SHA:688646 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	590.87	663.02	295.77	367.63	120.94	198.77
Short-Term Investments	164.28	75.06	184.08	-	-	-
Trading Asset Securities	279.03	215.95	420.68	615.27	272.72	100.18
Cash & Short-Term Investments	1,034	954.02	900.52	982.9	393.66	298.95
Cash Growth	34.51%	5.94%	-8.38%	149.68%	31.68%	157.82%
Accounts Receivable	650.54	649.7	523.46	412.27	279.46	225.83
Other Receivables	20.91	10.7	3.87	3.32	5.56	3.18
Receivables	671.45	660.4	527.32	415.59	285.02	229.01
Inventory	917.16	796.96	602.42	403.68	424.53	236.05
Other Current Assets	153.53	101.59	77.92	41.56	76.83	63.4
Total Current Assets	2,776	2,513	2,108	1,844	1,180	827.41
Property, Plant & Equipment	438.88	417.6	323.43	163.66	99.39	87.57
Long-Term Investments	38.42	53.43	261.45	391.27	-	-
Goodwill	27.35	27.35	27.35	-	-	-
Other Intangible Assets	49.47	50.01	50.89	47.4	48.12	32.64
Long-Term Deferred Tax Assets	68.9	61.07	37.28	17.29	16.64	17.33
Long-Term Deferred Charges	5.1	4.77	5.91	-	-	-
Other Long-Term Assets	49.15	8.02	9.51	12.57	4.86	1.01
Total Assets	3,454	3,135	2,824	2,476	1,349	965.96
Accounts Payable	579.22	499.66	379.07	264.16	264.6	134.12
Accrued Expenses	25.47	46.99	26.09	20.81	27.79	25.98
Short-Term Debt	200.39	281	408.41	279.07	88.07	72.03
Current Portion of Long-Term Debt	60.48	24.24	-	-	2.04	-
Current Portion of Leases	-	3.5	2.41	0.08	-	-
Current Income Taxes Payable	6.78	2.34	2.96	0.01	2	0.28
Current Unearned Revenue	949.4	544.91	310.61	185.02	263.21	174.95
Other Current Liabilities	83.11	100.71	83.52	48.37	69.88	70.75
Total Current Liabilities	1,905	1,503	1,213	797.54	717.6	478.12
Long-Term Debt	69.72	124.99	-	-	47	-
Long-Term Leases	16.39	11.85	13.79	0.11	-	-
Long-Term Unearned Revenue	34.62	35.4	17.92	12.78	13.79	14
Long-Term Deferred Tax Liabilities	0.3	0.32	0.74	-	0.43	0.03
Other Long-Term Liabilities	-	1.73	-	-	0.42	0.41
Total Liabilities	2,026	1,678	1,246	810.43	779.23	492.56
Common Stock	94.16	95.16	95.16	95.16	71.37	71.37
Additional Paid-In Capital	1,338	1,371	1,368	1,366	395.07	392.56
Retained Earnings	109.42	133.4	182.35	204.48	103.36	9.47
Treasury Stock	-126.88	-160.67	-83.09	-	-	-
Comprehensive Income & Other	-0.05	-0.03	-	-	-	-
Total Common Equity	1,414	1,438	1,563	1,665	569.81	473.4
Minority Interest	13.39	19.16	15.72	-0	-	-
Shareholders' Equity	1,428	1,458	1,578	1,665	569.81	473.4
Total Liabilities & Equity	3,454	3,135	2,824	2,476	1,349	965.96
Total Debt	346.98	445.57	424.62	279.26	137.11	72.03
Net Cash (Debt)	687.19	508.45	475.9	703.63	256.55	226.92
Net Cash Growth	70.14%	6.84%	-32.37%	174.27%	13.06%	150.13%
Net Cash Per Share	7.47	5.61	5.05	8.63	3.61	3.65
Filing Date Shares Outstanding	95.93	89.72	92.01	95.16	71.37	71.37
Total Common Shares Outstanding	95.93	89.72	92.01	95.16	71.37	71.37
Working Capital	871.45	1,010	895.09	1,046	462.44	349.29
Book Value Per Share	14.74	16.03	16.98	17.50	7.98	6.63
Tangible Book Value	1,337	1,361	1,484	1,618	521.69	440.76
Tangible Book Value Per Share	13.94	15.17	16.13	17.00	7.31	6.18
Buildings	-	170.9	171.33	99.91	92.38	53.09
Machinery	-	102.26	63.84	24.51	15.59	9.02
Construction In Progress	-	172.73	97.56	51.84	0.35	30.61

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