SHA:688499 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	410.91	-	838.93	809.68	1,750	963.93
Trading Asset Securities	19.32	-	10.58	115.45	90.89	199
Cash & Short-Term Investments	430.23	576.79	849.51	925.13	1,841	1,163
Cash Growth	-43.76%	-32.10%	-8.17%	-49.74%	58.27%	187.11%
Accounts Receivable	2,023	-	2,113	2,728	1,799	1,324
Other Receivables	24.66	-	16.42	25.84	37.53	28.5
Receivables	2,047	-	2,130	2,754	1,836	1,353
Inventory	3,239	-	2,574	3,049	3,048	1,656
Other Current Assets	254.32	-	143.49	228.47	312.42	148.84
Total Current Assets	5,971	-	5,697	6,956	7,037	4,321
Property, Plant & Equipment	2,342	-	2,465	2,232	1,687	1,035
Long-Term Investments	83.88	-	85.61	122.1	274.15	7.19
Goodwill	-	-	-	5.45	5.45	-
Other Intangible Assets	183.28	-	193.02	203.63	155.65	60.39
Long-Term Deferred Tax Assets	259.76	-	289.86	173.84	81.74	17.81
Long-Term Deferred Charges	26.01	-	52.88	121.51	158.12	130.37
Other Long-Term Assets	87.95	-	9.77	137.08	76.98	4.31
Total Assets	8,954	-	8,794	9,952	9,476	5,576
Accounts Payable	2,339	-	1,892	2,492	2,258	974.76
Accrued Expenses	73.83	-	68.99	92.85	142.65	81.66
Short-Term Debt	658.8	-	728.38	378.02	182.51	538.65
Current Portion of Long-Term Debt	565.08	-	569.85	538.15	128.87	39.62
Current Portion of Leases	-	-	23.62	58.63	71.44	31.2
Current Income Taxes Payable	57.85	-	5.47	5.47	3.99	0
Current Unearned Revenue	2,376	-	1,955	1,605	2,066	1,360
Other Current Liabilities	139.03	-	469.1	395.75	399.03	285.85
Total Current Liabilities	6,209	-	5,713	5,566	5,253	3,311
Long-Term Debt	282.66	-	643.11	1,718	1,427	161.19
Long-Term Leases	32.34	-	74.81	128.89	145.9	101.95
Long-Term Unearned Revenue	85.2	-	94.47	72.03	2.86	3
Long-Term Deferred Tax Liabilities	-	-	-	36.66	38.28	0.51
Other Long-Term Liabilities	-	-	-	4.05	4.05	-
Total Liabilities	6,610	-	6,525	7,525	6,871	3,578
Common Stock	168.73	-	168.73	123.63	88	88
Additional Paid-In Capital	2,656	-	2,615	1,604	1,598	1,450
Retained Earnings	-473.95	-	-544.43	499.7	723.04	457.28
Comprehensive Income & Other	31.67	-	29.47	198.3	194.87	2.85
Total Common Equity	2,343	2,291	2,269	2,426	2,604	1,998
Minority Interest	1.17	-	-0.68	0.03	1.31	-
Shareholders' Equity	2,345	2,290	2,269	2,426	2,605	1,998
Total Liabilities & Equity	8,954	-	8,794	9,952	9,476	5,576
Total Debt	1,539	1,385	2,040	2,821	1,956	872.62
Net Cash (Debt)	-1,109	-807.97	-1,190	-1,896	-115.53	290.31
Net Cash Growth	-	-	-	-	-	1639.39%
Net Cash Per Share	-6.42	-4.76	-9.26	-17.15	-0.94	2.68
Filing Date Shares Outstanding	171.61	170.71	168.73	123.63	123.2	123.2
Total Common Shares Outstanding	171.61	167.32	168.73	123.63	123.2	123.2
Working Capital	-238.41	-	-15.66	1,390	1,785	1,010
Book Value Per Share	13.66	13.69	13.45	19.62	21.14	16.22
Tangible Book Value	2,160	2,103	2,076	2,217	2,443	1,937
Tangible Book Value Per Share	12.59	12.57	12.31	17.93	19.83	15.73
Buildings	-	-	1,564	1,305	468.91	476.82
Machinery	-	-	829.13	658.49	568.53	365.49
Construction In Progress	-	-	377.41	380.02	631.03	172.98

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