SHA:688552 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	1,672	1,574	1,690	2,085	304.87	685.05
Cash & Short-Term Investments	1,672	1,574	1,690	2,085	304.87	685.05
Cash Growth	-3.36%	-6.88%	-18.95%	583.92%	-55.50%	-19.44%
Accounts Receivable	320.22	353.08	289.8	302.19	873.09	313.42
Other Receivables	1.02	3.92	24.58	17.08	1.72	-
Receivables	321.24	357	314.38	319.27	874.81	313.42
Inventory	744.14	701.86	531.53	387.26	441.73	439.92
Prepaid Expenses	-	33.58	40.49	-	-	-
Other Current Assets	107.07	53.58	58.12	46.32	18.45	13.33
Total Current Assets	2,845	2,720	2,635	2,838	1,640	1,452
Property, Plant & Equipment	452.46	460.19	461.93	305.69	77.2	65.1
Other Intangible Assets	97.46	98.5	101.5	95.87	95.34	96.7
Long-Term Deferred Tax Assets	51.41	49.76	35.35	8.53	6.54	3.74
Long-Term Deferred Charges	13.33	13.59	16.31	-	-	-
Other Long-Term Assets	6.06	2.18	3.16	22	32.18	-
Total Assets	3,465	3,344	3,253	3,270	1,851	1,617
Accounts Payable	484.99	524.56	398.15	450.4	612.53	636.06
Accrued Expenses	2.35	57.27	34.1	20.46	48.74	4.19
Current Portion of Leases	1.64	1.63	3.36	1.19	1.02	2.69
Current Income Taxes Payable	1.42	0.06	0.05	-	7.27	5.41
Current Unearned Revenue	261.77	62.42	143.6	117.9	211.98	99.04
Other Current Liabilities	22.19	9.83	14.91	8.58	10.95	33.07
Total Current Liabilities	777.61	655.77	594.16	598.52	892.48	780.46
Long-Term Leases	1.8	2.6	0.06	0.05	0.4	1.03
Long-Term Unearned Revenue	100.53	97.71	100.42	2.68	-	0.29
Long-Term Deferred Tax Liabilities	0.63	0.7	0.63	0.25	0.29	0.63
Other Long-Term Liabilities	2.19	2.19	0.31	0.32	0.33	0.3
Total Liabilities	882.76	758.96	695.58	601.83	893.5	782.71
Common Stock	337.25	337.25	337.25	337.25	252.94	252.94
Additional Paid-In Capital	1,628	1,628	1,628	1,628	55.72	55.72
Retained Earnings	600.4	604.28	572.33	681.59	626.35	507.43
Comprehensive Income & Other	16.79	15.55	19.59	21.3	22.6	18.47
Shareholders' Equity	2,582	2,585	2,557	2,668	957.61	834.56
Total Liabilities & Equity	3,465	3,344	3,253	3,270	1,851	1,617
Total Debt	6.7	4.23	3.42	1.24	1.42	3.73
Net Cash (Debt)	1,665	1,570	1,687	2,084	303.45	681.33
Net Cash Growth	-3.61%	-6.94%	-19.06%	586.71%	-55.46%	-19.88%
Net Cash Per Share	4.51	4.42	4.96	6.92	1.20	2.71
Filing Date Shares Outstanding	337.25	337.25	337.25	337.25	337.25	252.94
Total Common Shares Outstanding	337.25	337.25	337.25	337.25	252.94	252.94
Working Capital	2,067	2,064	2,040	2,239	747.37	671.27
Book Value Per Share	7.66	7.67	7.58	7.91	3.79	3.30
Tangible Book Value	2,485	2,487	2,456	2,572	862.27	737.86
Tangible Book Value Per Share	7.37	7.37	7.28	7.63	3.41	2.92
Buildings	-	358.1	335.55	45.99	45.99	45.99
Machinery	-	277.12	207.93	140.73	136.69	127.59
Construction In Progress	-	1.62	64.51	253.91	19.75	5.36

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