SHA:688658 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	840.2	1,022	1,333	1,483	1,661	2,437
Trading Asset Securities	531.77	397.81	160.26	-	-	-
Cash & Short-Term Investments	1,372	1,420	1,493	1,483	1,661	2,437
Cash Growth	-11.77%	-4.91%	0.72%	-10.76%	-31.84%	-3.88%
Accounts Receivable	577.65	602.59	805.43	1,094	1,366	927.02
Other Receivables	9.97	2.25	13.56	1.58	0.22	2.28
Receivables	587.62	604.84	818.99	1,095	1,366	929.3
Inventory	478.21	465.11	757.34	727.69	738.34	632.31
Other Current Assets	80.68	99.37	88.44	119.24	135.64	66.91
Total Current Assets	2,518	2,589	3,158	3,425	3,901	4,066
Property, Plant & Equipment	1,964	2,002	1,999	1,960	1,671	1,302
Long-Term Investments	231.09	150.3	33.1	15.75	-	-
Other Intangible Assets	159.06	163.99	175.01	174.32	174.68	181.14
Long-Term Deferred Tax Assets	12.62	4.84	30.32	20.39	17.82	12.35
Long-Term Deferred Charges	281.57	283.61	293.89	270.65	194.9	97.87
Other Long-Term Assets	19.89	6.03	48.57	45.5	49.34	67.81
Total Assets	5,187	5,200	5,738	5,911	6,009	5,727
Accounts Payable	602.46	454.33	554.54	592.05	711.18	771.73
Accrued Expenses	54.73	476.74	561.27	891.65	725.52	655.5
Short-Term Debt	69.48	55.15	112.97	351.77	228.35	9.01
Current Portion of Long-Term Debt	48.81	466.88	51.67	16.84	-	-
Current Portion of Leases	-	4.78	9.23	10.34	9.68	4.77
Current Income Taxes Payable	44.26	8.6	0.51	16.41	1.02	57.03
Current Unearned Revenue	26.69	21.81	44.54	29.68	57.09	40.03
Other Current Liabilities	430.66	188.99	170.77	227.89	166.51	144.13
Total Current Liabilities	1,277	1,677	1,506	2,137	1,899	1,682
Long-Term Debt	492.07	77.51	516.97	54.57	-	-
Long-Term Leases	4.42	3.81	14.46	29.38	39.72	23.77
Long-Term Unearned Revenue	127.42	123.64	116.21	93.05	72.32	93.7
Long-Term Deferred Tax Liabilities	13.96	7.09	-	-	-	-
Total Liabilities	1,915	1,889	2,153	2,314	2,011	1,800
Common Stock	450	450	450	450	450	450
Additional Paid-In Capital	2,645	2,645	2,645	2,645	2,681	2,645
Retained Earnings	286.98	320.08	582.47	547.65	857.86	828.56
Treasury Stock	-100.02	-100.02	-100.02	-54.99	-	-
Comprehensive Income & Other	-0.03	-0.03	-	-	-	-
Total Common Equity	3,282	3,315	3,578	3,588	3,989	3,924
Minority Interest	-9.92	-5	7.33	9.8	8.09	3.38
Shareholders' Equity	3,272	3,310	3,585	3,598	3,997	3,927
Total Liabilities & Equity	5,187	5,200	5,738	5,911	6,009	5,727
Total Debt	614.78	608.15	705.31	462.91	277.75	37.55
Net Cash (Debt)	757.18	811.7	787.86	1,020	1,384	2,400
Net Cash Growth	-5.55%	3.03%	-22.73%	-26.31%	-42.34%	2.81%
Net Cash Per Share	1.68	1.83	1.78	2.26	3.05	5.32
Filing Date Shares Outstanding	472.94	444.48	444.48	447.18	450	450
Total Common Shares Outstanding	472.94	444.48	444.48	447.18	450	450
Working Capital	1,241	911.87	1,652	1,288	2,002	2,384
Book Value Per Share	6.94	7.46	8.05	8.02	8.87	8.72
Tangible Book Value	3,123	3,151	3,403	3,414	3,815	3,743
Tangible Book Value Per Share	6.60	7.09	7.66	7.63	8.48	8.32
Buildings	-	1,424	1,417	1,314	1,127	1,135
Machinery	-	1,225	1,203	1,166	958.27	871.85
Construction In Progress	-	688.77	539.86	470.99	458.45	74.95

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