SHA:688785 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
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
Cash & Equivalents	1,899	-	427.11	77.08	51.01
Trading Asset Securities	-	-	-	340.62	40
Cash & Short-Term Investments	1,899	440.4	427.11	417.69	91.01
Cash Growth	354.75%	3.11%	2.25%	358.95%	-
Accounts Receivable	154.97	-	73.78	79.32	23.05
Other Receivables	4	-	0.39	0.11	0.11
Receivables	158.97	-	74.17	79.43	23.16
Inventory	148.42	-	159.04	80.78	52.73
Other Current Assets	32.61	-	25.23	24.55	26.97
Total Current Assets	2,239	-	685.55	602.45	193.87
Property, Plant & Equipment	114	-	109.03	20.48	18.6
Other Intangible Assets	0.34	-	0.87	0.23	0.31
Long-Term Accounts Receivable	-	-	-	0.17	0.21
Long-Term Deferred Tax Assets	8.63	-	2.93	0.83	0.51
Long-Term Deferred Charges	2.65	-	2.72	3.44	2.39
Other Long-Term Assets	0.76	-	0.89	0.5	0.61
Total Assets	2,366	-	801.99	628.1	216.49
Accounts Payable	55.21	-	40.72	29.98	6.41
Accrued Expenses	11.43	-	21.12	24.33	8.78
Short-Term Debt	-	-	-	-	7.91
Current Portion of Leases	-	-	6.66	2.64	3.68
Current Income Taxes Payable	8.15	-	2.27	6.97	0.1
Current Unearned Revenue	23.97	-	17.97	5.49	9.03
Other Current Liabilities	1.72	-	5.42	3.13	4.36
Total Current Liabilities	113.69	-	94.16	72.54	40.28
Long-Term Leases	15.86	-	11.95	2.07	2.57
Long-Term Unearned Revenue	4.26	-	12.94	15.1	18.89
Total Liabilities	133.81	-	119.05	89.71	61.74
Common Stock	67.7	-	50.77	50.77	6.73
Additional Paid-In Capital	1,872	-	467.76	466.36	98.51
Retained Earnings	292.86	-	164.4	21.25	49.52
Shareholders' Equity	2,232	772.95	682.93	538.38	154.76
Total Liabilities & Equity	2,366	-	801.99	628.1	216.49
Total Debt	29.06	8.23	18.61	4.71	14.16
Net Cash (Debt)	1,870	432.17	408.5	412.99	76.85
Net Cash Growth	352.90%	5.79%	-1.09%	437.38%	-
Net Cash Per Share	34.74	8.50	8.05	8.41	-
Filing Date Shares Outstanding	62.8	50.77	50.77	49.11	-
Total Common Shares Outstanding	62.8	50.77	50.77	49.11	-
Working Capital	2,126	-	591.39	529.9	153.59
Book Value Per Share	35.54	15.22	13.45	10.96	-
Tangible Book Value	2,232	772.39	682.06	538.16	154.45
Tangible Book Value Per Share	35.54	15.21	13.43	10.96	-
Buildings	-	-	28.08	-	-
Machinery	-	-	58.69	24.54	14.92
Construction In Progress	-	-	22.18	0.01	2.17

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