SHA:688627 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	226.03	704.1	508.78	740.63	216.31	409.93
Short-Term Investments	53.66	32.54	164.35	161.82	-	-
Trading Asset Securities	316.23	250.39	70.1	300.57	-	-
Cash & Short-Term Investments	595.92	987.03	743.23	1,203	216.31	409.93
Cash Growth	-12.14%	32.80%	-38.22%	456.16%	-47.23%	23.67%
Accounts Receivable	787.02	592.71	468.64	289.8	235.47	84.22
Other Receivables	7.29	5.44	4.67	5.34	4.52	3.82
Receivables	794.31	598.15	473.31	295.13	239.99	88.04
Inventory	223.47	210.02	142.85	237.58	259.55	200.62
Other Current Assets	95.32	44.32	28.77	25.07	13.4	15.59
Total Current Assets	1,709	1,840	1,388	1,761	729.25	714.19
Property, Plant & Equipment	135.72	128.81	47.2	33.33	27.7	18.69
Long-Term Investments	87.2	233.14	559.52	181.93	189.75	55.08
Other Intangible Assets	3.89	3.95	3.48	3.06	2.17	0.57
Long-Term Deferred Tax Assets	30.34	34.24	20.8	9.46	7.77	5.54
Long-Term Deferred Charges	49.64	50.33	4.67	3.78	5.1	2.85
Other Long-Term Assets	325.88	55.45	6.52	4.13	0.95	5.06
Total Assets	2,342	2,345	2,030	1,996	962.69	801.98
Accounts Payable	369.92	392.7	239.04	201.76	233.94	127.27
Accrued Expenses	16.4	50.62	42.47	29.3	22.12	19.47
Short-Term Debt	-	5.02	-	-	-	9.51
Current Portion of Leases	16.46	13.05	8.45	4.68	4.54	5.11
Current Income Taxes Payable	34.88	8.81	1.61	14.02	6.31	9.57
Current Unearned Revenue	10.12	11.32	0.47	12.94	73.26	83.32
Other Current Liabilities	71.91	74.03	1.09	1.76	3.49	2.5
Total Current Liabilities	519.69	555.55	293.13	264.47	343.66	256.76
Long-Term Leases	32.28	30.59	8.4	5.45	3.79	4.68
Long-Term Unearned Revenue	4.96	5.78	2.49	3.75	6.33	3.15
Long-Term Deferred Tax Liabilities	-	-	3.01	1.83	0.73	-
Total Liabilities	556.94	591.92	307.03	275.5	354.5	264.6
Common Stock	94.01	94.01	94.01	94.01	70.51	70.51
Additional Paid-In Capital	1,372	1,367	1,377	1,375	398.13	392.7
Retained Earnings	344.16	329.61	294.07	248.88	133.2	67.03
Treasury Stock	-68.23	-68.23	-44.77	-	-	-
Comprehensive Income & Other	0.52	0.9	1.42	1.14	0.88	-0.32
Total Common Equity	1,742	1,723	1,722	1,719	602.71	529.92
Minority Interest	42.8	30.38	1.35	1.76	5.47	7.47
Shareholders' Equity	1,785	1,754	1,723	1,721	608.18	537.38
Total Liabilities & Equity	2,342	2,345	2,030	1,996	962.69	801.98
Total Debt	48.74	48.66	16.85	10.13	8.33	19.3
Net Cash (Debt)	547.18	938.37	726.38	1,193	207.98	390.63
Net Cash Growth	-13.33%	29.18%	-39.11%	473.57%	-46.76%	22.67%
Net Cash Per Share	5.84	10.06	7.76	14.85	2.96	5.68
Filing Date Shares Outstanding	97	93.8	92.52	94.01	70.51	70.51
Total Common Shares Outstanding	97	93.8	93.01	94.01	70.51	70.51
Working Capital	1,189	1,284	1,095	1,496	385.59	457.43
Book Value Per Share	17.96	18.37	18.51	18.29	8.55	7.52
Tangible Book Value	1,738	1,719	1,718	1,716	600.54	529.34
Tangible Book Value Per Share	17.92	18.33	18.48	18.25	8.52	7.51
Machinery	-	68.41	43.7	37.98	22.32	16.52
Construction In Progress	-	42.85	5.97	-	7.46	-

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