SHA:688518 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	969.46	731.16	839.01	986.34	276.89	249.16
Trading Asset Securities	932.79	736.28	352.6	392.2	95.32	404.3
Cash & Short-Term Investments	1,902	1,467	1,192	1,379	372.22	653.46
Cash Growth	45.70%	23.15%	-13.56%	270.36%	-43.04%	-24.43%
Accounts Receivable	2,533	2,321	2,241	2,062	1,674	945.91
Other Receivables	24.38	22.03	28.93	21.45	17.01	26.91
Receivables	2,557	2,343	2,270	2,084	1,691	972.82
Inventory	3,138	2,677	2,054	2,486	2,608	1,804
Other Current Assets	341.99	316.26	116	75.07	158.25	91.82
Total Current Assets	7,939	6,804	5,631	6,024	4,830	3,522
Property, Plant & Equipment	1,134	1,143	970.02	731.19	579.66	323.85
Long-Term Investments	14.02	14.18	245.33	44.82	45.13	30
Other Intangible Assets	118.02	117.25	111.37	113.06	104.57	68.09
Long-Term Accounts Receivable	-	-	18.46	5.37	9.23	6.42
Long-Term Deferred Tax Assets	64	61.08	49.88	38.91	39.05	31.22
Long-Term Deferred Charges	13.99	9.98	8.47	11.84	10.8	6.63
Other Long-Term Assets	43.77	37.24	10.49	6.6	42.7	24.35
Total Assets	9,328	8,187	7,045	6,975	5,661	4,013
Accounts Payable	2,562	2,245	1,515	1,670	1,546	1,068
Accrued Expenses	75.85	110.29	261.14	220.1	174.75	123.32
Short-Term Debt	494.97	415.18	595.2	222.21	184.72	17
Current Portion of Long-Term Debt	155.96	50.19	5.43	1.55	43.44	0.46
Current Portion of Leases	-	-	0.37	18.18	10.62	12.71
Current Income Taxes Payable	129.43	121.92	15.82	13.11	22.21	3.89
Current Unearned Revenue	2,423	1,729	1,325	1,663	1,720	1,169
Other Current Liabilities	140.65	117.57	123.39	135.14	163.23	76.91
Total Current Liabilities	5,982	4,789	3,841	3,943	3,865	2,471
Long-Term Debt	0.81	98.84	46.18	1.71	1.4	1.9
Long-Term Leases	10.3	10.31	-	7.41	2.39	8.02
Long-Term Unearned Revenue	27.7	26.07	8.54	8.7	11.77	12.6
Total Liabilities	6,021	4,924	3,896	3,961	3,881	2,493
Common Stock	341.33	341.33	341.25	339.04	300.96	299.2
Additional Paid-In Capital	1,789	1,789	1,788	1,774	824.23	794.68
Retained Earnings	1,180	1,134	1,018	903.04	657.23	426.08
Comprehensive Income & Other	-4.09	-3.49	-0.51	-2.5	-2.38	-1.04
Total Common Equity	3,306	3,260	3,147	3,014	1,780	1,519
Minority Interest	0.6	2.26	3.05	0.8	0.4	0.28
Shareholders' Equity	3,306	3,263	3,150	3,014	1,780	1,519
Total Liabilities & Equity	9,328	8,187	7,045	6,975	5,661	4,013
Total Debt	662.04	574.52	647.17	251.06	242.56	40.09
Net Cash (Debt)	1,240	892.92	544.44	1,127	129.66	613.37
Net Cash Growth	138.86%	64.01%	-51.71%	769.56%	-78.86%	-28.79%
Net Cash Per Share	3.59	2.62	1.60	3.35	0.43	2.07
Filing Date Shares Outstanding	353.41	341.33	341.25	339.04	300.9	299.2
Total Common Shares Outstanding	353.41	341.33	341.25	339.04	300.9	299.2
Working Capital	1,957	2,015	1,791	2,081	964.87	1,051
Book Value Per Share	9.35	9.55	9.22	8.89	5.92	5.08
Tangible Book Value	3,188	3,143	3,035	2,901	1,675	1,451
Tangible Book Value Per Share	9.02	9.21	8.90	8.56	5.57	4.85
Buildings	-	-	569.48	561.72	494.25	221.36
Machinery	-	-	177.17	164.33	135.86	94.11
Construction In Progress	-	-	368.78	82.85	0.52	28.38
Order Backlog	-	-	3,500	-	-	-

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