SHA:688635 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
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
Cash & Equivalents	85.52	101.03	38.91	38.13	30.38
Short-Term Investments	32	31.79	-	-	0.33
Trading Asset Securities	198.13	212.45	166.66	126.02	90.92
Cash & Short-Term Investments	315.65	345.26	205.57	164.15	121.63
Cash Growth	159.52%	67.96%	25.23%	34.96%	-
Accounts Receivable	151.05	135.86	100.1	98.64	72.09
Other Receivables	0.51	0.11	0.11	0	0.04
Receivables	151.56	135.97	100.21	98.65	72.13
Inventory	50.97	51.18	55.88	50.28	41.39
Prepaid Expenses	0	0	0	0	-
Other Current Assets	11.08	10.45	4.6	4.36	9.08
Total Current Assets	529.26	542.87	366.26	317.43	244.24
Property, Plant & Equipment	327.52	294.19	106.4	87.22	72.13
Long-Term Investments	20.11	20.01	30.9	30.02	-
Other Intangible Assets	20.9	21.05	19.59	0.98	0.5
Long-Term Deferred Tax Assets	2.06	2.06	1.47	1.06	0.8
Long-Term Deferred Charges	0.4	0.55	0.76	0.36	-
Other Long-Term Assets	3.48	4.02	2.43	1.12	6.57
Total Assets	903.73	884.75	527.8	438.19	324.23
Accounts Payable	31	83.1	18.46	19.65	6.33
Accrued Expenses	5.63	12.18	10.75	9.72	7.15
Short-Term Debt	31.7	30.02	52.05	42.05	43.05
Current Portion of Leases	-	-	0.38	-	0.26
Current Income Taxes Payable	2.1	4.63	1.79	2.16	1.17
Current Unearned Revenue	0.24	0.68	2.36	1.93	0.05
Other Current Liabilities	62.54	16.63	4.97	5.89	6.03
Total Current Liabilities	134.07	147.24	90.76	81.4	64.05
Long-Term Debt	103.91	92.86	-	-	6.5
Long-Term Unearned Revenue	6.62	6.62	0.06	0.07	0.08
Other Long-Term Liabilities	11.21	10.59	7.35	4.87	3.02
Total Liabilities	255.8	257.32	98.17	86.34	73.65
Common Stock	70.25	70.25	66.56	66.56	64.25
Additional Paid-In Capital	304.01	322.01	223.54	221.52	177.22
Retained Earnings	255.06	235.17	139.53	63.77	9.12
Shareholders' Equity	647.93	627.43	429.63	351.85	250.58
Total Liabilities & Equity	903.73	884.75	527.8	438.19	324.23
Total Debt	136.47	122.88	52.42	42.05	49.81
Net Cash (Debt)	179.18	222.39	153.14	122.1	71.82
Net Cash Growth	149.48%	45.21%	25.43%	70.00%	-
Net Cash Per Share	2.54	3.19	2.30	1.90	1.29
Filing Date Shares Outstanding	70.25	70.25	66.56	64.3	55.73
Total Common Shares Outstanding	70.25	70.25	66.56	64.3	55.73
Working Capital	395.19	395.62	275.5	236.03	180.19
Book Value Per Share	9.22	8.93	6.46	5.47	4.50
Tangible Book Value	627.03	606.38	410.04	350.87	250.08
Tangible Book Value Per Share	8.93	8.63	6.16	5.46	4.49
Buildings	33.97	33.97	33.97	33.97	-
Machinery	94.77	94.57	90.45	65.35	-
Construction In Progress	245.58	209.37	12.53	7.79	-