SHA:688508 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	145.22	568.04	392.62	1,099	519.6	709.75
Short-Term Investments	-	-	171.91	-	-	-
Trading Asset Securities	1,883	1,538	1,306	740.66	380.74	428.32
Cash & Short-Term Investments	2,028	2,106	1,871	1,839	900.33	1,138
Cash Growth	19.99%	12.57%	1.72%	104.28%	-20.89%	15.20%
Accounts Receivable	281.53	281.61	260.81	207.21	139.2	129.82
Other Receivables	1.12	1	1.04	1.52	1.57	1.4
Receivables	282.65	282.61	261.85	208.73	140.78	131.22
Inventory	349.81	364.44	309.41	213.3	196.26	101.98
Other Current Assets	130.95	17.77	19.28	42.85	93.26	34.8
Total Current Assets	2,792	2,771	2,461	2,304	1,331	1,406
Property, Plant & Equipment	227.75	227.89	172.29	174.6	169.01	151.51
Long-Term Investments	219.08	219.14	237.06	227.98	168.65	34.82
Goodwill	16.92	16.92	16.92	16.92	16.92	16.92
Other Intangible Assets	13.28	13.07	19.44	23.11	16.22	15.74
Long-Term Deferred Tax Assets	50.72	46.57	37.26	28.94	15.87	6.09
Long-Term Deferred Charges	8.61	8.79	4.45	1.01	1.38	1.59
Other Long-Term Assets	3.78	5.4	0.7	2.12	1.46	1.69
Total Assets	3,332	3,308	2,949	2,779	1,720	1,634
Accounts Payable	114.81	79.97	91.04	70.51	106.14	46.79
Accrued Expenses	-	45.35	36.2	29.17	42.03	22.06
Short-Term Debt	365.72	345.2	233.13	119.1	40.01	-
Current Portion of Leases	-	2.39	2.45	4.44	3.82	3.03
Current Income Taxes Payable	1.99	0.24	0.4	0.31	0.87	1.23
Current Unearned Revenue	6.94	3.73	5.29	6.83	4.77	4.87
Other Current Liabilities	69.98	83.48	77.65	41.72	18.57	28.72
Total Current Liabilities	563.07	560.37	446.16	272.07	216.22	106.7
Long-Term Leases	1.14	-	1.58	5.05	7.28	7.09
Long-Term Unearned Revenue	12.98	13.66	14.29	15.31	25.04	3.87
Long-Term Deferred Tax Liabilities	9.4	8.72	0.78	1	1.22	1.45
Total Liabilities	586.59	582.74	462.81	293.43	249.77	119.1
Common Stock	131.31	131.31	131.31	131.29	113.32	113.1
Additional Paid-In Capital	1,899	1,893	1,899	1,900	963.69	919.95
Retained Earnings	811.56	797.84	627.29	535.08	503.51	481.52
Treasury Stock	-96.77	-96.77	-166.01	-77.56	-109.94	-
Comprehensive Income & Other	0.14	0.16	0.17	0.16	0.15	0.11
Total Common Equity	2,745	2,726	2,492	2,489	1,471	1,515
Minority Interest	-	-	-5.67	-3.59	-0.35	0.66
Shareholders' Equity	2,745	2,726	2,487	2,485	1,470	1,515
Total Liabilities & Equity	3,332	3,308	2,949	2,779	1,720	1,634
Total Debt	370.49	347.6	237.16	128.59	51.12	10.11
Net Cash (Debt)	1,658	1,758	1,634	1,711	849.21	1,128
Net Cash Growth	18.72%	7.63%	-4.50%	101.43%	-24.71%	14.18%
Net Cash Per Share	12.68	13.68	12.77	14.38	7.47	9.97
Filing Date Shares Outstanding	137.24	129.05	127.44	127.99	111.62	113.1
Total Common Shares Outstanding	137.24	129.05	127.44	130.1	111.62	113.1
Working Capital	2,229	2,210	2,015	2,032	1,114	1,299
Book Value Per Share	20.00	21.12	19.56	19.13	13.18	13.39
Tangible Book Value	2,715	2,696	2,456	2,449	1,438	1,482
Tangible Book Value Per Share	19.78	20.89	19.27	18.82	12.88	13.10
Buildings	-	189.62	137.9	137.93	95.77	53.19
Machinery	-	119.53	94.59	78.16	60.01	40.68
Construction In Progress	-	4.11	0.38	0.36	36.99	72.51

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.