SHA:688533 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	791.69	488.82	531.71	472.2	543.73	327.15
Trading Asset Securities	34.44	29.44	34.47	44.91	3.41	160.74
Cash & Short-Term Investments	826.13	518.26	566.18	517.11	547.14	487.89
Cash Growth	94.70%	-8.46%	9.49%	-5.49%	12.14%	17.78%
Accounts Receivable	966.27	1,106	957.15	871.41	678.41	418.17
Other Receivables	22.07	19.68	94.02	42.77	32.66	11.35
Receivables	988.35	1,126	1,051	914.18	711.06	429.52
Inventory	430.32	447.19	413.9	309.09	339.73	258.43
Prepaid Expenses	-	-	-	-	1.24	-
Other Current Assets	77.4	49.53	13.29	13.02	11.75	21.1
Total Current Assets	2,322	2,141	2,045	1,753	1,611	1,197
Property, Plant & Equipment	1,297	1,284	1,151	892.35	501.71	356.91
Long-Term Investments	28.06	28.24	11.59	-	-	-
Other Intangible Assets	64.2	65.38	71.47	65.64	70.27	42.04
Long-Term Deferred Tax Assets	34.11	41.09	25.21	13.78	8.99	4.38
Long-Term Deferred Charges	9.03	9.86	7.61	5.6	1.57	1.17
Other Long-Term Assets	21.79	19.36	18.4	153.4	41.65	20.64
Total Assets	3,776	3,589	3,330	2,884	2,235	1,622
Accounts Payable	368.35	489.88	453.02	361.94	363.91	223.88
Accrued Expenses	53.91	106.86	195.98	174.1	105.88	67.89
Short-Term Debt	451.27	457.26	304.96	327.26	433.76	254.04
Current Portion of Long-Term Debt	33.13	32.02	115.16	12.03	9.94	-
Current Portion of Leases	-	-	7.32	7.34	7.7	2.92
Current Income Taxes Payable	17.76	53.52	19.36	24.72	3.65	1.1
Current Unearned Revenue	20.95	19.08	11.67	26.17	7.24	17.54
Other Current Liabilities	116.9	125.51	80.93	48.89	51.93	17.67
Total Current Liabilities	1,062	1,284	1,188	982.46	984.01	585.03
Long-Term Debt	834.44	525.36	520.94	574.14	138.05	-
Long-Term Leases	52.86	37.26	14.05	9.02	7.15	4.03
Other Long-Term Liabilities	7.16	7.16	6.68	13.73	2.6	2.48
Total Liabilities	1,957	1,854	1,730	1,579	1,132	591.54
Common Stock	164.99	162.86	162.85	160	160	160
Additional Paid-In Capital	918.13	866.16	840.21	721.33	698.73	698.73
Retained Earnings	697.96	673.64	564.32	378.74	248.55	180.59
Comprehensive Income & Other	34.47	27.05	23.69	40.88	-5.85	-9.99
Total Common Equity	1,816	1,730	1,591	1,301	1,101	1,029
Minority Interest	3.7	5.03	9.11	3.87	1.86	1.21
Shareholders' Equity	1,819	1,735	1,600	1,305	1,103	1,031
Total Liabilities & Equity	3,776	3,589	3,330	2,884	2,235	1,622
Total Debt	1,372	1,052	962.43	929.78	596.6	260.99
Net Cash (Debt)	-545.58	-533.64	-396.25	-412.67	-49.46	226.91
Net Cash Growth	-	-	-	-	-	162.81%
Net Cash Per Share	-3.04	-2.98	-2.22	-2.57	-0.31	1.53
Filing Date Shares Outstanding	162.15	162.86	162.85	160	160	160
Total Common Shares Outstanding	162.15	162.86	162.85	160	160	160
Working Capital	1,260	856.68	856.15	770.95	626.91	611.9
Book Value Per Share	11.20	10.62	9.77	8.13	6.88	6.43
Tangible Book Value	1,751	1,664	1,520	1,235	1,031	987.29
Tangible Book Value Per Share	10.80	10.22	9.33	7.72	6.44	6.17
Land	-	-	0.9	0.96	0.93	0.88
Buildings	-	-	551.66	294.65	265.99	261.6
Machinery	-	-	917.14	603.78	380.13	322.71
Construction In Progress	-	-	88.68	345.17	157.86	45.27

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