SHA:688548 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	100.87	81.58	103.56	788.48	79.2	282.61
Short-Term Investments	-	-	621.77	1,673	-	-
Trading Asset Securities	1,027	1,167	-	-	-	-
Cash & Short-Term Investments	1,128	1,249	725.33	2,462	79.2	282.61
Cash Growth	-24.98%	72.17%	-70.54%	3008.31%	-71.97%	145.75%
Accounts Receivable	583.88	539.91	494.76	351.04	298.39	207.7
Other Receivables	22.98	14.4	192.29	118.38	41.24	26.43
Receivables	606.86	554.31	687.05	469.42	339.63	234.13
Inventory	274.12	243.98	241.74	185.32	111.25	123.67
Other Current Assets	398.46	398.51	843.93	35.66	21.31	24.36
Total Current Assets	2,407	2,446	2,498	3,152	551.39	664.77
Property, Plant & Equipment	5,267	5,175	4,147	2,884	2,119	1,296
Long-Term Investments	117.19	72.64	31.44	16.59	8	8
Goodwill	562.91	562.91	562.91	562.91	562.91	562.91
Other Intangible Assets	405.52	413.35	397.34	394.32	397.18	410.27
Long-Term Deferred Tax Assets	63.93	57.25	31.39	25.37	14.22	2.5
Long-Term Deferred Charges	54.01	53.04	45.61	12.79	17.36	7.34
Other Long-Term Assets	122.33	128.29	230.03	205.01	93.58	129.59
Total Assets	9,000	8,908	7,944	7,253	3,764	3,081
Accounts Payable	494.75	617.34	617.83	397.21	405	234.5
Accrued Expenses	24.33	45.45	58.28	61.42	61.9	46.87
Short-Term Debt	613.3	641.87	176.36	17.49	142.83	35.55
Current Portion of Long-Term Debt	480.77	410.78	211.17	165.97	56.35	19.24
Current Portion of Leases	-	-	3.93	2.96	1.98	0.58
Current Income Taxes Payable	45.39	48.21	8.56	31.28	33.54	13.14
Current Unearned Revenue	29.38	10.73	49.76	40.78	19.47	32.5
Other Current Liabilities	49.9	38.49	39.68	28.13	26.1	82.15
Total Current Liabilities	1,738	1,813	1,166	745.22	747.18	464.53
Long-Term Debt	930.94	856.58	738.75	592.09	606.35	381.45
Long-Term Leases	19.14	19.83	20.79	21.38	1.54	0.82
Long-Term Unearned Revenue	127.87	127.76	102.88	90.35	0.71	0.76
Long-Term Deferred Tax Liabilities	50.49	51.02	54.47	38.2	53.63	36.41
Total Liabilities	2,866	2,868	2,082	1,487	1,409	883.98
Common Stock	1,319	1,319	1,319	1,319	989.55	989.55
Additional Paid-In Capital	3,479	3,479	3,479	3,480	742	742
Retained Earnings	1,262	1,171	993.86	901.59	581.99	430.64
Treasury Stock	-0.37	-0.37	-0.37	-	-	-
Comprehensive Income & Other	33.84	32.3	31.96	29.36	21.01	17.95
Total Common Equity	6,094	6,001	5,824	5,730	2,335	2,180
Minority Interest	39.29	39.49	37.52	35.9	19.54	16.96
Shareholders' Equity	6,133	6,040	5,862	5,766	2,354	2,197
Total Liabilities & Equity	9,000	8,908	7,944	7,253	3,764	3,081
Total Debt	2,044	1,929	1,151	799.89	809.06	437.64
Net Cash (Debt)	-916.45	-680.24	-425.66	1,662	-729.85	-155.04
Net Cash Per Share	-0.72	-0.52	-0.33	1.51	-0.74	-0.19
Filing Date Shares Outstanding	1,311	1,182	1,319	1,319	989.55	989.55
Total Common Shares Outstanding	1,311	1,182	1,319	1,319	989.55	989.55
Working Capital	669.32	632.76	1,332	2,407	-195.78	200.23
Book Value Per Share	4.65	5.08	4.42	4.34	2.36	2.20
Tangible Book Value	5,126	5,024	4,864	4,773	1,374	1,207
Tangible Book Value Per Share	3.91	4.25	3.69	3.62	1.39	1.22
Buildings	-	-	297.57	298.36	179.76	131.5
Machinery	-	-	3,348	2,286	1,508	1,254
Construction In Progress	-	-	875.07	572.08	636.1	93.43

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