SHA:688691 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	762.23	817.09	854.67	412.06	427.24	420.91
Short-Term Investments	-	237.41	100.49	108.3	83.55	-
Trading Asset Securities	124.3	95.17	90	300.88	280.93	150.2
Cash & Short-Term Investments	886.53	1,150	1,045	821.23	791.72	571.11
Cash Growth	-6.34%	10.00%	27.27%	3.73%	38.63%	3.21%
Accounts Receivable	23.17	55.49	89.7	44.03	52.58	73.75
Other Receivables	0.8	0.8	16.75	0.3	6.96	2.8
Receivables	23.96	56.29	106.45	44.33	59.54	76.55
Inventory	106.41	81.32	107.24	202.02	175.26	119.83
Other Current Assets	260.78	58.71	55.56	62.92	76.62	9.06
Total Current Assets	1,278	1,346	1,314	1,131	1,103	776.55
Property, Plant & Equipment	37.34	41.29	43.16	42.16	37.57	37.07
Long-Term Investments	126.91	126.18	271.78	80.83	104.8	183.35
Other Intangible Assets	113.9	94.98	99.91	86.14	90.01	88.39
Long-Term Deferred Tax Assets	33.79	33.47	6.11	6.98	15.22	21.22
Long-Term Deferred Charges	5.46	5.76	-	0.32	1.67	1.87
Other Long-Term Assets	-	-	-	7.02	-	-
Total Assets	1,595	1,648	1,735	1,354	1,352	1,108
Accounts Payable	78.72	97.2	75.36	107.76	122.59	231.92
Accrued Expenses	41.54	32.91	33.77	45.87	39.2	28.34
Current Portion of Leases	-	5.3	5.76	4.92	4.22	-
Current Income Taxes Payable	1.26	0.22	0.94	0.92	0.41	7.94
Current Unearned Revenue	222.18	229.8	212.66	307.25	457.68	291.02
Other Current Liabilities	30.58	33.34	36.01	61.27	85.25	40.3
Total Current Liabilities	379.14	398.78	364.49	528	709.36	599.51
Long-Term Leases	5.62	6.56	1.81	6.58	2.86	5.85
Long-Term Unearned Revenue	3.94	4.27	3.69	-	5.08	6.43
Total Liabilities	388.7	409.61	370	534.58	717.3	611.78
Common Stock	120	120	120	90	90	90
Additional Paid-In Capital	933.77	931.08	920.37	418.38	407.69	372.48
Retained Earnings	151.82	180.35	311.07	301.39	130.91	36.27
Comprehensive Income & Other	0.8	6.62	13.92	9.61	6.5	-2.08
Shareholders' Equity	1,206	1,238	1,365	819.38	635.1	496.67
Total Liabilities & Equity	1,595	1,648	1,735	1,354	1,352	1,108
Total Debt	10.46	11.86	7.57	11.5	7.08	5.85
Net Cash (Debt)	876.07	1,138	1,038	809.73	784.64	565.26
Net Cash Growth	-6.80%	9.66%	28.14%	3.20%	38.81%	2.15%
Net Cash Per Share	7.28	9.49	9.52	8.98	8.68	6.32
Filing Date Shares Outstanding	118.87	120	120	120	90.35	90
Total Common Shares Outstanding	118.87	120	120	90	90.35	90
Working Capital	898.54	947.2	949.92	602.51	393.78	177.05
Book Value Per Share	10.15	10.32	11.38	9.10	7.03	5.52
Tangible Book Value	1,092	1,143	1,265	733.24	545.09	408.27
Tangible Book Value Per Share	9.19	9.53	10.55	8.15	6.03	4.54
Buildings	-	7.3	7.3	7.3	7.3	7.3
Machinery	-	65.17	61.27	49.55	44.73	33.09
Order Backlog	-	900	-	-	-	-

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