SHA:688750 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	404.59	664.16	619.55	302.72	138.93	356.37
Short-Term Investments	409.15	200.12	300.21	367.14	-	-
Cash & Short-Term Investments	813.74	864.27	919.76	669.87	138.93	356.37
Cash Growth	2.63%	-6.03%	37.30%	382.15%	-61.02%	-42.97%
Accounts Receivable	1,014	983.17	1,081	947.6	856.86	670.54
Other Receivables	1.77	0.08	0.62	0.13	0.04	0.04
Receivables	1,016	983.25	1,082	947.73	856.91	670.58
Inventory	515.79	484.74	356.74	393.76	364.09	315.41
Other Current Assets	1.15	9.58	3.4	5.91	2.03	22.66
Total Current Assets	2,347	2,342	2,362	2,017	1,362	1,365
Property, Plant & Equipment	811.98	823.15	538.12	555.58	471.38	429.21
Long-Term Investments	456.43	451.73	342.05	-	386.44	381.04
Other Intangible Assets	40.99	41.13	42.68	44.17	43.94	45.28
Long-Term Deferred Tax Assets	30.78	30.25	26.86	22.47	39.46	56.56
Other Long-Term Assets	11.5	12.98	57.99	8.84	41.58	38.36
Total Assets	3,698	3,701	3,370	2,648	2,345	2,315
Accounts Payable	797.8	646.27	465.68	502.7	357.04	257.86
Accrued Expenses	21.74	37.55	46.56	42.35	33.76	22.23
Short-Term Debt	-	-	-	-	-	100
Current Portion of Long-Term Debt	2.65	2	2	-	-	150
Current Portion of Leases	-	0.69	0.92	0.65	0.77	0.74
Current Income Taxes Payable	2.86	4.15	9.47	0.87	-	-
Current Unearned Revenue	1.6	0.55	0.64	4.6	0.52	34.87
Other Current Liabilities	3.95	153.37	35.68	60.71	65.26	25.07
Total Current Liabilities	830.59	844.58	560.94	611.87	457.36	590.76
Long-Term Debt	296	296	298	300	300	300
Long-Term Leases	0.38	0.65	0.95	0.71	0.98	1.76
Long-Term Unearned Revenue	97.01	95.93	67.83	34.58	34.35	5.46
Long-Term Deferred Tax Liabilities	0.2	0.25	0.35	0.28	-	-
Total Liabilities	1,224	1,237	928.08	947.44	792.69	897.98
Common Stock	462.5	462.5	462.5	370	370	1,911
Additional Paid-In Capital	1,546	1,546	1,546	1,051	1,051	289.48
Retained Earnings	450.8	441.13	420.71	268.99	121.76	-790.31
Comprehensive Income & Other	14.56	13.79	12.09	10.45	8.86	6.85
Shareholders' Equity	2,474	2,464	2,442	1,701	1,552	1,418
Total Liabilities & Equity	3,698	3,701	3,370	2,648	2,345	2,315
Total Debt	299.03	299.34	301.87	301.36	301.76	552.49
Net Cash (Debt)	514.71	564.94	617.89	368.51	-162.82	-196.12
Net Cash Growth	4.77%	-8.57%	67.67%	-	-	-
Net Cash Per Share	1.11	1.22	1.64	1.00	-0.44	-
Filing Date Shares Outstanding	462.5	462.5	462.5	370	370	-
Total Common Shares Outstanding	462.5	462.5	462.5	370	370	-
Working Capital	1,516	1,497	1,801	1,405	904.6	774.26
Book Value Per Share	5.35	5.33	5.28	4.60	4.19	-
Tangible Book Value	2,433	2,423	2,399	1,657	1,508	1,372
Tangible Book Value Per Share	5.26	5.24	5.19	4.48	4.08	-
Buildings	-	338.32	337.87	338.24	329.65	308.56
Machinery	-	847.96	845.88	840.58	649.4	632.87
Construction In Progress	-	396.83	52.79	9	71.33	18.33