SHA:688459 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	2,498	2,498	2,418	2,546	2,499	1,268
Cash & Short-Term Investments	2,498	2,498	2,418	2,546	2,499	1,268
Cash Growth	1.29%	3.29%	-5.00%	1.86%	97.08%	220.88%
Accounts Receivable	634.13	844.44	850.18	720.31	719.2	707.57
Other Receivables	66.03	65.02	7.26	9.24	10.99	12.23
Receivables	700.16	909.46	857.43	729.55	730.18	719.8
Inventory	393.97	392.22	443.78	368.12	286.92	296.32
Prepaid Expenses	-	-	-	-	0.01	-
Other Current Assets	22.54	6.81	11.32	13.33	18.43	24.81
Total Current Assets	3,614	3,806	3,731	3,657	3,535	2,309
Property, Plant & Equipment	442.81	450.48	371.33	270.85	251.61	258.65
Long-Term Investments	68.67	68.46	65.35	40.6	22.36	18.98
Other Intangible Assets	56.2	56.91	59.29	48.8	49.73	51.03
Long-Term Deferred Tax Assets	11.52	12.21	10.34	9.02	8.8	8.25
Long-Term Deferred Charges	3.03	3.14	3.57	4.04	2.57	0.38
Other Long-Term Assets	6.42	6.44	9.8	23.22	-	-
Total Assets	4,203	4,404	4,250	4,053	3,870	2,646
Accounts Payable	378.41	495.97	471.45	364.53	300.74	353.37
Accrued Expenses	17.64	18.12	29.8	39.27	54.4	43.65
Current Portion of Long-Term Debt	1.61	1.69	-	-	-	-
Current Portion of Leases	-	-	1.17	3.05	0.87	-
Current Income Taxes Payable	3.18	27.34	5.95	9.44	17.83	12.41
Current Unearned Revenue	125.41	126.89	115.92	134.24	74.78	62.56
Other Current Liabilities	75.88	113.85	66.53	26.28	22.01	43
Total Current Liabilities	602.13	783.86	690.81	576.82	470.63	514.99
Long-Term Leases	0.77	1.92	1.23	1.19	0.94	1.26
Long-Term Unearned Revenue	0.11	0.12	0.43	2.1	2.77	5.01
Long-Term Deferred Tax Liabilities	1.71	1.83	1.33	1.37	0.11	0.06
Other Long-Term Liabilities	38.64	38.86	43.36	40.03	39.08	40.29
Total Liabilities	643.36	826.58	737.15	621.51	513.53	561.61
Common Stock	480	480	480	480	480	360
Additional Paid-In Capital	2,226	2,226	2,226	2,226	2,226	1,199
Retained Earnings	736.59	753.8	705.11	626.88	554.56	439.25
Comprehensive Income & Other	0.56	0.56	-4.3	-3.91	-1.76	-1.71
Total Common Equity	3,443	3,461	3,407	3,329	3,259	1,996
Minority Interest	116.26	116.51	106.08	102.22	96.99	88.33
Shareholders' Equity	3,560	3,577	3,513	3,432	3,356	2,085
Total Liabilities & Equity	4,203	4,404	4,250	4,053	3,870	2,646
Total Debt	2.38	3.61	2.4	4.24	1.81	1.26
Net Cash (Debt)	2,495	2,494	2,416	2,541	2,497	1,267
Net Cash Growth	1.38%	3.24%	-4.94%	1.76%	97.13%	221.65%
Net Cash Per Share	5.19	5.20	5.03	5.30	6.40	3.98
Filing Date Shares Outstanding	480.57	480	480	480	480	360
Total Common Shares Outstanding	480.57	480	480	480	480	360
Working Capital	3,012	3,022	3,040	3,080	3,064	1,794
Book Value Per Share	7.17	7.21	7.10	6.94	6.79	5.55
Tangible Book Value	3,387	3,404	3,348	3,281	3,209	1,945
Tangible Book Value Per Share	7.05	7.09	6.97	6.83	6.69	5.40
Buildings	-	-	252.01	252.39	249.14	249.06
Machinery	-	-	217.72	202.34	191.18	184.64
Construction In Progress	-	-	121.9	18.38	3.03	1.96

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