SHA:688702 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	598.39	570.45	671.28	1,031	365.03	376.26
Trading Asset Securities	546.47	825.06	643.85	600.69	-	-
Cash & Short-Term Investments	1,145	1,396	1,315	1,632	365.03	376.26
Cash Growth	-17.63%	6.11%	-19.41%	347.02%	-2.98%	142.67%
Accounts Receivable	147.11	197.23	196.42	103.8	168.56	103.45
Other Receivables	1.45	0.89	0.58	0.43	0.98	1.25
Receivables	148.56	198.12	196.99	104.23	169.54	104.69
Inventory	333.25	374.6	735.39	716.26	281.31	141.93
Prepaid Expenses	-	-	-	-	4.57	0.67
Other Current Assets	426.23	245.86	101.37	411.13	202.18	206.41
Total Current Assets	2,053	2,214	2,349	2,863	1,023	829.96
Property, Plant & Equipment	187.74	186.55	194.44	218.21	227.12	158.46
Other Intangible Assets	36.77	19.02	10.6	28.22	53.41	65.89
Long-Term Deferred Charges	3.5	4.17	6.84	11.28	11.12	5.6
Other Long-Term Assets	116.59	110.3	101.35	23.79	2.47	41.74
Total Assets	2,458	2,534	2,662	3,145	1,317	1,102
Accounts Payable	55.4	69.34	66.86	53.15	76.8	148.75
Accrued Expenses	16.94	56.29	64.42	46.25	40.14	32.07
Short-Term Debt	-	-	-	376.16	690.8	384.49
Current Portion of Long-Term Debt	0.67	0.66	-	-	16.18	20.08
Current Portion of Leases	-	-	0.32	2.38	1.87	-
Current Income Taxes Payable	11.4	8.69	-	-	-	-
Current Unearned Revenue	64.65	82.61	130.73	242.36	4.06	9.16
Other Current Liabilities	16.45	20.6	20.55	33.88	6.96	5.28
Total Current Liabilities	165.51	238.2	282.87	754.17	836.82	599.81
Long-Term Debt	-	-	-	-	56.53	45.93
Long-Term Leases	1.12	1.33	-	0.17	2.05	-
Long-Term Unearned Revenue	59.04	63.19	45.95	21.54	51.72	61.79
Other Long-Term Liabilities	-	-	-	-	7.18	9.35
Total Liabilities	225.67	302.71	328.83	775.88	954.29	716.88
Common Stock	410	410	410	410	360	360
Additional Paid-In Capital	2,105	2,087	2,039	2,007	30.6	23.49
Retained Earnings	-282.91	-265.88	-115.94	-47.67	-28.14	1.28
Shareholders' Equity	2,232	2,231	2,333	2,369	362.46	384.77
Total Liabilities & Equity	2,458	2,534	2,662	3,145	1,317	1,102
Total Debt	1.79	1.99	0.32	378.7	767.42	450.49
Net Cash (Debt)	1,143	1,394	1,315	1,253	-402.39	-74.23
Net Cash Growth	-17.74%	5.99%	4.93%	-	-	-
Net Cash Per Share	2.74	3.44	3.27	3.21	-1.09	-0.21
Filing Date Shares Outstanding	425.74	410	410	410	360	345.65
Total Common Shares Outstanding	425.74	410	410	410	360	345.65
Working Capital	1,887	1,976	2,066	2,109	185.82	230.15
Book Value Per Share	5.24	5.44	5.69	5.78	1.01	1.11
Tangible Book Value	2,195	2,212	2,323	2,341	309.05	318.88
Tangible Book Value Per Share	5.16	5.40	5.67	5.71	0.86	0.92
Buildings	-	-	163.22	163.22	163.22	-
Machinery	-	-	137.03	133.35	109.06	71.79
Construction In Progress	-	-	-	-	-	117.93

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