SHA:688522 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	986.41	1,047	1,362	1,735	224.92	160.94
Trading Asset Securities	685.78	725.09	319.5	-	-	-
Cash & Short-Term Investments	1,672	1,772	1,682	1,735	224.92	160.94
Cash Growth	2.93%	5.38%	-3.07%	671.33%	39.75%	18.33%
Accounts Receivable	257.8	287.67	263.26	295.82	218.52	150.68
Other Receivables	33.96	33.73	4.53	1.39	0.81	0.72
Receivables	291.76	321.4	267.79	297.21	219.33	151.41
Inventory	250.88	242.17	239.94	124.53	99.61	70.28
Other Current Assets	19.45	23.76	34.61	22.62	9.08	6.9
Total Current Assets	2,234	2,359	2,224	2,179	552.94	389.53
Property, Plant & Equipment	358.17	340.21	212.83	105.1	64.36	53.52
Other Intangible Assets	24.18	24.97	22.31	52.38	52.53	54.83
Long-Term Accounts Receivable	-	3.57	3.62	1.66	5.89	9.51
Long-Term Deferred Tax Assets	46.84	46.17	25.51	-	-	-
Long-Term Deferred Charges	0.25	0.68	3.53	2.73	2.54	2.7
Other Long-Term Assets	16.63	16.94	3.84	12.45	0.14	0.72
Total Assets	2,680	2,792	2,496	2,354	678.41	510.81
Accounts Payable	81.22	86.28	69.8	43	18.52	25.19
Accrued Expenses	9.99	41.57	29.49	10.67	15.91	9.39
Short-Term Debt	25.84	74.8	-	60.05	60.06	-
Current Portion of Leases	1.13	1.47	2.73	3.1	1.34	1.03
Current Income Taxes Payable	15.02	19.86	37.28	-	9.06	10.3
Current Unearned Revenue	178.66	232.58	105.79	8.44	4.81	2.07
Other Current Liabilities	12.35	12.09	9.44	16.24	0.18	0.14
Total Current Liabilities	324.2	468.66	254.52	141.5	109.89	48.11
Long-Term Leases	1.11	1.25	2.52	5.25	5.17	5.99
Long-Term Unearned Revenue	10.02	4.69	1.21	3.27	6.03	14.21
Long-Term Deferred Tax Liabilities	0	0	-	10.36	8.61	2.74
Other Long-Term Liabilities	6.28	6.04	3.24	1.71	2.03	1.66
Total Liabilities	341.6	480.64	261.48	162.09	131.73	72.72
Common Stock	303	303	216.53	154.67	116	116
Additional Paid-In Capital	1,664	1,663	1,745	1,803	182.44	179.8
Retained Earnings	386.77	360.35	287.62	234.21	248.24	142.28
Treasury Stock	-15.1	-15.1	-15.1	-	-	-
Comprehensive Income & Other	-0.06	-0	-	-	-	-
Shareholders' Equity	2,339	2,311	2,234	2,191	546.68	438.09
Total Liabilities & Equity	2,680	2,792	2,496	2,354	678.41	510.81
Total Debt	28.08	77.52	5.25	68.4	66.57	7.02
Net Cash (Debt)	1,644	1,695	1,676	1,666	158.35	153.93
Net Cash Growth	1.47%	1.08%	0.60%	952.39%	2.88%	14.00%
Net Cash Per Share	5.48	5.57	5.47	5.64	0.69	0.67
Filing Date Shares Outstanding	302.62	302.62	302.62	303.15	303.15	228.14
Total Common Shares Outstanding	302.62	302.62	302.62	303.15	227.36	228.14
Working Capital	1,910	1,891	1,969	2,038	443.05	341.42
Book Value Per Share	7.73	7.64	7.38	7.23	2.40	1.92
Tangible Book Value	2,315	2,286	2,212	2,139	494.15	383.26
Tangible Book Value Per Share	7.65	7.56	7.31	7.06	2.17	1.68
Buildings	-	181.92	-	-	-	-
Machinery	-	207.96	174.9	118.36	82.17	65.77
Construction In Progress	-	40.05	101.74	28.48	10.71	4.01

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