SHA:688561 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	1,597	1,674	1,629	2,069	1,409	2,973
Short-Term Investments	-	-	173.89	169.48	-	-
Cash & Short-Term Investments	1,597	1,674	1,803	2,239	1,409	2,973
Cash Growth	45.77%	-7.14%	-19.46%	58.91%	-52.62%	-43.62%
Accounts Receivable	5,113	5,285	6,175	7,083	5,548	3,945
Other Receivables	206.97	211.96	0.97	0.97	219.59	233.64
Receivables	5,320	5,497	6,177	7,084	5,767	4,179
Inventory	860.22	818.37	804.76	867.57	809.05	814.93
Prepaid Expenses	-	-	0.95	0.47	20.23	-
Other Current Assets	398.7	388.65	406.12	338.07	219.33	329.25
Total Current Assets	8,176	8,378	9,192	10,529	8,225	8,297
Property, Plant & Equipment	1,480	1,476	1,593	1,615	1,671	1,761
Long-Term Investments	2,133	2,184	2,224	2,097	1,892	1,537
Goodwill	1,198	1,198	1,435	1,584	1,584	1,584
Other Intangible Assets	48.58	50.63	85.73	110.32	139.51	148.61
Long-Term Deferred Tax Assets	320.58	310.42	253.89	185.64	105.13	-
Long-Term Deferred Charges	39.09	53.41	71.71	116.69	95.34	100.63
Other Long-Term Assets	17	18.34	12.24	20.85	24.49	39.24
Total Assets	13,412	13,669	14,867	16,265	13,759	13,483
Accounts Payable	1,961	2,030	2,037	2,010	1,536	1,423
Accrued Expenses	63.75	73.84	773.71	901.72	953.99	984.65
Short-Term Debt	2,043	1,800	2,057	1,760	246.61	29.47
Current Portion of Long-Term Debt	146.85	81.42	185.15	0.09	-	-
Current Portion of Leases	-	-	142.46	126.54	104.93	107.48
Current Income Taxes Payable	388.77	537.14	2.13	13.99	14.76	1.99
Current Unearned Revenue	160.93	248.44	173.31	332.31	173.6	250.59
Other Current Liabilities	378.87	404.82	322.72	258.52	211.23	177.44
Total Current Liabilities	5,143	5,176	5,693	5,403	3,241	2,974
Long-Term Debt	713.05	557.45	-	100	-	-
Long-Term Leases	105.89	91.78	198.54	330.18	327.31	377.48
Long-Term Unearned Revenue	26.17	30.24	38.92	54.42	75.68	96.26
Long-Term Deferred Tax Liabilities	10.13	10.64	13.71	23.6	14.5	13.74
Other Long-Term Liabilities	328.77	330.08	131.19	172.84	130.68	110.66
Total Liabilities	6,327	6,196	6,076	6,084	3,789	3,572
Common Stock	682.25	682.25	685.17	685.17	682.09	682.08
Additional Paid-In Capital	12,308	12,307	12,489	12,488	12,366	12,196
Retained Earnings	-5,978	-5,590	-4,303	-2,923	-2,996	-3,054
Treasury Stock	-	-	-152.01	-152.01	-152.01	-
Comprehensive Income & Other	48.24	47.99	49.16	64.97	53.64	71.68
Total Common Equity	7,061	7,448	8,769	10,163	9,954	9,896
Minority Interest	24.02	25.4	23.01	19.2	16	14.49
Shareholders' Equity	7,085	7,473	8,792	10,182	9,970	9,911
Total Liabilities & Equity	13,412	13,669	14,867	16,265	13,759	13,483
Total Debt	3,008	2,531	2,583	2,317	678.85	514.43
Net Cash (Debt)	-1,411	-856.17	-779.83	-77.82	730	2,459
Net Cash Growth	-	-	-	-	-70.31%	-53.25%
Net Cash Per Share	-2.07	-1.26	-1.14	-0.11	1.01	3.63
Filing Date Shares Outstanding	680.89	667.96	682.25	682.25	679.17	682.08
Total Common Shares Outstanding	680.89	667.96	682.25	682.25	679.17	682.08
Working Capital	3,033	3,202	3,499	5,127	4,984	5,322
Book Value Per Share	10.37	11.15	12.85	14.90	14.66	14.51
Tangible Book Value	5,814	6,199	7,248	8,468	8,230	8,163
Tangible Book Value Per Share	8.54	9.28	10.62	12.41	12.12	11.97
Buildings	-	-	1,103	1,103	1,102	1,036
Machinery	-	-	938.09	797.3	732.21	609.47
Construction In Progress	-	-	98.93	-	-	49.64

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