SHA:688480 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	163.48	329.15	403.05	539.1	595.26	186.75
Short-Term Investments	-	-	-	-	-	6.18
Trading Asset Securities	131.5	-	-	48	10	-
Cash & Short-Term Investments	294.98	329.15	403.05	587.1	605.26	192.93
Cash Growth	-12.84%	-18.34%	-31.35%	-3.00%	213.72%	46.10%
Accounts Receivable	712.69	790.9	631.55	485.99	296.06	223.09
Other Receivables	21.06	19.13	15.78	15.01	16.74	7.1
Receivables	733.74	810.04	647.33	501	312.8	230.2
Inventory	189.78	157.55	80.61	32.07	105.57	42.04
Other Current Assets	101.41	58.23	61.11	15.49	14.07	28.94
Total Current Assets	1,320	1,355	1,192	1,136	1,038	494.11
Property, Plant & Equipment	275.11	272.38	247.65	106.29	86.36	89.77
Long-Term Investments	-	5.12	2.51	60.07	53.9	49.98
Goodwill	178.58	178.58	178.58	-	-	-
Other Intangible Assets	251.94	254.93	185.07	167.31	179.84	185.53
Long-Term Accounts Receivable	-	-	1.32	8.7	5.48	10.3
Long-Term Deferred Tax Assets	32.26	21.95	13.88	11.67	7.97	5.41
Long-Term Deferred Charges	4.31	4.79	5.04	-	-	-
Other Long-Term Assets	7.35	1.23	-	3.32	-	-
Total Assets	2,069	2,094	1,826	1,493	1,371	835.09
Accounts Payable	475.95	563.85	363.4	321.11	211.19	160.08
Accrued Expenses	28.5	45.35	57.13	43.82	33.38	19.31
Short-Term Debt	65.1	76.11	107.57	-	-	-
Current Portion of Long-Term Debt	-	1.65	-	-	7.04	6.05
Current Income Taxes Payable	-	17.33	8.44	2.6	3.31	1.43
Current Unearned Revenue	84.87	39.81	45.72	44.45	70.77	62.82
Other Current Liabilities	70.29	65.07	29.08	24.23	23.39	15.71
Total Current Liabilities	724.71	809.18	611.35	436.21	349.07	265.39
Long-Term Debt	8.33	8.33	14	-	14	21
Long-Term Leases	0.48	0.67	-	-	-	-
Long-Term Unearned Revenue	58.68	59.53	65.18	69.04	74	77.15
Long-Term Deferred Tax Liabilities	3	3.15	3.7	-	-	-
Other Long-Term Liabilities	22.72	22.6	17.96	17.36	16.66	15.84
Total Liabilities	817.92	903.46	712.18	522.61	453.73	379.39
Common Stock	95.33	95.33	95.33	94.83	94.83	71.12
Additional Paid-In Capital	626.68	599.25	578.38	568.49	558.61	183.07
Retained Earnings	484.67	446.85	400.76	267.67	225.7	159.47
Comprehensive Income & Other	-0.25	4.74	-0.07	0.81	0.41	0.5
Total Common Equity	1,206	1,146	1,074	931.79	879.54	414.16
Minority Interest	45.11	44.33	39.58	38.61	37.99	41.54
Shareholders' Equity	1,252	1,190	1,114	970.41	917.53	455.7
Total Liabilities & Equity	2,069	2,094	1,826	1,493	1,371	835.09
Total Debt	73.91	86.77	121.57	-	21.04	27.05
Net Cash (Debt)	221.07	242.39	281.48	587.1	584.22	165.88
Net Cash Growth	-5.70%	-13.89%	-52.06%	0.49%	252.19%	176.69%
Net Cash Per Share	2.30	2.53	2.96	6.17	8.03	2.34
Filing Date Shares Outstanding	94.5	95.33	95.33	94.83	94.83	71.12
Total Common Shares Outstanding	94.5	95.33	95.33	94.83	94.83	71.12
Working Capital	595.19	545.79	580.75	699.45	688.63	228.72
Book Value Per Share	12.77	12.02	11.27	9.83	9.28	5.82
Tangible Book Value	775.91	712.65	710.74	764.48	699.7	228.63
Tangible Book Value Per Share	8.21	7.48	7.46	8.06	7.38	3.21
Buildings	-	-	228.79	84.77	85.48	85.48
Machinery	-	-	114.19	46.19	44.36	42.73
Construction In Progress	-	-	0.61	25.29	1.47	0.09

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