SHA:688652 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	595.38	579.61	525.09	1,251	303.54	262.61
Trading Asset Securities	831.88	942.93	848.91	300.07	-	-
Cash & Short-Term Investments	1,427	1,523	1,374	1,551	303.54	262.61
Cash Growth	18.81%	10.81%	-11.39%	410.83%	15.58%	241.81%
Accounts Receivable	216.13	282.77	381.12	221.28	213.59	191.32
Other Receivables	4.75	8.13	5.57	10.89	4.07	18.55
Receivables	220.88	290.9	386.68	232.17	217.67	209.87
Inventory	2,508	2,395	1,988	957.35	699.14	364.37
Prepaid Expenses	-	9.45	7.12	-	-	-
Other Current Assets	69.24	59.93	67.15	39.23	26.27	13.13
Total Current Assets	4,226	4,278	3,823	2,779	1,247	849.99
Property, Plant & Equipment	395.97	368.56	114.55	30.87	29.24	22.68
Long-Term Investments	5.5	5.5	9.2	9.2	9.2	5.5
Other Intangible Assets	33.21	33.89	35.15	3.4	4.72	5.15
Long-Term Accounts Receivable	-	0.35	0.01	0.47	0.02	-
Long-Term Deferred Tax Assets	51.91	51.68	43.82	31.23	27.79	14.06
Long-Term Deferred Charges	19.94	21.01	18.86	6.25	4.11	6.44
Other Long-Term Assets	39.38	25.57	-	-	-	0.02
Total Assets	4,772	4,784	4,045	2,861	1,322	903.84
Accounts Payable	767.82	861.8	1,030	358.68	188.63	197.62
Accrued Expenses	34.22	78.82	65.51	49.18	42.43	15.67
Short-Term Debt	-	50	-	10.43	120	74.59
Current Portion of Leases	-	12.41	9.38	7.57	8.69	-
Current Income Taxes Payable	-	3.82	4.65	2.76	2.34	5.67
Current Unearned Revenue	1,488	1,351	738.83	408.66	319.94	84.2
Other Current Liabilities	164.22	150.61	19.63	8.95	8.44	19.96
Total Current Liabilities	2,454	2,508	1,868	846.22	690.47	397.7
Long-Term Leases	15.53	20.19	6.77	5.27	7.6	7.09
Long-Term Unearned Revenue	-	-	6.13	16.88	25.22	-
Long-Term Deferred Tax Liabilities	6.86	8.2	4.27	2.58	2.81	0.08
Other Long-Term Liabilities	47.57	45.89	85	56.13	47.25	41.98
Total Liabilities	2,524	2,583	1,970	927.08	773.35	446.85
Common Stock	168	168	168	168	126	126
Additional Paid-In Capital	1,506	1,506	1,506	1,506	281.96	281.96
Retained Earnings	572.91	526.46	399.14	258.83	139.69	48.57
Comprehensive Income & Other	0.37	0.83	0.92	0.65	0.7	0.47
Shareholders' Equity	2,247	2,202	2,074	1,934	548.35	456.99
Total Liabilities & Equity	4,772	4,784	4,045	2,861	1,322	903.84
Total Debt	15.53	82.6	16.15	23.27	136.29	81.68
Net Cash (Debt)	1,412	1,440	1,358	1,527	167.25	180.93
Net Cash Growth	19.13%	6.04%	-11.10%	813.20%	-7.56%	392.04%
Net Cash Per Share	8.46	8.57	8.08	11.79	1.32	1.51
Filing Date Shares Outstanding	165.87	168	168	168	126	126
Total Common Shares Outstanding	165.87	168	168	168	126	126
Working Capital	1,772	1,769	1,955	1,933	556.14	452.29
Book Value Per Share	13.55	13.10	12.35	11.51	4.35	3.63
Tangible Book Value	2,214	2,168	2,039	1,930	543.63	451.84
Tangible Book Value Per Share	13.35	12.90	12.14	11.49	4.31	3.59
Machinery	-	65.44	47.94	24.63	17.05	11.93
Construction In Progress	-	286.74	59.92	0.18	-	-

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