SHA:688685 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	216.81	211.03	77.14	94.47	277.1	264.06
Trading Asset Securities	-	-	-	-	25	70
Cash & Short-Term Investments	216.81	211.03	77.14	94.47	302.1	334.06
Cash Growth	-13.01%	173.56%	-18.34%	-68.73%	-9.56%	237.86%
Accounts Receivable	424.88	451.67	537.79	215.83	216.92	192.86
Other Receivables	0.66	10.19	157.17	4.9	2.33	0.42
Receivables	425.54	461.86	694.96	220.73	219.25	193.28
Inventory	198.51	187.83	74.38	93.99	59.41	42.93
Other Current Assets	195.73	182.48	72.32	7.18	13.98	10.47
Total Current Assets	1,037	1,043	918.8	416.37	594.75	580.73
Property, Plant & Equipment	1,460	1,506	934.54	280.77	240.7	245.74
Long-Term Investments	76.95	17.12	-	3.11	3.62	4.38
Goodwill	0.93	0.93	0.93	0.93	0.93	-
Other Intangible Assets	29.27	30.65	35.32	34.53	18.49	14.92
Long-Term Deferred Tax Assets	30.28	31.26	15.97	4.33	3.62	3.98
Long-Term Deferred Charges	12.6	13.99	9.62	6.03	1.21	1.79
Other Long-Term Assets	106.73	111.16	258.75	121.65	40.31	14.82
Total Assets	2,753	2,754	2,174	867.71	903.64	866.35
Accounts Payable	273.02	447.28	485.34	123.67	113.82	93.57
Accrued Expenses	11.28	13.98	27.94	14.14	18.29	13.26
Short-Term Debt	452.46	293	588.21	10.01	6.01	-
Current Portion of Long-Term Debt	135.55	96.19	-	-	-	-
Current Portion of Leases	-	-	33.33	-	0.29	-
Current Income Taxes Payable	7.35	7.73	16.55	-	0.86	1.58
Current Unearned Revenue	56.86	54.1	7.28	0.03	3	1.8
Other Current Liabilities	20.35	22.24	4.93	4.32	6.17	13
Total Current Liabilities	956.88	934.52	1,164	152.17	148.43	123.2
Long-Term Debt	698.55	704.93	191.86	-	15.02	40.05
Long-Term Leases	4.59	7.42	7.76	-	-	-
Long-Term Unearned Revenue	24.76	23.61	11.78	12.85	13.95	17.78
Other Long-Term Liabilities	197.42	220.37	-	-	-	-
Total Liabilities	1,882	1,891	1,375	165.02	177.41	181.04
Common Stock	146.85	146.85	145.43	111.87	111.87	111.87
Additional Paid-In Capital	443.24	439.08	382.57	370.95	369.79	369.79
Retained Earnings	203.46	200.83	206.09	202.72	221.03	178.56
Comprehensive Income & Other	7.45	7.54	7.04	6.5	6.95	5.07
Total Common Equity	800.99	794.3	741.13	692.03	709.64	665.29
Minority Interest	70.08	68.83	57.84	10.66	16.59	20.03
Shareholders' Equity	871.07	863.13	798.97	702.7	726.23	685.31
Total Liabilities & Equity	2,753	2,754	2,174	867.71	903.64	866.35
Total Debt	1,291	1,102	821.16	10.01	21.31	40.05
Net Cash (Debt)	-1,074	-890.51	-744.02	84.46	280.79	294
Net Cash Growth	-	-	-	-69.92%	-4.49%	5203.68%
Net Cash Per Share	-7.51	-6.08	-5.06	0.55	1.93	2.26
Filing Date Shares Outstanding	131.16	146.85	145.43	145.43	145.43	145.43
Total Common Shares Outstanding	131.16	146.85	145.43	145.43	145.43	145.43
Working Capital	79.7	108.68	-244.78	264.21	446.32	457.53
Book Value Per Share	6.11	5.41	5.10	4.76	4.88	4.57
Tangible Book Value	770.79	762.72	704.88	656.57	690.22	650.37
Tangible Book Value Per Share	5.88	5.19	4.85	4.51	4.75	4.47
Buildings	-	-	109.4	107.74	107.74	93.78
Machinery	-	-	520.73	237.23	203.51	210.96
Construction In Progress	-	-	429.1	35.23	5.09	0.2