SHA:688484 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	1,472	1,706	1,888	2,877	844.36	485.33
Trading Asset Securities	442.27	545.43	1,053	-	146.76	-
Cash & Short-Term Investments	1,915	2,252	2,941	2,877	991.12	485.33
Cash Growth	-30.75%	-23.45%	2.24%	190.26%	104.22%	63.96%
Accounts Receivable	509.59	442.46	199.93	207.2	101.04	186.57
Other Receivables	259.64	330.51	307.35	435.03	0.91	0.57
Receivables	769.23	772.97	507.28	642.23	101.95	187.14
Inventory	1,049	965.06	613.56	525.38	335.58	215.54
Other Current Assets	60.26	63.4	40.14	61.12	770.65	97.41
Total Current Assets	3,793	4,053	4,102	4,106	2,199	985.41
Property, Plant & Equipment	608.2	532.85	393.26	337.49	70.29	59.29
Long-Term Investments	381.22	376.72	114.8	3	3	7.91
Goodwill	173.51	173.51	-	-	-	-
Other Intangible Assets	46.22	48.95	9.6	7.39	8.92	6.98
Long-Term Deferred Tax Assets	5.42	3.53	3.18	0.01	4.89	-
Long-Term Deferred Charges	31.06	30.38	7.54	7.45	17.64	-
Other Long-Term Assets	32.24	15.76	7.52	0.95	0.28	0.71
Total Assets	5,071	5,235	4,638	4,462	2,304	1,060
Accounts Payable	548.55	640.02	406.79	558.32	787.35	10.69
Accrued Expenses	104.36	171.64	214.68	156.76	84.79	70.99
Short-Term Debt	-	-	-	-	301.09	10.01
Current Portion of Long-Term Debt	8.51	20.97	-	-	-	-
Current Portion of Leases	-	-	5.39	7.21	13.48	8.68
Current Income Taxes Payable	15.08	8.66	0.04	0.04	-	-
Current Unearned Revenue	5.5	2.95	1.64	3.65	0.97	0.85
Other Current Liabilities	42.9	58.81	59.18	28.64	29.52	29.59
Total Current Liabilities	724.89	903.04	687.72	754.62	1,217	130.8
Long-Term Debt	114	114	-	-	-	-
Long-Term Leases	22.14	14.11	8.23	2.59	12.08	15.3
Long-Term Unearned Revenue	29.99	26.58	14.22	5.61	0.8	0.4
Long-Term Deferred Tax Liabilities	5.72	3.93	0.15	-	-	-
Other Long-Term Liabilities	5.2	1.37	-	-	-	-
Total Liabilities	901.94	1,063	710.32	762.82	1,230	146.5
Common Stock	427.66	427.66	425.46	423.53	360	360
Additional Paid-In Capital	3,036	3,025	2,913	2,783	400.11	385.89
Retained Earnings	794.07	790.73	636.92	490.79	314.14	167.93
Treasury Stock	-53.41	-53.41	-50.01	-	-	-
Comprehensive Income & Other	-29.4	-14.38	2.07	1.94	-	-0.01
Total Common Equity	4,175	4,176	3,928	3,699	1,074	913.8
Minority Interest	-5.64	-4.26	-0.15	-	-	-
Shareholders' Equity	4,169	4,172	3,928	3,699	1,074	913.8
Total Liabilities & Equity	5,071	5,235	4,638	4,462	2,304	1,060
Total Debt	144.65	149.08	13.62	9.8	326.65	33.99
Net Cash (Debt)	1,770	2,103	2,928	2,867	664.47	451.34
Net Cash Growth	-34.86%	-28.18%	2.11%	331.48%	47.22%	55.63%
Net Cash Per Share	4.38	4.93	6.87	6.91	1.84	1.31
Filing Date Shares Outstanding	333.83	429.83	423.7	423.53	360	360
Total Common Shares Outstanding	333.83	429.83	423.8	423.53	360	360
Working Capital	3,068	3,150	3,414	3,351	982.12	854.6
Book Value Per Share	12.51	9.72	9.27	8.73	2.98	2.54
Tangible Book Value	3,955	3,953	3,918	3,692	1,065	906.82
Tangible Book Value Per Share	11.85	9.20	9.25	8.72	2.96	2.52
Buildings	-	-	288.6	275.93	-	-
Machinery	-	-	112.55	74.16	55.99	42.09
Construction In Progress	-	-	25.8	0.78	3.5	0.58

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