SHA:688578 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	1,346	674.54	586.99	1,862	470.49	615.36
Short-Term Investments	-	360	280	230	-	20
Trading Asset Securities	1,813	2,511	2,759	419.6	1,567	1,625
Cash & Short-Term Investments	3,159	3,546	3,626	2,512	2,037	2,260
Cash Growth	-13.43%	-2.23%	44.37%	23.29%	-9.86%	-12.78%
Accounts Receivable	481.78	375.6	389	260.17	150.85	14.83
Other Receivables	3.73	45.35	29.26	29.07	6.82	3.58
Receivables	485.51	420.96	418.26	289.24	157.68	18.42
Inventory	65.22	71.66	30.56	62.95	32.07	20.8
Prepaid Expenses	-	-	-	-	2.5	-
Other Current Assets	629.38	132.13	105.36	43.97	56.69	75.42
Total Current Assets	4,339	4,170	4,180	2,908	2,286	2,375
Property, Plant & Equipment	508.17	516.92	516.37	526.64	539.94	404.03
Long-Term Investments	203.73	180.49	244.4	145.26	52.73	38.37
Other Intangible Assets	171.77	175.23	65.38	66.49	68.45	67.29
Long-Term Deferred Tax Assets	-	-	0	-	11.5	-
Long-Term Deferred Charges	190.46	176.46	168.12	0.71	0.57	2.11
Other Long-Term Assets	3,174	2,685	741.45	729.5	482.76	243.79
Total Assets	8,587	7,905	5,916	4,376	3,442	3,130
Accounts Payable	118.02	13.11	27.39	13.25	5.15	1.75
Accrued Expenses	214.71	663.25	482.4	314.33	152.68	96.96
Current Portion of Leases	2.37	1.87	0.99	1.43	1.66	4.72
Current Income Taxes Payable	191.28	101.98	67.45	5.4	6.98	-
Current Unearned Revenue	15.23	4.21	-	-	0.1	0.18
Other Current Liabilities	284.66	21.2	22.37	55.62	88.04	52.51
Total Current Liabilities	826.26	805.62	600.6	390.03	254.62	156.12
Long-Term Leases	2.04	2.01	0.3	0.39	0.3	0.68
Long-Term Deferred Tax Liabilities	11.24	10.57	28.77	0.14	-	-
Other Long-Term Liabilities	3.27	3.27	3.65	3.65	0.2	0.2
Total Liabilities	842.81	821.48	633.32	394.22	255.12	156.99
Common Stock	450	450	450	450	450	450
Additional Paid-In Capital	3,284	3,279	3,254	3,175	3,100	3,031
Retained Earnings	3,867	3,230	1,401	264.02	-380.16	-510.68
Comprehensive Income & Other	143.32	123.57	177.89	93.63	17.61	3.25
Shareholders' Equity	7,744	7,083	5,283	3,982	3,187	2,973
Total Liabilities & Equity	8,587	7,905	5,916	4,376	3,442	3,130
Total Debt	4.41	3.89	1.3	1.82	1.96	5.39
Net Cash (Debt)	3,154	3,542	3,625	2,510	2,035	2,255
Net Cash Growth	-13.45%	-2.30%	44.42%	23.32%	-9.73%	-12.99%
Net Cash Per Share	7.00	7.86	8.06	5.57	4.52	4.94
Filing Date Shares Outstanding	450	450	450	450	450	450
Total Common Shares Outstanding	450	450	450	450	450	450
Working Capital	3,513	3,365	3,580	2,518	2,032	2,219
Book Value Per Share	17.21	15.74	11.74	8.85	7.08	6.61
Tangible Book Value	7,572	6,908	5,217	3,916	3,119	2,906
Tangible Book Value Per Share	16.83	15.35	11.59	8.70	6.93	6.46
Buildings	-	489.01	482.3	494.91	470.35	116.73
Machinery	-	214.95	182.95	132.04	140.27	88.34
Construction In Progress	-	1.21	5.19	18.58	13.8	266.57

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