SHA:688800 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	1,966	2,040	1,015	963.46	1,070	461.21
Cash & Short-Term Investments	2,137	2,040	1,015	963.46	1,070	461.21
Cash Growth	99.45%	100.90%	5.40%	-9.94%	131.96%	129.50%
Accounts Receivable	1,560	1,610	1,307	934.56	1,014	539.22
Other Receivables	10.8	11.51	7.33	16.41	2.18	2.8
Receivables	1,571	1,622	1,314	950.97	1,016	542.02
Inventory	506.43	583.7	607.19	404.61	363.79	255.89
Other Current Assets	75.55	55.81	77.27	31.04	7.05	7.5
Total Current Assets	4,290	4,301	3,014	2,350	2,456	1,267
Property, Plant & Equipment	1,331	1,309	1,105	846.62	402.16	165.23
Long-Term Investments	96.48	100.37	20.21	20.21	12.33	13.09
Other Intangible Assets	131.46	132.86	113.95	119.37	52.32	52.07
Long-Term Deferred Tax Assets	23.19	26.09	24.17	22.1	10.3	9.24
Long-Term Deferred Charges	13.99	15.59	17.5	9.95	1.66	0.36
Other Long-Term Assets	37.9	27.95	26.21	46.16	38.88	30.27
Total Assets	5,924	5,913	4,321	3,415	2,974	1,537
Accounts Payable	1,164	1,297	1,202	781.92	849.58	485.08
Accrued Expenses	18.41	47.77	46.19	35.69	30.86	20.22
Short-Term Debt	414.87	424.85	466.23	340.27	80.06	-
Current Portion of Long-Term Debt	-	161.73	76.12	4	-	-
Current Portion of Leases	-	-	10.85	9.09	4.41	1.43
Current Income Taxes Payable	21.01	13.74	9.99	9.29	14.59	1.43
Current Unearned Revenue	31.64	46.55	36.81	55.62	13.88	6.76
Other Current Liabilities	202.99	8.67	80.15	52.29	52.4	8.44
Total Current Liabilities	1,852	2,000	1,929	1,288	1,046	523.37
Long-Term Debt	1,391	1,258	141.47	24.19	-	-
Long-Term Leases	39.54	41.8	46.68	58.12	0.41	1.19
Long-Term Unearned Revenue	78.95	79.5	70.03	66.63	36.54	7.07
Long-Term Deferred Tax Liabilities	16.14	18.19	2.82	3.23	0.7	7.54
Total Liabilities	3,378	3,398	2,190	1,440	1,083	539.17
Common Stock	205.67	205.67	158.42	158.42	113.16	108
Additional Paid-In Capital	1,106	1,110	1,147	1,147	1,182	514.36
Retained Earnings	1,133	1,074	830.13	670.61	592.64	375
Treasury Stock	-36.99	-36.99	-36.99	-36.99	-	-
Comprehensive Income & Other	114.9	124.78	-3.65	4.4	-0.08	-0.03
Total Common Equity	2,523	2,478	2,095	1,943	1,887	997.33
Minority Interest	22.56	37.76	36.35	30.71	3.39	0.38
Shareholders' Equity	2,545	2,515	2,132	1,974	1,891	997.71
Total Liabilities & Equity	5,924	5,913	4,321	3,415	2,974	1,537
Total Debt	1,846	1,887	741.34	435.68	84.88	2.62
Net Cash (Debt)	290.85	153.5	274.13	527.79	984.96	458.59
Net Cash Growth	128.50%	-44.01%	-48.06%	-46.41%	114.78%	225.48%
Net Cash Per Share	1.39	0.74	1.34	2.55	4.95	2.72
Filing Date Shares Outstanding	203.12	206.21	204.77	204.77	205.95	196.56
Total Common Shares Outstanding	203.12	206.21	204.77	204.77	205.95	196.56
Working Capital	2,437	2,301	1,085	1,062	1,411	743.25
Book Value Per Share	12.42	12.02	10.23	9.49	9.16	5.07
Tangible Book Value	2,391	2,345	1,981	1,824	1,835	945.26
Tangible Book Value Per Share	11.77	11.37	9.68	8.91	8.91	4.81
Buildings	-	-	523.12	389.17	81.56	80.39
Machinery	-	-	465.91	360.18	252.07	184.2
Construction In Progress	-	-	298.02	200.77	200.24	11.3

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