SHA:688530 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	144.37	108.39	114.56	65.13	133.13	164.47
Trading Asset Securities	39.26	28.41	38.06	-	-	-
Cash & Short-Term Investments	183.64	136.79	152.62	65.13	133.13	164.47
Cash Growth	28.50%	-10.37%	134.33%	-51.08%	-19.05%	67.94%
Accounts Receivable	142.26	128.55	130.87	99.07	80.66	111.07
Other Receivables	12.62	1.26	1.52	1.06	0.19	0.35
Receivables	154.88	129.81	132.39	100.13	80.85	111.42
Inventory	420.36	490.18	354.15	293.61	293.84	215.18
Prepaid Expenses	-	-	-	9.3	2.47	-
Other Current Assets	57.51	65.01	32.14	7.41	10.15	8.01
Total Current Assets	816.39	821.8	671.3	475.58	520.44	499.08
Property, Plant & Equipment	472.53	450.29	356.29	267.61	168.03	129.59
Other Intangible Assets	47.59	47.88	39.81	40.74	29.72	7.22
Long-Term Deferred Tax Assets	27.09	33.03	14.08	10.24	14.07	6.95
Long-Term Deferred Charges	0.26	0.31	0.48	0.67	0.83	-
Other Long-Term Assets	16.68	25.41	27.71	3.25	11.73	1.08
Total Assets	1,381	1,379	1,110	798.09	744.81	643.92
Accounts Payable	120.3	117.05	31.1	55.21	27.12	61.56
Accrued Expenses	6.31	23.71	14.06	9.66	10.19	10.02
Short-Term Debt	193.05	231.66	92.06	105.02	160.61	76.09
Current Portion of Long-Term Debt	24.44	25.16	2.04	0.04	19.05	7.09
Current Portion of Leases	-	2.81	4.05	3.85	2.37	2.18
Current Income Taxes Payable	26.88	5	1.43	0.39	2.26	5.47
Current Unearned Revenue	4.23	4.88	1.94	0.31	0.23	0.25
Other Current Liabilities	1.76	32.84	28.84	40.1	7.23	19.1
Total Current Liabilities	376.97	443.11	175.52	214.58	229.07	181.78
Long-Term Debt	75.19	46.6	39.71	43.53	24.67	21.14
Long-Term Leases	-	-	2.81	6.86	10.71	1.51
Long-Term Unearned Revenue	77.92	79.12	31.52	19.44	18.5	19.97
Long-Term Deferred Tax Liabilities	3.36	3.47	3.76	4.08	4.15	-
Total Liabilities	533.44	572.3	253.32	288.48	287.11	224.41
Common Stock	160.04	160.04	160.04	120.03	120.03	120.03
Additional Paid-In Capital	532.41	532.41	531.93	246.95	244.39	241.52
Retained Earnings	154.64	113.96	164.39	142.62	93.28	57.95
Shareholders' Equity	847.1	806.41	856.36	509.6	457.7	419.51
Total Liabilities & Equity	1,381	1,379	1,110	798.09	744.81	643.92
Total Debt	292.68	306.23	140.67	159.3	217.42	108.02
Net Cash (Debt)	-109.04	-169.44	11.95	-94.17	-84.29	56.45
Net Cash Growth	-	-	-	-	-	71.48%
Net Cash Per Share	-0.64	-1.06	0.08	-0.78	-0.69	0.49
Filing Date Shares Outstanding	162.74	160.04	160.04	120.03	121.8	120.03
Total Common Shares Outstanding	162.74	160.04	160.04	120.03	121.8	120.03
Working Capital	439.42	378.69	495.78	261.01	291.37	317.3
Book Value Per Share	5.21	5.04	5.35	4.25	3.76	3.49
Tangible Book Value	799.51	758.54	816.55	468.87	427.98	412.29
Tangible Book Value Per Share	4.91	4.74	5.10	3.91	3.51	3.43
Buildings	-	260.76	136.4	66.32	65.95	24.29
Machinery	-	257.32	176.91	134.85	109.51	89.62
Construction In Progress	-	26.49	110.69	112.04	20.66	41.4

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