SHA:688503 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	1,909	1,598	622.08	748.8	773.19	107.42
Trading Asset Securities	307.17	1,064	1,139	1,394	1,999	-
Cash & Short-Term Investments	2,216	2,662	1,761	2,143	2,772	107.42
Cash Growth	-2.69%	51.23%	-17.85%	-22.70%	2480.75%	162.07%
Accounts Receivable	6,729	6,082	3,826	3,220	2,015	1,862
Other Receivables	10.65	185.02	108.18	61.8	31.14	54.66
Receivables	6,739	6,267	3,935	3,282	2,046	1,916
Inventory	1,727	1,110	929.46	1,327	604.6	533.47
Other Current Assets	684.1	255.13	166.66	41.77	98.05	154.99
Total Current Assets	11,366	10,294	6,791	6,794	5,521	2,712
Property, Plant & Equipment	734.61	508.91	321.25	218.91	137.25	65.52
Long-Term Investments	949.25	941.25	644.73	284.52	-	-
Goodwill	12.13	-	-	23.45	-	-
Other Intangible Assets	101.56	84.21	108.79	115.3	126.71	68.98
Long-Term Deferred Tax Assets	167.93	91.49	56.33	34.36	19.52	11.76
Long-Term Deferred Charges	38.93	17.34	7.83	16.8	2.45	3.32
Other Long-Term Assets	38.95	40.67	45.75	8.39	4.78	2.84
Total Assets	13,410	11,978	7,976	7,496	5,811	2,865
Accounts Payable	1,465	534.72	528.79	476.21	338.13	237.14
Accrued Expenses	28.87	79.38	91.71	72.64	87.11	101.72
Short-Term Debt	5,638	5,776	2,597	1,930	765.58	1,265
Current Portion of Leases	-	5.45	5.01	5.51	3.49	2.36
Current Income Taxes Payable	300.67	49.67	20.42	21.7	9.27	3.11
Current Unearned Revenue	20.91	11.89	40.68	35.58	32.42	1.94
Other Current Liabilities	603.96	478.58	13.65	10.58	9.64	6.74
Total Current Liabilities	8,063	6,936	3,297	2,552	1,246	1,618
Long-Term Leases	4.59	5.72	10.19	9.96	9.11	-
Long-Term Unearned Revenue	26.65	27.47	20.95	8.96	9.44	9.6
Long-Term Deferred Tax Liabilities	10.07	9.28	5.59	4.49	-	1.69
Total Liabilities	8,104	6,978	3,334	2,576	1,264	1,629
Common Stock	242.03	242.03	242.03	165.63	111.91	83.91
Additional Paid-In Capital	3,418	3,410	3,452	3,526	3,597	704.94
Retained Earnings	2,067	1,778	1,458	1,220	838.1	446.89
Treasury Stock	-444.56	-444.56	-520.02	-	-	-
Comprehensive Income & Other	21.42	24.47	12.38	8.02	-	-
Total Common Equity	5,304	5,010	4,644	4,920	4,547	1,236
Minority Interest	1.01	-9.44	-2.12	-	-	-
Shareholders' Equity	5,305	5,000	4,642	4,920	4,547	1,236
Total Liabilities & Equity	13,410	11,978	7,976	7,496	5,811	2,865
Total Debt	5,648	5,787	2,612	1,946	778.18	1,267
Net Cash (Debt)	-3,432	-3,125	-851.32	197.28	1,994	-1,160
Net Cash Growth	-	-	-	-90.11%	-	-
Net Cash Per Share	-14.48	-13.55	-3.58	0.81	10.85	-6.31
Filing Date Shares Outstanding	231.67	231.48	230.17	245.13	245.13	183.8
Total Common Shares Outstanding	231.67	231.48	230.17	245.13	245.13	183.8
Working Capital	3,303	3,359	3,494	4,242	4,275	1,095
Book Value Per Share	22.90	21.64	20.18	20.07	18.55	6.72
Tangible Book Value	5,191	4,925	4,536	4,781	4,420	1,167
Tangible Book Value Per Share	22.41	21.28	19.71	19.50	18.03	6.35
Buildings	-	251.96	53.18	53.18	53.18	-
Machinery	-	333.59	184.07	132.85	74.21	31.69
Construction In Progress	-	5.81	123.41	43.31	2.1	42.6

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