SHA:688569 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	1,705	1,593	1,418	1,518	1,236	1,375
Trading Asset Securities	-	-	201.77	-	-	-
Cash & Short-Term Investments	1,705	1,593	1,620	1,518	1,236	1,375
Cash Growth	9.29%	-1.64%	6.69%	22.82%	-10.13%	4.55%
Accounts Receivable	975.66	1,132	991.69	801.79	886.05	844.94
Other Receivables	5.81	5.57	3.91	8.41	6.55	7.36
Receivables	981.46	1,137	995.6	810.2	892.6	852.31
Inventory	481.1	437.53	350.63	512.06	469.99	382.72
Prepaid Expenses	-	-	-	4.46	-	-
Other Current Assets	27.23	26.41	40.82	50.62	33.26	30.14
Total Current Assets	3,195	3,194	3,007	2,895	2,632	2,640
Property, Plant & Equipment	636.03	637.16	632.63	664.87	624.82	434.12
Long-Term Investments	53.73	54.68	52.54	50.53	49.5	43.25
Other Intangible Assets	118.71	119.36	124.14	128.17	130.27	134.56
Long-Term Deferred Tax Assets	32.52	28.01	31.68	35	23.27	22.08
Long-Term Deferred Charges	0.72	0.83	1.37	2.54	2.62	3.72
Other Long-Term Assets	4.64	4.05	2.23	2.02	18.22	15.07
Total Assets	4,041	4,038	3,851	3,779	3,481	3,293
Accounts Payable	440.84	484.47	471.02	536.37	497.71	441.89
Accrued Expenses	39.46	40.56	32.82	31.24	36.5	31.91
Short-Term Debt	-	-	-	-	-	40.29
Current Portion of Leases	-	4.81	4.18	4	3.82	2.34
Current Income Taxes Payable	18.59	7.28	6.39	4.07	10.87	12.33
Current Unearned Revenue	0.9	0.84	1	0.81	16.48	5.1
Other Current Liabilities	24.61	32.51	20.26	37.43	41	119.46
Total Current Liabilities	529.97	570.46	535.68	613.91	606.38	653.33
Long-Term Leases	5.11	5.76	8.96	13.14	17.13	-
Long-Term Unearned Revenue	3.13	1.71	4.63	4.52	1.94	2.23
Long-Term Deferred Tax Liabilities	1.23	1.43	2.11	2.46	-	-
Total Liabilities	539.44	579.36	551.38	634.03	625.45	655.56
Common Stock	210.67	210.67	210.67	210.67	210.67	210.67
Additional Paid-In Capital	1,156	1,156	1,156	1,156	1,156	1,156
Retained Earnings	1,591	1,573	1,476	1,356	1,139	955.2
Comprehensive Income & Other	8.37	7.14	4.84	2.23	-	-
Total Common Equity	2,966	2,947	2,847	2,725	2,506	2,322
Minority Interest	535.36	511.83	452.47	419.04	348.81	315.87
Shareholders' Equity	3,502	3,459	3,300	3,145	2,855	2,638
Total Liabilities & Equity	4,041	4,038	3,851	3,779	3,481	3,293
Total Debt	10.68	10.57	13.14	17.13	20.95	42.63
Net Cash (Debt)	1,694	1,582	1,606	1,501	1,215	1,333
Net Cash Growth	9.64%	-1.49%	7.03%	23.53%	-8.83%	1.31%
Net Cash Per Share	7.95	7.48	7.65	7.13	5.74	6.35
Filing Date Shares Outstanding	223.53	210.67	210.67	210.67	210.67	210.67
Total Common Shares Outstanding	223.53	210.67	210.67	210.67	210.67	210.67
Working Capital	2,665	2,624	2,471	2,282	2,025	1,987
Book Value Per Share	13.27	13.99	13.52	12.94	11.90	11.02
Tangible Book Value	2,848	2,828	2,723	2,597	2,376	2,187
Tangible Book Value Per Share	12.74	13.42	12.93	12.33	11.28	10.38
Buildings	-	342.13	338.06	333.41	207.28	82.04
Machinery	-	679.31	641.48	592.97	430.1	319.01
Construction In Progress	-	68.09	26.02	30.91	213.96	239.38
Order Backlog	-	2,558	-	-	-	-

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