SHA:688543 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	1,189	1,518	1,323	1,828	340.93	377.36
Trading Asset Securities	-	-	30.18	-	-	-
Cash & Short-Term Investments	1,189	1,518	1,353	1,828	340.93	377.36
Cash Growth	-21.84%	12.20%	-25.96%	436.06%	-9.65%	110.88%
Accounts Receivable	520.5	568.53	612.7	268.43	252.49	167.38
Other Receivables	2.87	0.73	0.91	2.4	1.52	0.19
Receivables	523.38	569.26	613.61	270.83	254.01	167.57
Inventory	227.19	200.66	202.77	232.06	263.83	165.27
Prepaid Expenses	-	-	-	0.7	-	0
Other Current Assets	179.45	34.09	52.14	37.97	51.52	11.67
Total Current Assets	2,119	2,322	2,222	2,369	910.3	721.86
Property, Plant & Equipment	785.79	784.26	767.7	757.36	748.58	657.3
Goodwill	1.31	1.31	1.31	1.31	1.31	1.31
Other Intangible Assets	142.53	143.02	145.53	92.16	94.3	92.58
Long-Term Deferred Tax Assets	29.74	28.66	19.62	15.75	14.68	11.57
Long-Term Deferred Charges	0.35	0.38	0.47	1.29	1.66	2.06
Other Long-Term Assets	35.85	36.03	2.92	10.01	2.85	2.15
Total Assets	3,116	3,316	3,159	3,247	1,774	1,489
Accounts Payable	491.66	683.54	641.03	539.28	440.48	330.3
Accrued Expenses	68.92	105.2	81.86	81.49	44.19	30.2
Short-Term Debt	-	-	-	10.01	44.6	119.13
Current Portion of Long-Term Debt	1.06	-	40.08	40.13	62.49	49.83
Current Portion of Leases	-	1.19	0.5	0.15	0.27	1.78
Current Income Taxes Payable	23.75	26.07	17.69	11.46	11.06	3.61
Current Unearned Revenue	16.09	16.89	19.54	185.55	105.91	93.58
Other Current Liabilities	14.54	19.12	15.56	12.07	63.54	16.8
Total Current Liabilities	616.01	852.02	816.25	880.15	772.54	645.23
Long-Term Debt	5.49	-	20	60	300.75	264.91
Long-Term Leases	2.6	2.86	1.03	1.32	1.03	-
Long-Term Unearned Revenue	27.45	28.01	19.85	20.57	11.15	8.72
Long-Term Deferred Tax Liabilities	3.05	3.16	3.08	3.43	3.84	-
Other Long-Term Liabilities	0.03	0.03	0.94	1.04	1.07	3.03
Total Liabilities	654.63	886.08	861.16	966.51	1,090	921.89
Common Stock	208.84	208.84	175.7	146.67	110	110
Additional Paid-In Capital	1,587	1,578	1,645	1,671	264.49	264.49
Retained Earnings	612.95	593.21	503.24	420.64	279.96	169.48
Treasury Stock	-	-	-76.15	-	-	-
Comprehensive Income & Other	38.17	34.84	31.72	28.92	21.92	18.64
Total Common Equity	2,447	2,414	2,279	2,267	676.36	562.61
Minority Interest	14.57	15.24	18.76	13.54	6.93	4.33
Shareholders' Equity	2,461	2,430	2,298	2,281	683.29	566.94
Total Liabilities & Equity	3,116	3,316	3,159	3,247	1,774	1,489
Total Debt	9.15	4.05	61.61	111.61	409.14	435.66
Net Cash (Debt)	1,179	1,514	1,291	1,716	-68.21	-58.3
Net Cash Growth	-20.26%	17.23%	-24.74%	-	-	-
Net Cash Per Share	5.55	7.24	6.17	9.25	-0.43	-0.40
Filing Date Shares Outstanding	219.4	208.84	208.84	211.2	158.4	144.84
Total Common Shares Outstanding	219.4	208.84	208.84	211.2	158.4	144.84
Working Capital	1,503	1,470	1,405	1,489	137.76	76.63
Book Value Per Share	11.15	11.56	10.91	10.73	4.27	3.88
Tangible Book Value	2,303	2,270	2,132	2,173	580.75	468.72
Tangible Book Value Per Share	10.50	10.87	10.21	10.29	3.67	3.24
Buildings	-	605.59	573.66	567.88	524.6	358.88
Machinery	-	455.47	416.38	342.88	309.92	235.04
Construction In Progress	-	18.64	31.23	50.87	75.06	191.85

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