SHA:688690 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	272.04	274.21	271.99	339.76	250.76	376.38
Short-Term Investments	-	43.22	169.23	298.15	11.66	10.19
Trading Asset Securities	137.54	99.84	33.06	11	143.58	20
Cash & Short-Term Investments	409.58	417.27	474.29	648.92	406	406.57
Cash Growth	2.59%	-12.02%	-26.91%	59.83%	-0.14%	63.51%
Accounts Receivable	432.91	391.22	347.6	233.61	258.79	110.18
Other Receivables	4.2	3.4	33.35	6.07	4.6	0.83
Receivables	437.11	394.63	380.95	239.68	263.39	111.01
Inventory	370.25	367.34	340.34	272.18	220.88	125.24
Other Current Assets	94.92	43.71	24.53	17.7	12.54	12.17
Total Current Assets	1,312	1,223	1,220	1,178	902.8	654.99
Property, Plant & Equipment	661.18	655.34	631.38	461.28	355.52	257.33
Long-Term Investments	169.95	171.85	108.61	178.5	448.31	317.91
Goodwill	188.96	188.96	188.96	123.7	150.15	-
Other Intangible Assets	96.09	97.6	69.35	52	51.94	15.74
Long-Term Deferred Tax Assets	32.99	30.94	41.56	29.9	12.85	3.76
Long-Term Deferred Charges	30.71	31.98	35.6	17.71	16.9	12.98
Other Long-Term Assets	23.55	16.05	14.03	85	14.43	16.83
Total Assets	2,515	2,416	2,310	2,127	1,953	1,280
Accounts Payable	47.63	24.24	35.31	10.14	20.15	13.33
Accrued Expenses	58.65	114.42	88.78	64.57	86.83	91.22
Short-Term Debt	1.86	2.95	17.88	23.45	15.01	15.02
Current Portion of Long-Term Debt	5.49	11.18	63.65	7	-	-
Current Portion of Leases	-	7.09	9.26	8.71	3.09	1.86
Current Income Taxes Payable	30.87	16.43	16.02	21.17	17.89	9.7
Current Unearned Revenue	29.33	29.17	31.39	9.65	16.27	16.04
Other Current Liabilities	54.48	63.42	69.56	29.51	31.4	23.95
Total Current Liabilities	228.31	268.92	331.86	174.21	190.64	171.12
Long-Term Debt	-	0.07	10.81	145.64	121.11	10.01
Long-Term Leases	16.38	11.06	15.93	27.94	17.82	19.09
Long-Term Unearned Revenue	58.63	61.06	53.86	45.03	40.05	34.18
Long-Term Deferred Tax Liabilities	5.42	5.6	5.67	1.41	3.16	-
Other Long-Term Liabilities	-	0.78	3.39	2.17	-	-
Total Liabilities	308.74	347.49	421.53	396.4	372.78	234.4
Common Stock	403.81	403.81	403.81	403.81	403.17	400.15
Additional Paid-In Capital	817.61	810.19	764.54	721.9	594.93	341.63
Retained Earnings	815.93	747.8	637.03	574.26	547.22	300.5
Treasury Stock	-0.29	-61	-61	-	-	-
Comprehensive Income & Other	7.39	6.25	4.04	3.56	0.79	-0.01
Total Common Equity	2,044	1,907	1,748	1,704	1,546	1,042
Minority Interest	162.09	161.12	139.65	26.64	34.01	2.86
Shareholders' Equity	2,207	2,068	1,888	1,730	1,580	1,045
Total Liabilities & Equity	2,515	2,416	2,310	2,127	1,953	1,280
Total Debt	23.72	32.36	117.54	212.74	157.03	45.98
Net Cash (Debt)	385.85	384.91	356.75	436.18	248.96	360.59
Net Cash Growth	32.14%	7.89%	-18.21%	75.20%	-30.96%	47.99%
Net Cash Per Share	0.96	0.96	0.89	1.08	0.62	0.95
Filing Date Shares Outstanding	400.79	400.75	400.75	403.81	403.17	400.15
Total Common Shares Outstanding	400.79	400.75	400.75	403.81	403.17	400.15
Working Capital	1,084	954.03	888.25	1,004	712.16	483.87
Book Value Per Share	5.10	4.76	4.36	4.22	3.83	2.60
Tangible Book Value	1,759	1,620	1,490	1,528	1,344	1,027
Tangible Book Value Per Share	4.39	4.04	3.72	3.78	3.33	2.57
Buildings	-	357.74	348.03	130.59	128.27	123.04
Machinery	-	493.15	451.19	307.97	266.63	170.8
Construction In Progress	-	48.34	6.42	118.51	37.2	7.91

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