SHA:688755 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	713.33	750.75	473.18	497.3	480.26	89.28
Trading Asset Securities	149.44	165.23	-	-	-	48.16
Cash & Short-Term Investments	862.77	915.98	473.18	497.3	480.26	137.44
Cash Growth	109.94%	93.58%	-4.85%	3.55%	249.43%	16.81%
Accounts Receivable	306.92	266.54	181	170.92	178.89	111.35
Other Receivables	2.69	2.46	4.21	4.47	4.81	13.34
Receivables	309.61	269	185.21	175.39	183.7	124.69
Inventory	383.73	376.53	386.8	430.92	508.2	386.68
Other Current Assets	19.03	14.02	19.17	16.57	23.16	39.26
Total Current Assets	1,575	1,576	1,064	1,120	1,195	688.07
Property, Plant & Equipment	272.85	268	168.46	145.89	147.63	106.58
Other Intangible Assets	62.03	62.46	63.82	65.24	40.91	41.8
Long-Term Deferred Tax Assets	29.26	28.38	18.87	14.06	11.81	8.19
Long-Term Deferred Charges	4.46	3.94	4.78	7.71	8.28	6.2
Other Long-Term Assets	0.73	0.35	4.54	0.21	0.04	11.17
Total Assets	1,944	1,939	1,325	1,353	1,404	862.02
Accounts Payable	247.84	252.66	170.57	131.43	237.75	178.38
Accrued Expenses	54.13	81.08	63.52	51.38	35.93	28.88
Short-Term Debt	-	-	15.01	41.02	30.03	30.03
Current Portion of Long-Term Debt	-	3.15	-	11.51	13.51	-
Current Portion of Leases	3.42	0.27	0.26	0.25	-	0.27
Current Income Taxes Payable	23.36	14.82	12.12	12.77	15.34	1.5
Current Unearned Revenue	272.52	264.64	256.21	338.08	346.31	309.4
Other Current Liabilities	28.76	29.92	22.47	21.66	48.18	45.17
Total Current Liabilities	630.03	646.54	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	37.87	38.95	31.93	29.18	26.65	18.56
Other Long-Term Liabilities	10.63	10.32	9.94	12.32	6.83	4.41
Total Liabilities	678.54	695.81	585.19	714.93	837.08	676.69
Common Stock	88	88	66	66	66	20.97
Additional Paid-In Capital	933.94	930.05	503.16	483.87	465.11	154.06
Retained Earnings	232.11	213.65	162.8	83.46	31.96	7.51
Comprehensive Income & Other	11.89	11.15	7.67	5.04	3.85	2.79
Shareholders' Equity	1,266	1,243	739.63	638.37	566.92	185.32
Total Liabilities & Equity	1,944	1,939	1,325	1,353	1,404	862.02
Total Debt	3.42	3.42	18.42	118.12	120.1	90.39
Net Cash (Debt)	859.35	912.55	454.76	379.19	360.16	47.04
Net Cash Growth	115.62%	100.67%	19.93%	5.28%	665.59%	-45.01%
Net Cash Per Share	10.21	11.63	6.88	5.74	5.79	-
Filing Date Shares Outstanding	88	88	66	66	66	-
Total Common Shares Outstanding	88	88	66	66	66	-
Working Capital	945.12	928.99	524.19	512.08	468.27	94.45
Book Value Per Share	14.39	14.12	11.21	9.67	8.59	-
Tangible Book Value	1,204	1,180	675.82	573.12	526	143.52
Tangible Book Value Per Share	13.68	13.41	10.24	8.68	7.97	-
Buildings	-	140.21	102.48	102.48	102.13	23.71
Machinery	-	105.26	85.66	80.25	73.41	43.17
Construction In Progress	-	94.36	36.95	6.84	4.26	63.16

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