SHA:688586 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	716.57	1,061	835.35	1,029	1,053	981.03
Short-Term Investments	-	-	-	-	450	-
Trading Asset Securities	301.23	-	421.61	483.86	101.15	530
Cash & Short-Term Investments	1,018	1,061	1,257	1,513	1,604	1,511
Cash Growth	-20.63%	-15.59%	-16.90%	-5.71%	6.17%	9.61%
Accounts Receivable	1,264	1,243	1,043	710.47	489.07	436.55
Other Receivables	4.72	0.08	1.36	0.32	4.57	0.49
Receivables	1,269	1,243	1,045	710.79	493.64	437.03
Inventory	575.06	538.12	550.36	581.38	699.9	685.46
Prepaid Expenses	-	4.16	4.95	2.25	13.03	1.54
Other Current Assets	14.13	7.5	32.38	50.5	70.45	155.36
Total Current Assets	2,876	2,854	2,889	2,858	2,881	2,790
Property, Plant & Equipment	587.31	570.01	588.8	595.91	590.28	524.69
Long-Term Investments	9.63	11.47	13.38	14.16	15.08	11.41
Other Intangible Assets	66.01	68.15	76.66	68.9	74.46	69.36
Long-Term Deferred Tax Assets	21.1	19.14	18.97	18.74	19.16	22.61
Long-Term Deferred Charges	12.52	12.86	11.19	3.1	2.85	3.42
Other Long-Term Assets	34.22	34.48	21.04	26.57	19.14	63.15
Total Assets	3,607	3,570	3,619	3,585	3,602	3,485
Accounts Payable	786.83	717.18	671.45	541.88	499.32	527.58
Accrued Expenses	14.17	65.52	77.93	68.16	87.74	57.32
Short-Term Debt	10	10	10	-	-	2.62
Current Portion of Long-Term Debt	3.88	-	-	-	0.9	-
Current Portion of Leases	-	0.97	3.26	2.11	1.15	1.62
Current Income Taxes Payable	7.08	-	-	-	-	-
Current Unearned Revenue	21.65	29.03	61.98	195.34	317.3	386.65
Other Current Liabilities	44.62	27.68	27.85	31.79	49.94	27.53
Total Current Liabilities	888.23	850.39	852.47	839.28	956.35	1,003
Long-Term Debt	-	-	-	-	2.1	-
Long-Term Leases	7.18	-	0.97	2.33	-	1.7
Long-Term Unearned Revenue	241.73	245.72	262.11	278.77	295.39	313.1
Pension & Post-Retirement Benefits	-	48.45	46.29	45.12	54.32	81.06
Long-Term Deferred Tax Liabilities	5.23	3.65	4.81	5.65	5.29	-
Other Long-Term Liabilities	-27.21	-53.44	-42.85	-63.25	-72.07	1.56
Total Liabilities	1,115	1,095	1,124	1,108	1,241	1,401
Common Stock	791.34	791.34	791.34	791.34	565.24	403.74
Additional Paid-In Capital	948.66	948.66	948.66	948.66	1,146	1,225
Retained Earnings	737.09	721.16	737.37	714.85	623.61	452.28
Comprehensive Income & Other	14.49	14.03	18.06	22.21	26.47	2.95
Total Common Equity	2,492	2,475	2,495	2,477	2,361	2,084
Shareholders' Equity	2,492	2,475	2,495	2,477	2,361	2,084
Total Liabilities & Equity	3,607	3,570	3,619	3,585	3,602	3,485
Total Debt	21.06	10.97	14.23	4.44	4.15	5.94
Net Cash (Debt)	996.75	1,050	1,243	1,508	1,600	1,505
Net Cash Growth	-21.45%	-15.51%	-17.60%	-5.75%	6.31%	12.45%
Net Cash Per Share	1.22	1.34	1.59	1.88	2.03	1.89
Filing Date Shares Outstanding	796.54	791.34	791.34	791.34	791.34	791.34
Total Common Shares Outstanding	796.54	791.34	791.34	791.34	791.34	791.34
Working Capital	1,988	2,003	2,037	2,018	1,925	1,787
Book Value Per Share	3.13	3.13	3.15	3.13	2.98	2.63
Tangible Book Value	2,426	2,407	2,419	2,408	2,286	2,015
Tangible Book Value Per Share	3.05	3.04	3.06	3.04	2.89	2.55
Buildings	-	490.79	490.79	490.79	453.79	447.49
Machinery	-	748.34	712.85	645.52	643.5	555
Construction In Progress	-	1.96	3.46	32.35	36.99	26.14

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