SHA:688455 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-	625.88	516.35	264.5	532.33
Short-Term Investments	-	-	19.85	-	-
Trading Asset Securities	-	229.67	538.58	864.56	0.74
Cash & Short-Term Investments	650.67	855.54	1,075	1,129	533.07
Cash Growth	-23.95%	-20.40%	-4.81%	111.80%	68.68%
Accounts Receivable	-	597.42	461.03	670.62	386.52
Other Receivables	-	42.89	20.67	18.89	0.55
Receivables	-	640.31	481.7	689.5	387.08
Inventory	-	743.51	677.03	494.69	616.12
Other Current Assets	-	106.13	39.92	17.91	59.29
Total Current Assets	-	2,345	2,273	2,331	1,596
Property, Plant & Equipment	-	399.45	194.35	17.2	21.9
Other Intangible Assets	-	42.92	41.23	17.51	17.94
Long-Term Deferred Tax Assets	-	65.88	40.46	15.65	12.59
Long-Term Deferred Charges	-	0.74	0.9	1.01	-
Other Long-Term Assets	-	56.73	88.91	142.6	35.56
Total Assets	-	2,911	2,639	2,525	1,684
Accounts Payable	-	735.48	665.61	685.96	697.44
Accrued Expenses	-	51.43	51.48	62.33	34.39
Short-Term Debt	-	220.17	175.14	127.25	108.35
Current Portion of Long-Term Debt	-	59.86	-	-	-
Current Portion of Leases	-	0.99	1.28	4.77	4.99
Current Income Taxes Payable	-	0	0.14	12.19	10.81
Current Unearned Revenue	-	705.14	490.43	255.17	447.93
Other Current Liabilities	-	38.78	26.42	34.48	24.81
Total Current Liabilities	-	1,812	1,410	1,182	1,329
Long-Term Debt	-	45	-	-	-
Long-Term Leases	-	0.74	0.96	4.38	8.92
Other Long-Term Liabilities	-	11.26	9.32	10.56	6.53
Total Liabilities	-	1,869	1,421	1,197	1,344
Common Stock	-	180.85	180.85	180.85	135.64
Additional Paid-In Capital	-	898.22	892.83	888.52	36.52
Retained Earnings	-	76.41	135.04	249.14	160.1
Treasury Stock	-	-122.72	-	-	-
Comprehensive Income & Other	-	9.58	9.8	9.54	7.11
Total Common Equity	867.19	1,042	1,219	1,328	339.37
Minority Interest	-	-	-	-	-0
Shareholders' Equity	867.19	1,042	1,219	1,328	339.37
Total Liabilities & Equity	-	2,911	2,639	2,525	1,684
Total Debt	533.75	326.76	177.37	136.4	122.26
Net Cash (Debt)	116.92	528.78	897.4	992.66	410.8
Net Cash Growth	-77.89%	-41.08%	-9.60%	141.64%	48.66%
Net Cash Per Share	0.74	3.07	4.95	6.69	3.04
Filing Date Shares Outstanding	153.92	167.35	180.85	180.85	135.64
Total Common Shares Outstanding	153.92	167.35	180.85	180.85	135.64
Working Capital	-	533.64	862.93	1,149	266.82
Book Value Per Share	5.51	6.23	6.74	7.34	2.50
Tangible Book Value	823.15	999.43	1,177	1,311	321.42
Tangible Book Value Per Share	5.23	5.97	6.51	7.25	2.37
Buildings	-	267.96	173.05	-	-
Machinery	-	18.6	17.61	15.96	12.22
Construction In Progress	-	125.88	10.85	0.02	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.