SHA:688577 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	61.07	59.71	190.19	53.3	92.59	133.75
Trading Asset Securities	-	-	-	-	-	30
Cash & Short-Term Investments	61.07	59.71	190.19	53.3	92.59	163.75
Cash Growth	-44.26%	-68.60%	256.81%	-42.43%	-43.45%	-49.44%
Accounts Receivable	383.77	352.71	323.74	272.06	278.91	195.53
Other Receivables	3.26	55.35	1.73	3.46	36.22	27.92
Receivables	387.04	408.06	325.47	275.53	315.13	223.45
Inventory	388.5	376.84	399.74	369.84	343.73	301.64
Prepaid Expenses	-	-	-	0.05	-	-
Other Current Assets	17.56	12.43	12.21	23	14.16	19.67
Total Current Assets	854.16	857.05	927.61	721.71	765.62	708.51
Property, Plant & Equipment	692.82	665.88	619.33	599.7	494.04	436.3
Long-Term Investments	53.16	42.93	9.63	9.63	7.63	5.81
Goodwill	-	-	3.33	7.87	10.56	-
Other Intangible Assets	331.59	78.63	83.13	87.17	58.62	55.73
Long-Term Deferred Tax Assets	11.97	8.17	7.07	3.17	10.05	3.48
Long-Term Deferred Charges	8.91	7.51	5.53	6.25	5.77	3.89
Other Long-Term Assets	27.67	25.88	11.56	16.43	26.65	9.91
Total Assets	1,980	1,686	1,667	1,452	1,379	1,224
Accounts Payable	359.37	310.76	277.05	229.45	226.95	249.34
Accrued Expenses	21.11	42.28	43.66	40.57	39.02	28.13
Short-Term Debt	175.28	83.07	128.01	103.1	55.15	-
Current Portion of Long-Term Debt	3.93	6.39	6.96	6.33	-	-
Current Portion of Leases	-	-	0.9	1.83	2.6	1.01
Current Income Taxes Payable	18.32	11.65	2.54	0.27	1.85	1.75
Current Unearned Revenue	108.75	72.3	73.95	88	84.59	72.61
Other Current Liabilities	22.3	17.37	17.84	15.09	17.27	10.36
Total Current Liabilities	709.07	543.81	550.92	484.64	427.43	363.2
Long-Term Debt	90	-	5.37	12.79	-	-
Long-Term Leases	1.35	1.41	1.2	2.85	4.69	5.24
Long-Term Unearned Revenue	144.45	122.85	96.73	68.22	72.72	38.41
Long-Term Deferred Tax Liabilities	0.03	0.04	0.1	0.12	9.46	3.92
Total Liabilities	944.91	668.11	654.32	568.62	514.29	410.76
Common Stock	111.28	111.28	79.49	54.21	54.09	53.97
Additional Paid-In Capital	634.51	634.51	666.31	555.77	552.17	544.9
Retained Earnings	280.36	263.79	261.5	268.19	254.98	211.43
Comprehensive Income & Other	9.25	8.37	5.57	5.14	4.1	2.56
Total Common Equity	1,035	1,018	1,013	883.31	865.34	812.86
Minority Interest	-0.02	-0.02	-	-	-0.69	-
Shareholders' Equity	1,035	1,018	1,013	883.31	864.65	812.86
Total Liabilities & Equity	1,980	1,686	1,667	1,452	1,379	1,224
Total Debt	270.56	90.86	142.44	126.9	62.43	6.24
Net Cash (Debt)	-209.49	-31.15	47.75	-73.59	30.16	157.51
Net Cash Growth	-	-	-	-	-80.85%	-51.37%
Net Cash Per Share	-1.87	-0.28	0.45	-0.70	0.29	1.49
Filing Date Shares Outstanding	110.44	113.37	111.28	106.24	106.02	105.78
Total Common Shares Outstanding	110.44	113.37	111.28	106.24	106.02	105.78
Working Capital	145.09	313.24	376.69	237.08	338.19	345.3
Book Value Per Share	9.38	8.98	9.10	8.31	8.16	7.68
Tangible Book Value	703.81	939.33	926.41	788.27	796.16	757.13
Tangible Book Value Per Share	6.37	8.29	8.33	7.42	7.51	7.16
Buildings	-	-	397.54	268.19	257.84	186.79
Machinery	-	-	414.81	387.44	328.76	187.84
Construction In Progress	-	-	29.86	123.64	49.12	170.98

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