SHA:688779 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	2,006	2,767	2,653	3,842	4,892	1,279
Cash & Short-Term Investments	2,006	2,767	2,653	3,842	4,892	1,279
Cash Growth	-14.85%	4.29%	-30.95%	-21.46%	282.44%	438.10%
Accounts Receivable	5,823	5,989	3,197	4,306	5,798	3,272
Other Receivables	34.6	44.99	73.48	4.72	0.13	0.15
Receivables	5,857	6,034	3,271	4,310	5,798	3,272
Inventory	3,133	1,728	1,063	618.45	2,259	1,577
Other Current Assets	272.02	116.24	98.09	125.98	242.93	226.98
Total Current Assets	11,268	10,646	7,085	8,897	13,192	6,355
Property, Plant & Equipment	4,259	4,324	4,649	4,674	3,828	2,541
Long-Term Investments	510.76	510.76	501.73	1	1	1
Other Intangible Assets	331.57	334.09	344.26	354.31	363.78	373.31
Long-Term Deferred Tax Assets	322.19	320.71	210.16	137.35	60.75	26.2
Other Long-Term Assets	128.37	38.25	59.29	93.22	211	101.38
Total Assets	16,820	16,174	12,850	14,157	17,657	9,398
Accounts Payable	5,205	4,783	1,446	1,995	4,278	1,645
Accrued Expenses	20.88	10.26	51.22	51.74	81.36	27.03
Short-Term Debt	-	-	-	-	5	28.74
Current Portion of Long-Term Debt	-	-	-	547.67	20	15
Current Income Taxes Payable	48.61	11.4	38.01	-	39.7	9.33
Current Unearned Revenue	74.64	51.32	10.16	2.73	11.62	17.58
Other Current Liabilities	423.75	376.2	640.08	706.57	1,350	978.18
Total Current Liabilities	5,773	5,232	2,185	3,304	5,785	2,721
Long-Term Debt	3,325	3,290	3,184	3,066	3,550	20
Long-Term Unearned Revenue	383.95	395.77	438.7	236.46	201.05	134.31
Total Liabilities	9,482	8,917	5,807	6,606	9,536	2,875
Common Stock	1,929	1,929	1,929	1,929	1,929	1,929
Additional Paid-In Capital	3,551	3,551	3,551	3,551	3,551	3,551
Retained Earnings	1,619	1,538	1,243	1,751	2,322	1,043
Comprehensive Income & Other	238.73	238.73	318.72	318.72	318.74	-
Shareholders' Equity	7,338	7,257	7,043	7,550	8,121	6,523
Total Liabilities & Equity	16,820	16,174	12,850	14,157	17,657	9,398
Total Debt	3,325	3,290	3,184	3,614	3,575	63.74
Net Cash (Debt)	-1,319	-522.8	-530.6	228.82	1,317	1,215
Net Cash Growth	-	-	-	-82.63%	8.39%	540.64%
Net Cash Per Share	-0.70	-0.28	-0.27	0.11	0.67	0.76
Filing Date Shares Outstanding	2,031	1,929	1,929	1,929	1,929	1,929
Total Common Shares Outstanding	2,031	1,929	1,929	1,929	1,929	1,929
Working Capital	5,495	5,414	4,900	5,593	7,407	3,635
Book Value Per Share	3.61	3.76	3.65	3.91	4.21	3.38
Tangible Book Value	7,007	6,923	6,698	7,196	7,757	6,150
Tangible Book Value Per Share	3.45	3.59	3.47	3.73	4.02	3.19
Buildings	-	-	1,888	1,720	1,219	736.68
Machinery	-	-	3,714	3,467	2,122	1,349
Construction In Progress	-	-	191.56	293.41	1,044	852.75

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