SHA:688693 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	282.57	282.11	173.39	394.14	95.3	177.94
Trading Asset Securities	165.41	196.73	422.71	290.57	-	9.95
Cash & Short-Term Investments	447.98	478.83	596.09	684.7	95.3	187.89
Cash Growth	-21.35%	-19.67%	-12.94%	618.44%	-49.28%	135.64%
Accounts Receivable	151.6	149.67	108.07	110.06	85.99	31.55
Other Receivables	16.94	16.89	3.66	1.61	6.06	19.45
Receivables	168.54	166.56	111.73	111.66	92.04	51
Inventory	170.66	147.22	114.32	137.96	116.74	66.94
Other Current Assets	12.73	8.15	7.07	11.82	18.13	12.57
Total Current Assets	799.91	800.77	829.22	946.14	322.21	318.4
Property, Plant & Equipment	91.2	95.93	105.27	111.02	113.49	61.16
Long-Term Investments	10.2	10.2	10	-	-	-
Other Intangible Assets	4.64	5.02	0.45	1	1.52	2.19
Long-Term Deferred Tax Assets	16.79	16.7	11.21	2.41	1.11	0.31
Long-Term Deferred Charges	1.58	1.91	3.12	0.34	0.78	1.36
Other Long-Term Assets	5.08	5.17	5.5	5.41	5.03	13.33
Total Assets	929.39	935.69	964.77	1,066	444.13	396.76
Accounts Payable	82.32	76.4	30.27	26.6	50.25	39.54
Accrued Expenses	8.99	13.77	10.01	5.42	5.16	5.39
Short-Term Debt	26.26	9.61	-	0.6	25.62	38.95
Current Portion of Long-Term Debt	1.29	-	-	-	-	1.01
Current Portion of Leases	-	1.48	2.7	0.47	0.83	0.89
Current Unearned Revenue	2.73	10.07	6.73	7.14	13.39	17.18
Other Current Liabilities	12.45	12.99	5.43	2.25	8.04	5.43
Total Current Liabilities	135.02	124.31	55.14	42.48	103.29	108.39
Long-Term Debt	-	-	-	-	-	8.5
Long-Term Leases	1.16	1.1	2.25	0.25	0.26	0.99
Long-Term Unearned Revenue	3.29	2.73	-	-	-	-
Long-Term Deferred Tax Liabilities	1.15	1.26	1.13	0.24	0.24	0.01
Other Long-Term Liabilities	1.65	1.03	1.03	1.03	0.62	0.26
Total Liabilities	142.27	130.43	59.56	44	104.41	118.15
Common Stock	73.68	73.68	73.68	73.68	55.26	55.26
Additional Paid-In Capital	835.76	835.75	835.7	835.7	189.32	189.32
Retained Earnings	-112.95	-94.93	-4.15	112.94	95.14	34.03
Treasury Stock	-19.99	-19.99	-	-	-	-
Comprehensive Income & Other	0.15	0.15	-	-	-	-
Total Common Equity	776.66	794.66	905.23	1,022	339.72	278.61
Minority Interest	10.47	10.61	-0.03	-	-	-
Shareholders' Equity	787.13	805.27	905.21	1,022	339.72	278.61
Total Liabilities & Equity	929.39	935.69	964.77	1,066	444.13	396.76
Total Debt	28.7	12.18	4.96	1.32	26.71	50.34
Net Cash (Debt)	419.27	466.65	591.14	683.39	68.6	137.55
Net Cash Growth	-24.88%	-21.06%	-13.50%	896.22%	-50.13%	115.82%
Net Cash Per Share	5.79	6.37	8.03	11.14	1.25	2.67
Filing Date Shares Outstanding	72.06	73.08	73.68	73.68	55.26	55.26
Total Common Shares Outstanding	72.06	73.08	73.68	73.68	55.26	55.26
Working Capital	664.89	676.46	774.07	903.67	218.92	210.01
Book Value Per Share	10.78	10.87	12.29	13.87	6.15	5.04
Tangible Book Value	772.01	789.64	904.78	1,021	338.21	276.42
Tangible Book Value Per Share	10.71	10.81	12.28	13.86	6.12	5.00
Buildings	-	41.39	41.39	41.39	41.39	-
Machinery	-	107.97	98.48	90.33	76.62	8.85
Construction In Progress	-	6.36	0.65	2.21	4.66	55.28

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