SHA:688755 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-	473.18	497.3	480.26	89.28
Trading Asset Securities	-	-	-	-	48.16
Cash & Short-Term Investments	879.04	473.18	497.3	480.26	137.44
Cash Growth	85.77%	-4.85%	3.55%	249.43%	16.81%
Accounts Receivable	-	181	170.92	178.89	111.35
Other Receivables	-	4.21	4.47	4.81	13.34
Receivables	-	185.21	175.39	183.7	124.69
Inventory	-	386.8	430.92	508.2	386.68
Other Current Assets	-	19.17	16.57	23.16	39.26
Total Current Assets	-	1,064	1,120	1,195	688.07
Property, Plant & Equipment	-	168.46	145.89	147.63	106.58
Other Intangible Assets	-	63.82	65.24	40.91	41.8
Long-Term Deferred Tax Assets	-	18.87	14.06	11.81	8.19
Long-Term Deferred Charges	-	4.78	7.71	8.28	6.2
Other Long-Term Assets	-	4.54	0.21	0.04	11.17
Total Assets	-	1,325	1,353	1,404	862.02
Accounts Payable	-	170.57	131.43	237.75	178.38
Accrued Expenses	-	62.58	51.38	35.93	28.88
Short-Term Debt	-	15.01	41.02	30.03	30.03
Current Portion of Long-Term Debt	-	-	11.51	13.51	-
Current Portion of Leases	-	0.26	0.25	-	0.27
Current Income Taxes Payable	-	13.85	12.77	15.34	1.5
Current Unearned Revenue	-	256.21	338.08	346.31	309.4
Other Current Liabilities	-	21.69	21.66	48.18	45.17
Total Current Liabilities	-	540.17	608.1	727.05	593.62
Long-Term Debt	-	3.15	65.07	76.56	60.1
Long-Term Leases	-	-	0.26	-	-
Long-Term Unearned Revenue	-	31.93	29.18	26.65	18.56
Other Long-Term Liabilities	-	9.94	12.32	6.83	4.41
Total Liabilities	-	585.19	714.93	837.08	676.69
Common Stock	-	66	66	66	20.97
Additional Paid-In Capital	-	503.16	483.87	465.11	154.06
Retained Earnings	-	162.8	83.46	31.96	7.51
Comprehensive Income & Other	-	7.67	5.04	3.85	2.79
Shareholders' Equity	1,215	739.63	638.37	566.92	185.32
Total Liabilities & Equity	-	1,325	1,353	1,404	862.02
Total Debt	3.47	18.42	118.12	120.1	90.39
Net Cash (Debt)	875.57	454.76	379.19	360.16	47.04
Net Cash Growth	92.54%	19.93%	5.28%	665.59%	-45.01%
Net Cash Per Share	11.17	6.88	5.74	5.79	-
Filing Date Shares Outstanding	88	66	66	66	-
Total Common Shares Outstanding	88	66	66	66	-
Working Capital	-	524.19	512.08	468.27	94.45
Book Value Per Share	13.81	11.21	9.67	8.59	-
Tangible Book Value	1,153	675.82	573.12	526	143.52
Tangible Book Value Per Share	13.10	10.24	8.68	7.97	-
Buildings	-	102.48	102.48	102.13	23.71
Machinery	-	85.66	80.25	73.41	43.17
Construction In Progress	-	36.95	6.84	4.26	63.16

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