SHA:688019 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	1,456	1,621	897.66	532.01	329.32	332.63
Short-Term Investments	21.42	-	-	-	-	-
Trading Asset Securities	296.25	51.86	44.68	61.13	168.72	219.38
Cash & Short-Term Investments	1,774	1,673	942.34	593.14	498.04	552.01
Cash Growth	7.59%	77.53%	58.87%	19.10%	-9.78%	-33.76%
Accounts Receivable	670.17	552.12	392.77	282.01	237.57	178.09
Other Receivables	1.15	0.88	1.32	1.21	1.21	0.88
Receivables	671.32	553.01	394.08	283.22	238.78	178.97
Inventory	1,288	1,050	617.64	427.21	365.9	230.42
Other Current Assets	66.15	50.39	72.1	38.74	43.25	34.53
Total Current Assets	3,799	3,326	2,026	1,342	1,146	995.93
Property, Plant & Equipment	1,155	1,033	777.74	583.59	543.44	503.49
Long-Term Investments	569.16	384.03	339.08	314.11	208.94	100.52
Goodwill	-	-	-	7.39	-	-
Other Intangible Assets	83.84	74.43	79.36	80.23	33.76	12.25
Long-Term Deferred Tax Assets	46.92	36.49	46.12	44.35	45.23	41.72
Long-Term Deferred Charges	170.65	145.77	158.79	134.92	16.68	11.03
Other Long-Term Assets	44.08	38.55	24.52	96.51	53.6	7.29
Total Assets	5,869	5,038	3,452	2,603	2,048	1,672

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	246.74	182.58	143.33	80.5	85.72	80.79
Accrued Expenses	36.87	47.89	59.64	31.81	32.5	17.72
Short-Term Debt	105.67	145.69	130.1	9.87	30.03	15.89
Current Portion of Long-Term Debt	7.64	2.12	37.07	4.01	0.13	-
Current Portion of Leases	50.42	45.89	31.75	27.66	23.93	26.99
Current Income Taxes Payable	35.84	17.84	15.71	4.13	20.98	21.25
Current Unearned Revenue	71.3	38.41	39.69	30.76	181.83	168.43
Other Current Liabilities	7.48	8.06	9.28	4.23	1.71	1.14
Total Current Liabilities	561.97	488.48	466.57	192.96	376.84	332.2
Long-Term Debt	237.32	820.68	114.45	94.59	29.9	-
Long-Term Leases	124.18	122.27	82.2	82.85	98.96	116.9
Long-Term Unearned Revenue	61.04	69.12	83.65	102.03	18.51	21.98
Long-Term Deferred Tax Liabilities	22.7	6.95	3.93	6.92	1.84	-
Total Liabilities	1,007	1,507	750.8	479.36	526.05	471.07

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	227.49	168.56	129.21	99.07	74.7	53.22
Additional Paid-In Capital	1,926	1,102	1,068	1,019	791.59	779.52
Retained Earnings	2,693	2,249	1,523	1,023	652.67	368.21
Treasury Stock	-	-	-19.75	-19.75	-	-
Comprehensive Income & Other	-3.43	11.41	0.62	2.73	2.59	0.21
Shareholders' Equity	4,862	3,531	2,701	2,124	1,522	1,201
Total Liabilities & Equity	5,869	5,038	3,452	2,603	2,048	1,672

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	525.23	1,137	395.58	218.98	182.95	159.77
Net Cash (Debt)	1,249	536.26	546.76	374.16	315.08	392.24
Net Cash Growth	101.48%	-1.92%	46.13%	18.75%	-19.67%	-51.65%
Net Cash Per Share	5.59	2.44	2.51	1.73	1.48	1.84
Filing Date Shares Outstanding	227.49	227.49	218.16	217.39	216.99	212.8
Total Common Shares Outstanding	227.49	219.13	218.16	217.39	213.36	212.8
Working Capital	3,237	2,837	1,560	1,149	769.12	663.73
Book Value Per Share	21.29	16.11	12.38	9.77	7.13	5.64
Tangible Book Value	4,759	3,457	2,622	2,036	1,488	1,189
Tangible Book Value Per Share	20.92	15.77	12.02	9.37	6.97	5.59
Buildings	134.57	106.3	105.3	53.43	53.43	51.83
Machinery	982.57	876.38	640.81	419.46	305.11	283.99
Construction In Progress	261.27	226.2	166.53	178.71	192.46	111.44