SHA:688039 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	126.26	242.33	128.59	288.15	420.71	877.74
Trading Asset Securities	50.46	20.18	45.09	-	-	25.05
Cash & Short-Term Investments	176.73	262.51	173.68	288.15	420.71	902.78
Cash Growth	28.84%	51.15%	-39.73%	-31.51%	-53.40%	-17.57%
Accounts Receivable	251.83	306.48	348.53	386.84	363.39	483.93
Other Receivables	10.96	16.53	16.82	17.96	17.12	9.29
Receivables	262.8	323.01	365.35	404.8	380.51	493.22
Inventory	58.76	68.43	33.68	40.78	54.8	60.89
Other Current Assets	61.78	24.31	31.17	49.3	57.54	24.54
Total Current Assets	560.06	678.26	603.88	783.02	913.55	1,481
Property, Plant & Equipment	335.95	374.9	460.1	433.39	347.04	117.69
Long-Term Investments	294.01	290.68	283.2	278.45	274.13	116.17
Goodwill	-	-	-	-	1.88	14.66
Other Intangible Assets	22.12	22.8	36.78	48.93	55.92	48.05
Long-Term Accounts Receivable	-	-	-	-	-	6.16
Long-Term Deferred Tax Assets	85.55	80.73	68.42	48.01	26.88	10.7
Long-Term Deferred Charges	2.53	3.67	6.51	5.69	6.28	-
Other Long-Term Assets	59.65	60.43	-	-	-	1.97
Total Assets	1,360	1,511	1,459	1,597	1,626	1,797

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	115.03	169.95	106.79	103.74	120.02	178.6
Accrued Expenses	0.27	12.13	7.67	15.81	13.87	29.77
Short-Term Debt	151.27	152.63	94.76	159.8	49.1	15.78
Current Portion of Long-Term Debt	9.81	-	-	-	26.52	-
Current Portion of Leases	-	12.61	7.01	5.14	3	1.78
Current Income Taxes Payable	0.88	0	0	0	0	5.8
Current Unearned Revenue	10.62	12.49	3.43	2.01	4.35	1.75
Other Current Liabilities	12.29	36.41	38.33	42.98	27.91	20.52
Total Current Liabilities	300.17	396.23	257.99	329.48	244.76	253.99
Long-Term Debt	-	-	-	-	-	6.24
Long-Term Leases	37.24	63.14	42.68	11.45	3.42	2.88
Long-Term Unearned Revenue	1.51	1.53	-	-	1.84	-
Long-Term Deferred Tax Liabilities	-	0	0	0.2	2.42	1.62
Total Liabilities	338.92	460.9	300.67	341.13	252.44	264.72

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	110.6	110.6	111.92	111.92	80.32	80.32
Additional Paid-In Capital	1,079	1,080	1,150	1,150	1,160	1,155
Retained Earnings	-202.81	-170.75	-79.44	22.76	160.95	279.68
Treasury Stock	-	-	-49.96	-49.96	-49.96	-
Comprehensive Income & Other	42.39	35.31	23	13.68	13.06	16.95
Total Common Equity	1,030	1,055	1,155	1,248	1,364	1,532
Minority Interest	-8.59	-4.44	2.85	7.88	8.8	-
Shareholders' Equity	1,021	1,051	1,158	1,256	1,373	1,532
Total Liabilities & Equity	1,360	1,511	1,459	1,597	1,626	1,797

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	198.31	228.38	144.45	176.39	82.04	26.67
Net Cash (Debt)	-21.59	34.13	29.23	111.76	338.67	876.12
Net Cash Growth	-	16.77%	-73.84%	-67.00%	-61.34%	-20.00%
Net Cash Per Share	-0.21	0.31	0.26	1.01	3.02	7.85
Filing Date Shares Outstanding	112.42	110.6	110.6	110.6	110.6	112.44
Total Common Shares Outstanding	112.42	110.6	110.6	110.6	110.6	112.44
Working Capital	259.89	282.03	345.89	453.54	668.79	1,227
Book Value Per Share	9.16	9.54	10.45	11.29	12.34	13.63
Tangible Book Value	1,007	1,032	1,119	1,200	1,307	1,469
Tangible Book Value Per Share	8.96	9.33	10.11	10.85	11.81	13.07
Buildings	-	238.64	361.6	360.65	-	-
Machinery	-	119.64	100.89	85.36	60.21	25.43
Construction In Progress	-	7.64	0.19	4.06	295.22	95.97