SHA:688720 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	111.72	193.83	94.94	387.22	7.84	16.66
Short-Term Investments	148.27	97.25	41.88	54.8	68.17	-
Trading Asset Securities	115.92	0	102.07	205.22	10.05	74.41
Cash & Short-Term Investments	375.9	291.08	238.88	647.24	86.07	91.07
Cash Growth	58.31%	21.85%	-63.09%	652.04%	-5.49%	31.43%
Accounts Receivable	245.64	222.89	227.6	184.34	123.59	144.94
Other Receivables	4.94	5.92	8.17	8.98	9.77	7.93
Receivables	250.59	228.82	235.77	193.32	133.35	152.87
Inventory	89	70.01	61.57	39.59	34.6	40.56
Other Current Assets	23.38	12.65	15.52	3.68	3.67	4.07
Total Current Assets	738.87	602.55	551.74	883.84	257.69	288.57
Property, Plant & Equipment	451.96	440.38	318.42	275.29	224.8	180.5
Long-Term Investments	-	290.74	318.36	92.8	54.51	51.83
Goodwill	4.86	4.86	4.86	-	-	-
Other Intangible Assets	17.09	15.86	17.08	10.84	12.2	9.48
Long-Term Deferred Tax Assets	13.25	12.65	9.26	9.26	9.34	1.78
Long-Term Deferred Charges	10.4	10.78	3.61	3.19	-	-
Other Long-Term Assets	158.34	13.17	20.77	4.68	3.72	3.45
Total Assets	1,395	1,391	1,244	1,280	562.26	535.61
Accounts Payable	104.93	48.37	61.05	77.15	52.04	74.37
Accrued Expenses	8.8	17.48	13.26	33.8	18.21	13.17
Short-Term Debt	166.9	207.34	153.65	93.93	32.69	15.81
Current Portion of Long-Term Debt	-	3.01	-	0.03	-	-
Current Portion of Leases	0.95	0.93	0.58	0.56	0.25	0.38
Current Income Taxes Payable	1.32	0.07	0.53	0.02	-	1.17
Current Unearned Revenue	6.96	3.34	3.45	0.77	0.34	1.54
Other Current Liabilities	21.8	43.78	20.69	16.21	6.58	7.23
Total Current Liabilities	311.67	324.33	253.22	222.48	110.11	113.68
Long-Term Debt	17	15	-	36.04	7.6	-
Long-Term Leases	2.57	2.48	1.34	1.54	-	0.17
Long-Term Unearned Revenue	11.63	11.39	8.33	-	-	-
Long-Term Deferred Tax Liabilities	3.14	3.16	3.12	3.58	3.36	-
Total Liabilities	346.02	356.35	266.01	263.64	121.07	113.85
Common Stock	88.13	88.13	88.13	88.13	66.1	66.1
Additional Paid-In Capital	793.96	790.26	792.47	792.47	270	270
Retained Earnings	202.82	193.4	142.17	125.82	93.16	76.49
Treasury Stock	-55.64	-55.64	-60.02	-	-	-
Comprehensive Income & Other	14.48	13.71	11.23	9.83	11.92	9.17
Total Common Equity	1,044	1,030	973.97	1,016	441.19	421.76
Minority Interest	4.98	4.76	4.13	-	-	-
Shareholders' Equity	1,049	1,035	978.1	1,016	441.19	421.76
Total Liabilities & Equity	1,395	1,391	1,244	1,280	562.26	535.61
Total Debt	187.43	228.76	155.57	132.1	40.54	16.36
Net Cash (Debt)	188.48	62.31	83.31	515.14	45.53	74.7
Net Cash Growth	115.82%	-25.20%	-83.83%	1031.55%	-39.06%	20.66%
Net Cash Per Share	2.11	0.72	0.95	7.73	0.68	1.18
Filing Date Shares Outstanding	94.17	86.99	86.99	87.91	66.1	66.1
Total Common Shares Outstanding	94.17	86.99	86.99	88.13	66.1	66.1
Working Capital	427.2	278.22	298.53	661.36	147.58	174.89
Book Value Per Share	11.08	11.84	11.20	11.53	6.67	6.38
Tangible Book Value	1,022	1,009	952.03	1,005	428.99	412.28
Tangible Book Value Per Share	10.85	11.60	10.94	11.41	6.49	6.24
Buildings	-	209.1	201.95	138.61	99.42	69.1
Machinery	-	280.44	179.45	137.47	125.04	33.69
Construction In Progress	-	45.84	2.25	40.84	26.38	93.65

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