SHA:688665 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	244.33	248.38	142.68	265.45	427.98	504.26
Trading Asset Securities	2.79	2.79	32.8	-	-	-
Cash & Short-Term Investments	247.12	251.18	175.48	265.45	427.98	504.26
Cash Growth	46.86%	43.13%	-33.89%	-37.98%	-15.13%	553.00%
Accounts Receivable	484.59	493.57	470.15	298.16	192.78	128.92
Other Receivables	27.54	8.17	3.92	3.85	2.56	0.68
Receivables	512.13	501.74	474.08	302.01	195.34	129.6
Inventory	325.38	314.66	264.75	182.1	177.42	152.3
Other Current Assets	38.14	33.54	32.25	20	15.05	14.4
Total Current Assets	1,123	1,101	946.56	769.57	815.78	800.56
Property, Plant & Equipment	449.71	452.34	443.01	353.41	258.9	186.36
Long-Term Investments	55.83	56.64	51.02	50	-	-
Goodwill	28.21	28.21	28.21	-	-	-
Other Intangible Assets	37.41	37.74	39.76	29	26.64	25.38
Long-Term Deferred Tax Assets	20.83	20.09	15.69	8.88	5.59	3.64
Long-Term Deferred Charges	13.6	13.07	12.73	8.55	8.62	8.84
Other Long-Term Assets	28.81	26.48	16.71	23.41	16.42	11.09
Total Assets	1,757	1,736	1,554	1,243	1,132	1,036
Accounts Payable	121.54	166.8	216.02	146.2	124.93	109.01
Accrued Expenses	21.7	48.7	47.81	39.99	28.36	19.02
Short-Term Debt	196.21	165.9	108.01	22.17	22.72	33.34
Current Portion of Long-Term Debt	25.64	23.65	9.37	19.82	0.23	-
Current Portion of Leases	-	4.83	4.93	2.75	0.47	0.3
Current Income Taxes Payable	8.15	3.3	3.45	4.31	3.15	13.24
Current Unearned Revenue	12.25	11	10.15	7.23	9.5	14.07
Other Current Liabilities	76.56	53.33	20.38	14.17	17.12	12.37
Total Current Liabilities	462.04	477.52	420.12	256.64	206.47	201.35
Long-Term Debt	36.9	33.7	32.4	-	24.5	-
Long-Term Leases	9.76	8.49	8.81	11.8	4.58	0.25
Long-Term Unearned Revenue	21.39	21.48	16.79	3.52	1.66	1.13
Long-Term Deferred Tax Liabilities	3.1	3.28	3.56	1.32	1.6	-
Total Liabilities	533.19	544.48	481.68	273.29	238.81	202.73
Common Stock	100.55	100.55	100.1	70	70	70
Additional Paid-In Capital	497.99	496.82	474.36	489.33	485.02	484.21
Retained Earnings	586.07	552.3	454.85	402.3	332.61	274.64
Comprehensive Income & Other	1.15	3.24	-1.24	-	-	-
Total Common Equity	1,186	1,153	1,028	961.63	887.62	828.86
Minority Interest	38.23	38.29	43.93	7.89	5.52	4.29
Shareholders' Equity	1,224	1,191	1,072	969.53	893.15	833.15
Total Liabilities & Equity	1,757	1,736	1,554	1,243	1,132	1,036
Total Debt	268.5	236.57	163.52	56.54	52.5	33.89
Net Cash (Debt)	-21.38	14.61	11.96	208.91	375.48	470.38
Net Cash Growth	-	22.13%	-94.27%	-44.36%	-20.17%	736.63%
Net Cash Per Share	-0.21	0.15	0.12	2.09	3.75	4.91
Filing Date Shares Outstanding	99.32	100.55	100.1	100.1	100.1	100.1
Total Common Shares Outstanding	99.32	100.55	100.1	100.1	100.1	100.1
Working Capital	660.73	623.6	526.43	512.93	609.31	599.21
Book Value Per Share	11.94	11.47	10.27	9.61	8.87	8.28
Tangible Book Value	1,120	1,087	960.1	932.63	860.98	803.47
Tangible Book Value Per Share	11.28	10.81	9.59	9.32	8.60	8.03
Buildings	-	343.29	325.99	269.25	127.11	117.46
Machinery	-	261.8	233.71	138.6	92.55	56.69
Construction In Progress	-	3.78	2.95	10.68	91.84	55.64

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