SHA:688722 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	335.27	283.39	503.61	456.42	728.47	315.52
Trading Asset Securities	-	-	-	-	-	300.12
Cash & Short-Term Investments	335.27	283.39	503.61	456.42	728.47	615.64
Cash Growth	2.97%	-43.73%	10.34%	-37.34%	18.33%	76.31%
Accounts Receivable	175.57	159.87	50.53	26.04	14.82	17.12
Other Receivables	1.47	2.96	3.16	5.62	7.5	0.96
Receivables	177.05	162.83	53.69	31.66	22.32	18.08
Inventory	319.17	343.3	198.34	197.95	133.44	114.82
Other Current Assets	19.69	21.27	18.93	28.23	63.17	7.12
Total Current Assets	851.18	810.79	774.57	714.27	947.4	755.66
Property, Plant & Equipment	978.16	1,002	701.21	635.04	425.36	285.45
Goodwill	75.5	75.5	19.33	19.33	19.33	-
Other Intangible Assets	152.92	134.34	59.79	61.99	63.55	43.15
Long-Term Deferred Tax Assets	6.65	6.32	1.15	1.24	0.79	0.88
Long-Term Deferred Charges	8.97	9.62	5.57	1.35	0.19	-
Other Long-Term Assets	22.26	38.67	3.89	19.65	34.63	8.01
Total Assets	2,096	2,077	1,566	1,453	1,491	1,093
Accounts Payable	64.33	72.32	43.62	45.77	38.75	22.92
Accrued Expenses	32.43	21.26	20.01	14.25	20.61	16.24
Short-Term Debt	16.95	16.95	21.02	23.84	3.01	-
Current Portion of Long-Term Debt	54.13	54.13	-	-	19.59	-
Current Portion of Leases	-	-	-	0.07	3.76	3.72
Current Income Taxes Payable	8.28	0.06	1.16	-	8.78	0.46
Current Unearned Revenue	19.44	27.11	25.23	26.09	104.99	20.68
Other Current Liabilities	73.38	94	8.5	13.93	17.5	5.49
Total Current Liabilities	268.94	285.83	119.55	123.95	216.99	69.51
Long-Term Debt	141.75	177.03	-	-	-	-
Long-Term Leases	-	-	-	0	0.07	1.85
Long-Term Unearned Revenue	19.22	19.56	17.42	16.43	16.81	17.33
Long-Term Deferred Tax Liabilities	15.32	14.49	5.2	5.59	9.53	1.18
Other Long-Term Liabilities	40.64	4.91	5.16	5.21	4.3	2.44
Total Liabilities	485.86	501.82	147.32	151.18	247.71	92.31
Common Stock	224.67	224.67	224.67	224.67	224.67	224.67
Additional Paid-In Capital	640.64	640.64	646.31	644.64	642.39	639.9
Retained Earnings	600.87	564.63	470.15	360.18	307.65	136.28
Total Common Equity	1,463	1,430	1,341	1,229	1,175	1,001
Minority Interest	146.44	145.63	77.05	72.21	68.84	-
Shareholders' Equity	1,610	1,576	1,418	1,302	1,244	1,001
Total Liabilities & Equity	2,096	2,077	1,566	1,453	1,491	1,093
Total Debt	212.83	248.11	21.02	23.91	26.43	5.56
Net Cash (Debt)	122.45	35.28	482.6	432.51	702.03	610.07
Net Cash Growth	-10.80%	-92.69%	11.58%	-38.39%	15.07%	74.72%
Net Cash Per Share	0.55	0.16	2.15	1.91	3.11	3.48
Filing Date Shares Outstanding	226.51	224.67	224.67	224.67	224.67	224.67
Total Common Shares Outstanding	226.51	224.67	224.67	224.67	224.67	224.67
Working Capital	582.25	524.96	655.02	590.32	730.42	686.15
Book Value Per Share	6.46	6.36	5.97	5.47	5.23	4.45
Tangible Book Value	1,235	1,220	1,262	1,148	1,092	957.69
Tangible Book Value Per Share	5.45	5.43	5.62	5.11	4.86	4.26
Buildings	-	492.93	356.63	270.4	269.79	193.75
Machinery	-	759.31	531.23	331.05	255.37	173.44
Construction In Progress	-	44.33	10.84	186.48	21.05	4.84

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