SHA:688498 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	567.02	822.27	1,121	1,344	1,420	143.17
Trading Asset Securities	-	-	-	-	50.3	58.74
Cash & Short-Term Investments	567.02	822.27	1,121	1,344	1,470	201.91
Cash Growth	-47.65%	-26.66%	-16.54%	-8.60%	627.97%	-26.18%
Accounts Receivable	445.86	294.02	143.86	124.3	168.76	109.26
Other Receivables	6.61	1.14	16.48	18.09	10.98	0.12
Receivables	452.47	295.16	160.33	142.39	179.74	109.39
Inventory	162.23	133.7	122.71	140.82	95.92	56.4
Prepaid Expenses	-	-	-	-	0.13	-
Other Current Assets	31.97	11.04	6.93	4.12	2.87	4.02
Total Current Assets	1,214	1,262	1,411	1,631	1,749	371.71
Property, Plant & Equipment	1,019	892.33	579.52	553.64	522.18	289.19
Long-Term Investments	197.32	165.66	118.31	30	-	-
Other Intangible Assets	15.9	14.32	16.4	16.96	14.54	13.31
Long-Term Deferred Tax Assets	8.83	40.76	4.66	-	-	4.25
Long-Term Deferred Charges	0.72	0.24	0.66	0.53	1.09	3.68
Other Long-Term Assets	372.13	201.99	16.77	4.71	9.35	54.7
Total Assets	2,828	2,577	2,148	2,237	2,296	736.85
Accounts Payable	167.03	115.74	34.51	84.28	137.48	75.41
Accrued Expenses	12.22	23.55	11.14	7.28	16.27	11.89
Short-Term Debt	19.8	-	-	-	-	-
Current Portion of Leases	-	4.81	0.94	0.91	0.83	1.11
Current Income Taxes Payable	12.55	-	-	-	-	7.8
Current Unearned Revenue	1.82	1.86	1.45	2.1	7.58	3.48
Other Current Liabilities	13.34	24.97	5.91	0.7	2.78	6.38
Total Current Liabilities	232.76	170.94	53.95	95.27	164.94	106.06
Long-Term Leases	59.19	62.52	3.41	0.98	1.89	2.72
Long-Term Unearned Revenue	10.37	10.6	17.13	15.48	14.22	6.29
Long-Term Deferred Tax Liabilities	-	-	-	4.52	5.87	0.11
Other Long-Term Liabilities	0.72	1.14	0.28	3.75	6.3	7.19
Total Liabilities	303.03	245.2	74.78	119.99	193.21	122.37
Common Stock	85.95	85.95	85.46	84.84	60	45
Additional Paid-In Capital	1,988	1,969	1,870	1,845	1,835	462.5
Retained Earnings	500.4	320.96	172.73	187.37	207.29	106.98
Treasury Stock	-33.73	-33.73	-55.42	-	-	-
Comprehensive Income & Other	-15.75	-10.32	-0.01	-0.03	-	-
Shareholders' Equity	2,525	2,332	2,073	2,117	2,102	614.48
Total Liabilities & Equity	2,828	2,577	2,148	2,237	2,296	736.85
Total Debt	84.98	67.33	4.35	1.89	2.72	3.82
Net Cash (Debt)	482.04	754.94	1,117	1,342	1,467	198.09
Net Cash Growth	-55.38%	-32.41%	-16.75%	-8.55%	640.65%	-27.57%
Net Cash Per Share	5.60	8.82	12.75	18.60	23.30	3.15
Filing Date Shares Outstanding	85.86	85.67	85.5	84.84	84.84	63
Total Common Shares Outstanding	85.86	85.67	85.01	84.84	84	63
Working Capital	980.93	1,091	1,357	1,536	1,584	265.65
Book Value Per Share	29.41	27.22	24.38	24.95	25.03	9.75
Tangible Book Value	2,509	2,318	2,056	2,100	2,088	601.17
Tangible Book Value Per Share	29.22	27.06	24.19	24.75	24.86	9.54
Buildings	-	258.99	235.53	222.85	214.84	-
Machinery	-	656.82	482.45	361.92	282.93	216.16
Construction In Progress	-	156.39	43.65	106.86	122.55	143.97

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