SHA:688788 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	824.36	251.8	735.19	1,339	1,538	1,704
Short-Term Investments	-	664.83	510	-	-	-
Cash & Short-Term Investments	824.36	916.63	1,245	1,339	1,538	1,704
Cash Growth	-29.90%	-26.39%	-7.04%	-12.92%	-9.73%	-8.94%
Accounts Receivable	568.44	596.63	600.94	742.13	793.45	973.85
Other Receivables	10.81	6.02	6.65	16.41	6	4.95
Receivables	579.25	602.65	607.59	758.54	799.45	978.8
Inventory	275.67	270.2	279.13	298.1	323.29	294.81
Other Current Assets	66.84	28.85	33.1	48.05	16.56	43.12
Total Current Assets	1,746	1,818	2,165	2,444	2,677	3,021
Property, Plant & Equipment	122.48	102.28	43.95	49.05	51.34	44.67
Goodwill	0.06	0.06	10.63	15.77	25.15	0.06
Other Intangible Assets	23.33	25.7	7.63	17.19	50.27	11.46
Long-Term Deferred Tax Assets	41.58	43.42	47.55	40.79	35.9	19.93
Long-Term Deferred Charges	28.53	29.38	26.96	0.09	-	-
Other Long-Term Assets	1.24	0.66	2.29	5.14	2.76	1.51
Total Assets	1,963	2,020	2,304	2,572	2,843	3,098
Accounts Payable	48.79	66.25	64.49	51.53	63.51	61.69
Accrued Expenses	21.2	27.7	32.33	26.23	35.49	28.17
Short-Term Debt	10.76	7.13	3.19	5.83	3.57	-
Current Portion of Leases	-	10.2	9.97	10.78	13.38	9.12
Current Income Taxes Payable	2.17	0.13	0.12	0.13	-	-
Current Unearned Revenue	42.75	12.32	7.26	7.79	1.79	6.52
Other Current Liabilities	28.1	34.63	21.86	19.37	16.82	14.7
Total Current Liabilities	162.63	158.35	139.23	121.66	134.55	120.19
Long-Term Leases	25.91	28.28	5.72	8.89	13.95	9.95
Long-Term Deferred Tax Liabilities	0.44	0.39	0.58	0.78	0.95	-
Other Long-Term Liabilities	4.48	4.4	3.16	5.07	5.82	9.32
Total Liabilities	208.17	191.42	148.69	136.4	155.27	139.45
Common Stock	156.87	156.87	105.75	105.75	105.75	75.53
Additional Paid-In Capital	2,091	2,091	2,154	2,163	2,159	2,189
Retained Earnings	-411.13	-338.54	-47.4	220.77	424.03	696.23
Treasury Stock	-78	-78	-37.42	-34.93	-	-
Total Common Equity	1,758	1,831	2,175	2,455	2,689	2,961
Minority Interest	-3.16	-2.49	-20.07	-19.23	-1.29	-2.33
Shareholders' Equity	1,755	1,828	2,155	2,436	2,688	2,959
Total Liabilities & Equity	1,963	2,020	2,304	2,572	2,843	3,098
Total Debt	60.24	45.6	18.89	25.49	30.89	19.06
Net Cash (Debt)	764.12	871.03	1,226	1,314	1,507	1,685
Net Cash Growth	-32.78%	-28.97%	-6.67%	-12.82%	-10.54%	-7.63%
Net Cash Per Share	4.92	5.59	7.86	8.35	9.57	10.69
Filing Date Shares Outstanding	155.07	155.07	156.07	156.2	157.56	157.56
Total Common Shares Outstanding	155.07	155.07	156.07	156.2	157.56	157.56
Working Capital	1,583	1,660	2,026	2,323	2,543	2,900
Book Value Per Share	11.34	11.81	13.94	15.72	17.07	18.79
Tangible Book Value	1,735	1,805	2,157	2,422	2,613	2,950
Tangible Book Value Per Share	11.19	11.64	13.82	15.51	16.59	18.72
Machinery	-	97.33	73.98	62.26	46.81	40.78
Construction In Progress	-	24.15	-	-	-	-
Order Backlog	-	230	-	-	-	-

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