SHA:688622 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	44.3	59.54	51.63	192.15	261.67	340.15
Cash & Short-Term Investments	44.3	59.54	51.63	192.15	261.67	340.15
Cash Growth	25.12%	15.32%	-73.13%	-26.57%	-23.07%	100.60%
Accounts Receivable	65.98	66.29	116.37	149.43	119.7	125.14
Other Receivables	1.94	2.07	15.48	10.98	9.08	21.16
Receivables	67.93	68.36	131.85	160.41	128.79	146.3
Inventory	71.27	74.21	131.16	174.25	164.37	136.68
Prepaid Expenses	-	-	-	-	0.51	0.04
Other Current Assets	16.96	16.37	10.42	28.63	40.39	27.61
Total Current Assets	200.45	218.48	325.06	555.44	595.72	650.79
Property, Plant & Equipment	394.61	400.45	413.44	391.02	239.28	215.48
Long-Term Investments	17.23	17.57	36.71	36.54	38.05	2.24
Other Intangible Assets	54.54	53.5	56.4	58.46	57.53	53.37
Long-Term Accounts Receivable	-	-	3.11	2.32	0.98	0.81
Long-Term Deferred Tax Assets	22.74	23.58	41.82	35.17	17.82	4.39
Long-Term Deferred Charges	0.05	0.06	0.1	0.33	1.35	1.49
Other Long-Term Assets	-	0.98	0.47	1.84	21.11	2.83
Total Assets	689.62	714.62	877.11	1,081	971.85	931.4
Accounts Payable	45.27	61.61	106.38	172.84	49.26	64.24
Accrued Expenses	7.6	8.6	16.95	27.44	29.44	40.75
Short-Term Debt	48.84	78.84	108.46	191.98	184.64	73.01
Current Portion of Long-Term Debt	8.7	15.26	3.39	28.18	4.57	7.79
Current Portion of Leases	-	-	-	0.93	1.54	2.17
Current Income Taxes Payable	0.74	0.59	-	-	4.15	7.35
Current Unearned Revenue	12.56	16.28	34.17	58.38	76.7	53.05
Other Current Liabilities	4.94	8.74	15.22	16.22	13.17	6.5
Total Current Liabilities	128.64	189.91	284.57	495.97	363.47	254.86
Long-Term Debt	233.31	186.15	162.96	104.71	53.89	35
Long-Term Leases	-	-	-	0.13	0.41	1.92
Long-Term Unearned Revenue	51.58	53.38	62.09	54.54	39.66	40.13
Long-Term Deferred Tax Liabilities	-	-	0.39	0.47	-	-
Other Long-Term Liabilities	5.01	5.35	4.98	7.64	3.77	6.21
Total Liabilities	418.54	434.79	514.99	663.45	461.21	338.11
Common Stock	70.47	70.47	70	70	70	70
Additional Paid-In Capital	290.87	290.87	278.25	275.88	274.73	274.1
Retained Earnings	-51.13	-43.45	43.7	89.69	185.8	261.03
Comprehensive Income & Other	-14.25	-14.25	-7.67	-0.32	-	-
Total Common Equity	295.97	303.65	384.28	435.26	530.53	605.12
Minority Interest	-24.89	-23.82	-22.16	-17.57	-19.89	-11.84
Shareholders' Equity	271.08	279.83	362.12	417.69	510.64	593.28
Total Liabilities & Equity	689.62	714.62	877.11	1,081	971.85	931.4
Total Debt	290.85	280.25	274.81	325.93	245.04	119.89
Net Cash (Debt)	-246.55	-220.7	-223.18	-133.78	16.63	220.26
Net Cash Growth	-	-	-	-	-92.45%	204.41%
Net Cash Per Share	-3.52	-3.14	-3.20	-1.91	0.24	3.87
Filing Date Shares Outstanding	69.79	70.47	70	70	70	70
Total Common Shares Outstanding	69.79	70.47	70	70	70	70
Working Capital	71.81	28.57	40.49	59.47	232.25	395.93
Book Value Per Share	4.24	4.31	5.49	6.22	7.58	8.64
Tangible Book Value	241.43	250.15	327.88	376.79	473	551.75
Tangible Book Value Per Share	3.46	3.55	4.68	5.38	6.76	7.88
Buildings	-	-	221.6	148.88	119	128.28
Machinery	-	-	129.4	141.62	134.95	107.45
Construction In Progress	-	-	153.28	176.39	38.84	13.18

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