SHA:688776 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	266.66	861.98	456.39	980.26	989.94	1,096
Short-Term Investments	-	-	540.91	-	-	-
Trading Asset Securities	50	-	-	-	-	-
Cash & Short-Term Investments	316.66	861.98	997.3	980.26	989.94	1,096
Cash Growth	-16.94%	-13.57%	1.74%	-0.98%	-9.65%	621.78%
Accounts Receivable	737.2	748.35	835.47	862.01	771.58	555.59
Other Receivables	6.56	3.64	3.98	2.82	2.3	2.45
Receivables	743.76	751.99	839.45	864.83	773.88	558.05
Inventory	258.62	265.73	241.63	245.43	248.93	195.41
Other Current Assets	474.74	9.69	6.75	5.33	11.68	3.24
Total Current Assets	1,794	1,889	2,085	2,096	2,024	1,852
Property, Plant & Equipment	416.52	409.44	320.48	218.77	165.32	135.79
Long-Term Investments	0.71	0.71	3	-	-	-
Other Intangible Assets	9.48	9.84	10.98	6.74	6.83	6.78
Long-Term Deferred Tax Assets	46.3	39.81	20.54	18.84	15.78	10.42
Long-Term Deferred Charges	1.46	1.75	1.36	2.43	3.94	5.44
Other Long-Term Assets	28.19	2.44	6.76	21.77	32.39	7.54
Total Assets	2,296	2,353	2,448	2,364	2,249	2,018
Accounts Payable	444.1	454.63	424.47	358.61	317.08	187.48
Accrued Expenses	2.75	10.13	14.93	23.14	17.61	25.62
Short-Term Debt	-	-	-	-	30.03	30.04
Current Portion of Long-Term Debt	0.32	0.47	-	-	-	-
Current Portion of Leases	-	-	0.97	0.44	0.97	0.52
Current Income Taxes Payable	3.26	3.64	2.12	7.93	1.78	13.76
Current Unearned Revenue	22.24	16.05	16.56	21.67	18.58	23.97
Other Current Liabilities	2.5	2.95	26.09	5.94	8.08	4.89
Total Current Liabilities	475.18	487.87	485.14	417.73	394.12	286.28
Long-Term Leases	-	-	0.38	0.74	1.08	0.54
Long-Term Unearned Revenue	7.64	7.64	7.69	-	-	-
Long-Term Deferred Tax Liabilities	-	-	-	2.8	3.42	-
Other Long-Term Liabilities	106.21	110.71	106.21	106.21	106.21	106.21
Total Liabilities	589.04	606.23	599.42	527.47	504.83	393.04
Common Stock	108.38	108.38	108.38	108.38	77.42	77.42
Additional Paid-In Capital	1,193	1,193	1,198	1,193	1,223	1,223
Retained Earnings	391.39	431.51	530.27	524.95	434.59	318.53
Comprehensive Income & Other	14.75	14.37	12.67	11.08	8.35	5.93
Total Common Equity	1,707	1,747	1,849	1,837	1,744	1,625
Shareholders' Equity	1,707	1,747	1,849	1,837	1,744	1,625
Total Liabilities & Equity	2,296	2,353	2,448	2,364	2,249	2,018
Total Debt	0.32	0.47	1.35	1.18	32.08	31.11
Net Cash (Debt)	316.33	861.51	995.95	979.09	957.86	1,065
Net Cash Growth	-16.83%	-13.50%	1.72%	2.22%	-10.03%	774.01%
Net Cash Per Share	2.90	7.94	9.10	8.99	8.83	11.80
Filing Date Shares Outstanding	108.44	108.38	108.38	108.38	108.38	108.38
Total Common Shares Outstanding	108.44	108.38	108.38	108.38	108.38	108.38
Working Capital	1,319	1,402	1,600	1,678	1,630	1,566
Book Value Per Share	15.75	16.12	17.06	16.95	16.09	15.00
Tangible Book Value	1,698	1,737	1,838	1,830	1,737	1,619
Tangible Book Value Per Share	15.66	16.03	16.96	16.89	16.03	14.93
Buildings	-	-	193.99	184.73	184.87	184.87
Machinery	-	-	250.69	246.6	233.44	212.39
Construction In Progress	-	-	166.34	66.32	11.99	2.6

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