SHA:605177 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	255.03	243.97	513.18	711.12	501.58	556.1
Short-Term Investments	84.68	84.93	17.83	177.9	-	-
Trading Asset Securities	60	120	50	-	30	50
Cash & Short-Term Investments	399.71	448.89	581.01	889.03	531.58	606.1
Cash Growth	-16.98%	-22.74%	-34.65%	67.24%	-12.29%	-38.74%
Accounts Receivable	140.2	184.79	178.1	209.59	159.39	128.89
Other Receivables	2.74	6.53	4.76	1.45	1.42	1.65
Receivables	142.94	191.33	182.85	211.03	160.81	130.54
Inventory	414.52	537.18	720.57	621.06	482.84	419.33
Prepaid Expenses	-	-	-	-	1.08	-
Other Current Assets	19.22	16.05	44.52	25.94	12.42	16.45
Total Current Assets	976.39	1,193	1,529	1,747	1,189	1,172
Property, Plant & Equipment	1,826	1,900	1,744	1,352	1,011	834.88
Long-Term Investments	81.01	80.69	148.28	150.64	181.46	10
Other Intangible Assets	68.08	59.87	60.06	61.85	62.97	45.15
Long-Term Deferred Tax Assets	64.92	50.8	32.89	12.53	12.9	10.52
Long-Term Deferred Charges	50	51.73	33.94	10.82	4.31	3.89
Other Long-Term Assets	1.67	1.74	8.09	8.59	10.5	174.21
Total Assets	3,068	3,338	3,557	3,343	2,472	2,251

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	307.58	369.77	731.77	520.12	411.09	406.25
Accrued Expenses	28.98	45.94	37.27	40.83	37.02	24.65
Short-Term Debt	106.52	228.62	98.94	120.07	95.01	-
Current Portion of Long-Term Debt	17.93	3.77	9.1	-	0.02	-
Current Portion of Leases	3.06	2.91	2.98	3.82	3.63	-
Current Income Taxes Payable	0.98	5.76	0	6.79	9.49	3.64
Current Unearned Revenue	12.72	11.94	10.36	3.23	8.41	9.41
Other Current Liabilities	18.01	22.19	23.13	3.19	5.02	5.34
Total Current Liabilities	495.79	690.89	913.55	698.05	569.69	449.29
Long-Term Debt	782.78	752.33	677.24	576.43	15	-
Long-Term Leases	6.05	6.57	4.8	6.62	9.1	2.38
Long-Term Unearned Revenue	79.48	81.87	85.84	46.2	36.71	40.47
Long-Term Deferred Tax Liabilities	-	-	0.16	0.46	0.67	-
Other Long-Term Liabilities	0.54	0.33	0.27	0.32	0.79	0.85
Total Liabilities	1,365	1,532	1,682	1,328	631.95	492.99

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	114.72	114.73	114.75	113.6	113.6	113.6
Additional Paid-In Capital	1,135	1,130	1,118	1,129	1,129	1,129
Retained Earnings	348.29	466.67	549.06	686.3	597.99	516.31
Treasury Stock	-10.11	-20.29	-20.55	-30	-	-
Comprehensive Income & Other	115.69	114.73	113.18	116.72	-0.48	-0.48
Total Common Equity	1,703	1,806	1,875	2,015	1,840	1,758
Minority Interest	-	-	0.12	-	-	-
Shareholders' Equity	1,703	1,806	1,875	2,015	1,840	1,758
Total Liabilities & Equity	3,068	3,338	3,557	3,343	2,472	2,251

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	916.35	994.2	793.06	706.93	122.76	2.38
Net Cash (Debt)	-516.63	-545.31	-212.05	182.1	408.82	603.72
Net Cash Growth	-	-	-	-55.46%	-32.28%	-38.36%
Net Cash Per Share	-4.54	-4.77	-1.90	1.46	3.60	5.29
Filing Date Shares Outstanding	116.3	112.93	108.61	111.43	113.6	113.6
Total Common Shares Outstanding	116.3	112.93	108.61	112.58	113.6	113.6
Working Capital	480.61	502.56	615.4	1,049	619.04	723.13
Book Value Per Share	14.65	15.99	17.26	17.90	16.20	15.48
Tangible Book Value	1,635	1,746	1,815	1,953	1,777	1,713
Tangible Book Value Per Share	14.06	15.46	16.71	17.35	15.64	15.08
Buildings	1,139	1,126	632.03	545.94	454.64	410.59
Machinery	1,577	1,406	1,189	1,084	878.92	723.64
Construction In Progress	1.91	170.74	599.8	296.55	157.09	114.87