SHA:688638 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	631.48	570	381.8	240.55	188.91	234.56
Short-Term Investments	-	-	130.98	312.1	-	-
Trading Asset Securities	80.08	79.86	170.05	170.31	-	-
Cash & Short-Term Investments	711.56	649.87	682.83	722.96	188.91	234.56
Cash Growth	10.97%	-4.83%	-5.55%	282.70%	-19.46%	200.31%
Accounts Receivable	524.05	509.81	489.65	496.52	415.78	204.92
Other Receivables	8.94	7.85	5.42	9.1	6.58	47.28
Receivables	532.99	517.66	495.07	505.62	422.36	252.2
Inventory	1,081	932.8	534.69	609.08	1,093	564.97
Prepaid Expenses	-	-	-	-	-	0.54
Other Current Assets	123.31	115.7	29.7	14.16	17.78	20.91
Total Current Assets	2,448	2,216	1,742	1,852	1,722	1,073
Property, Plant & Equipment	257.1	247.53	252.89	151.31	26.35	26.43
Goodwill	73.94	73.94	73.94	-	-	-
Other Intangible Assets	49.55	49.78	50.81	38.17	37.62	0.29
Long-Term Deferred Tax Assets	59.08	56.89	37.22	11.32	9.59	5.41
Long-Term Deferred Charges	4.24	2.46	3.45	1.68	1.8	1.21
Other Long-Term Assets	-	-	1.02	-	0.04	0.63
Total Assets	2,898	2,647	2,162	2,054	1,798	1,107
Accounts Payable	736.27	682.62	416.31	422.37	767.68	382.2
Accrued Expenses	22.34	29.09	27.96	32.01	32.66	15.22
Short-Term Debt	316.59	285.24	291.76	113.12	11.36	28.11
Current Portion of Long-Term Debt	6.67	5.93	14.91	-	-	-
Current Portion of Leases	-	-	9.43	8.21	12.19	9.88
Current Income Taxes Payable	4.11	6.12	4.02	5.57	6.15	5.75
Current Unearned Revenue	732.17	572.36	282.27	321.48	624.89	385.96
Other Current Liabilities	187.33	193.51	67.89	23.49	31.15	44.43
Total Current Liabilities	2,005	1,775	1,115	926.25	1,486	871.55
Long-Term Leases	2.93	4.5	15.41	6.48	5.65	13.74
Long-Term Unearned Revenue	-	-	2	2	1	-
Long-Term Deferred Tax Liabilities	4.92	4.99	7.18	2.62	3.28	-
Total Liabilities	2,078	1,784	1,139	937.35	1,496	885.29
Common Stock	56	56	56	40	30	30
Additional Paid-In Capital	910.57	909.21	903.49	913.16	163.21	158.06
Retained Earnings	-164.6	-118.86	32.13	165.72	109.58	33.97
Treasury Stock	-30.1	-30.1	-13.72	-	-	-
Comprehensive Income & Other	-7.76	-7.17	-6.85	-	-	-
Total Common Equity	764.11	809.08	971.05	1,119	302.78	222.03
Minority Interest	55.62	53.18	51.44	-1.93	-1.17	-0.18
Shareholders' Equity	819.74	862.25	1,022	1,117	301.62	221.85
Total Liabilities & Equity	2,898	2,647	2,162	2,054	1,798	1,107
Total Debt	390.94	295.68	331.52	127.81	29.2	51.73
Net Cash (Debt)	320.62	354.19	351.31	595.14	159.71	182.84
Net Cash Growth	21.74%	0.82%	-40.97%	272.63%	-12.65%	134.09%
Net Cash Per Share	5.77	6.37	6.29	17.39	3.80	4.43
Filing Date Shares Outstanding	55.78	55.98	55.5	56	42	42
Total Common Shares Outstanding	55.78	55.98	55.5	56	42	42
Working Capital	442.91	441.15	627.75	925.56	236.15	201.63
Book Value Per Share	13.70	14.45	17.50	19.98	7.21	5.29
Tangible Book Value	640.63	685.36	846.3	1,081	265.17	221.74
Tangible Book Value Per Share	11.49	12.24	15.25	19.30	6.31	5.28
Buildings	-	-	205.4	-	-	-
Machinery	-	-	41.27	16.11	10.96	7.12
Construction In Progress	-	-	1.25	128.41	3.5	-
Order Backlog	-	-	-	-	-	1,192

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