SHA:688051 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	64.75	92.32	80.35	55.44	256.58	355.57
Trading Asset Securities	10	-	20	106.61	47.01	137.03
Cash & Short-Term Investments	74.75	92.32	100.35	162.05	303.59	492.59
Cash Growth	15.50%	-7.99%	-38.08%	-46.62%	-38.37%	-36.43%
Accounts Receivable	305.88	347.28	385.52	408.69	430.81	493.85
Other Receivables	12.7	12.28	14.08	31.79	25.49	45.63
Receivables	318.58	359.57	399.61	440.49	456.3	539.48
Inventory	26.01	19.72	34.99	57.96	94.71	38.31
Prepaid Expenses	2.3	1.73	2.29	0.52	-	4.99
Other Current Assets	56.98	43.02	38.12	43.34	49.25	44.22
Total Current Assets	478.62	516.38	575.35	704.37	903.84	1,120
Property, Plant & Equipment	261.3	282.02	313.26	354.79	417.97	450.14
Long-Term Investments	6.63	6.45	5.18	0.28	0.33	1.06
Other Intangible Assets	44.76	46.84	43.87	67.38	99.2	82.8
Long-Term Accounts Receivable	15.4	18.8	26.3	35.69	17.1	43.05
Long-Term Deferred Tax Assets	20.55	20.55	25.39	28.54	33.38	41.13
Long-Term Deferred Charges	1.49	1.86	5.42	0.87	1.25	45.42
Other Long-Term Assets	33.75	26.32	31.55	-	8.64	75
Total Assets	862.5	919.21	1,026	1,192	1,482	1,858

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	91.24	95.63	116.12	116.83	178.3	252.29
Accrued Expenses	51.33	60.05	61.74	39.04	49.65	50.66
Short-Term Debt	75.03	63.41	70.5	119.57	98.06	100
Current Portion of Long-Term Debt	6	4.03	4.01	4	-	-
Current Portion of Leases	1.07	7.38	10.6	13.24	29.63	41.64
Current Income Taxes Payable	-	-	-	0	0.86	2.3
Current Unearned Revenue	16.82	13.85	11.79	34.75	49.88	21.17
Other Current Liabilities	25.05	21.37	20.99	18.85	18.01	7.79
Total Current Liabilities	266.53	265.72	295.74	346.27	424.39	475.85
Long-Term Debt	29	24	-	4.01	-	-
Long-Term Leases	0.04	-	1.03	2.34	-	11.71
Long-Term Unearned Revenue	36.11	36.72	16.49	21.78	27.8	44.49
Long-Term Deferred Tax Liabilities	0.21	0.21	0.32	0.51	0.23	-
Other Long-Term Liabilities	1.01	1.17	0.95	0.2	0.9	-
Total Liabilities	332.9	327.82	314.53	375.12	453.32	532.04

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	77.33	77.33	77.33	77.33	77.33	77.33
Additional Paid-In Capital	1,019	1,019	1,019	1,018	1,016	1,023
Retained Earnings	-554.28	-496.91	-376.15	-272.99	-64.7	222.97
Total Common Equity	541.74	599.1	719.86	822.14	1,028	1,323
Minority Interest	-12.14	-7.71	-8.07	-5.33	-0.1	3.15
Shareholders' Equity	529.6	591.39	711.79	816.81	1,028	1,326
Total Liabilities & Equity	862.5	919.21	1,026	1,192	1,482	1,858

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	111.13	98.82	86.14	143.16	127.7	153.35
Net Cash (Debt)	-36.38	-6.49	14.21	18.89	175.89	339.25
Net Cash Growth	-	-	-24.79%	-89.26%	-48.15%	-47.84%
Net Cash Per Share	-0.47	-0.08	0.18	0.24	2.27	4.38
Filing Date Shares Outstanding	77.33	77.33	77.33	77.33	77.33	77.33
Total Common Shares Outstanding	77.33	77.33	77.33	77.33	77.33	77.33
Working Capital	212.09	250.66	279.61	358.09	479.45	643.76
Book Value Per Share	7.01	7.75	9.31	10.63	13.30	17.11
Tangible Book Value	496.98	552.26	675.99	754.76	929.28	1,240
Tangible Book Value Per Share	6.43	7.14	8.74	9.76	12.02	16.04
Buildings	306.64	315.33	318.14	325.03	338.6	337.54
Machinery	187.4	189.31	215.89	238.47	234.99	254.54
Construction In Progress	0.19	-	0.99	2.69	13.5	6.48