SHA:688727 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	836.04	1,323	290.96	235.12	522.64	139.14
Short-Term Investments	-	-	107.44	-	-	-
Trading Asset Securities	460.3	1.91	-	-	105.31	30.11
Cash & Short-Term Investments	1,296	1,325	398.4	235.12	627.95	169.25
Cash Growth	345.64%	232.51%	69.45%	-62.56%	271.01%	2281.60%
Accounts Receivable	131.34	135.16	113.86	89.59	48.74	29.55
Other Receivables	102.92	82.52	-1.57	-1.17	-0.49	3.72
Receivables	234.25	217.68	112.28	88.42	48.25	33.27
Inventory	277.85	242.56	158.68	121.01	46.46	34.48
Other Current Assets	185.4	422.57	205.52	141.83	134.88	139.08
Total Current Assets	1,994	2,208	874.89	586.38	857.54	376.09
Property, Plant & Equipment	1,434	1,332	1,119	832.17	455.17	287.89
Long-Term Investments	91.99	88.44	372.23	463.15	105.75	25.92
Other Intangible Assets	80.28	81.11	100.53	88.71	91.55	67.78
Long-Term Deferred Tax Assets	99.29	89.32	55.44	30.33	18	14.66
Long-Term Deferred Charges	8.14	7.04	8.44	11.83	15.66	22.48
Other Long-Term Assets	94.56	179.51	114.7	78.52	89.23	20.58
Total Assets	3,802	3,985	2,645	2,091	1,633	815.42
Accounts Payable	175.56	198.66	215.52	175.1	100.98	61.05
Accrued Expenses	23.99	29.26	48.12	31.53	22.31	11.56
Short-Term Debt	434.66	669.36	400.85	182.95	101.41	52.55
Current Portion of Long-Term Debt	56.03	51.52	23.76	7.16	-	11.07
Current Portion of Leases	-	-	1.71	3.24	3.7	2.88
Current Income Taxes Payable	7.23	12.1	9.47	12.61	8.31	6.77
Current Unearned Revenue	6.4	6.74	11.26	8.75	1.13	6.35
Other Current Liabilities	24.08	42.27	52.59	51.36	41.29	38.16
Total Current Liabilities	727.95	1,010	763.27	472.7	279.13	190.39
Long-Term Debt	264.63	184.55	210.46	156.35	-	32
Long-Term Leases	0.52	0.51	0.61	0.81	2.65	1.23
Long-Term Unearned Revenue	277.74	282.88	166.3	73.86	74.79	80.66
Long-Term Deferred Tax Liabilities	2.19	2.88	3.84	5.67	5.79	3.52
Total Liabilities	1,273	1,481	1,144	709.4	362.35	307.8
Common Stock	449.32	449.32	381.92	381.92	381.92	315.03
Additional Paid-In Capital	1,622	1,620	778.78	761.82	748.21	161.05
Retained Earnings	445.66	420.08	322.29	225.37	135.52	34.62
Comprehensive Income & Other	12.13	14.96	17.89	12.51	7.91	-1.17
Total Common Equity	2,529	2,504	1,501	1,382	1,274	509.54
Minority Interest	-0.01	-0	0.01	0.06	-3.02	-1.92
Shareholders' Equity	2,529	2,504	1,501	1,382	1,271	507.62
Total Liabilities & Equity	3,802	3,985	2,645	2,091	1,633	815.42
Total Debt	755.84	905.95	637.39	350.52	107.75	99.73
Net Cash (Debt)	540.51	418.79	-238.99	-115.4	520.2	69.52
Net Cash Growth	-	-	-	-	648.26%	-
Net Cash Per Share	1.31	1.06	-0.62	-0.30	1.55	0.25
Filing Date Shares Outstanding	449.46	449.32	381.92	381.92	336.34	273.9
Total Common Shares Outstanding	449.46	449.32	381.92	381.92	336.34	273.9
Working Capital	1,266	1,198	111.62	113.68	578.41	185.71
Book Value Per Share	5.63	5.57	3.93	3.62	3.79	1.86
Tangible Book Value	2,449	2,423	1,400	1,293	1,182	441.75
Tangible Book Value Per Share	5.45	5.39	3.67	3.39	3.51	1.61
Buildings	-	-	478.28	185.86	72.75	72.38
Machinery	-	-	439.62	350.86	278.72	240.71
Construction In Progress	-	-	344.54	389.31	161.27	6.31

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