SHA:688719 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	308.37	308.89	291.69	1,166	84.1	126.96
Trading Asset Securities	270.35	331.47	596.25	80.14	-	-
Cash & Short-Term Investments	578.72	640.36	887.94	1,246	84.1	126.96
Cash Growth	-29.20%	-27.88%	-28.74%	1381.72%	-33.76%	-5.36%
Accounts Receivable	494.79	551.23	634.86	539.36	395.98	293.77
Other Receivables	18.57	6.23	7.1	5.24	3.8	1.81
Receivables	513.37	557.45	641.96	544.61	399.78	295.58
Inventory	548.28	524.94	348.18	313.65	242.33	183.98
Other Current Assets	30.49	16.91	13.55	12.69	14.36	10.85
Total Current Assets	1,671	1,740	1,892	2,117	740.57	617.37
Property, Plant & Equipment	592.69	558.1	343.37	131.2	113.87	88.73
Long-Term Investments	38.84	52.46	42.41	-	-	-
Other Intangible Assets	32.45	33.28	34.74	14.05	12.1	12.42
Long-Term Accounts Receivable	-	-	13.12	7.37	4.61	-
Long-Term Deferred Tax Assets	53.82	52.16	24.5	18.84	18.69	19.44
Long-Term Deferred Charges	0.24	0.28	0.46	0.21	-	0.54
Other Long-Term Assets	46.59	47.5	24.13	3.83	-	4.41
Total Assets	2,435	2,483	2,374	2,293	889.86	742.9
Accounts Payable	397.54	428.93	338.44	292.51	221.4	198.51
Accrued Expenses	18.84	34.87	43.26	37.64	35.13	27.05
Short-Term Debt	170.08	129.77	63.53	8.2	137.93	127.78
Current Portion of Long-Term Debt	-	0.94	-	-	-	-
Current Portion of Leases	0.18	-	1.81	1.04	4.21	-
Current Income Taxes Payable	4.3	15.4	-	7.42	1.15	0.67
Current Unearned Revenue	84.46	93.49	58.33	22.58	38.39	26.47
Other Current Liabilities	56.87	65.41	66.52	71.94	43.52	54.39
Total Current Liabilities	732.27	768.81	571.9	441.32	481.72	434.87
Long-Term Leases	2.85	2.28	1.01	2.89	3.86	0.52
Long-Term Unearned Revenue	0.05	0.06	0.17	0.32	0.55	0.8
Long-Term Deferred Tax Liabilities	-	-	-	0.03	1.29	0.51
Other Long-Term Liabilities	18.07	21.4	18.09	13.61	9.15	8.19
Total Liabilities	753.24	792.54	591.17	458.18	496.57	444.89
Common Stock	115.39	115.39	115.39	82.48	61.86	60.6
Additional Paid-In Capital	1,402	1,393	1,438	1,476	180.04	156.1
Retained Earnings	207.13	224.7	293.46	265.62	126.97	58.25
Treasury Stock	-41.97	-41.97	-63.72	-	-	-
Total Common Equity	1,682	1,691	1,783	1,824	368.87	274.95
Minority Interest	-	-	-	9.94	24.41	23.06
Shareholders' Equity	1,682	1,691	1,783	1,834	393.28	298.01
Total Liabilities & Equity	2,435	2,483	2,374	2,293	889.86	742.9
Total Debt	173.11	132.99	66.34	12.13	145.99	128.31
Net Cash (Debt)	405.61	507.37	821.59	1,234	-61.89	-1.35
Net Cash Growth	-42.79%	-38.25%	-33.42%	-	-	-
Net Cash Per Share	3.67	4.63	7.19	13.17	-0.72	-0.02
Filing Date Shares Outstanding	113.42	103.72	112.83	115.47	86.6	84.84
Total Common Shares Outstanding	113.42	103.72	112.83	115.47	86.6	84.84
Working Capital	938.59	970.85	1,320	1,676	258.85	182.49
Book Value Per Share	14.83	16.30	15.80	15.80	4.26	3.24
Tangible Book Value	1,650	1,658	1,748	1,810	356.77	262.53
Tangible Book Value Per Share	14.55	15.98	15.50	15.68	4.12	3.09
Buildings	-	-	118.81	118.81	118.81	-
Machinery	-	-	99.06	65.12	49.09	-
Construction In Progress	-	-	210.5	16.31	0.53	-

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