SHA:688501 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	314.47	369.82	326.68	350.48	256.16	231.27
Trading Asset Securities	-	-	30	10	84	75.95
Cash & Short-Term Investments	314.47	369.82	356.68	360.48	340.16	307.22
Cash Growth	5.34%	3.68%	-1.06%	5.97%	10.72%	97.68%
Accounts Receivable	996.11	944.29	967.41	834.86	647.39	614.51
Other Receivables	45.64	27.58	25.07	17.08	16.93	12.59
Receivables	1,042	971.87	992.48	851.94	664.32	627.1
Inventory	759.97	731.28	982.62	399.04	391.3	260.16
Prepaid Expenses	-	-	0.19	-	0.27	-
Other Current Assets	57.14	60.41	91.21	19.06	11.96	8.12
Total Current Assets	2,173	2,133	2,423	1,631	1,408	1,203
Property, Plant & Equipment	359.74	363.77	327.57	142.26	129.75	100.57
Goodwill	0.32	0.32	0.32	2.31	1.98	-
Other Intangible Assets	134.78	135.92	133.7	31.24	32.2	32.77
Long-Term Accounts Receivable	-	-	100.67	56.71	76.63	58.79
Long-Term Deferred Tax Assets	31.03	29.89	25.58	21.97	18.75	15.23
Long-Term Deferred Charges	34.25	27.99	32.53	14.05	14.9	1.8
Other Long-Term Assets	175.43	161.33	32.29	27.42	5.16	1.92
Total Assets	2,909	2,853	3,076	1,926	1,687	1,414
Accounts Payable	799.36	767.29	626.8	353.84	339.01	160.22
Accrued Expenses	15.57	24.45	237.29	122.15	105.75	103.92
Short-Term Debt	457.28	410.62	532.03	410.06	337.46	312.43
Current Portion of Long-Term Debt	72.27	102.22	0.1	9.23	19.52	-
Current Portion of Leases	-	-	20.17	2.05	2.21	1.7
Current Income Taxes Payable	16.25	20.23	16.75	10.5	9.64	7.17
Current Unearned Revenue	149.72	163.9	185.13	64.55	28.93	36.62
Other Current Liabilities	43.6	51.74	63.16	24.53	6.55	6.11
Total Current Liabilities	1,554	1,540	1,681	996.91	849.07	628.18
Long-Term Debt	143.08	127.08	0.84	-	-	-
Long-Term Leases	1.29	1.5	383.85	1.62	1.16	3.55
Long-Term Unearned Revenue	7.66	8.11	5.64	7.66	3.9	4.59
Long-Term Deferred Tax Liabilities	0.05	0.05	0.06	0.06	0.17	0.14
Other Long-Term Liabilities	11.64	11.64	8.86	9.79	7.52	7.21
Total Liabilities	1,718	1,689	2,081	1,016	861.82	643.66
Common Stock	124.23	124.23	123.07	123.07	94.67	94.67
Additional Paid-In Capital	340.59	340.36	324.97	313.44	340.52	340.52
Retained Earnings	680.97	652.71	507.31	441.41	364.2	322.72
Comprehensive Income & Other	4.14	4.15	2.43	1.05	0.42	0.2
Total Common Equity	1,150	1,121	957.79	878.97	799.81	758.12
Minority Interest	41.19	42.35	37.39	31.48	25.76	11.89
Shareholders' Equity	1,191	1,164	995.18	910.45	825.57	770.01
Total Liabilities & Equity	2,909	2,853	3,076	1,926	1,687	1,414
Total Debt	673.92	641.42	937	422.96	360.35	317.68
Net Cash (Debt)	-359.46	-271.6	-580.32	-62.48	-20.19	-10.45
Net Cash Per Share	-2.92	-2.20	-4.74	-0.50	-0.17	-0.10
Filing Date Shares Outstanding	122.88	124.23	123.07	123.07	123.07	123.07
Total Common Shares Outstanding	122.88	124.23	123.07	123.07	123.07	123.07
Working Capital	619.29	592.93	741.75	633.62	558.95	574.43
Book Value Per Share	9.36	9.03	7.78	7.14	6.50	6.16
Tangible Book Value	1,015	985.21	823.77	845.42	765.63	725.35
Tangible Book Value Per Share	8.26	7.93	6.69	6.87	6.22	5.89
Buildings	-	-	236.67	131.36	125.06	87.59
Machinery	-	-	127.65	85.8	66.45	44.76
Construction In Progress	-	-	43.23	0.65	0.13	17.41

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