SHA:688570 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	2,226	2,537	2,914	2,817	461.1	191.69
Trading Asset Securities	0.25	0.25	0.28	0.29	-	-
Cash & Short-Term Investments	2,226	2,538	2,914	2,817	461.1	191.69
Cash Growth	-14.30%	-12.92%	3.45%	510.88%	140.55%	574748.51%
Accounts Receivable	1,511	1,580	1,743	1,651	1,336	1,179
Other Receivables	9.46	28.83	22.34	10.14	10.94	11.07
Receivables	1,520	1,609	1,766	1,661	1,347	1,191
Inventory	649.24	581.2	533.35	550.89	475.83	393.61
Prepaid Expenses	-	3.62	1.11	-	3.36	0.82
Other Current Assets	268.47	33.75	45.96	18.7	22.17	21.77
Total Current Assets	4,664	4,765	5,260	5,047	2,309	1,798
Property, Plant & Equipment	445.19	442.45	377.26	303.98	282.95	230.85
Long-Term Investments	440.83	452.21	46.51	-	-	8.17
Other Intangible Assets	91.89	91.51	82.96	77.43	60.17	59.53
Long-Term Deferred Tax Assets	30.64	32.08	22.21	22.27	17.51	13.34
Long-Term Deferred Charges	11.95	12.02	5.41	2.64	2.27	-
Other Long-Term Assets	58.73	55.33	34.67	15.79	8.47	13.26
Total Assets	5,743	5,850	5,829	5,470	2,681	2,124
Accounts Payable	1,115	1,129	920.68	812.76	566.74	443.73
Accrued Expenses	21.61	86.86	166.25	157.44	141.25	154.27
Current Portion of Long-Term Debt	31.76	-	-	-	-	-
Current Portion of Leases	-	7.7	11.63	4.91	4.11	1.61
Current Income Taxes Payable	11.43	0.82	-	9.27	11.35	15.26
Current Unearned Revenue	25.46	26.75	55.7	12.79	43.82	47.32
Other Current Liabilities	158.84	231.28	266.06	241.65	266.99	249.05
Total Current Liabilities	1,364	1,482	1,420	1,239	1,034	911.23
Long-Term Leases	9.91	11.81	18.55	2.35	3.72	1.21
Long-Term Unearned Revenue	53.91	54.89	11.3	9.74	11.94	13.04
Long-Term Deferred Tax Liabilities	-	-	-	1.2	1.11	-
Other Long-Term Liabilities	-	-	34.53	40.9	36.72	59.12
Total Liabilities	1,428	1,549	1,485	1,293	1,088	984.6
Common Stock	433	433	433	433	360	360
Additional Paid-In Capital	2,787	2,787	2,787	2,787	701.05	642.45
Retained Earnings	1,081	1,068	1,113	946.88	522.37	125.8
Comprehensive Income & Other	14.51	13.53	11.44	9.97	9.5	10.77
Shareholders' Equity	4,315	4,302	4,344	4,177	1,593	1,139
Total Liabilities & Equity	5,743	5,850	5,829	5,470	2,681	2,124
Total Debt	41.67	19.51	30.18	7.26	7.83	2.82
Net Cash (Debt)	2,184	2,518	2,884	2,810	453.27	188.87
Net Cash Growth	-15.02%	-12.68%	2.65%	519.83%	139.99%	-
Net Cash Per Share	5.25	5.92	6.62	7.08	1.26	0.52
Filing Date Shares Outstanding	410.73	433	433	433	360	360.37
Total Common Shares Outstanding	410.73	433	433	433	360	360.37
Working Capital	3,299	3,283	3,840	3,809	1,275	887.23
Book Value Per Share	10.51	9.93	10.03	9.65	4.42	3.16
Tangible Book Value	4,223	4,210	4,262	4,099	1,533	1,079
Tangible Book Value Per Share	10.28	9.72	9.84	9.47	4.26	3.00
Buildings	-	186.47	173.42	171.67	168.71	167.44
Machinery	-	362.56	260.35	213.17	158.05	112.61
Construction In Progress	-	28.49	35.84	10.13	24.5	7.43

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