SHA:688797 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	-	145.89	234.81	329.91	22.67
Trading Asset Securities	-	229.18	152.75	-	0.35
Cash & Short-Term Investments	375.07	375.07	387.56	329.91	23.03
Cash Growth	1528.82%	-3.22%	17.47%	1332.71%	-
Accounts Receivable	-	290.35	213.82	173.02	124.39
Other Receivables	-	3.43	2.45	1.16	2.74
Receivables	-	293.78	216.27	174.18	127.13
Inventory	-	159.37	119.32	102.9	83.44
Prepaid Expenses	-	0.26	-	0.02	-
Other Current Assets	-	46.57	21.27	11.95	3.72
Total Current Assets	-	875.04	744.42	618.96	237.32
Property, Plant & Equipment	-	530.4	372.31	276.76	246.06
Other Intangible Assets	-	7.38	2.92	1.7	0.82
Long-Term Deferred Tax Assets	-	17.35	9.9	0.9	1.22
Long-Term Deferred Charges	-	159.58	115.44	99.67	60.59
Other Long-Term Assets	-	28.94	26.67	25.87	6.31
Total Assets	-	1,619	1,272	1,024	552.33
Accounts Payable	-	155.86	80.18	60.58	69.2
Accrued Expenses	-	36.64	26.55	21.91	26.46
Short-Term Debt	-	10.01	10.02	3	22.03
Current Portion of Long-Term Debt	-	-	-	4.51	1
Current Portion of Leases	-	11.35	10.94	5.05	5.02
Current Income Taxes Payable	-	17.21	9.57	8.63	7.01
Current Unearned Revenue	-	1.6	9.52	0.38	0.22
Other Current Liabilities	-	2.6	1.96	1.32	8.17
Total Current Liabilities	-	235.26	148.73	105.38	139.12
Long-Term Debt	-	-	-	-	9.01
Long-Term Leases	-	108.51	103.61	90.24	80.84
Long-Term Unearned Revenue	-	59.74	45.42	15.89	17.72
Long-Term Deferred Tax Liabilities	-	0	0	-	2.25
Other Long-Term Liabilities	-	4.9	3.22	1.19	1.99
Total Liabilities	-	408.41	300.98	212.7	250.92
Common Stock	-	116.47	116.47	116.47	95.21
Additional Paid-In Capital	-	551.84	538.17	530.51	151.36
Retained Earnings	-	541.91	315.98	164.13	54.8
Comprehensive Income & Other	-	0.05	0.06	0.06	0.05
Shareholders' Equity	1,210	1,210	970.68	811.17	301.41
Total Liabilities & Equity	-	1,619	1,272	1,024	552.33
Total Debt	129.86	129.86	124.56	102.8	117.89
Net Cash (Debt)	245.2	245.2	263	227.12	-94.87
Net Cash Growth	-	-6.77%	15.80%	-	-
Net Cash Per Share	2.11	2.11	2.25	2.22	-1.00
Filing Date Shares Outstanding	116.47	116.47	116.81	102.24	94.91
Total Common Shares Outstanding	116.47	116.47	116.81	102.24	94.91
Working Capital	-	639.78	595.7	513.58	98.21
Book Value Per Share	10.39	10.39	8.31	7.93	3.18
Tangible Book Value	1,203	1,203	967.76	809.46	300.59
Tangible Book Value Per Share	10.33	10.33	8.28	7.92	3.17
Buildings	-	-	6.55	6.55	-
Machinery	-	523.95	331.37	227.22	206.43
Construction In Progress	-	46.93	35.74	26.93	2.89