SHA:688692 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	2,970	3,159	2,980	1,113	858.64	773.86
Short-Term Investments	-	95.44	-	-	-	-
Cash & Short-Term Investments	2,970	3,255	2,980	1,113	858.64	773.86
Cash Growth	5.90%	9.21%	167.72%	29.65%	10.96%	-
Accounts Receivable	627.58	522	430.99	377.95	363.47	331.66
Other Receivables	53.41	79.75	39.4	25.48	22.2	28.13
Receivables	680.99	601.76	470.39	403.43	385.67	359.79
Inventory	10.64	6.52	2.53	73.11	72.42	46.57
Prepaid Expenses	-	-	-	12.27	11.14	-
Other Current Assets	70.36	18.76	11.23	9	8.5	12.6
Total Current Assets	3,732	3,882	3,465	1,611	1,336	1,193
Property, Plant & Equipment	473.92	437.81	262.63	155.76	84.21	69
Other Intangible Assets	18.59	18.69	16.64	17.52	14.39	14.01
Long-Term Accounts Receivable	-	3.76	4.17	4.26	2.57	2.5
Long-Term Deferred Tax Assets	58.63	51.14	36.7	31.34	26.04	18.92
Long-Term Deferred Charges	9.8	3.99	1.86	3.28	3.81	4.58
Other Long-Term Assets	6.55	1.67	0.69	1.76	2.7	2.29
Total Assets	4,310	4,399	3,787	1,825	1,470	1,304
Accounts Payable	46.05	96.24	52.75	61.32	53.25	37.17
Accrued Expenses	105.22	268.84	206.38	161.79	120.87	127.26
Current Portion of Leases	-	6.39	12.46	13.76	10.94	10.75
Current Income Taxes Payable	42.16	24.57	21.09	14.63	12.63	24.68
Current Unearned Revenue	71.68	157.14	98.36	80.94	87.16	115.52
Other Current Liabilities	5.32	9.72	45.02	3.81	2.73	3.67
Total Current Liabilities	279.62	562.9	436.05	336.25	287.58	319.05
Long-Term Leases	43.47	34.43	6.29	15.1	17.59	26.04
Long-Term Unearned Revenue	74.82	75.31	72.99	52.41	40.55	35.17
Other Long-Term Liabilities	3.82	2.74	9.18	11.64	7.73	4.12
Total Liabilities	401.73	675.37	524.51	415.41	353.44	384.38
Common Stock	113.24	113.24	76	57	57	57
Additional Paid-In Capital	1,871	1,836	1,860	292.9	292.9	292.9
Retained Earnings	1,902	1,750	1,302	1,061	765.28	564.69
Total Common Equity	3,886	3,700	3,238	1,411	1,115	914.59
Minority Interest	21.96	24.13	25.18	-1.7	1.46	5.16
Shareholders' Equity	3,908	3,724	3,263	1,410	1,117	919.75
Total Liabilities & Equity	4,310	4,399	3,787	1,825	1,470	1,304
Total Debt	52.66	40.81	18.75	28.86	28.53	36.79
Net Cash (Debt)	2,918	3,214	2,962	1,084	830.12	737.07
Net Cash Growth	4.59%	8.52%	173.12%	30.63%	12.62%	-
Net Cash Per Share	25.74	28.37	29.87	12.76	9.78	8.68
Filing Date Shares Outstanding	113	113.24	113.24	84.93	84.92	84.94
Total Common Shares Outstanding	113	113.24	113.24	84.93	84.92	84.94
Working Capital	3,453	3,319	3,029	1,275	1,049	873.78
Book Value Per Share	34.39	32.67	28.59	16.62	13.13	10.77
Tangible Book Value	3,867	3,681	3,221	1,394	1,101	900.58
Tangible Book Value Per Share	34.23	32.50	28.44	16.41	12.96	10.60
Buildings	-	370.14	7.34	7.34	7.34	7.34
Machinery	-	117.52	97	83.51	77.79	56.14
Construction In Progress	-	-	215.59	100.81	20.43	-

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