SHA:688566 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	689.16	781.32	847.48	694.87	903.9	1,025
Trading Asset Securities	81.09	37.03	56	35	90	200
Cash & Short-Term Investments	770.25	818.36	903.48	729.87	993.9	1,225
Cash Growth	-16.87%	-9.42%	23.79%	-26.57%	-18.87%	-4.84%
Accounts Receivable	401.84	366.28	300.75	369.15	216.21	146.6
Other Receivables	0.44	1.39	0.05	0.03	0.02	-
Receivables	402.28	367.66	300.8	369.17	216.23	146.6
Inventory	36.78	34.07	30.7	29.51	32.66	31.83
Other Current Assets	47.07	34.47	69.46	2.59	13.98	2.62
Total Current Assets	1,256	1,255	1,304	1,131	1,257	1,406
Property, Plant & Equipment	1,040	1,031	986.86	832.49	552.21	271.51
Long-Term Investments	84.47	85.94	79.79	126.19	61.74	56.63
Goodwill	35.33	35.33	-	-	-	-
Other Intangible Assets	57.59	58.03	56.69	58.2	59.74	61.28
Long-Term Deferred Tax Assets	24.35	22.64	17.93	16.13	15.59	11.72
Long-Term Deferred Charges	63.28	59.74	32.14	1.13	2.18	3.25
Other Long-Term Assets	161.71	170.19	49.69	44.38	16.34	8.21
Total Assets	2,723	2,717	2,528	2,210	1,965	1,819
Accounts Payable	64.35	74.29	97.15	91.22	101.67	69.92
Accrued Expenses	11.36	25.27	45.73	86.79	53.49	35.3
Short-Term Debt	1.68	16.52	20.83	9.91	-	-
Current Income Taxes Payable	27.77	34.07	2.01	0.19	6.09	5.19
Current Unearned Revenue	5.05	6.4	0.95	1.81	3.42	1.51
Other Current Liabilities	24.09	20.47	18.53	20.39	16.69	12.14
Total Current Liabilities	134.31	177.01	185.19	210.31	181.36	124.06
Long-Term Debt	-	2.2	-	-	-	-
Long-Term Unearned Revenue	58.71	58.39	58.59	59.04	58.85	59.7
Long-Term Deferred Tax Liabilities	3.09	3.23	3.25	3.25	3.4	-
Other Long-Term Liabilities	26.64	26.64	26.64	26.64	26.64	26.64
Total Liabilities	222.75	267.47	273.68	299.25	270.24	210.4
Common Stock	199.43	199.43	199.43	189.08	186.94	186.94
Additional Paid-In Capital	1,332	1,323	1,299	1,082	1,042	1,021
Retained Earnings	949.67	907.68	749.77	633.4	459.17	394.24
Comprehensive Income & Other	0.07	0.01	-	-	-	-
Total Common Equity	2,481	2,430	2,249	1,905	1,688	1,602
Minority Interest	18.6	19.6	5.23	5.58	5.9	6.31
Shareholders' Equity	2,500	2,450	2,254	1,910	1,694	1,608
Total Liabilities & Equity	2,723	2,717	2,528	2,210	1,965	1,819
Total Debt	1.68	18.72	20.83	9.91	-	-
Net Cash (Debt)	768.56	799.64	882.65	719.96	993.9	1,225
Net Cash Growth	-14.87%	-9.40%	22.60%	-27.56%	-18.87%	-4.84%
Net Cash Per Share	3.84	4.00	4.55	3.84	5.33	6.50
Filing Date Shares Outstanding	199.97	199.43	199.43	189.08	186.94	186.94
Total Common Shares Outstanding	199.97	199.43	199.43	189.08	186.94	186.94
Working Capital	1,122	1,078	1,119	920.84	1,075	1,282
Book Value Per Share	12.41	12.18	11.28	10.07	9.03	8.57
Tangible Book Value	2,389	2,337	2,192	1,847	1,629	1,541
Tangible Book Value Per Share	11.94	11.72	10.99	9.77	8.71	8.24
Buildings	-	-	142.66	142.66	142.52	142.52
Machinery	-	-	75.26	74.81	73.37	72.78
Construction In Progress	-	-	917.62	754.62	466.36	175.48

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