SHA:688528 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	42.07	71.8	86.8	177.67	268.16	276.7
Trading Asset Securities	-	-	-	-	-	20
Cash & Short-Term Investments	42.07	71.8	86.8	177.67	268.16	296.7
Cash Growth	-52.33%	-17.27%	-51.15%	-33.75%	-9.62%	-25.94%
Accounts Receivable	190.45	189.83	244.55	276.92	271.13	261.25
Other Receivables	8.06	4.87	12.56	10.55	8.98	12.49
Receivables	198.51	194.71	257.11	287.48	280.11	273.74
Inventory	85.95	67.33	71.21	56.98	66.28	69.92
Other Current Assets	19.56	19.97	5.22	4.7	5.93	5.99
Total Current Assets	346.08	353.81	420.34	526.83	620.48	646.36
Property, Plant & Equipment	328.57	335.01	363.26	380.91	325.97	288.41
Long-Term Investments	-	3.3	4.03	4.62	5.14	2.12
Goodwill	4.9	4.91	4.96	4.99	-	-
Other Intangible Assets	31.81	32.73	35.17	42.73	23.07	27.51
Long-Term Accounts Receivable	-	-	3.05	2.77	1.46	1.52
Long-Term Deferred Tax Assets	54.26	54.6	61.52	37.05	15.31	4.51
Long-Term Deferred Charges	4.39	3.58	3.91	5.46	2.72	0.04
Other Long-Term Assets	31.89	26.87	11.76	8.55	48.99	20.03
Total Assets	801.9	814.8	908	1,014	1,043	990.49
Accounts Payable	157.4	154.04	138.59	127.88	147.77	155.59
Accrued Expenses	8.29	10.01	25.63	21.35	15	14.93
Short-Term Debt	60.79	60.79	74.07	55.09	39.05	30
Current Portion of Long-Term Debt	70.34	60.15	25.65	68.48	1.45	-
Current Portion of Leases	-	-	4.52	4.75	3.35	-
Current Income Taxes Payable	0.77	0.21	-	-	-	-
Current Unearned Revenue	5.54	5.53	2.57	0.75	1.88	0.26
Other Current Liabilities	3.61	2.74	25.66	27.22	20.36	22.85
Total Current Liabilities	306.74	293.47	296.69	305.53	228.85	223.63
Long-Term Debt	4.82	14.13	39.39	-	48.4	-
Long-Term Leases	9.31	11.96	8.87	3.33	5.32	-
Long-Term Unearned Revenue	15.19	14.74	12.81	8.75	8.18	8.22
Long-Term Deferred Tax Liabilities	2.25	2.63	3.7	2.4	2.46	-
Other Long-Term Liabilities	16.95	19.78	-	2.53	-	-
Total Liabilities	355.25	356.7	361.45	322.54	293.2	231.85
Common Stock	168	168	168	168	168	168
Additional Paid-In Capital	467.36	462.91	453.2	453.2	453.2	453.2
Retained Earnings	-135.12	-111.58	4.27	69.5	128.74	137.45
Treasury Stock	-55.17	-62.89	-80	-	-	-
Total Common Equity	445.07	456.44	545.46	690.7	749.94	758.64
Minority Interest	1.58	1.65	1.08	0.67	-	-
Shareholders' Equity	446.65	458.09	546.55	691.36	749.94	758.64
Total Liabilities & Equity	801.9	814.8	908	1,014	1,043	990.49
Total Debt	145.25	147.03	152.49	131.65	97.56	30
Net Cash (Debt)	-103.19	-75.23	-65.69	46.02	170.6	266.7
Net Cash Growth	-	-	-	-73.02%	-36.03%	-28.04%
Net Cash Per Share	-0.65	-0.47	-0.41	0.27	1.24	1.55
Filing Date Shares Outstanding	156.93	158.16	157.56	168	168	168
Total Common Shares Outstanding	156.93	158.16	157.56	168	168	168
Working Capital	39.34	60.34	123.66	221.3	391.63	422.73
Book Value Per Share	2.84	2.89	3.46	4.11	4.46	4.52
Tangible Book Value	408.36	418.81	505.34	642.97	726.87	731.13
Tangible Book Value Per Share	2.60	2.65	3.21	3.83	4.33	4.35
Buildings	-	-	194.97	194.02	191.81	168.59
Machinery	-	-	249.8	236.14	144.5	111.49
Construction In Progress	-	-	28.37	30.67	43.18	46.86

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