SHA:688668 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	193.35	178.91	62.71	216.41	754.79	41.53
Short-Term Investments	-	-	350.49	370.26	-	50
Trading Asset Securities	55.38	-	56.04	54.02	189.15	137.75
Cash & Short-Term Investments	248.73	178.91	469.24	640.69	943.93	229.28
Cash Growth	135.62%	-61.87%	-26.76%	-32.13%	311.69%	-40.91%
Accounts Receivable	609.68	583.23	412.95	293.73	301.3	228.62
Other Receivables	18.04	-0.34	3.95	-	2.43	0.21
Receivables	627.73	582.89	416.9	293.73	303.74	228.82
Inventory	408.16	402.96	334.33	268.08	229.37	177.67
Other Current Assets	28.19	53.2	33.84	15.55	9.01	8.2
Total Current Assets	1,313	1,218	1,254	1,218	1,486	643.97
Property, Plant & Equipment	1,085	1,067	753.95	578.56	432.31	304.67
Goodwill	95.92	95.92	-	-	-	-
Other Intangible Assets	139.93	141.13	132.69	74.22	73.6	44.79
Long-Term Deferred Tax Assets	18.69	13.9	8.16	7.52	4.03	3.11
Long-Term Deferred Charges	5.44	6.15	7.85	8.51	3.14	0.79
Other Long-Term Assets	84.82	62.72	19.41	63.27	17.8	12.67
Total Assets	2,742	2,605	2,176	1,950	2,017	1,010
Accounts Payable	283.83	284.62	214.16	115.89	120.97	124.29
Accrued Expenses	44.56	64.88	48.14	33.03	30.23	27.92
Short-Term Debt	60	-	-	-	70.07	16.02
Current Portion of Leases	8.48	10.35	4.42	7.53	3.85	-
Current Income Taxes Payable	24.32	8.59	3.24	0.61	0.67	2.7
Current Unearned Revenue	8.13	5.6	1.58	2.23	1.94	0.81
Other Current Liabilities	70.68	67.28	6.22	4.27	5.84	1.44
Total Current Liabilities	500.01	441.32	277.76	163.56	233.58	173.18
Long-Term Debt	80	80.06	-	-	-	-
Long-Term Leases	12.39	13.14	7.13	11.11	15.33	-
Long-Term Unearned Revenue	73.08	76.47	85.07	43.13	34.57	31.06
Long-Term Deferred Tax Liabilities	5.65	1.44	1.61	2.06	2.31	-
Other Long-Term Liabilities	-	-	0.36	3.37	-	-
Total Liabilities	671.14	612.43	371.94	223.23	285.78	204.24
Common Stock	139.27	139.27	138.73	98.84	98.84	85.14
Additional Paid-In Capital	1,287	1,285	1,258	1,282	1,283	489.21
Retained Earnings	630.61	550.28	406.97	346.17	348.79	231.41
Comprehensive Income & Other	0.73	3.99	0.98	-0.24	0.36	-
Total Common Equity	2,057	1,979	1,804	1,727	1,731	805.76
Minority Interest	13.9	13.75	-	-	-	-
Shareholders' Equity	2,071	1,992	1,804	1,727	1,731	805.76
Total Liabilities & Equity	2,742	2,605	2,176	1,950	2,017	1,010
Total Debt	160.88	103.55	11.55	18.64	89.25	16.02
Net Cash (Debt)	87.86	75.36	457.69	622.05	854.68	213.26
Net Cash Growth	113.52%	-83.53%	-26.42%	-27.22%	300.76%	-39.58%
Net Cash Per Share	0.63	0.54	3.32	4.49	7.07	1.78
Filing Date Shares Outstanding	139.27	139.2	138.73	138.37	138.37	119.2
Total Common Shares Outstanding	139.27	139.2	138.73	138.37	138.37	119.2
Working Capital	812.8	776.65	976.56	1,054	1,252	470.79
Book Value Per Share	14.77	14.21	13.01	12.48	12.51	6.76
Tangible Book Value	1,821	1,742	1,672	1,653	1,658	760.97
Tangible Book Value Per Share	13.08	12.51	12.05	11.94	11.98	6.38
Buildings	-	424.87	265.27	192.69	190.42	97.5
Machinery	-	748.73	545.28	418.16	335.33	237.59
Construction In Progress	-	177.28	154.59	116.49	7.78	54.01

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