SHA:688496 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	213.65	230.27	93.56	429.12	897.02	172.36
Short-Term Investments	-	-	-	-	1.48	-
Trading Asset Securities	88.5	47.17	236.37	75.09	-	-
Cash & Short-Term Investments	302.15	277.44	329.93	504.21	898.5	172.36
Cash Growth	-8.96%	-15.91%	-34.56%	-43.88%	421.30%	-23.03%
Accounts Receivable	223.48	215.21	237.06	170.88	262.43	185.22
Other Receivables	0.69	47.58	58.68	28.72	51.96	57.43
Receivables	224.18	262.78	295.74	199.6	314.4	242.65
Inventory	151.07	195.38	275.66	391	292.53	231.12
Prepaid Expenses	-	-	-	-	4.38	-
Other Current Assets	31.78	34.26	7.97	29.17	47.29	65.83
Total Current Assets	709.18	769.87	909.31	1,124	1,557	711.95
Property, Plant & Equipment	627.73	643.38	683.87	656.46	586.14	567.78
Long-Term Investments	38.73	38.73	38.73	38.73	49.9	44.31
Other Intangible Assets	30.09	30.45	32.04	32.2	30.07	29.73
Long-Term Deferred Tax Assets	44.35	48.08	52.87	50.88	43.22	31.62
Long-Term Deferred Charges	39.53	43.13	53.72	61.21	52.74	46.99
Other Long-Term Assets	49.73	49.89	51.91	58.52	98.68	98.54
Total Assets	1,539	1,624	1,822	2,022	2,418	1,531
Accounts Payable	117.65	117.23	176.13	170	191.74	174.07
Accrued Expenses	9.74	22.33	23.45	21.05	46.47	31.46
Short-Term Debt	194.79	231.9	230.82	314.03	448.6	390.53
Current Portion of Long-Term Debt	59.68	55.38	18.43	41.5	27.61	58.68
Current Portion of Leases	-	4.42	8.34	5.94	4.41	3.02
Current Income Taxes Payable	4	-	0.01	0.22	3.73	5.47
Current Unearned Revenue	6.48	7.02	5.64	5.39	6.56	3.51
Other Current Liabilities	31.14	29.26	11.86	2.88	4.91	5.07
Total Current Liabilities	423.49	467.55	474.68	561.01	734.02	671.82
Long-Term Debt	43.87	43.87	99.79	118.2	167.46	137.38
Long-Term Leases	11.4	11.05	18.12	18.69	21.85	25.29
Long-Term Unearned Revenue	55.96	57.29	52.95	53.44	52.18	48.91
Long-Term Deferred Tax Liabilities	5.06	5.06	5.06	5.08	5.11	4.17
Other Long-Term Liabilities	3.41	4.79	5.01	2.68	1.59	1.61
Total Liabilities	543.18	589.61	655.6	759.11	982.2	889.17
Common Stock	450	450	450	450	450	360
Additional Paid-In Capital	645.8	645.8	645.8	667.21	667.21	22.26
Retained Earnings	-219.77	-187.32	-88.48	-18.98	128.65	72.92
Treasury Stock	-12.99	-12.99	-4	-	-	-
Comprehensive Income & Other	28.67	28.67	28.67	28.67	28.67	23.63
Total Common Equity	891.7	924.15	1,032	1,127	1,275	478.81
Minority Interest	104.44	109.74	134.86	135.95	161.11	162.95
Shareholders' Equity	996.14	1,034	1,167	1,263	1,436	641.76
Total Liabilities & Equity	1,539	1,624	1,822	2,022	2,418	1,531
Total Debt	309.74	346.62	375.49	498.36	669.93	614.91
Net Cash (Debt)	-7.59	-69.18	-45.56	5.85	228.57	-442.55
Net Cash Growth	-	-	-	-97.44%	-	-
Net Cash Per Share	-0.02	-0.15	-0.10	0.01	0.63	-1.23
Filing Date Shares Outstanding	463.55	527.34	449.5	450	450	360
Total Common Shares Outstanding	463.55	527.34	449.5	450	450	360
Working Capital	285.69	302.31	434.63	562.97	823.08	40.13
Book Value Per Share	1.92	1.75	2.30	2.50	2.83	1.33
Tangible Book Value	861.61	893.7	999.95	1,095	1,244	449.07
Tangible Book Value Per Share	1.86	1.69	2.22	2.43	2.77	1.25
Buildings	-	269.79	224.92	215.84	173.07	176.3
Machinery	-	623.38	428.03	377.31	322.42	254.87
Construction In Progress	-	8.59	243.89	246.98	239.54	259.65