SHA:688790 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	2,012	2,478	370.99	333.05	398.61
Trading Asset Securities	75	10.02	110.36	287.94	222.28
Cash & Short-Term Investments	2,087	2,488	481.35	620.99	620.89
Cash Growth	236.10%	416.96%	-22.49%	0.02%	-
Accounts Receivable	96.39	126.09	83.17	94.35	50.96
Other Receivables	19.24	18.55	6.57	25.61	11.78
Receivables	115.62	144.65	89.74	119.95	62.75
Inventory	712.99	621.71	786.54	526.97	459.18
Other Current Assets	60.29	38.25	65.98	108.72	48.61
Total Current Assets	2,976	3,293	1,424	1,377	1,191
Property, Plant & Equipment	145.62	154.9	194.55	204.57	205.46
Other Intangible Assets	11.22	13.13	21.48	29.24	8.31
Long-Term Deferred Tax Assets	6.97	6.94	10.15	12.07	9.47
Long-Term Deferred Charges	66.38	59.88	65.43	76.98	44.07
Other Long-Term Assets	-	1.86	5.98	14.66	53.81
Total Assets	3,206	3,530	1,721	1,714	1,513
Accounts Payable	225.66	258.07	253.07	255.32	70.15
Accrued Expenses	24.79	68.98	50.09	63.9	58.55
Short-Term Debt	78.6	267.72	261.98	173.13	20.02
Current Portion of Long-Term Debt	-	9.61	-	-	-
Current Portion of Leases	-	11.42	9.87	11.72	12.39
Current Income Taxes Payable	2.86	-	-	0.22	0.09
Current Unearned Revenue	21.52	12.18	10.76	46.96	33.02
Other Current Liabilities	22.07	10.91	61.76	11.53	11.26
Total Current Liabilities	375.5	638.89	647.54	562.79	205.48
Long-Term Debt	-	-	10	-	-
Long-Term Leases	48.12	36.44	42.59	51.03	40.03
Long-Term Unearned Revenue	57.78	60.68	33.66	48.1	12.83
Long-Term Deferred Tax Liabilities	6.97	6.94	10.15	12.07	9.47
Other Long-Term Liabilities	-	-	-	0.14	0.1
Total Liabilities	488.37	742.95	743.95	674.12	267.91
Common Stock	99.53	99.53	74.65	74.65	74.65
Additional Paid-In Capital	4,027	4,027	2,120	2,120	1,877
Retained Earnings	-1,425	-1,358	-1,239	-1,174	-723.78
Comprehensive Income & Other	15.49	17.59	21.29	19.36	17.11
Shareholders' Equity	2,718	2,787	977.26	1,040	1,245
Total Liabilities & Equity	3,206	3,530	1,721	1,714	1,513
Total Debt	126.72	325.18	324.45	235.88	72.44
Net Cash (Debt)	1,960	2,163	156.9	385.1	548.45
Net Cash Growth	257.39%	1278.69%	-59.26%	-29.78%	-
Net Cash Per Share	23.57	28.15	2.11	5.16	7.34
Filing Date Shares Outstanding	99.53	99.53	74.65	74.65	74.71
Total Common Shares Outstanding	99.53	99.53	74.65	74.65	74.71
Working Capital	2,600	2,654	776.07	813.84	985.94
Book Value Per Share	27.30	28.00	13.09	13.93	16.66
Tangible Book Value	2,706	2,774	955.78	1,011	1,236
Tangible Book Value Per Share	27.19	27.87	12.80	13.54	16.55
Machinery	-	273.92	275.31	235.24	123.86
Construction In Progress	-	-	0.97	0.94	90.12

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