SHA:688789 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	899.71	992.57	1,218	1,225	760.15	929.54
Trading Asset Securities	153.79	314.42	188.23	12.69	-	1.25
Cash & Short-Term Investments	1,054	1,307	1,406	1,238	760.15	930.79
Cash Growth	-10.53%	-7.06%	13.62%	62.82%	-18.33%	120.35%
Accounts Receivable	958.87	983.25	751.49	515.42	361.5	332.69
Other Receivables	0.99	3.76	2.06	0.53	0.85	0.63
Receivables	959.86	987.01	753.55	515.95	362.35	333.32
Inventory	757.55	630.42	560.51	582.67	290.88	205.32
Other Current Assets	162.92	136.95	74.41	39.6	24.42	45.5
Total Current Assets	2,934	3,061	2,795	2,376	1,438	1,515
Property, Plant & Equipment	1,265	1,256	938.56	696.35	405.74	210.07
Long-Term Investments	187.49	171.89	165.82	67.44	57.96	7.8
Goodwill	216.96	216.96	209.65	209.97	63.85	16.35
Other Intangible Assets	183.38	186.74	172.76	112.87	57.35	25.75
Long-Term Deferred Tax Assets	22.31	21.91	16.9	14.9	12.41	5.18
Long-Term Deferred Charges	-	-	-	-	-	0.18
Other Long-Term Assets	1.7	1.9	10.66	76.43	7.67	46.78
Total Assets	4,811	4,917	4,309	3,554	2,043	1,827
Accounts Payable	142.29	175.09	230.91	155.25	154.37	79.24
Accrued Expenses	20.59	74.39	70.95	60.06	55.03	44.78
Short-Term Debt	337.11	448.47	408.16	71.82	12.01	-
Current Portion of Long-Term Debt	-	-	-	2.13	-	-
Current Portion of Leases	56.39	63.38	2.65	3.23	0.59	0.56
Current Income Taxes Payable	29.52	29.24	27.35	32.12	11.04	16.65
Current Unearned Revenue	95.21	66.69	115.16	196.21	53.99	71.16
Other Current Liabilities	76.47	96.61	115.7	59.94	34.94	54.67
Total Current Liabilities	757.59	953.87	970.87	580.77	321.98	267.05
Long-Term Debt	288.28	243.08	81.55	39.9	-	60.58
Long-Term Leases	0.06	0.06	2.39	4.8	-	-
Long-Term Unearned Revenue	28.76	23.32	4.37	7.33	6.57	6.22
Long-Term Deferred Tax Liabilities	10.3	11.75	2.73	1.5	-	0.19
Other Long-Term Liabilities	31.59	31.65	12	12.18	0.13	-
Total Liabilities	1,117	1,264	1,074	646.48	328.68	334.03
Common Stock	180.26	180.26	179.45	120.44	76.12	76
Additional Paid-In Capital	1,415	1,413	1,383	1,454	550.25	521.15
Retained Earnings	2,038	1,996	1,628	1,309	1,059	884.19
Treasury Stock	-21.17	-21.17	-43.51	-41.27	-	-
Comprehensive Income & Other	3.81	6.48	0.67	3.35	-0.01	-
Total Common Equity	3,615	3,574	3,147	2,846	1,685	1,481
Minority Interest	79.1	79.01	88.21	61.27	28.93	11.65
Shareholders' Equity	3,694	3,653	3,235	2,907	1,714	1,493
Total Liabilities & Equity	4,811	4,917	4,309	3,554	2,043	1,827
Total Debt	681.84	755	494.75	121.87	12.6	61.14
Net Cash (Debt)	371.66	551.98	911.55	1,116	747.55	869.65
Net Cash Growth	-52.40%	-39.45%	-18.31%	49.27%	-14.04%	121.64%
Net Cash Per Share	2.07	3.08	5.10	6.31	4.56	6.20
Filing Date Shares Outstanding	180.69	180.24	178.59	178.84	164.45	164.2
Total Common Shares Outstanding	180.69	180.24	178.59	178.84	164.45	164.2
Working Capital	2,176	2,107	1,824	1,795	1,116	1,248
Book Value Per Share	20.01	19.83	17.62	15.91	10.25	9.02
Tangible Book Value	3,215	3,170	2,765	2,523	1,564	1,439
Tangible Book Value Per Share	17.79	17.59	15.48	14.11	9.51	8.77
Buildings	-	-	-	360.41	307.41	72.72
Machinery	-	396.45	233.86	196.01	141.15	88.5
Construction In Progress	-	323.69	521.82	288.78	47.4	132.2

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