SHA:688726 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	1,199	997.83	1,074	970.21	1,379	85.97
Short-Term Investments	-	-	367.85	53.25	-	-
Trading Asset Securities	669.11	651.56	715.62	541	284.73	71.8
Cash & Short-Term Investments	1,868	1,649	2,157	1,564	1,663	157.77
Cash Growth	-22.65%	-23.54%	37.89%	-5.95%	954.34%	-
Accounts Receivable	3,359	3,211	1,784	1,731	698.52	320.33
Other Receivables	9.54	10.16	12.26	21.03	-3.42	0.32
Receivables	3,369	3,221	1,796	1,752	695.1	320.66
Inventory	3,101	3,013	4,335	6,053	2,103	372.54
Other Current Assets	1,119	1,167	188.31	440.74	260.76	64.7
Total Current Assets	9,457	9,051	8,476	9,810	4,722	915.67
Property, Plant & Equipment	381.89	320.88	339.44	285.99	162.05	112.66
Long-Term Investments	558.71	525.89	979.59	844.88	151.45	30.24
Other Intangible Assets	140.34	142.34	152.63	128.51	32.02	32.46
Long-Term Deferred Tax Assets	167.41	159.84	123.04	101.96	43.41	40.57
Long-Term Deferred Charges	11.32	14.31	26.4	42.46	11.38	3.02
Other Long-Term Assets	45.61	30.16	12.37	10.15	7.88	1.64
Total Assets	10,762	10,245	10,109	11,224	5,131	1,136
Accounts Payable	2,104	2,066	1,841	2,607	1,361	239.44
Accrued Expenses	79.46	144.45	124.32	140.58	81.67	15.52
Short-Term Debt	90.92	54.05	70.05	170.09	-	15.02
Current Portion of Long-Term Debt	127.1	126.2	67.29	31.7	12.91	5.44
Current Income Taxes Payable	65.45	80.54	63.59	60.26	1.56	-
Current Unearned Revenue	3,503	3,254	3,932	5,678	1,783	380.96
Other Current Liabilities	360.56	301.89	175.38	296.84	166.67	74.39
Total Current Liabilities	6,331	6,027	6,274	8,985	3,407	730.78
Long-Term Debt	159.29	79.54	165.22	61.47	-	-
Long-Term Leases	16.84	21.31	57.4	31.47	74.49	55.08
Long-Term Unearned Revenue	2.9	2.97	2.74	-	-	-
Other Long-Term Liabilities	25.49	22.23	70.03	35.55	17.22	22.11
Total Liabilities	6,535	6,153	6,569	9,113	3,499	807.96
Common Stock	405.33	405.33	405.33	364.79	364.79	12.63
Additional Paid-In Capital	1,875	1,861	1,782	1,127	1,071	555.71
Retained Earnings	1,929	1,809	1,336	606.4	195.59	-240.15
Comprehensive Income & Other	0.06	0.11	0.05	-0.05	0	0.09
Total Common Equity	4,210	4,075	3,524	2,098	1,631	328.28
Minority Interest	17.3	16.92	16.5	13.27	0.76	-
Shareholders' Equity	4,227	4,092	3,540	2,111	1,632	328.28
Total Liabilities & Equity	10,762	10,245	10,109	11,224	5,131	1,136
Total Debt	394.15	281.09	359.95	294.72	87.4	75.54
Net Cash (Debt)	1,474	1,368	1,797	1,270	1,576	82.23
Net Cash Growth	-30.03%	-23.87%	41.54%	-19.43%	1816.61%	-
Net Cash Per Share	3.65	3.38	4.83	3.49	4.40	-
Filing Date Shares Outstanding	401.41	405.33	405.33	364.79	358.25	-
Total Common Shares Outstanding	401.41	405.33	405.33	364.79	358.25	-
Working Capital	3,126	3,024	2,202	825.57	1,316	184.89
Book Value Per Share	10.49	10.05	8.69	5.75	4.55	-
Tangible Book Value	4,069	3,932	3,371	1,969	1,599	295.82
Tangible Book Value Per Share	10.14	9.70	8.32	5.40	4.46	-
Buildings	-	-	167.28	70.3	33.9	33.9
Machinery	-	-	115.16	78.24	36.9	14.6
Construction In Progress	-	-	34.05	112.96	19.6	8.84

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