SHA:688709 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	671.63	844.93	1,006	165.35	196.13	220.19
Trading Asset Securities	-	-	150	-	-	-
Cash & Short-Term Investments	671.63	844.93	1,156	165.35	196.13	220.19
Cash Growth	-29.75%	-26.93%	599.34%	-15.69%	-10.92%	-14.95%
Accounts Receivable	1,349	1,382	1,187	1,133	846.14	482.28
Other Receivables	5.09	5.39	6.97	5.26	5.17	6.23
Receivables	1,354	1,387	1,194	1,138	851.31	488.5
Inventory	922.14	844.23	473.95	336.28	302.13	215.97
Other Current Assets	239.34	224.1	86.16	48.75	68.05	78.64
Total Current Assets	3,187	3,300	2,911	1,689	1,418	1,003
Property, Plant & Equipment	800.06	804.73	603.99	438.28	343.94	279.59
Long-Term Investments	18.44	20.4	19.83	23.49	23.86	-
Other Intangible Assets	113.62	111.44	71.65	70.79	73.76	77.82
Long-Term Deferred Tax Assets	52.84	53.89	46.02	35.13	26.48	20.26
Long-Term Deferred Charges	0.9	1.17	0.71	0.58	2.25	2.64
Other Long-Term Assets	20.48	12.91	16.84	17.11	27.08	10.87
Total Assets	4,194	4,305	3,670	2,274	1,915	1,394
Accounts Payable	254.68	254.09	248.69	199.72	200.34	182.96
Accrued Expenses	27.85	29.37	36.64	103.61	89.56	65.26
Short-Term Debt	26.97	26.97	200.14	330.22	272.35	160.92
Current Portion of Long-Term Debt	100.46	174.38	73.41	77.42	0.22	0.13
Current Portion of Leases	-	-	3.14	0.06	5.89	6.75
Current Income Taxes Payable	28.37	26.91	7.28	9.97	10.81	4.29
Current Unearned Revenue	5.98	4.2	3.76	7.02	12.85	18.52
Other Current Liabilities	3.69	5.22	5.66	7.43	6.17	5.11
Total Current Liabilities	448	521.13	578.72	735.45	598.2	443.94
Long-Term Debt	600	600	176.6	214.4	306.3	94.72
Long-Term Leases	8.24	11.78	1.56	2.51	1.75	5.75
Long-Term Unearned Revenue	51.79	51.79	47.1	41.04	44.63	15.26
Long-Term Deferred Tax Liabilities	1.9	2.05	0.73	0.6	0.95	1.38
Other Long-Term Liabilities	140.12	113.96	35.13	-44.91	-16.08	30.04
Total Liabilities	1,250	1,301	839.84	949.09	935.75	591.09
Common Stock	636.85	636.85	636.85	541.25	541.25	541.25
Additional Paid-In Capital	1,525	1,522	1,498	147.51	118.12	207.4
Retained Earnings	748.67	815.77	674.9	624.06	312.99	31.77
Total Common Equity	2,911	2,975	2,809	1,313	972.36	780.42
Minority Interest	32.73	29.52	20.39	12.31	6.89	22.97
Shareholders' Equity	2,944	3,004	2,830	1,325	979.25	803.39
Total Liabilities & Equity	4,194	4,305	3,670	2,274	1,915	1,394
Total Debt	735.67	813.14	454.85	624.62	586.52	268.27
Net Cash (Debt)	-64.04	31.79	701.53	-459.26	-390.39	-48.08
Net Cash Growth	-	-95.47%	-	-	-	-
Net Cash Per Share	-0.10	0.05	1.15	-0.84	-0.72	-0.09
Filing Date Shares Outstanding	610.02	636.85	636.85	636.85	541.25	540.32
Total Common Shares Outstanding	610.02	636.85	636.85	541.25	541.25	540.32
Working Capital	2,739	2,779	2,332	953.37	819.44	559.36
Book Value Per Share	4.77	4.67	4.41	2.43	1.80	1.44
Tangible Book Value	2,797	2,863	2,738	1,242	898.61	702.61
Tangible Book Value Per Share	4.59	4.50	4.30	2.29	1.66	1.30
Buildings	-	-	6.94	6.94	6.94	6.94
Machinery	-	-	241.37	174.53	138.13	116
Construction In Progress	-	-	475.23	352.15	268.38	202.07

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