SHA:688813 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	1,463	439.79	329.56	584.91	444.1	210.51
Trading Asset Securities	-	-	-	-	30	60
Cash & Short-Term Investments	1,463	439.79	329.56	584.91	474.1	270.51
Cash Growth	343.82%	33.45%	-43.66%	23.37%	75.26%	-
Accounts Receivable	1,009	1,045	830.91	647.46	558.85	388.15
Other Receivables	20.94	0.81	0.18	0.09	0.05	11.14
Receivables	1,030	1,046	831.09	647.56	558.9	399.29
Inventory	1,281	1,200	2,070	2,667	1,684	504.58
Prepaid Expenses	-	0.64	1.62	0.65	0.04	0.06
Other Current Assets	47.76	99.25	33.6	282.74	53.87	91.8
Total Current Assets	3,821	2,785	3,266	4,183	2,771	1,266
Property, Plant & Equipment	333.19	331.4	333.85	327.72	264.14	101.83
Other Intangible Assets	55.3	55.93	57.49	9.19	8.75	7.79
Long-Term Accounts Receivable	-	20.72	32.06	6.17	15.91	9.47
Long-Term Deferred Tax Assets	68.38	65.48	45.7	28.04	13.92	7.36
Long-Term Deferred Charges	9.16	9.19	9.77	11.41	10.92	4.08
Other Long-Term Assets	25.14	0.97	5.24	4.53	8.23	20.5
Total Assets	4,313	3,269	3,750	4,570	3,093	1,417
Accounts Payable	986.22	911.97	821.29	1,298	682.41	200.85
Accrued Expenses	24.42	76.59	64.81	33.19	25.27	12.54
Short-Term Debt	371.15	363.16	437.42	20.02	29.93	113.48
Current Portion of Long-Term Debt	92.39	69.28	54.2	5.68	1.35	2.97
Current Portion of Leases	-	11.2	9.82	8.95	4.6	-
Current Income Taxes Payable	44.92	22.42	23.64	16.24	16.81	4.68
Current Unearned Revenue	615.59	680.01	1,465	2,383	1,570	659.57
Other Current Liabilities	254.84	226.68	163.27	278.94	345.1	234.64
Total Current Liabilities	2,390	2,361	3,039	4,044	2,675	1,229
Long-Term Debt	49.36	52.82	60.91	110.65	112.47	-
Long-Term Leases	11.95	9.87	20.17	22.72	18.35	-
Long-Term Unearned Revenue	66.51	65.7	54.82	26.66	15.45	9.26
Long-Term Deferred Tax Liabilities	0.29	0.06	0.22	-	-	-
Other Long-Term Liabilities	3.85	3.44	6.47	1.62	3.84	10.05
Total Liabilities	2,521	2,493	3,182	4,206	2,825	1,248
Common Stock	160	120	120	120	120	120
Additional Paid-In Capital	965.31	44.86	44.86	42.24	42.24	13.74
Retained Earnings	654.33	600.11	396	200.61	105.27	35.47
Comprehensive Income & Other	11.41	10.73	6.94	1.06	0.14	-
Shareholders' Equity	1,791	775.71	567.81	363.91	267.64	169.21
Total Liabilities & Equity	4,313	3,269	3,750	4,570	3,093	1,417
Total Debt	524.86	506.33	582.52	168.01	166.7	116.45
Net Cash (Debt)	937.77	-66.54	-252.96	416.89	307.4	154.06
Net Cash Growth	-	-	-	35.62%	99.54%	-
Net Cash Per Share	7.79	-0.55	-2.11	3.46	2.56	-
Filing Date Shares Outstanding	160	160	120	120	119.87	-
Total Common Shares Outstanding	160	120	120	120	119.87	-
Working Capital	1,432	423.91	226.3	138.48	95.88	37.5
Book Value Per Share	11.19	6.46	4.73	3.03	2.23	-
Tangible Book Value	1,736	719.78	510.32	354.72	258.89	161.42
Tangible Book Value Per Share	10.85	6.00	4.25	2.96	2.16	-
Buildings	-	150.9	142.26	-	-	-
Machinery	-	229.82	196.5	-	-	-
Construction In Progress	-	8.13	19.64	4.6	64.44	-