SHA:688515 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	628.13	399.2	740.15	449.3	36.29	56.45
Trading Asset Securities	404.61	693.17	581.89	1,214	130.02	199.23
Cash & Short-Term Investments	1,033	1,092	1,322	1,663	166.31	255.68
Cash Growth	-13.39%	-17.37%	-20.51%	900.07%	-34.95%	189.96%
Accounts Receivable	78.44	150.76	80.36	59.34	70.57	58.79
Other Receivables	5.93	7.98	3.88	3.18	1.46	1.25
Receivables	84.37	158.74	84.24	62.51	72.03	60.04
Inventory	204.98	144.66	125.03	131.45	100.28	114.64
Prepaid Expenses	-	-	-	-	4.77	0.53
Other Current Assets	121.74	125.9	87.63	15	117.5	62.58
Total Current Assets	1,444	1,522	1,619	1,872	460.88	493.46
Property, Plant & Equipment	143.37	128.96	83.38	44.21	20.94	26.43
Other Intangible Assets	33.86	36.24	34.16	20.12	18.89	29.54
Long-Term Deferred Charges	6.92	1.43	6.17	3.01	3.48	2.49
Other Long-Term Assets	3.1	2.62	1.33	6.14	3.26	1.09
Total Assets	1,631	1,691	1,744	1,946	507.46	553.01
Accounts Payable	65.74	55.49	32.53	35.53	6.62	22.08
Accrued Expenses	37.48	67.31	70.74	56.24	44.19	15.87
Current Portion of Long-Term Debt	8.72	9.68	-	-	-	-
Current Portion of Leases	-	-	6.87	9.4	3.68	3.32
Current Income Taxes Payable	1.05	4.28	-	-	-	-
Current Unearned Revenue	9.74	9.08	10.15	6.19	102.54	161.91
Other Current Liabilities	8.37	6.99	6.8	3.14	55.23	60.16
Total Current Liabilities	131.1	152.84	127.09	110.5	212.26	263.35
Long-Term Leases	9.81	9.84	1	7.89	5.44	11.26
Long-Term Unearned Revenue	21.68	20.54	3.82	0.1	0.25	1.09
Other Long-Term Liabilities	1.62	1.56	3.58	-	-	-
Total Liabilities	164.22	184.77	135.49	118.49	217.95	275.7
Common Stock	80	80	80	80	60	60
Additional Paid-In Capital	1,952	1,949	1,929	1,906	238.74	226.14
Retained Earnings	-538.01	-494.75	-361.02	-159.34	-9.24	-8.83
Treasury Stock	-27.94	-27.94	-40	-	-	-
Comprehensive Income & Other	0.46	0.15	0.33	0.35	-	-
Shareholders' Equity	1,467	1,506	1,608	1,827	289.5	277.31
Total Liabilities & Equity	1,631	1,691	1,744	1,946	507.46	553.01
Total Debt	18.54	19.52	7.87	17.29	9.12	14.59
Net Cash (Debt)	1,014	1,073	1,314	1,646	157.19	241.09
Net Cash Growth	-14.87%	-18.36%	-20.16%	947.08%	-34.80%	173.41%
Net Cash Per Share	12.73	13.48	16.49	21.49	3.85	5.21
Filing Date Shares Outstanding	80.11	80.82	79.4	79.93	80	60
Total Common Shares Outstanding	80.11	80.82	79.4	80	60	60
Working Capital	1,313	1,369	1,492	1,762	248.62	230.11
Book Value Per Share	18.31	18.63	20.26	22.84	4.83	4.62
Tangible Book Value	1,433	1,470	1,574	1,807	270.61	247.77
Tangible Book Value Per Share	17.89	18.19	19.83	22.59	4.51	4.13
Machinery	-	-	55.22	33.77	18.5	13.12
Construction In Progress	-	-	43.89	6.66	-	1.47