SHA:688526 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	198.57	176.8	543.48	581.74	456.07	555.36
Short-Term Investments	-	664.39	669.19	451.14	810	547.35
Trading Asset Securities	1,681	1,542	719.51	745.04	674.83	212.95
Cash & Short-Term Investments	1,880	2,383	1,932	1,778	1,941	1,316
Cash Growth	40.39%	23.36%	8.68%	-8.40%	47.52%	-39.76%
Accounts Receivable	332.44	302.6	354.81	343.15	406.52	294.4
Other Receivables	3.93	4.32	4.87	37.47	34.96	32.02
Receivables	336.37	366.92	359.69	635.68	441.48	326.42
Inventory	136.3	144.27	125.6	144.8	169.4	108.82
Other Current Assets	757.62	32.41	55.62	7.69	9.12	10.42
Total Current Assets	3,110	2,927	2,473	2,566	2,561	1,761
Property, Plant & Equipment	849.46	877.95	887.05	858.9	905.38	904.15
Long-Term Investments	56.68	907.16	1,057	1,136	799.2	940.15
Goodwill	-	-	-	3.31	3.31	-
Other Intangible Assets	64.65	65.71	65.1	60.03	59.91	57.24
Long-Term Deferred Tax Assets	0.49	0.5	0.96	0.3	26.8	16.28
Long-Term Deferred Charges	0.99	1.12	1.6	1.18	-	-
Other Long-Term Assets	742.29	9.7	10.98	45.88	35.13	46.2
Total Assets	4,825	4,789	4,496	4,671	4,391	3,725
Accounts Payable	110.87	111.32	178.26	165.03	244.27	215.74
Accrued Expenses	20.82	79.92	87.64	88.36	92.79	76.04
Short-Term Debt	-	-	-	206.65	131.6	18.03
Current Portion of Long-Term Debt	0.97	-	-	80.05	-	60.06
Current Portion of Leases	-	1.61	1.35	1.06	0.65	-
Current Income Taxes Payable	33.75	46.69	30.77	53.98	31.09	46.83
Current Unearned Revenue	191.75	182.37	148.6	157.61	101.7	63.18
Other Current Liabilities	61.01	35.58	16.87	5.51	21.74	12.35
Total Current Liabilities	419.17	457.5	463.5	758.25	623.84	492.24
Long-Term Debt	-	-	-	-	140.11	-
Long-Term Leases	5.37	5.07	5.55	5.75	7.12	-
Long-Term Unearned Revenue	64.57	69.66	66.04	56.62	61.72	47.5
Long-Term Deferred Tax Liabilities	23.06	17.79	17.71	12.97	56.84	29.68
Other Long-Term Liabilities	-	-	-	-	1.99	1.99
Total Liabilities	512.16	550.03	552.8	833.59	891.63	571.41
Common Stock	466.13	466.13	466.13	466.17	466.21	465.13
Additional Paid-In Capital	1,128	1,127	1,140	1,141	1,135	1,115
Retained Earnings	2,719	2,639	2,387	2,204	1,897	1,576
Treasury Stock	-17.69	-17.69	-34.77	-0.57	-1.12	-1.86
Comprehensive Income & Other	17.25	24.36	-17.14	25.33	-	-
Total Common Equity	4,313	4,239	3,941	3,836	3,497	3,153
Minority Interest	-0.15	0.4	2.05	2.03	2.07	0.44
Shareholders' Equity	4,312	4,239	3,943	3,838	3,499	3,154
Total Liabilities & Equity	4,825	4,789	4,496	4,671	4,391	3,725
Total Debt	6.34	6.68	6.9	293.51	279.48	78.09
Net Cash (Debt)	1,873	2,377	1,925	1,484	1,661	1,238
Net Cash Growth	40.64%	23.45%	29.70%	-10.65%	34.25%	-41.73%
Net Cash Per Share	4.04	5.11	4.13	3.19	3.57	2.67
Filing Date Shares Outstanding	466.1	453.53	463.92	464.69	466.21	465.13
Total Common Shares Outstanding	466.1	453.53	463.92	466.17	466.21	465.13
Working Capital	2,691	2,470	2,010	1,808	1,937	1,269
Book Value Per Share	9.25	9.35	8.49	8.23	7.50	6.78
Tangible Book Value	4,248	4,173	3,876	3,772	3,434	3,096
Tangible Book Value Per Share	9.11	9.20	8.35	8.09	7.37	6.66
Buildings	-	374.2	291.93	277.02	270.37	237.39
Machinery	-	1,069	974.9	954.6	942.59	511.38
Construction In Progress	-	33.5	134.51	43.05	17	388.72

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