SHA:688455 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	456.02	557.63	625.88	516.35	264.5	532.33
Short-Term Investments	-	-	-	19.85	-	-
Trading Asset Securities	172.03	121.85	229.67	538.58	864.56	0.74
Cash & Short-Term Investments	628.05	679.48	855.54	1,075	1,129	533.07
Cash Growth	-7.85%	-20.58%	-20.40%	-4.81%	111.80%	68.68%
Accounts Receivable	878.87	1,108	597.42	461.03	670.62	386.52
Other Receivables	34.26	46.76	42.89	20.67	18.89	0.55
Receivables	913.13	1,155	640.31	481.7	689.5	387.08
Inventory	1,349	1,134	743.51	677.03	494.69	616.12
Other Current Assets	195.48	131.07	106.13	39.92	17.91	59.29
Total Current Assets	3,086	3,100	2,345	2,273	2,331	1,596
Property, Plant & Equipment	478.22	482.36	399.45	194.35	17.2	21.9
Other Intangible Assets	50.71	51.16	42.92	41.23	17.51	17.94
Long-Term Deferred Tax Assets	90.5	79.13	65.88	40.46	15.65	12.59
Long-Term Deferred Charges	0.55	0.59	0.74	0.9	1.01	-
Other Long-Term Assets	107.58	93.62	56.73	88.91	142.6	35.56
Total Assets	3,814	3,807	2,911	2,639	2,525	1,684
Accounts Payable	1,006	1,163	735.48	665.61	685.96	697.44
Accrued Expenses	33.77	52.08	51.43	51.48	62.33	34.39
Short-Term Debt	519.29	459.27	220.17	175.14	127.25	108.35
Current Portion of Long-Term Debt	-	44.42	59.86	-	-	-
Current Portion of Leases	-	0.89	0.99	1.28	4.77	4.99
Current Income Taxes Payable	3.54	-	0	0.14	12.19	10.81
Current Unearned Revenue	963.44	855.17	705.14	490.43	255.17	447.93
Other Current Liabilities	160.67	113.33	38.78	26.42	34.48	24.81
Total Current Liabilities	2,687	2,688	1,812	1,410	1,182	1,329
Long-Term Debt	190.65	145.65	45	-	-	-
Long-Term Leases	0.29	0.37	0.74	0.96	4.38	8.92
Long-Term Unearned Revenue	8.59	6.12	-	-	-	-
Other Long-Term Liabilities	6.78	8.68	11.26	9.32	10.56	6.53
Total Liabilities	2,893	2,849	1,869	1,421	1,197	1,344
Common Stock	168.03	168.03	180.85	180.85	180.85	135.64
Additional Paid-In Capital	784.19	781	898.22	892.83	888.52	36.52
Retained Earnings	62.99	106.87	76.41	135.04	249.14	160.1
Treasury Stock	-109.84	-109.84	-122.72	-	-	-
Comprehensive Income & Other	15.07	11.49	9.58	9.8	9.54	7.11
Total Common Equity	920.44	957.55	1,042	1,219	1,328	339.37
Minority Interest	-	-	-	-	-	-0
Shareholders' Equity	920.44	957.55	1,042	1,219	1,328	339.37
Total Liabilities & Equity	3,814	3,807	2,911	2,639	2,525	1,684
Total Debt	710.23	650.61	326.76	177.37	136.4	122.26
Net Cash (Debt)	-82.18	28.87	528.78	897.4	992.66	410.8
Net Cash Growth	-	-94.54%	-41.08%	-9.60%	141.64%	48.66%
Net Cash Per Share	-0.52	0.18	3.07	4.95	6.69	3.04
Filing Date Shares Outstanding	156.73	155.69	167.35	180.85	180.85	135.64
Total Common Shares Outstanding	156.73	155.69	167.35	180.85	180.85	135.64
Working Capital	399.18	411.51	533.64	862.93	1,149	266.82
Book Value Per Share	5.87	6.15	6.23	6.74	7.34	2.50
Tangible Book Value	869.72	906.39	999.43	1,177	1,311	321.42
Tangible Book Value Per Share	5.55	5.82	5.97	6.51	7.25	2.37
Buildings	-	392.24	267.96	173.05	-	-
Machinery	-	105.21	18.6	17.61	15.96	12.22
Construction In Progress	-	4.13	125.88	10.85	0.02	-

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