SHA:688629 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	637.01	281.17	387.01	778.41	419.83	338.71
Short-Term Investments	-	-	-	2.25	-	-
Trading Asset Securities	85.02	39.04	106.12	206.13	0.14	0.27
Cash & Short-Term Investments	722.03	320.21	493.13	986.78	419.97	338.98
Cash Growth	83.47%	-35.07%	-50.03%	134.96%	23.89%	114.56%
Accounts Receivable	927.82	1,389	688.54	647.68	642.58	469.17
Other Receivables	2.95	-	-	0	0.99	11.46
Receivables	930.76	1,389	688.54	647.68	643.57	480.63
Inventory	627.65	528.73	321.59	230.74	222.68	157.57
Other Current Assets	18.12	21.32	23.14	6.66	15.17	6.98
Total Current Assets	2,299	2,259	1,526	1,872	1,301	984.16
Property, Plant & Equipment	1,197	1,121	803.86	578.01	517.1	517.68
Long-Term Investments	332.06	329.74	320.98	13.6	15.73	15.9
Other Intangible Assets	137.02	132.81	65.83	68.85	54.31	55.94
Long-Term Deferred Tax Assets	24.18	26.09	29.52	26.01	8.58	9.61
Long-Term Deferred Charges	12.89	10.47	8.49	4.48	4.13	1.46
Other Long-Term Assets	2.19	10.13	18.84	6.86	15.78	9.82
Total Assets	4,004	3,889	2,774	2,570	1,917	1,595
Accounts Payable	1,102	877.95	485.94	350.34	327.85	236.4
Accrued Expenses	3.04	106.01	55.26	39.38	36.94	27.86
Short-Term Debt	216.19	120.45	25.57	7.15	-	83.78
Current Portion of Long-Term Debt	40.81	35.98	5.16	5.21	0.01	0.01
Current Portion of Leases	-	5.32	4.53	3.99	2.29	15.14
Current Income Taxes Payable	7.91	1.23	0.1	0.02	-	-
Current Unearned Revenue	18.53	20.27	11.78	8.5	6.15	6.53
Other Current Liabilities	105.9	328.43	227.38	94.69	113.82	113.69
Total Current Liabilities	1,495	1,496	815.72	509.29	487.05	483.41
Long-Term Debt	319.85	310.85	267.04	287.05	292.28	102.06
Long-Term Leases	12.07	10.12	7.6	8.8	5.87	10.82
Long-Term Unearned Revenue	198.92	200.5	193.73	228.68	241.35	220.77
Long-Term Deferred Tax Liabilities	23.6	23.41	4.2	3.87	3.21	7.72
Other Long-Term Liabilities	27.33	25.28	10.92	9.04	9.84	8.37
Total Liabilities	2,077	2,066	1,299	1,047	1,040	833.14
Common Stock	460.99	460.99	460.99	460.99	391.84	391.84
Additional Paid-In Capital	800.78	800.21	797.32	798.84	293.43	291.97
Retained Earnings	665.67	560.55	201.98	242.78	170.41	71.63
Comprehensive Income & Other	-0.24	-0.18	0.29	0.21	0.14	-0.09
Total Common Equity	1,927	1,822	1,461	1,503	855.82	755.35
Minority Interest	0.28	1.77	14.12	20.13	21.57	6.09
Shareholders' Equity	1,927	1,823	1,475	1,523	877.4	761.44
Total Liabilities & Equity	4,004	3,889	2,774	2,570	1,917	1,595
Total Debt	588.92	482.73	309.9	312.2	300.45	211.81
Net Cash (Debt)	133.11	-162.52	183.22	674.58	119.52	127.17
Net Cash Growth	515.73%	-	-72.84%	464.39%	-6.01%	1105.82%
Net Cash Per Share	0.29	-0.35	0.41	1.58	0.30	0.35
Filing Date Shares Outstanding	460.99	460.99	460.99	460.99	391.84	359.7
Total Common Shares Outstanding	460.99	460.99	460.99	460.99	391.84	359.7
Working Capital	803.7	763.57	710.67	1,363	814.34	500.75
Book Value Per Share	4.18	3.95	3.17	3.26	2.18	2.10
Tangible Book Value	1,790	1,689	1,395	1,434	801.52	699.41
Tangible Book Value Per Share	3.88	3.66	3.03	3.11	2.05	1.94
Buildings	-	271.01	268.18	185.06	185.15	185.71
Machinery	-	1,373	1,028	770.55	664.35	551.17
Construction In Progress	-	98.01	24.1	44.21	15.08	10.43

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