SHA:688585 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	399.6	304.48	270.55	358.71	188.7	186.08
Short-Term Investments	-	-	-	127.31	-	-
Trading Asset Securities	0.46	30.01	-	0.01	-	-
Cash & Short-Term Investments	400.06	334.49	270.55	486.03	188.7	186.08
Cash Growth	74.59%	23.63%	-44.33%	157.56%	1.41%	-24.64%
Accounts Receivable	878.01	1,012	763.98	652.3	1,022	1,057
Other Receivables	43.54	38.94	2.14	2.17	2.28	1.94
Receivables	921.55	1,051	766.12	654.48	1,024	1,059
Inventory	231.64	186.15	179.84	123.64	115.29	182.09
Other Current Assets	147.92	155.11	25.01	14.87	11.23	16.66
Total Current Assets	1,701	1,726	1,242	1,279	1,339	1,444
Property, Plant & Equipment	281.37	287.89	280.39	258.92	238.37	249.08
Long-Term Investments	163.27	208.44	381.36	203.28	208.64	210.39
Other Intangible Assets	39.47	40.15	41.39	30.46	32.18	34.03
Long-Term Deferred Tax Assets	23.85	19.84	15.28	12.46	5.03	11.8
Long-Term Deferred Charges	32.1	32.21	0.05	0.11	0.17	0.47
Total Assets	2,241	2,315	1,960	1,784	1,824	1,950
Accounts Payable	515.87	541.88	380.79	307.58	297.68	585.45
Accrued Expenses	22.5	73.46	50.52	46.51	35.02	36.74
Short-Term Debt	9.9	-	5.18	-	144.42	233.16
Current Portion of Long-Term Debt	10.18	0.42	0.37	-	-	-
Current Portion of Leases	-	7.4	3.35	4.25	3.42	3.38
Current Income Taxes Payable	32.19	24.42	17.32	25.92	14.27	3.73
Current Unearned Revenue	8.82	4.32	4.87	1.76	19	6.49
Other Current Liabilities	282.4	279.65	212.08	179.63	159.51	22.35
Total Current Liabilities	881.86	931.54	674.48	565.66	673.34	891.3
Long-Term Debt	7.34	7.1	7.04	-	-	-
Long-Term Leases	27.1	25.52	8.01	1.48	3.93	5.51
Total Liabilities	936.51	964.15	689.53	567.14	677.27	896.82
Common Stock	403.36	403.36	403.36	403.27	403.2	403.2
Additional Paid-In Capital	372.96	365.2	324.49	324.95	324.16	323.39
Retained Earnings	486.22	527.28	498.7	434.22	372.16	288.01
Comprehensive Income & Other	38.03	50.76	39.56	51.08	46.96	38.23
Total Common Equity	1,301	1,347	1,266	1,214	1,146	1,053
Minority Interest	4.15	4.16	4.35	3.58	-	-
Shareholders' Equity	1,305	1,351	1,270	1,217	1,146	1,053
Total Liabilities & Equity	2,241	2,315	1,960	1,784	1,824	1,950
Total Debt	54.52	40.43	23.95	5.74	151.78	242.05
Net Cash (Debt)	345.54	294.06	246.6	480.29	36.93	-55.97
Net Cash Growth	80.64%	19.25%	-48.66%	1200.69%	-	-
Net Cash Per Share	0.82	0.72	0.61	1.22	0.09	-0.13
Filing Date Shares Outstanding	410.69	403.36	403.36	403.27	403.2	403.2
Total Common Shares Outstanding	410.69	403.36	403.36	403.27	403.2	403.2
Working Capital	819.32	794.84	567.04	713.36	666.02	552.58
Book Value Per Share	3.17	3.34	3.14	3.01	2.84	2.61
Tangible Book Value	1,261	1,306	1,225	1,183	1,114	1,019
Tangible Book Value Per Share	3.07	3.24	3.04	2.93	2.76	2.53
Buildings	-	204.32	202.21	164.07	164.05	159.04
Machinery	-	342.45	309.03	284.67	271.36	259.68
Construction In Progress	-	3.21	22.53	43.57	12.6	15.4

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