SHA:688663 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	943.29	1,140	861.11	691.94	414.83	298.08
Short-Term Investments	-	-	-	81.24	130	130
Trading Asset Securities	-	-	-	-	146.11	172.74
Cash & Short-Term Investments	943.29	1,140	861.11	773.18	690.94	600.81
Cash Growth	9.64%	32.38%	11.37%	11.90%	15.00%	201.81%
Accounts Receivable	1,331	1,417	1,431	1,109	1,027	750.74
Other Receivables	25.18	19.93	159.78	41.59	37.95	17.01
Receivables	1,356	1,437	1,591	1,151	1,065	767.75
Inventory	994.73	850.79	562.07	474.39	377.99	235.18
Other Current Assets	27.53	15.26	104.9	102.75	98.91	40.57
Total Current Assets	3,322	3,443	3,119	2,501	2,233	1,644
Property, Plant & Equipment	237.71	241.79	240.15	187.86	133.73	122.16
Other Intangible Assets	31.66	32.14	32.35	32.22	33.93	27.97
Long-Term Deferred Tax Assets	25.84	28.43	21.01	16.07	12.51	7.71
Long-Term Deferred Charges	1.6	1.79	0.66	1.47	1.86	-
Other Long-Term Assets	2.2	0.6	2.68	16.26	5.03	3.19
Total Assets	3,621	3,748	3,416	2,755	2,420	1,805
Accounts Payable	1,445	1,542	1,435	974.31	829.65	428.56
Accrued Expenses	67.83	143.58	142.12	127.56	66.77	33.17
Short-Term Debt	-	-	-	1.66	9.01	-
Current Portion of Leases	-	2.77	1.58	-	-	-
Current Income Taxes Payable	5.82	1.03	9.62	8.3	9.02	5.77
Current Unearned Revenue	438.44	371.99	135.86	139.61	105.28	81.27
Other Current Liabilities	174.53	209.59	226.86	210.27	248.56	185.83
Total Current Liabilities	2,138	2,271	1,951	1,462	1,268	734.61
Long-Term Leases	9.94	10.16	1.64	-	-	-
Long-Term Unearned Revenue	4.19	4.42	5.74	5.51	6.88	6.12
Long-Term Deferred Tax Liabilities	0.11	0.11	-	-	-	-
Other Long-Term Liabilities	1.75	2.35	-	-	-	-
Total Liabilities	2,154	2,288	1,959	1,467	1,275	740.73
Common Stock	141.47	141.38	139.95	139.95	139.95	139.95
Additional Paid-In Capital	614.45	612.34	612.95	585.27	570.17	562.89
Retained Earnings	666.92	662.74	650.47	544.12	434.48	361.77
Treasury Stock	-45	-45	-	-	-	-
Comprehensive Income & Other	8.98	8.19	7.97	3.63	-	-
Total Common Equity	1,387	1,380	1,411	1,273	1,145	1,065
Minority Interest	79.38	80.02	45.72	14.82	0.24	-
Shareholders' Equity	1,466	1,460	1,457	1,288	1,145	1,065
Total Liabilities & Equity	3,621	3,748	3,416	2,755	2,420	1,805
Total Debt	16.72	12.93	3.22	1.66	9.01	-
Net Cash (Debt)	926.56	1,127	857.89	771.52	681.93	600.81
Net Cash Growth	8.05%	31.37%	11.20%	13.14%	13.50%	235.56%
Net Cash Per Share	6.71	8.15	6.15	5.50	4.82	4.66
Filing Date Shares Outstanding	139.51	139.43	139.95	139.95	139.95	139.95
Total Common Shares Outstanding	139.51	139.43	139.95	139.95	139.95	139.95
Working Capital	1,183	1,172	1,168	1,039	964.67	909.71
Book Value Per Share	9.94	9.89	10.08	9.10	8.18	7.61
Tangible Book Value	1,355	1,348	1,379	1,241	1,111	1,037
Tangible Book Value Per Share	9.71	9.66	9.85	8.87	7.94	7.41
Buildings	-	235.31	229.67	140.89	125.92	122.88
Machinery	-	141.72	131.67	73.7	70.71	59.83
Construction In Progress	-	1.29	5.04	59.28	11.78	3.99

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