SHA:688710 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	1,342	1,287	1,370	1,158	1,255	638.77
Short-Term Investments	-	-	-	-	-	12.33
Cash & Short-Term Investments	1,342	1,287	1,370	1,158	1,255	651.1
Cash Growth	2.07%	-6.02%	18.25%	-7.69%	92.70%	223.82%
Accounts Receivable	336.65	329.62	359.88	273.91	228.07	139.5
Other Receivables	8.48	8.26	22.74	17.81	6.06	-
Receivables	345.13	337.88	382.62	291.72	234.13	139.54
Inventory	441.26	430.46	332.02	510.54	489.47	396.85
Other Current Assets	164.53	123.16	83.83	25.51	34.48	68.05
Total Current Assets	2,293	2,179	2,168	1,986	2,013	1,256
Property, Plant & Equipment	825.76	786.74	703.96	438.88	444.53	443.69
Other Intangible Assets	102.72	103.57	105.52	109.47	10.91	5.39
Long-Term Deferred Tax Assets	26.32	25.32	17.94	13.21	7.78	7.58
Long-Term Deferred Charges	65.08	66.8	70.45	77.02	81.57	73.78
Other Long-Term Assets	59.79	92.42	153.65	150.86	60.72	16.62
Total Assets	3,372	3,253	3,220	2,775	2,618	1,803
Accounts Payable	44.85	69	46.82	83.99	59.4	83.53
Accrued Expenses	28.57	34.89	38.99	75.29	65.6	60.73
Short-Term Debt	-	-	0.5	8.01	-	-
Current Portion of Long-Term Debt	12.64	11.09	-	-	-	39.06
Current Portion of Leases	-	-	29.28	23.39	17.57	17.91
Current Income Taxes Payable	3.61	1.87	5.12	2.98	7.13	9.46
Current Unearned Revenue	574.2	456.45	347.3	607.29	722	534.11
Other Current Liabilities	143.78	138.89	100.35	80.36	30	20.76
Total Current Liabilities	807.64	712.19	568.37	881.31	901.71	765.57
Long-Term Leases	118.06	104.59	201.32	215.1	229.23	239.28
Long-Term Unearned Revenue	66.05	68.47	41.34	38.78	45.76	43.34
Other Long-Term Liabilities	4.52	6.16	6.39	0.76	-	0
Total Liabilities	996.27	891.41	817.42	1,136	1,177	1,048
Common Stock	140.98	140.98	140.98	105.73	105.73	87.13
Additional Paid-In Capital	1,698	1,696	1,688	1,098	1,081	475.48
Retained Earnings	499.18	486.97	562.6	414.83	220.38	134.38
Comprehensive Income & Other	-0.58	-0.34	0.06	-	-	-
Total Common Equity	2,338	2,323	2,392	1,618	1,407	696.99
Minority Interest	38.59	38.58	10.19	21.42	34.35	57.43
Shareholders' Equity	2,376	2,362	2,402	1,639	1,442	754.41
Total Liabilities & Equity	3,372	3,253	3,220	2,775	2,618	1,803
Total Debt	130.7	115.68	231.1	246.5	246.8	296.25
Net Cash (Debt)	1,211	1,171	1,138	911.73	1,008	354.85
Net Cash Growth	11.55%	2.89%	24.87%	-9.54%	184.03%	119.03%
Net Cash Per Share	8.77	8.45	9.71	8.63	10.42	4.83
Filing Date Shares Outstanding	135.65	140.98	140.98	105.73	96.72	87.13
Total Common Shares Outstanding	135.65	140.98	140.98	105.73	96.72	87.13
Working Capital	1,485	1,466	1,600	1,105	1,111	489.97
Book Value Per Share	17.23	16.48	16.97	15.30	14.55	8.00
Tangible Book Value	2,235	2,220	2,286	1,509	1,396	691.59
Tangible Book Value Per Share	16.47	15.75	16.22	14.27	14.44	7.94
Buildings	-	-	103.59	44.04	25.53	24.35
Machinery	-	-	379.74	316.83	288.03	223.18
Construction In Progress	-	-	239.02	40.75	0.28	0.3

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