SHA:688802 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	4,111	6,721	1,029	240.23	229.51
Trading Asset Securities	4,435	2,641	50.19	400.06	380.43
Cash & Short-Term Investments	8,547	9,362	1,079	640.29	609.94
Cash Growth	1234.83%	767.32%	68.58%	4.98%	-
Accounts Receivable	940.8	735.22	479.44	37.1	-
Other Receivables	7.19	201.1	183.78	38.6	38.43
Receivables	947.99	936.32	663.22	75.7	38.43
Inventory	1,422	1,496	776.78	187.3	17.67
Other Current Assets	1,403	852.92	905.72	370.43	76.34
Total Current Assets	12,320	12,647	3,425	1,274	742.38
Property, Plant & Equipment	236.9	209.14	238.09	213.34	120.86
Long-Term Investments	815.15	602.65	5.13	-	-
Other Intangible Assets	127.44	150.56	175.79	97.45	100.18
Long-Term Deferred Tax Assets	0.49	0.45	0.47	0.01	0.04
Long-Term Deferred Charges	51.39	54.32	8.79	12.7	15.32
Other Long-Term Assets	7.09	10.71	36.2	35.2	65.96
Total Assets	13,558	13,675	3,890	1,632	1,045
Accounts Payable	149.85	35.98	83.44	72.75	45.94
Accrued Expenses	105.73	155.04	120.31	69.82	26.33
Short-Term Debt	-	-	494.59	119.81	-
Current Portion of Long-Term Debt	20.92	-	2.21	-	-
Current Portion of Leases	-	20.94	20.64	-	-
Current Income Taxes Payable	8.94	3.13	3	0.09	-
Current Unearned Revenue	58.31	116.44	134.39	34.13	-
Other Current Liabilities	33.65	95.61	62.73	44.28	40.13
Total Current Liabilities	377.4	427.15	921.32	340.88	112.4
Long-Term Debt	-	-	1,735	-	-
Long-Term Leases	35.58	39	38.35	75.88	7.02
Long-Term Unearned Revenue	41.94	38.18	14.18	4.49	0.8
Long-Term Deferred Tax Liabilities	0.22	0.49	0.06	0.23	0.29
Other Long-Term Liabilities	4.59	4.59	1.96	0.06	-
Total Liabilities	459.73	509.41	2,711	421.55	120.51
Common Stock	400.1	400.1	8.58	6.17	5.21
Additional Paid-In Capital	14,404	14,371	1,985	3,241	2,084
Retained Earnings	-1,703	-1,604	-815.01	-2,036	-1,165
Comprehensive Income & Other	-2.02	-1.32	-0.52	0.08	-0.01
Shareholders' Equity	13,099	13,165	1,178	1,211	924.23
Total Liabilities & Equity	13,558	13,675	3,890	1,632	1,045
Total Debt	56.5	59.95	2,291	195.7	7.02
Net Cash (Debt)	8,490	9,302	-1,212	444.59	602.92
Net Cash Growth	1809.67%	-	-	-26.26%	-
Net Cash Per Share	23.73	28.75	-6.03	-	-
Filing Date Shares Outstanding	395.37	400.1	8.58	-	-
Total Common Shares Outstanding	395.37	400.1	8.58	-	-
Working Capital	11,942	12,220	2,504	932.84	629.98
Book Value Per Share	33.13	32.91	137.26	-	-
Tangible Book Value	12,971	13,015	1,003	1,113	824.05
Tangible Book Value Per Share	32.81	32.53	116.78	-	-
Machinery	-	388.65	330.69	208.37	133.82
Construction In Progress	-	-	2.17	1.44	-

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