SHA:688521 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	1,242	2,008	746.94	688.78	765.38	1,091
Short-Term Investments	-	50.29	-	-	-	-
Trading Asset Securities	526.45	923.81	112.28	400.13	100.38	713.8
Cash & Short-Term Investments	1,769	2,982	859.21	1,089	865.76	1,805
Cash Growth	190.22%	247.02%	-21.09%	25.77%	-52.03%	-4.90%
Accounts Receivable	1,605	1,562	1,209	1,180	1,226	857.6
Other Receivables	3.76	2.96	1.59	4.84	2.96	16.76
Receivables	1,609	1,565	1,210	1,185	1,229	874.36
Inventory	515.45	497.98	395.51	278.62	422.53	133.43
Prepaid Expenses	-	7.83	4.19	4.54	4.47	5.79
Other Current Assets	1,160	633.87	169.1	160.79	285.3	180
Total Current Assets	5,053	5,686	2,638	2,718	2,807	2,998
Property, Plant & Equipment	789.23	787.05	799.54	555.47	573.47	108.72
Long-Term Investments	200.85	233.63	202.12	204.69	241.92	198.19
Goodwill	629.23	177.71	181.67	179.05	176.11	161.47
Other Intangible Assets	898.3	561.76	523.52	396.54	274.55	247.92
Long-Term Deferred Charges	112.83	65.93	30.98	31.1	125.88	138.43
Other Long-Term Assets	131.91	205.35	253.83	321.6	227.02	5.27
Total Assets	7,816	7,718	4,630	4,406	4,426	3,858
Accounts Payable	278.92	325.87	163.17	96.07	214.07	231.25
Accrued Expenses	92.26	260.48	224.72	186.87	199.96	167.66
Short-Term Debt	26.07	-	-	-	0.7	11.47
Current Portion of Long-Term Debt	588.94	442.89	311.69	94.75	-	-
Current Portion of Leases	-	35.43	37.35	20.39	29.75	18.47
Current Income Taxes Payable	29.36	4.98	7.48	3.29	3.76	3.05
Current Unearned Revenue	1,760	1,261	627.36	457.64	548.89	469.63
Other Current Liabilities	80.93	196.25	175.47	90.98	127.41	171.19
Total Current Liabilities	2,856	2,527	1,547	950	1,125	1,073
Long-Term Debt	1,164	1,124	832.55	659.61	348.73	-
Long-Term Leases	36.61	39.65	44.53	22.27	20.45	16.93
Long-Term Unearned Revenue	-	-	-	33.22	-	-
Other Long-Term Liabilities	611.44	609.39	83.22	40.99	25.22	47.51
Total Liabilities	4,669	4,300	2,508	1,706	1,519	1,137
Common Stock	525.92	525.86	500.36	499.91	497.75	495.89
Additional Paid-In Capital	5,980	5,911	4,090	4,065	3,977	3,881
Retained Earnings	-3,285	-2,944	-2,416	-1,815	-1,519	-1,593
Treasury Stock	-24.84	-24.84	-	-	-	-
Comprehensive Income & Other	-49.19	-50.35	-51.52	-49.4	-48.83	-63.02
Shareholders' Equity	3,147	3,418	2,122	2,700	2,907	2,721
Total Liabilities & Equity	7,816	7,718	4,630	4,406	4,426	3,858
Total Debt	1,816	1,642	1,226	797.02	399.64	46.87
Net Cash (Debt)	-46.97	1,339	-366.91	291.89	466.13	1,758
Net Cash Growth	-	-	-	-37.38%	-73.48%	-7.37%
Net Cash Per Share	-0.09	2.61	-0.73	0.58	0.95	3.97
Filing Date Shares Outstanding	525.92	525.86	500.36	499.91	497.75	495.89
Total Common Shares Outstanding	525.92	525.86	500.36	499.91	497.75	495.89
Working Capital	2,197	3,159	1,091	1,768	1,683	1,926
Book Value Per Share	5.98	6.50	4.24	5.40	5.84	5.49
Tangible Book Value	1,619	2,678	1,417	2,125	2,457	2,312
Tangible Book Value Per Share	3.08	5.09	2.83	4.25	4.94	4.66
Buildings	-	676.63	676.63	471.15	471.13	12.95
Machinery	-	279.24	237.27	186.91	168.72	142.12
Construction In Progress	-	0.79	0.15	6.47	3.27	4.98
Order Backlog	-	5,075	-	-	-	-

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