SHA:688620 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	342.99	351.62	232.63	399.06	136.67	182.81
Short-Term Investments	-	-	-	10.12	-	-
Trading Asset Securities	3.02	0.03	-	-	8	5
Cash & Short-Term Investments	346	351.65	232.63	409.18	144.67	187.81
Cash Growth	75.05%	51.16%	-43.15%	182.84%	-22.97%	-27.12%
Accounts Receivable	158.37	206.45	172.57	201.9	135.9	147.82
Other Receivables	3.49	0.29	0.34	0.47	0.39	4.71
Receivables	161.86	206.74	172.92	202.38	136.3	152.53
Inventory	228.02	161.79	193.27	160.47	182.73	73.89
Other Current Assets	497.39	543.56	14.28	3.5	29.46	32.69
Total Current Assets	1,233	1,264	613.1	775.53	493.15	446.92
Property, Plant & Equipment	251.44	242.57	211.68	210.85	208.42	205.82
Long-Term Investments	40.88	41.25	743.56	595.32	-	-
Other Intangible Assets	194.28	34.27	36.6	24.22	28.54	32.6
Long-Term Deferred Tax Assets	23.35	23.52	27.79	29.47	21.41	18.24
Long-Term Deferred Charges	0.2	0.18	0.92	0.21	0.09	0.14
Other Long-Term Assets	32.16	32.82	30.93	33.61	35.4	39.97
Total Assets	1,972	1,638	1,665	1,669	787.02	743.69
Accounts Payable	62.12	141.44	60.72	66.51	75.26	76.11
Accrued Expenses	14.93	15.08	9.14	7.23	10.39	11.57
Short-Term Debt	212.18	162.13	130.11	51.06	61.57	22.03
Current Portion of Long-Term Debt	11.12	7.76	-	-	4.65	28.34
Current Portion of Leases	-	-	1.26	1.15	4.98	4.48
Current Income Taxes Payable	2.73	1.5	-	-	-	-
Current Unearned Revenue	19.38	4.38	2.36	2.62	3.78	5.95
Other Current Liabilities	272.57	2.31	10.49	3.71	1.96	2.16
Total Current Liabilities	595.04	334.59	214.08	132.28	162.58	150.64
Long-Term Debt	55.13	9.7	-	-	41.31	45.35
Long-Term Leases	2.96	1.86	0.33	1.58	0.39	5.01
Long-Term Unearned Revenue	0.19	0.26	2.45	2.73	3.06	2.86
Other Long-Term Liabilities	1.46	-	6.73	1.13	-	-
Total Liabilities	676.69	346.42	223.58	137.73	207.34	203.86
Common Stock	392	392	392	392	294	294
Additional Paid-In Capital	1,008	1,006	1,003	1,003	175.83	175.83
Retained Earnings	-91.82	-72.19	68.16	136.69	109.85	70
Treasury Stock	-33.72	-33.72	-21.94	-	-	-
Shareholders' Equity	1,295	1,292	1,441	1,531	579.67	539.83
Total Liabilities & Equity	1,972	1,638	1,665	1,669	787.02	743.69
Total Debt	281.39	181.45	131.69	53.79	112.9	105.22
Net Cash (Debt)	64.61	170.2	100.94	355.39	31.77	82.59
Net Cash Growth	131.24%	68.61%	-71.60%	1018.68%	-61.54%	-50.56%
Net Cash Per Share	0.16	0.44	0.27	1.06	0.11	0.28
Filing Date Shares Outstanding	392.6	384.61	388.97	392	392	294
Total Common Shares Outstanding	392.6	384.61	388.97	392	294	294
Working Capital	638.24	929.13	399.03	643.24	330.57	296.28
Book Value Per Share	3.25	3.36	3.70	3.91	1.97	1.84
Tangible Book Value	883.74	1,258	1,404	1,507	551.13	507.23
Tangible Book Value Per Share	2.25	3.27	3.61	3.85	1.87	1.73
Buildings	-	-	185.54	184.39	184.16	176.1
Machinery	-	-	39.45	28.34	27	22.48
Construction In Progress	-	-	11.87	19.36	10.32	9.91

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