SHA:688529 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	430.04	525.04	544.68	694.81	577.11	211.54
Trading Asset Securities	0.82	8.51	111.87	214.93	45.57	189.4
Cash & Short-Term Investments	430.86	533.55	656.54	909.74	622.68	400.95
Cash Growth	-57.47%	-18.73%	-27.83%	46.10%	55.30%	-35.57%
Accounts Receivable	845.39	855.29	984.85	1,005	643.03	535.18
Other Receivables	63.35	85.61	118.09	54.58	106.26	26.21
Receivables	908.74	940.9	1,103	1,059	749.29	561.38
Inventory	3,165	3,200	3,120	2,219	1,979	1,362
Prepaid Expenses	-	2.63	3.83	8.92	0.33	0.22
Other Current Assets	155.89	101.5	163.56	210.36	118.36	57.8
Total Current Assets	4,661	4,779	5,047	4,408	3,470	2,383
Property, Plant & Equipment	1,065	1,083	1,125	920.55	517.02	448.37
Long-Term Investments	9.25	9.47	2.29	0.09	-	-
Other Intangible Assets	214.3	217.11	212.7	203.15	113.18	110.39
Long-Term Deferred Tax Assets	113.05	109.23	93.25	63.66	51.83	47.12
Long-Term Deferred Charges	-	-	-	0.08	0.53	-
Other Long-Term Assets	-	-	7.69	0.36	0.61	0.68
Total Assets	6,062	6,197	6,488	5,595	4,153	2,989
Accounts Payable	573.34	547.25	724.51	657.75	784.13	397.7
Accrued Expenses	39.67	134.1	137.13	116.66	73.17	70.63
Short-Term Debt	1,074	1,033	867.68	841.49	756.46	518.37
Current Portion of Long-Term Debt	534.11	801.46	714.34	186.27	86.58	31.09
Current Portion of Leases	-	4.74	4.33	2.88	5.3	1.85
Current Income Taxes Payable	4.65	2.22	7.31	7.62	2.73	3.14
Current Unearned Revenue	2,052	1,899	1,116	1,018	1,079	709.95
Other Current Liabilities	59.37	76.45	76.06	13.62	38.03	11.81
Total Current Liabilities	4,337	4,499	3,647	2,844	2,825	1,745
Long-Term Debt	688.25	562.65	766.81	585.81	112.56	134.28
Long-Term Leases	7.2	7.51	8.97	3.42	5.24	1.74
Long-Term Unearned Revenue	48.87	49.34	51.54	35.98	7.85	8.64
Long-Term Deferred Tax Liabilities	-	-	-	-	0.26	-
Other Long-Term Liabilities	0.32	0.32	-	0.19	-	-
Total Liabilities	5,081	5,118	4,475	3,469	2,951	1,889
Common Stock	168.18	168.18	167.29	167.29	128	128
Additional Paid-In Capital	1,690	1,689	1,675	1,676	863.97	838.84
Retained Earnings	-862.63	-768.45	171.79	278.44	205.99	129.86
Comprehensive Income & Other	-4.71	-0.54	3.21	3.68	1.53	0.15
Total Common Equity	990.62	1,088	2,017	2,125	1,199	1,097
Minority Interest	-9.62	-9.53	-4.22	1.21	2.19	3.01
Shareholders' Equity	981	1,079	2,013	2,126	1,202	1,100
Total Liabilities & Equity	6,062	6,197	6,488	5,595	4,153	2,989
Total Debt	2,303	2,409	2,362	1,620	966.14	687.34
Net Cash (Debt)	-1,872	-1,876	-1,706	-710.14	-343.46	-286.4
Net Cash Per Share	-11.12	-11.17	-10.28	-5.16	-2.67	-2.24
Filing Date Shares Outstanding	168.17	168.18	167.29	167.29	128	128
Total Common Shares Outstanding	168.17	168.18	167.29	167.29	128	128
Working Capital	324.01	280.11	1,400	1,564	644.41	637.98
Book Value Per Share	5.89	6.47	12.06	12.70	9.37	8.57
Tangible Book Value	776.32	871.23	1,805	1,922	1,086	986.47
Tangible Book Value Per Share	4.62	5.18	10.79	11.49	8.49	7.71
Buildings	-	-	-	383.65	381.45	380.92
Machinery	-	1,369	1,320	228.27	216.53	176.77
Construction In Progress	-	5.31	38.15	503.54	74.1	30.1

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