SHA:688631 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	474.69	774.85	1,410	1,258	648.13	412.43
Trading Asset Securities	386.16	356.05	50.2	200.03	-	-
Cash & Short-Term Investments	860.85	1,131	1,461	1,458	648.13	412.43
Cash Growth	-21.08%	-22.57%	0.14%	125.03%	57.15%	-0.79%
Accounts Receivable	1,494	1,563	1,624	1,460	1,098	808.16
Other Receivables	22.21	24.51	19.47	24.87	25.63	-
Receivables	1,516	1,587	1,643	1,484	1,123	808.16
Inventory	416.06	370.81	333.56	478.66	463.09	481.62
Prepaid Expenses	-	-	2.38	0.06	0.13	-
Other Current Assets	194.42	160.98	64.7	23.97	70.05	120.45
Total Current Assets	2,987	3,250	3,504	3,446	2,305	1,823
Property, Plant & Equipment	129.58	132.44	137.74	149.7	144.24	153.82
Long-Term Investments	10.67	12.16	12.02	12.83	11.1	10.46
Other Intangible Assets	56.97	60.13	47.17	15.55	11.72	10.6
Long-Term Accounts Receivable	-	-	20.29	44.03	47.84	57.32
Long-Term Deferred Tax Assets	92.52	83.82	67.26	56.15	50.96	49.66
Other Long-Term Assets	18.51	19.23	12.17	13.22	19.25	22.46
Total Assets	3,296	3,558	3,801	3,737	2,590	2,127
Accounts Payable	986.09	1,214	1,389	1,377	1,078	811.06
Accrued Expenses	7.29	38.87	76.86	76.32	86.6	71.47
Short-Term Debt	-	-	-	0.56	216.98	-
Current Portion of Long-Term Debt	0.01	0.03	-	-	-	-
Current Portion of Leases	-	-	0.07	0.43	1.47	0.87
Current Income Taxes Payable	5.64	11.83	11.88	8.62	2.64	7.71
Current Unearned Revenue	281.73	262.55	291.77	320.07	344.13	470.66
Other Current Liabilities	21.23	23.16	31.23	28.36	31.78	35.53
Total Current Liabilities	1,302	1,551	1,801	1,811	1,761	1,397
Long-Term Leases	2.3	-	0.03	0.04	0.49	0.97
Long-Term Unearned Revenue	33.65	33.36	14.13	10.26	16.91	7.46
Other Long-Term Liabilities	27.91	30.69	33.73	33.31	35	33.41
Total Liabilities	1,366	1,615	1,849	1,855	1,814	1,439
Common Stock	163.47	163.47	163.47	163.47	122.6	122.6
Additional Paid-In Capital	1,263	1,263	1,263	1,263	333.82	331.32
Retained Earnings	477.69	490.44	500.57	438.55	306.46	225.54
Total Common Equity	1,904	1,917	1,927	1,865	762.87	679.46
Minority Interest	25.96	26.52	25.23	17.29	13.42	8.4
Shareholders' Equity	1,930	1,943	1,952	1,882	776.29	687.86
Total Liabilities & Equity	3,296	3,558	3,801	3,737	2,590	2,127
Total Debt	2.31	0.03	0.1	1.03	218.94	1.84
Net Cash (Debt)	858.54	1,131	1,460	1,457	429.2	410.59
Net Cash Growth	-21.28%	-22.57%	0.21%	239.58%	4.53%	12.60%
Net Cash Per Share	5.34	6.96	8.94	10.15	3.50	3.35
Filing Date Shares Outstanding	159.48	163.47	163.47	163.47	122.6	122.6
Total Common Shares Outstanding	159.48	163.47	163.47	163.47	122.6	122.6
Working Capital	1,685	1,699	1,703	1,634	543.58	425.38
Book Value Per Share	11.94	11.72	11.79	11.41	6.22	5.54
Tangible Book Value	1,847	1,857	1,880	1,849	751.15	668.86
Tangible Book Value Per Share	11.58	11.36	11.50	11.31	6.13	5.46
Buildings	-	-	235.49	235.47	227.87	225.13
Machinery	-	-	88.44	75.89	70.42	70.23
Construction In Progress	-	-	4.49	12.68	0.52	-

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