SHA:688733 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	144.16	489.03	593.9	602.37	593.62	529.62
Trading Asset Securities	413.64	121.44	166.45	315.2	754.25	27.27
Cash & Short-Term Investments	557.81	610.47	760.35	917.58	1,348	556.89
Cash Growth	-32.55%	-19.71%	-17.14%	-31.92%	142.04%	412.23%
Accounts Receivable	427.09	367.16	235.62	214.12	272.3	235.47
Other Receivables	1.54	1.55	0.81	1.37	1.22	4.02
Receivables	428.63	368.72	236.44	215.5	273.52	239.5
Inventory	184.47	166.55	157.9	121.79	137.57	85.92
Prepaid Expenses	-	0.02	0.44	0.27	0.01	0.14
Other Current Assets	60.82	68.74	59.88	36.34	53.45	20.4
Total Current Assets	1,232	1,214	1,215	1,291	1,812	902.84
Property, Plant & Equipment	2,041	1,986	1,737	1,435	965.34	417.84
Long-Term Investments	0.14	0.14	-	-	-	-
Other Intangible Assets	182.42	183.66	188.35	192.03	157.94	24.95
Long-Term Deferred Tax Assets	55.46	51.61	33.82	28.38	18.97	5.8
Long-Term Deferred Charges	25.17	26.53	30.43	2.86	3.52	1.21
Other Long-Term Assets	50.65	48.83	18.45	22.85	28.48	73.65
Total Assets	3,586	3,512	3,224	2,973	2,987	1,426
Accounts Payable	287.73	288.03	283.66	257.45	289.84	81.86
Accrued Expenses	9.23	20.82	19.08	16.82	15.47	19.85
Short-Term Debt	10.01	-	40	30.03	67.37	-
Current Portion of Long-Term Debt	294.52	129.19	94.79	118.74	102.66	2
Current Portion of Leases	-	14.61	9.66	16.63	4.28	2.91
Current Income Taxes Payable	5.97	0.99	0.24	1.87	23.7	13.86
Current Unearned Revenue	1.85	1.62	1.29	0.26	1.03	1.45
Other Current Liabilities	71.56	55.65	13.5	22.79	14.83	32.56
Total Current Liabilities	680.87	510.91	462.23	464.59	519.18	154.49
Long-Term Debt	570.63	643.25	358.67	174.76	138.92	18.03
Long-Term Leases	133.39	135.94	111.37	26.65	5.48	2.61
Long-Term Unearned Revenue	100.11	103.54	78.77	69.67	63.17	24.44
Long-Term Deferred Tax Liabilities	-	0.13	-	0.03	1.57	1.24
Total Liabilities	1,485	1,394	1,011	735.71	728.31	200.81
Common Stock	199.78	199.78	199.78	199.78	199.78	182.16
Additional Paid-In Capital	1,737	1,733	1,770	1,791	1,767	831.73
Retained Earnings	257.32	256.9	298.82	306.61	322.06	211.6
Treasury Stock	-99.83	-80.21	-65.01	-59.97	-29.99	-
Comprehensive Income & Other	-1.28	-1.12	-1.1	-	-	-
Total Common Equity	2,093	2,108	2,202	2,237	2,258	1,225
Minority Interest	8.77	9.65	10.32	-	-	-
Shareholders' Equity	2,101	2,118	2,213	2,237	2,258	1,225
Total Liabilities & Equity	3,586	3,512	3,224	2,973	2,987	1,426
Total Debt	1,009	922.99	614.49	366.8	318.71	25.55
Net Cash (Debt)	-450.74	-312.52	145.86	550.78	1,029	531.34
Net Cash Growth	-	-	-73.52%	-46.48%	93.69%	454.77%
Net Cash Per Share	-	-1.55	0.73	2.70	5.53	3.49
Filing Date Shares Outstanding	-	197.97	197.97	197.97	199.78	182.16
Total Common Shares Outstanding	-	197.97	197.97	198.17	199.78	182.16
Working Capital	550.86	703.58	752.78	826.88	1,293	748.36
Book Value Per Share	-	10.65	11.12	11.29	11.30	6.73
Tangible Book Value	1,910	1,925	2,014	2,045	2,100	1,201
Tangible Book Value Per Share	-	9.72	10.17	10.32	10.51	6.59
Buildings	-	460.82	380.75	289.14	182.76	118.12
Machinery	-	1,164	966.52	737.75	585.43	279.46
Construction In Progress	-	612.16	563.75	574.09	323.06	111.51

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