SHA:688659 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	177.45	167.41	84.31	77.7	76.37	72.33
Short-Term Investments	-	-	-	32.23	31.15	65.16
Trading Asset Securities	-	-	55.07	21.1	15.07	63.18
Cash & Short-Term Investments	177.45	167.41	139.38	131.03	122.6	200.66
Cash Growth	27.32%	20.11%	6.37%	6.88%	-38.90%	369.25%
Accounts Receivable	443.33	426.51	413.74	416.38	426.21	365.85
Other Receivables	16.81	13.76	24.91	15.62	11.78	8.16
Receivables	460.14	440.27	438.65	431.99	437.99	374.01
Inventory	135.67	155.02	102.55	103.66	107.7	136.02
Prepaid Expenses	-	-	-	0.16	2.63	0.23
Other Current Assets	37.42	22.92	17.23	12.03	20.11	16.97
Total Current Assets	810.68	785.61	697.81	678.87	691.03	727.89
Property, Plant & Equipment	395.93	399.28	419.65	483.77	434.31	277.1
Long-Term Investments	53.27	53.27	52.59	51.34	51.73	17.03
Other Intangible Assets	39.2	39.9	42.29	40.92	38.1	4.5
Long-Term Accounts Receivable	-	22.11	22.08	16.25	3.95	-
Long-Term Deferred Tax Assets	20.5	20.5	21.97	24.01	17.1	13.87
Long-Term Deferred Charges	1.79	1.86	1.57	2.51	0.52	1.03
Other Long-Term Assets	4.56	3.53	6.96	22.46	37.07	18.44
Total Assets	1,326	1,326	1,265	1,320	1,274	1,060
Accounts Payable	326.99	308.11	215.89	191.57	186.26	220.97
Accrued Expenses	12.14	34.24	35.58	25.54	15.2	14.83
Short-Term Debt	221.36	179.18	218.06	244.75	235.31	30.29
Current Portion of Long-Term Debt	56.02	58.46	37.14	10.1	7.87	3.15
Current Portion of Leases	-	20.87	41.06	32.12	14.99	3.71
Current Income Taxes Payable	0.97	0	-	-	-	3.3
Current Unearned Revenue	36.23	40.56	29.4	21.42	23.89	17.33
Other Current Liabilities	27.83	41.16	47.15	62.3	57.95	59.69
Total Current Liabilities	681.54	682.58	624.27	587.81	541.47	353.26
Long-Term Debt	109.54	111.94	51.96	81.8	49.88	4.69
Long-Term Leases	-	-	14.53	9.14	12.82	1.04
Long-Term Unearned Revenue	17.47	18.34	22.23	24.91	26.79	41.92
Long-Term Deferred Tax Liabilities	-	-	-	-	-	2.49
Other Long-Term Liabilities	-	-	2.19	1.88	-	-
Total Liabilities	808.56	812.86	715.19	705.54	630.97	403.39
Common Stock	160	160	160	160	160	160
Additional Paid-In Capital	253.25	253.25	251.03	248.42	251.12	248.42
Retained Earnings	119.92	115.75	146.4	207.26	232.64	248.05
Treasury Stock	-16.87	-16.87	-8	-	-	-
Comprehensive Income & Other	1.08	1.08	0.28	-1.09	-0.92	-
Shareholders' Equity	517.38	513.21	549.71	614.59	642.84	656.47
Total Liabilities & Equity	1,326	1,326	1,265	1,320	1,274	1,060
Total Debt	386.93	370.45	362.75	377.92	320.88	42.87
Net Cash (Debt)	-209.48	-203.04	-223.38	-246.88	-198.28	157.79
Net Cash Per Share	-1.27	-1.26	-1.39	-1.56	-1.28	1.05
Filing Date Shares Outstanding	157.42	157.42	158.72	160	160	160
Total Common Shares Outstanding	157.42	157.42	158.72	160	160	160
Working Capital	129.14	103.03	73.54	91.06	149.56	374.63
Book Value Per Share	3.29	3.26	3.46	3.84	4.02	4.10
Tangible Book Value	478.18	473.31	507.43	573.67	604.74	651.97
Tangible Book Value Per Share	3.04	3.01	3.20	3.59	3.78	4.07
Buildings	-	213.66	206.06	220.75	160.1	64.92
Machinery	-	295.63	288.66	303.46	266.14	236.58
Construction In Progress	-	61.56	69.31	87.64	108.42	55.62

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