86
Filing Date Shares Outstanding	71.5	71.5	71.5	71.26	71.26	53.45
Total Common Shares Outstanding	71.5	71.5	71.5	71.26	71.26	53.45
Working Capital	611.15	615.64	707.57	700.09	783.61	207.41
Book Value Per Share	14.12	14.18	14.32	13.48	13.19	6.76
Tangible Book Value	989.2	993.78	1,003	938.24	926.46	346.58
Tangible Book Value Per Share	13.84	13.90	14.02	13.17	13.00	6.48
Buildings	-	312.94	136.92	136.92	136.92	136.92
Machinery	-	107.93	58.24	55.5	48.59	38.74
Construction In Progress	-	11.51	157.38	97.57	0.76	0.43

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