SHA:688766 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	1,174	1,037	995.02	1,107	1,211	1,463
Short-Term Investments	-	-	-	53	-	-
Trading Asset Securities	-	-	12.36	63.51	54.04	-
Cash & Short-Term Investments	1,174	1,037	1,007	1,224	1,265	1,463
Cash Growth	44.01%	2.96%	-17.69%	-3.25%	-13.54%	1145.80%
Accounts Receivable	807.84	724.22	447.79	339.58	267.13	224.49
Other Receivables	1.09	1	2.28	16.42	16.82	1.03
Receivables	808.93	725.22	450.07	356	283.95	225.51
Inventory	1,584	1,256	717.95	362.6	670.27	225.46
Other Current Assets	65.39	25.58	18.07	4.61	36.36	6.81
Total Current Assets	3,633	3,044	2,193	1,947	2,256	1,921
Property, Plant & Equipment	286.2	291.17	230.89	53.71	58.01	32.97
Long-Term Investments	38.12	38.12	30.12	15.12	51.57	50.15
Goodwill	129.76	129.76	-	-	-	-
Other Intangible Assets	70.93	62.25	64.11	36.13	12.23	8.57
Long-Term Deferred Tax Assets	60.74	40.79	16.93	27.37	5.63	2.56
Long-Term Deferred Charges	46.43	50.48	42.82	35.21	23.08	9.63
Other Long-Term Assets	-	-	0.18	-	0.46	-
Total Assets	4,265	3,656	2,579	2,115	2,407	2,025
Accounts Payable	902.52	698.91	275.67	128.41	377.99	72.09
Accrued Expenses	55.43	79.22	50.79	31.58	16.57	10.54
Short-Term Debt	-	-	0.67	3.25	3.1	-
Current Portion of Long-Term Debt	5.07	2.58	-	-	-	-
Current Portion of Leases	-	5.08	2.29	-	-	-
Current Income Taxes Payable	87.59	34.26	-	-	-	-
Current Unearned Revenue	10.13	3.31	1.51	1.94	4.31	1.57
Other Current Liabilities	40.75	25.22	28.17	14.64	6.11	6.54
Total Current Liabilities	1,101	848.59	359.11	179.82	408.07	90.74
Long-Term Debt	63.05	97.5	-	-	-	-
Long-Term Leases	4.61	6.22	1.94	6.06	14.35	2.05
Pension & Post-Retirement Benefits	-	5.04	-	-	-	-
Long-Term Deferred Tax Liabilities	-	0.41	-	-	-	-
Total Liabilities	1,172	957.76	361.04	185.88	422.42	92.8
Common Stock	148.05	148.05	105.61	75.52	50.72	36.23
Additional Paid-In Capital	1,498	1,468	1,506	1,519	1,519	1,522
Retained Earnings	1,055	803.5	641.27	368.87	417.14	373.47
Treasury Stock	-	-	-35.1	-35.1	-2.45	-
Comprehensive Income & Other	-5.81	-1.84	-	-	-	-
Total Common Equity	2,695	2,418	2,217	1,929	1,984	1,932
Minority Interest	398.64	281.01	-	-	-	-
Shareholders' Equity	3,093	2,699	2,217	1,929	1,984	1,932
Total Liabilities & Equity	4,265	3,656	2,579	2,115	2,407	2,025
Total Debt	72.74	111.38	4.9	9.31	17.45	2.05
Net Cash (Debt)	1,101	925.87	1,002	1,215	1,248	1,461
Net Cash Growth	35.68%	-7.64%	-17.46%	-2.64%	-14.61%	1144.05%
Net Cash Per Share	7.50	6.25	6.75	8.27	8.42	11.82
Filing Date Shares Outstanding	147.71	148.05	147.46	147.46	148.06	148.12
Total Common Shares Outstanding	147.71	148.05	147.46	147.46	148.06	148.12
Working Capital	2,531	2,195	1,834	1,767	1,847	1,830
Book Value Per Share	18.24	16.33	15.04	13.08	13.40	13.04
Tangible Book Value	2,494	2,226	2,153	1,893	1,972	1,923
Tangible Book Value Per Share	16.88	15.03	14.60	12.83	13.32	12.98
Buildings	-	203.62	-	-	-	-
Machinery	-	150.49	102.42	86.91	65.92	45.54
Construction In Progress	-	24.6	185.4	4.99	7.49	3.66

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