SHA:688670 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	67.75	84.19	83.42	70.44	174.73	36.69
Short-Term Investments	-	-	153.55	361.95	-	-
Trading Asset Securities	81.01	109.05	195.39	175.42	390.57	657.31
Cash & Short-Term Investments	148.77	193.25	432.37	607.82	565.3	694
Cash Growth	-35.95%	-55.31%	-28.87%	7.52%	-18.55%	442.13%
Accounts Receivable	116.91	139.74	112.96	81.24	341.11	342.76
Other Receivables	0.46	0.48	0.5	0.48	0.54	0.89
Receivables	117.37	140.22	113.45	81.71	341.65	343.65
Inventory	32.58	16.33	34.93	21.98	31.95	27.98
Other Current Assets	8.92	5.86	1.83	10.74	12.11	4.08
Total Current Assets	307.64	355.66	582.58	722.24	951.02	1,070
Property, Plant & Equipment	809.89	813.3	809.46	794.95	785.9	523.89
Long-Term Investments	83.15	92.87	-	-	-	-
Other Intangible Assets	28.8	30.1	30.22	35.32	40.41	45.46
Long-Term Deferred Tax Assets	74.5	74.5	55.81	33.31	17.75	21.79
Long-Term Deferred Charges	51.93	52.14	51.36	42.42	27.81	15.46
Other Long-Term Assets	0.04	0.05	3.48	3.36	3.89	78.19
Total Assets	1,356	1,419	1,533	1,632	1,827	1,754
Accounts Payable	54.3	77.9	25.06	11.48	9.66	7.52
Accrued Expenses	5.57	10.02	62.7	62.87	144.52	132.36
Short-Term Debt	70.05	68.05	47.63	64.06	42.04	10.01
Current Portion of Long-Term Debt	2	2	-	-	-	-
Current Income Taxes Payable	0.72	1.12	-	-	-	-
Current Unearned Revenue	-	-	-	-	0.05	0.05
Other Current Liabilities	69.37	82.57	75.49	88.93	106.23	71.73
Total Current Liabilities	202.02	241.66	210.88	227.34	302.5	221.68
Long-Term Debt	28.02	28.01	-	-	-	-
Long-Term Unearned Revenue	24.86	25.12	25.11	25.56	25.98	25.67
Long-Term Deferred Tax Liabilities	0.03	0.03	0.09	0.06	0.09	0.35
Other Long-Term Liabilities	24.29	24.68	19.25	7.56	38.54	45.42
Total Liabilities	279.22	319.5	255.33	260.52	367.11	293.12
Common Stock	123.2	123.2	123.2	123.2	88	88
Additional Paid-In Capital	1,116	1,116	1,116	1,116	1,151	1,151
Retained Earnings	-162.67	-140.29	38.18	131.68	220.27	222.73
Shareholders' Equity	1,077	1,099	1,278	1,371	1,460	1,461
Total Liabilities & Equity	1,356	1,419	1,533	1,632	1,827	1,754
Total Debt	100.07	98.05	47.63	64.06	42.04	10.01
Net Cash (Debt)	48.7	95.19	384.74	543.76	523.26	683.99
Net Cash Growth	-73.48%	-75.26%	-29.24%	3.92%	-23.50%	-
Net Cash Per Share	0.40	0.77	3.13	4.44	4.28	6.52
Filing Date Shares Outstanding	124.37	123.2	123.2	123.2	123.2	123.2
Total Common Shares Outstanding	124.37	123.2	123.2	123.2	123.2	123.2
Working Capital	105.62	114	371.7	494.91	648.52	848.02
Book Value Per Share	8.66	8.92	10.37	11.13	11.85	11.86
Tangible Book Value	1,048	1,069	1,247	1,336	1,419	1,416
Tangible Book Value Per Share	8.43	8.68	10.12	10.84	11.52	11.49
Buildings	-	-	117.03	107.68	107.22	107.18
Machinery	-	-	221.67	206.49	204.15	196.33
Construction In Progress	-	-	661.51	649.46	619.86	341.8

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