SHA:688485 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	545.59	576.94	663.54	756.42	245.19	225.62
Cash & Short-Term Investments	545.59	576.94	663.54	756.42	245.19	225.62
Cash Growth	-12.74%	-13.05%	-12.28%	208.50%	8.68%	-1.45%
Accounts Receivable	360.84	380.15	437.02	422.38	481.63	419.93
Other Receivables	3.55	4.7	17.33	11.99	10.4	8.71
Receivables	364.39	384.85	454.35	434.37	492.03	428.64
Inventory	103.58	99.96	78.41	96.06	85.05	87.19
Other Current Assets	17.33	16.37	6.03	7.3	16.1	7.97
Total Current Assets	1,031	1,078	1,202	1,294	838.37	749.42
Property, Plant & Equipment	209.41	199.44	126.21	118.72	107.91	106.35
Long-Term Investments	23.11	14.67	3	3.39	9.23	11.93
Goodwill	1.4	1.4	4.37	4.37	4.37	4.37
Other Intangible Assets	38.25	38.94	41.87	43.72	44.17	45.22
Long-Term Accounts Receivable	-	-	49.6	56.51	52.69	36.87
Long-Term Deferred Tax Assets	20.67	19.2	13.22	10.02	10.42	8.55
Long-Term Deferred Charges	2.79	2.93	3.23	3.05	3.34	4.72
Other Long-Term Assets	73.84	65.31	24.81	2.12	6.22	3.83
Total Assets	1,400	1,420	1,469	1,536	1,077	971.25
Accounts Payable	109.97	123.97	124.94	156.79	178.1	172.41
Accrued Expenses	2.98	1.77	23.99	7.65	25.96	30.15
Short-Term Debt	-	-	-	3.83	61.25	-
Current Portion of Long-Term Debt	4.3	4.29	-	-	-	-
Current Portion of Leases	-	-	4.61	5.64	2.94	2.92
Current Income Taxes Payable	0.35	1	3.21	0.64	7.42	5.93
Current Unearned Revenue	1.51	1.12	1.08	0.37	3	21.77
Other Current Liabilities	1.15	1.35	6.57	4.66	3.89	6.29
Total Current Liabilities	120.27	133.5	164.41	179.58	282.56	239.47
Long-Term Leases	8.11	8.84	4.51	6.47	5.95	9.31
Long-Term Unearned Revenue	13.44	13.68	14.66	15.64	16.55	16.97
Long-Term Deferred Tax Liabilities	0.02	0.03	0.05	0.07	2.07	-
Total Liabilities	141.84	156.05	183.63	201.77	307.12	265.74
Common Stock	150.29	150.29	150.29	150.29	112.72	112.72
Additional Paid-In Capital	989.11	989.11	989.11	989.11	445.47	445.47
Retained Earnings	169.28	173.63	191.44	187.7	205.63	141.64
Treasury Stock	-57.97	-57.97	-57.97	-	-	-
Total Common Equity	1,251	1,255	1,273	1,327	763.81	699.82
Minority Interest	7.82	8.9	12.14	7.18	5.78	5.69
Shareholders' Equity	1,259	1,264	1,285	1,334	769.59	705.51
Total Liabilities & Equity	1,400	1,420	1,469	1,536	1,077	971.25
Total Debt	12.42	13.12	9.13	15.94	70.13	12.23
Net Cash (Debt)	533.17	563.81	654.42	740.48	175.06	213.39
Net Cash Growth	-12.75%	-13.84%	-11.62%	322.99%	-17.96%	-3.30%
Net Cash Per Share	3.73	3.90	4.69	5.01	1.56	1.89
Filing Date Shares Outstanding	145.09	147.73	143.34	148.2	112.72	112.72
Total Common Shares Outstanding	145.09	147.73	143.34	150.29	112.72	112.72
Working Capital	910.62	944.62	1,038	1,115	555.81	509.96
Book Value Per Share	8.62	8.50	8.88	8.83	6.78	6.21
Tangible Book Value	1,211	1,215	1,227	1,279	715.28	650.24
Tangible Book Value Per Share	8.35	8.22	8.56	8.51	6.35	5.77
Buildings	-	-	92.56	90.53	90.53	90.53
Machinery	-	-	83.53	66.25	55.82	40.93
Construction In Progress	-	-	14.97	11.32	2.86	2.86
Order Backlog	-	-	674	-	-	-

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