SHA:688559 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	1,865	2,219	1,656	1,059	1,615	921.12
Short-Term Investments	-	-	120.28	21.35	20	-
Trading Asset Securities	620.32	141.43	210.46	62.84	120.08	163.18
Cash & Short-Term Investments	2,485	2,361	1,987	1,143	1,755	1,084
Cash Growth	38.35%	18.81%	73.85%	-34.90%	61.90%	8.31%
Accounts Receivable	2,899	2,738	2,303	2,091	1,711	911.92
Other Receivables	105.07	30.05	25.82	45.05	30.79	24.57
Receivables	3,004	2,768	2,329	2,136	1,742	936.49
Inventory	5,451	4,854	3,956	4,852	3,434	1,880
Prepaid Expenses	-	-	4.64	31.9	10.02	-
Other Current Assets	736.79	862.23	468.53	392.87	230.63	380.66
Total Current Assets	11,677	10,846	8,745	8,555	7,172	4,281
Property, Plant & Equipment	2,220	2,235	1,879	1,706	1,293	1,025
Long-Term Investments	350.07	322.15	420.79	238.91	29.89	29.49
Goodwill	40.9	14.58	5.25	5.25	-	-
Other Intangible Assets	267.57	269.61	264.65	210.38	155.41	158.1
Long-Term Deferred Tax Assets	112.58	112.72	121.15	89.68	66.77	40.87
Long-Term Deferred Charges	45.31	48.34	46.22	53.69	56.02	57.38
Other Long-Term Assets	353.12	158.01	17.23	25.15	96.37	0.06
Total Assets	15,066	14,007	11,499	10,885	8,869	5,592
Accounts Payable	3,332	3,103	1,770	2,581	2,523	1,559
Accrued Expenses	119.24	114.57	142.29	248.21	185	91.91
Short-Term Debt	1,328	2,121	2,936	2,001	978.84	280.16
Current Portion of Long-Term Debt	833.61	770.75	114.82	123.48	118	122.5
Current Portion of Leases	-	-	29.19	48.66	45.04	15.67
Current Income Taxes Payable	65.51	55.27	-	0.05	26.75	5.97
Current Unearned Revenue	5,317	3,697	2,229	2,843	2,517	1,472
Other Current Liabilities	218.14	213.43	109.66	147.5	110.95	111.43
Total Current Liabilities	11,214	10,075	7,331	7,993	6,504	3,659
Long-Term Debt	1,246	1,397	824.39	405.17	198.81	286.79
Long-Term Leases	15.41	14.55	14.95	41.15	70.09	33.64
Long-Term Unearned Revenue	84.68	68.48	72.28	60.28	13.17	57.47
Long-Term Deferred Tax Liabilities	1.22	1.3	0.1	0.12	7.56	0.48
Other Long-Term Liabilities	48.22	37.69	38.49	41.97	37.01	17.23
Total Liabilities	12,609	11,594	8,281	8,542	6,831	4,054
Common Stock	247.76	247.76	246.6	203.96	201.73	200
Additional Paid-In Capital	2,158	2,132	2,151	1,119	992.45	872.15
Retained Earnings	89.76	64.55	944.1	1,127	845.85	465.45
Treasury Stock	-73.55	-73.55	-115.27	-105.17	-	-
Comprehensive Income & Other	-0.48	-0.87	0.36	-0.15	0.04	0.22
Total Common Equity	2,422	2,370	3,226	2,345	2,040	1,538
Minority Interest	35.09	42.06	-8.65	-2.34	-1.34	-0.25
Shareholders' Equity	2,457	2,412	3,218	2,343	2,039	1,538
Total Liabilities & Equity	15,066	14,007	11,499	10,885	8,869	5,592
Total Debt	3,423	4,303	3,920	2,619	1,411	738.76
Net Cash (Debt)	-938.2	-1,943	-1,933	-1,476	344.65	345.54
Net Cash Growth	-	-	-	-	-0.26%	40.63%
Net Cash Per Share	-3.81	-7.95	-9.01	-7.30	1.68	1.71
Filing Date Shares Outstanding	252.1	245.32	243.77	201.13	201.73	200
Total Common Shares Outstanding	252.1	245.32	243.77	201.13	201.73	200
Working Capital	462.97	770.43	1,414	562.18	668.13	622.48
Book Value Per Share	9.61	9.66	13.24	11.66	10.11	7.69
Tangible Book Value	2,113	2,086	2,957	2,129	1,885	1,380
Tangible Book Value Per Share	8.38	8.50	12.13	10.59	9.34	6.90
Buildings	-	-	1,613	1,119	896.42	521
Machinery	-	-	401.99	334.53	262.36	166.87
Construction In Progress	-	-	50.04	324.89	117.16	345.04
Order Backlog	-	-	7,200	-	-	-

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