SHA:688708 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	153.59	412.89	1,927	591.59	336.35	331.02
Trading Asset Securities	403.99	255.03	-	-	-	-
Cash & Short-Term Investments	557.58	667.92	1,927	591.59	336.35	331.02
Cash Growth	-36.54%	-65.34%	225.80%	75.88%	1.61%	-
Accounts Receivable	1,507	1,495	1,093	929.36	639.97	335.22
Other Receivables	0.95	0.67	1.33	6.78	1.21	1.01
Receivables	1,508	1,496	1,094	936.14	641.18	336.23
Inventory	290.63	222.72	114.7	78.44	96.55	49.28
Other Current Assets	60.72	60.88	4.43	5.44	9.21	7.02
Total Current Assets	2,417	2,447	3,140	1,612	1,083	723.55
Property, Plant & Equipment	468.39	474.79	472.3	332.15	270.85	109.09
Other Intangible Assets	21.83	22.21	22.06	23.83	24.33	11.95
Long-Term Deferred Tax Assets	22.12	25.37	10.48	8.99	6.22	3.27
Other Long-Term Assets	1,047	1,041	3.91	0.42	14.03	3.78
Total Assets	3,976	4,011	3,649	1,977	1,399	851.64
Accounts Payable	340.1	363.97	305.27	161.95	101.41	23.1
Accrued Expenses	18.94	26.52	31.4	37	45.54	49.91
Current Portion of Long-Term Debt	0.03	0.03	-	-	-	-
Current Portion of Leases	-	-	0.16	-	-	0.1
Current Income Taxes Payable	3.22	39.8	31.34	31.77	52.38	41.89
Current Unearned Revenue	32.56	26.97	2.25	2.97	4.16	2.18
Other Current Liabilities	17.29	22.95	33.52	12.65	13.08	16.02
Total Current Liabilities	412.12	480.24	403.94	246.33	216.56	133.19
Long-Term Leases	0.02	0.03	0.01	-	-	-
Long-Term Unearned Revenue	30.72	28.33	35.31	37.65	52.06	33.2
Long-Term Deferred Tax Liabilities	-	-	-	3.19	3.97	-
Other Long-Term Liabilities	-	-	-	-	-0	-
Total Liabilities	442.87	508.59	439.27	287.17	272.59	166.39
Common Stock	400.01	400.01	400.01	360	360	360
Additional Paid-In Capital	1,145	1,140	1,128	164.91	164.91	164.91
Retained Earnings	1,988	1,963	1,682	1,165	601.23	160.34
Comprehensive Income & Other	-	-	-	-	-	0
Total Common Equity	3,533	3,503	3,210	1,690	1,126	685.25
Minority Interest	-0.14	-0.5	-	-	-	-
Shareholders' Equity	3,533	3,502	3,210	1,690	1,126	685.25
Total Liabilities & Equity	3,976	4,011	3,649	1,977	1,399	851.64
Total Debt	0.05	0.06	0.18	-	-	0.1
Net Cash (Debt)	557.53	667.87	1,927	591.59	336.35	330.92
Net Cash Growth	-36.54%	-65.34%	225.77%	75.88%	1.64%	-
Net Cash Per Share	1.38	1.67	5.30	1.64	0.93	0.91
Filing Date Shares Outstanding	429.46	400.01	400.01	360	361.26	363.42
Total Common Shares Outstanding	429.46	400.01	400.01	360	361.26	363.42
Working Capital	2,005	1,967	2,736	1,365	866.74	590.36
Book Value Per Share	8.23	8.76	8.02	4.69	3.12	1.89
Tangible Book Value	3,512	3,481	3,188	1,666	1,102	673.3
Tangible Book Value Per Share	8.18	8.70	7.97	4.63	3.05	1.85
Buildings	-	-	164.32	126.45	81.71	80.97
Machinery	-	-	186.11	142.11	78.25	56
Construction In Progress	-	-	228.68	134.78	157.46	2.21

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