SHA:688717 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	2,895	3,004	3,176	3,039	791.43	200.4
Cash & Short-Term Investments	2,895	3,004	3,176	3,039	791.43	200.4
Cash Growth	-3.86%	-5.43%	4.52%	283.95%	294.92%	18.85%
Accounts Receivable	1,031	784.26	463.57	357.44	460.47	55.92
Other Receivables	85.97	8.47	17.94	26.26	52.91	18.14
Receivables	1,117	792.73	481.52	383.7	513.38	74.06
Inventory	2,043	1,430	1,036	1,033	1,303	412.75
Prepaid Expenses	-	3.83	9.35	0.75	-	-
Other Current Assets	176.74	174.26	124.32	92.11	154.36	30.34
Total Current Assets	6,232	5,405	4,827	4,549	2,762	717.56
Property, Plant & Equipment	1,213	1,144	811.44	570.73	336.82	102.81
Long-Term Investments	0.27	0.28	0.27	0.27	0.25	0.26
Other Intangible Assets	156.96	158.2	74.25	111.22	62.65	13.27
Long-Term Deferred Tax Assets	195.1	182.59	93.04	64.09	57.57	14.82
Long-Term Deferred Charges	39.5	34.83	51.73	49.89	4.32	5.26
Other Long-Term Assets	234.08	226.79	278.55	10.39	6.29	7.14
Total Assets	8,071	7,151	6,136	5,355	3,230	861.11
Accounts Payable	3,085	2,047	1,139	354.84	1,201	367.76
Accrued Expenses	114.71	260.37	197.15	271.16	191.56	58.72
Short-Term Debt	-	-	-	-	69.1	126.78
Current Portion of Leases	27.97	23.16	25.21	21.61	12.92	8.57
Current Income Taxes Payable	32.39	7.09	8.15	22.02	147.87	7.68
Current Unearned Revenue	91.63	112.58	103.13	95.58	102.8	74.29
Other Current Liabilities	89.45	143.85	103.29	68.67	64.86	11.8
Total Current Liabilities	3,441	2,594	1,576	833.88	1,790	655.6
Long-Term Leases	16.65	28.28	33.92	46.65	25.05	14.38
Long-Term Unearned Revenue	30.4	31.45	27.3	8.01	-	-
Long-Term Deferred Tax Liabilities	0.92	0.95	0.53	0.09	0.08	1.2
Other Long-Term Liabilities	149.25	124.58	99.98	126.11	131.82	40.59
Total Liabilities	3,638	2,779	1,737	1,015	1,947	711.77
Common Stock	160	160	160	160	120	60
Additional Paid-In Capital	1,978	1,978	1,978	1,978	29.9	89.9
Retained Earnings	2,287	2,221	2,250	2,196	1,132	-2.31
Comprehensive Income & Other	7.31	13.01	10.92	6.16	1.83	1.75
Shareholders' Equity	4,433	4,372	4,399	4,340	1,283	149.34
Total Liabilities & Equity	8,071	7,151	6,136	5,355	3,230	861.11
Total Debt	44.62	51.44	59.13	68.25	107.06	149.73
Net Cash (Debt)	2,850	2,952	3,117	2,970	684.36	50.67
Net Cash Growth	-3.64%	-5.28%	4.93%	334.05%	1250.54%	24.75%
Net Cash Per Share	17.91	18.56	19.44	24.75	5.70	0.42
Filing Date Shares Outstanding	160	160	160	160	120	60
Total Common Shares Outstanding	160	160	160	160	120	60
Working Capital	2,791	2,811	3,251	3,715	972.47	61.96
Book Value Per Share	27.70	27.32	27.49	27.13	10.70	2.49
Tangible Book Value	4,276	4,214	4,325	4,229	1,221	136.07
Tangible Book Value Per Share	26.72	26.34	27.03	26.43	10.17	2.27
Buildings	-	480.64	424.99	158.76	109.23	-
Machinery	-	478.44	378.58	251.75	181.02	41.97
Construction In Progress	-	324.86	54.32	148.39	39.93	60.47