SHA:688535 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	195.77	568.58	56.03	36.38	80.82	87.87
Trading Asset Securities	131.53	50.24	-	-	-	2.01
Cash & Short-Term Investments	327.29	618.82	56.03	36.38	80.82	89.88
Cash Growth	1406.16%	1004.42%	54.02%	-54.98%	-10.09%	1824.63%
Accounts Receivable	465.97	439.15	217.73	191.19	192.6	218.51
Other Receivables	2.04	1.72	0.27	0.24	0.19	0.05
Receivables	468.01	440.87	218	191.43	192.79	218.57
Inventory	188.24	177.74	82.89	79.65	66.45	68.93
Other Current Assets	58.1	240.21	3.24	12.33	6.45	0.92
Total Current Assets	1,042	1,478	360.17	319.79	346.51	378.3
Property, Plant & Equipment	484.21	477.82	250.6	189.77	138.65	97.8
Long-Term Investments	-	-	744.67	673.82	-	-
Goodwill	992.71	992.71	-	-	-	-
Other Intangible Assets	167.97	172.39	29.32	29.97	12.52	12.78
Long-Term Deferred Tax Assets	16.29	15.82	5.09	3.88	2.48	3.29
Long-Term Deferred Charges	3.39	0.8	0.61	0.82	0.24	0.42
Other Long-Term Assets	359.71	21.11	12.19	12.41	5.31	3.83
Total Assets	3,066	3,158	1,403	1,230	505.71	496.41
Accounts Payable	147.39	137.05	61.31	67.72	63.09	62.4
Accrued Expenses	11.59	22.98	10.85	6.3	8.5	11.26
Short-Term Debt	8.19	73.07	10.75	52.13	-	1.12
Current Portion of Long-Term Debt	30.73	25.8	58.81	-	-	-
Current Income Taxes Payable	3.83	6.74	1.82	3.55	0.07	2.63
Current Unearned Revenue	1.14	1.31	0.27	0.04	0.02	0.15
Other Current Liabilities	79.58	71.63	48.36	42.33	44.56	64.14
Total Current Liabilities	282.45	338.58	192.17	172.06	116.24	141.7
Long-Term Debt	523.27	573.1	141.4	-	-	-
Long-Term Leases	0.93	1.17	-	-	-	-
Long-Term Unearned Revenue	42.92	43.13	29.73	30.75	10.64	11.06
Long-Term Deferred Tax Liabilities	27.47	28.38	-	-	-	0
Other Long-Term Liabilities	0.09	0.09	-	0.37	-	-
Total Liabilities	877.12	984.46	363.3	203.19	126.88	152.75
Common Stock	96.01	96.01	80.7	80.7	60.52	60.52
Additional Paid-In Capital	1,905	1,902	803.31	798.95	186.19	186.19
Retained Earnings	177.13	163.6	155.41	147.62	132.13	96.95
Treasury Stock	-22.62	-22.62	-	-	-	-
Comprehensive Income & Other	33.22	34.75	-0.35	-	-	-
Total Common Equity	2,189	2,174	1,039	1,027	378.83	343.66
Minority Interest	0.05	0.09	0.28	-	-	-
Shareholders' Equity	2,189	2,174	1,039	1,027	378.83	343.66
Total Liabilities & Equity	3,066	3,158	1,403	1,230	505.71	496.41
Total Debt	563.12	673.14	210.95	52.13	-	1.12
Net Cash (Debt)	-235.83	-54.32	-154.92	-15.75	80.82	88.77
Net Cash Growth	-	-	-	-	-8.96%	-
Net Cash Per Share	-2.65	-0.67	-1.31	-0.14	0.90	1.22
Filing Date Shares Outstanding	96.62	82.76	118.85	119.43	89.56	89.56
Total Common Shares Outstanding	96.62	82.76	119.43	119.43	89.56	89.56
Working Capital	759.19	1,139	168	147.73	230.27	236.6
Book Value Per Share	22.65	26.27	8.70	8.60	4.23	3.84
Tangible Book Value	1,028	1,009	1,010	997.3	366.32	330.88
Tangible Book Value Per Share	10.64	12.19	8.45	8.35	4.09	3.69
Buildings	-	-	156.44	97.96	57.03	55.89
Machinery	-	-	169.4	119.04	109.12	84.1
Construction In Progress	-	-	11.87	45.4	34.66	9.81

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