SHA:688595 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	201.27	278.12	611.59	550.76	636.82	381.8
Trading Asset Securities	50.07	-	-	-	94.16	52.06
Cash & Short-Term Investments	251.35	278.12	611.59	550.76	730.98	433.87
Cash Growth	-48.45%	-54.52%	11.05%	-24.66%	68.48%	-30.59%
Accounts Receivable	148.05	184.02	160.3	162.74	256.23	137.67
Other Receivables	38.31	38.45	46.79	3.72	5.15	4.85
Receivables	186.36	222.47	207.08	166.46	261.38	142.51
Inventory	342.54	328.74	287.66	190.14	206.18	127.27
Prepaid Expenses	-	-	-	-	-	2.66
Other Current Assets	117.93	114.06	98.93	80.77	93.94	70.12
Total Current Assets	898.17	943.38	1,205	988.13	1,292	776.43
Property, Plant & Equipment	298.68	287.42	237.22	193.26	166.42	149.45
Long-Term Investments	54.49	52.99	28.86	28	28	18
Other Intangible Assets	103.34	107.39	116.14	149.98	127.94	109.01
Long-Term Deferred Tax Assets	69.41	70.65	58.18	36.9	24.25	14.78
Long-Term Deferred Charges	36.59	39.44	44.29	45.58	43.92	27.82
Other Long-Term Assets	6.79	5.09	5.3	10.26	17.93	22.69
Total Assets	1,467	1,506	1,695	1,452	1,701	1,118
Accounts Payable	83.26	30.14	32.78	10.55	10.36	1.33
Accrued Expenses	27.74	105.79	86.1	67.42	66.27	50.32
Short-Term Debt	110.06	90.05	270.11	38.03	130.36	-
Current Portion of Long-Term Debt	82.84	74.12	6.22	1.29	-	-
Current Portion of Leases	-	7.45	7.68	6.32	11.97	7.1
Current Income Taxes Payable	5.49	-	0.03	-	-	-
Current Unearned Revenue	1.13	0.94	2.84	2.27	1.43	3.85
Other Current Liabilities	5.65	16.33	31.84	24.88	18.34	44.28
Total Current Liabilities	316.16	324.81	437.59	150.76	238.73	106.88
Long-Term Debt	386.68	383.63	456.19	355.29	339.67	-
Long-Term Leases	21.7	23.33	12.9	2.1	6.03	13.51
Long-Term Unearned Revenue	24.22	26.2	31.72	28.04	19.22	9.48
Total Liabilities	748.77	757.97	938.41	536.19	603.66	129.88
Common Stock	144.09	144.09	142.43	142.43	142.16	100
Additional Paid-In Capital	802.54	796.72	758.46	685.66	724.24	650
Retained Earnings	-239.28	-200.3	-94.86	78.02	221.47	238.38
Treasury Stock	-60.01	-60.01	-120.03	-60.02	-60.02	-
Comprehensive Income & Other	65.35	63.32	69.4	69.4	69.4	-
Total Common Equity	712.69	743.82	755.4	915.49	1,097	988.38
Minority Interest	6.01	4.58	1.44	0.44	0.04	-0.08
Shareholders' Equity	718.7	748.4	756.84	915.92	1,097	988.3
Total Liabilities & Equity	1,467	1,506	1,695	1,452	1,701	1,118
Total Debt	601.28	578.57	753.1	403.02	488.03	20.62
Net Cash (Debt)	-349.94	-300.45	-141.51	147.73	242.95	413.25
Net Cash Growth	-	-	-	-39.19%	-41.21%	-21.06%
Net Cash Per Share	-2.50	-2.14	-1.01	1.04	1.72	2.94
Filing Date Shares Outstanding	139.24	142.51	108.8	141.35	141.08	140
Total Common Shares Outstanding	139.24	142.51	108.8	141.35	141.08	140
Working Capital	582.01	618.57	767.66	837.37	1,054	669.54
Book Value Per Share	5.12	5.22	6.94	6.48	7.78	7.06
Tangible Book Value	609.36	636.43	639.26	765.5	969.31	879.36
Tangible Book Value Per Share	4.38	4.47	5.88	5.42	6.87	6.28
Buildings	-	111.57	111.57	111.57	111.57	111.57
Machinery	-	96.82	92.04	82.57	68.94	40.91
Construction In Progress	-	130.51	75.59	36.92	4.37	-

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