SHA:688523 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	230.17	364.47	226.77	290.68	164.79	134.25
Trading Asset Securities	90.17	150.31	380.42	606.74	-	-
Cash & Short-Term Investments	320.33	514.78	607.19	897.42	164.79	134.25
Cash Growth	-30.70%	-15.22%	-32.34%	444.57%	22.75%	12.52%
Accounts Receivable	454.32	428.21	531.29	410.45	296.59	199.43
Other Receivables	6.45	6.43	4.95	2.62	1.66	0.74
Receivables	460.77	434.63	536.24	413.07	298.25	200.17
Inventory	240.07	200.09	160.11	126.85	85.49	61.73
Other Current Assets	44.11	34.81	16.36	34.47	15.38	16.04
Total Current Assets	1,065	1,184	1,320	1,472	563.9	412.19
Property, Plant & Equipment	1,136	1,109	800.35	550.44	469.67	345.56
Other Intangible Assets	198.34	200.01	201.56	207.98	192.4	197.64
Long-Term Deferred Tax Assets	33.42	30.4	17.58	20.61	14.92	13.39
Long-Term Deferred Charges	-	-	-	-	0.02	0.14
Other Long-Term Assets	119.75	68.89	96.47	77.7	37.99	37.18
Total Assets	2,553	2,593	2,436	2,329	1,279	1,006
Accounts Payable	224.31	223.4	205.19	133.42	103.79	78.2
Accrued Expenses	13.24	27.34	42.74	51.74	54.33	42.59
Short-Term Debt	57.93	93.46	82.18	37.54	35.04	51.06
Current Portion of Long-Term Debt	132.92	143.7	92.14	51.5	7.29	-
Current Portion of Leases	-	-	-	0.98	0.43	-
Current Income Taxes Payable	0.4	0.82	6.95	18.47	5.52	10.35
Current Unearned Revenue	54.36	42.37	9.32	1.81	8.81	6.67
Other Current Liabilities	4.76	5.22	8.17	5.97	4.59	26.93
Total Current Liabilities	487.92	536.31	446.69	301.44	219.8	215.8
Long-Term Debt	219.15	210.15	203.53	201.67	212.96	81
Long-Term Leases	-	-	-	1.11	-	0.88
Long-Term Unearned Revenue	100.37	102.04	97.43	107.79	91.03	90.98
Long-Term Deferred Tax Liabilities	23.05	23.07	15.23	14.15	13.58	5.79
Total Liabilities	830.49	871.56	762.88	626.17	537.37	394.45
Common Stock	406.88	406.88	406.88	406.88	366	366
Additional Paid-In Capital	802.06	802.02	801.89	801.76	19.4	19.27
Retained Earnings	521.4	519.87	472.28	451.59	317.21	194.6
Treasury Stock	-59.43	-59.43	-59.43	-	-	-
Comprehensive Income & Other	10.01	10.08	9.99	10.78	11.42	9.91
Total Common Equity	1,681	1,679	1,632	1,671	714.03	589.79
Minority Interest	41.52	41.7	41.37	31.36	27.5	21.87
Shareholders' Equity	1,722	1,721	1,673	1,702	741.53	611.66
Total Liabilities & Equity	2,553	2,593	2,436	2,329	1,279	1,006
Total Debt	409.99	447.31	377.86	292.8	255.72	132.93
Net Cash (Debt)	-89.66	67.47	229.33	604.62	-90.93	1.32
Net Cash Growth	-	-70.58%	-62.07%	-	-	-94.22%
Net Cash Per Share	-0.22	0.17	0.57	1.55	-0.25	0.00
Filing Date Shares Outstanding	401.55	415.94	403.82	406.88	366	366
Total Common Shares Outstanding	401.55	415.94	403.82	406.88	366	366
Working Capital	577.36	648	873.22	1,170	344.1	196.4
Book Value Per Share	4.19	4.04	4.04	4.11	1.95	1.61
Tangible Book Value	1,483	1,479	1,430	1,463	521.63	392.14
Tangible Book Value Per Share	3.69	3.56	3.54	3.60	1.43	1.07
Buildings	-	-	344.72	245.01	158.52	157.21
Machinery	-	-	282	245.97	213.86	134.41
Construction In Progress	-	-	320.19	173.7	188.43	136.36

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