SHA:688488 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	503.95	371.16	335.34	225.36	134.91	442.71
Trading Asset Securities	30.11	80.19	106.18	215.75	351.64	163.31
Cash & Short-Term Investments	534.06	451.35	441.52	441.1	486.54	606.02
Cash Growth	17.93%	2.23%	0.10%	-9.34%	-19.71%	-22.41%
Accounts Receivable	199.57	200.91	162.92	207.62	134.74	89.68
Other Receivables	7.19	0.01	0.03	0.01	-	-
Receivables	206.77	200.92	162.96	207.64	134.74	89.68
Inventory	257.92	259.49	254.97	184.88	156.15	114.27
Other Current Assets	13.95	26.98	35.48	38.76	25.02	16.97
Total Current Assets	1,013	938.74	894.93	872.38	802.46	826.93
Property, Plant & Equipment	402.47	404.26	434.45	443.54	447.18	327.3
Long-Term Investments	91.6	90.82	69.6	150.88	148.81	58.2
Goodwill	171.62	171.62	171.62	13.24	13.24	13.24
Other Intangible Assets	149.71	154.64	175.47	114.59	117.62	128.23
Long-Term Deferred Tax Assets	84.65	83.73	83.85	54.29	39.02	19.32
Long-Term Deferred Charges	72.99	65.83	36.41	83.9	69.13	42.94
Other Long-Term Assets	73.15	2.97	3.24	13.74	18.09	18.45
Total Assets	2,059	1,913	1,870	1,747	1,656	1,435
Accounts Payable	85.96	51.97	57.67	35.67	27.34	28.1
Accrued Expenses	15.86	77.57	61.93	39.2	35.11	20.11
Short-Term Debt	428.11	365.18	220.5	255.55	145.16	-
Current Portion of Long-Term Debt	52.91	116.41	169.05	80.07	0.07	-
Current Portion of Leases	-	2.16	4.22	3.78	2.05	4.23
Current Income Taxes Payable	8.44	0.82	0.82	-	-	-
Current Unearned Revenue	6.6	5.22	13.08	6.25	33.12	2.43
Other Current Liabilities	77.79	89.89	121.78	71.04	88.83	37.67
Total Current Liabilities	675.68	709.21	649.06	491.57	331.68	92.54
Long-Term Debt	231.24	71.74	90.51	69.94	60	-
Long-Term Leases	7.66	3.67	3.75	2.96	1.5	1.36
Long-Term Unearned Revenue	42.96	43.76	49.74	50.29	56.37	25.05
Long-Term Deferred Tax Liabilities	11.72	11	9.43	6.28	7.02	5.86
Total Liabilities	969.26	839.37	802.48	621.03	456.57	124.82
Common Stock	420.78	420.78	420.78	420.78	420	420
Additional Paid-In Capital	889.56	887.33	883.62	888.35	886.2	873.78
Retained Earnings	-337.27	-344.88	-325.35	-184.14	-108.07	16.12
Comprehensive Income & Other	1.44	1.45	1.84	0.55	0.85	-0.1
Total Common Equity	974.51	964.68	980.89	1,126	1,199	1,310
Minority Interest	115.12	108.55	86.19	-	-	-
Shareholders' Equity	1,090	1,073	1,067	1,126	1,199	1,310
Total Liabilities & Equity	2,059	1,913	1,870	1,747	1,656	1,435
Total Debt	719.92	559.15	488.03	412.3	208.77	5.59
Net Cash (Debt)	-185.85	-107.8	-46.5	28.8	277.78	600.43
Net Cash Growth	-	-	-	-89.63%	-53.74%	-23.12%
Net Cash Per Share	-0.44	-0.26	-0.11	0.07	0.67	1.40
Filing Date Shares Outstanding	380.31	420.78	420.78	420.78	420	420
Total Common Shares Outstanding	380.31	420.78	420.78	420.78	420	420
Working Capital	337.02	229.53	245.87	380.81	470.78	734.39
Book Value Per Share	2.56	2.29	2.33	2.67	2.85	3.12
Tangible Book Value	653.18	638.42	633.81	997.71	1,068	1,168
Tangible Book Value Per Share	1.72	1.52	1.51	2.37	2.54	2.78
Buildings	-	393.38	393.46	375.44	344.92	217.76
Machinery	-	264.3	260.49	221.21	198.6	125.31
Construction In Progress	-	-	2.18	3.12	36.82	95.23

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