SHA:688545 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	216.25	436.19	126.58	194.71	435.32	643.72
Trading Asset Securities	75.07	100.29	-	-	-	-
Cash & Short-Term Investments	291.32	536.48	126.58	194.71	435.32	643.72
Cash Growth	-44.02%	323.81%	-34.99%	-55.27%	-32.38%	1025.98%
Accounts Receivable	383.44	279.15	190.95	170.33	143.41	138.28
Other Receivables	2.66	3.08	3.76	8.89	3.15	1.87
Receivables	386.1	282.23	194.71	179.22	146.56	140.15
Inventory	201.49	200.29	171.16	136.2	109.37	88.35
Prepaid Expenses	-	-	-	-	14.98	0
Other Current Assets	177.6	227	27.58	9.5	25.54	7.2
Total Current Assets	1,057	1,246	520.03	519.64	731.77	879.43
Property, Plant & Equipment	2,556	2,506	2,022	1,728	1,321	661.52
Long-Term Investments	313.84	316.5	150.97	123.82	109.65	101.43
Other Intangible Assets	341.23	218.81	224.14	222.79	100.52	88.22
Long-Term Deferred Tax Assets	14.73	24.8	53.25	71.5	87.38	9.08
Long-Term Deferred Charges	9.11	4.84	8.06	11.28	3.77	2.16
Other Long-Term Assets	86.73	99.89	16.19	21.88	22.96	12.14
Total Assets	4,379	4,417	2,994	2,698	2,377	1,754
Accounts Payable	870.54	1,088	811.47	711.5	571.85	258.1
Accrued Expenses	22.78	54.63	37.56	21.76	33.14	21.52
Short-Term Debt	6.3	0.24	55.25	30.22	-	23.54
Current Portion of Long-Term Debt	1.37	0.37	54.48	18.03	-	3.03
Current Portion of Leases	-	1.29	3.78	3.72	2.25	2.06
Current Income Taxes Payable	8.49	-	-	-	-	5.69
Current Unearned Revenue	4.63	5.55	2.42	1.66	2.69	1.03
Other Current Liabilities	16.51	17.17	11.13	33.91	35.41	25.6
Total Current Liabilities	930.62	1,167	976.08	820.8	645.33	340.58
Long-Term Debt	106.59	6.79	-	7	-	25.5
Long-Term Leases	0.07	0.08	4.32	7.76	5.71	7.64
Long-Term Unearned Revenue	-	89.78	77.5	82.43	67.94	58.06
Long-Term Deferred Tax Liabilities	33.44	34.7	40.2	44.58	47.77	2.18
Other Long-Term Liabilities	243.05	146.9	146.9	177.36	177.36	78.46
Total Liabilities	1,314	1,446	1,245	1,140	944.11	512.42
Common Stock	360	360	260	260	260	520
Additional Paid-In Capital	2,051	2,052	1,079	1,048	1,048	630.26
Retained Earnings	607.45	543.43	410.66	250.54	125.15	91.3
Comprehensive Income & Other	0.08	0.08	-	-	-	-
Total Common Equity	3,018	2,956	1,749	1,559	1,433	1,242
Minority Interest	46.8	15.63	-	-	-	-
Shareholders' Equity	3,065	2,971	1,749	1,559	1,433	1,242
Total Liabilities & Equity	4,379	4,417	2,994	2,698	2,377	1,754
Total Debt	114.33	8.77	117.83	66.74	7.95	61.77
Net Cash (Debt)	176.99	527.71	8.76	127.97	427.37	581.96
Net Cash Growth	-60.75%	5925.89%	-93.16%	-70.06%	-26.56%	-
Net Cash Per Share	0.50	1.51	0.03	0.50	1.65	-
Filing Date Shares Outstanding	360	360	360	260	260	-
Total Common Shares Outstanding	360	360	260	260	260	-
Working Capital	125.9	78.75	-456.05	-301.16	86.44	538.85
Book Value Per Share	8.38	8.21	6.73	5.99	5.51	-
Tangible Book Value	2,677	2,737	1,525	1,336	1,333	1,153
Tangible Book Value Per Share	7.44	7.60	5.87	5.14	5.13	-
Buildings	-	589.56	529.34	422.4	299.39	123.15
Machinery	-	1,810	1,616	1,313	830.44	389.56
Construction In Progress	-	649.22	262.55	246.02	357.21	269.88