SHA:688052 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	Sep '26 Sep 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	2,369	2,581	1,074	1,751	1,265	77.74
Short-Term Investments	-	-	54.33	-	-	-
Trading Asset Securities	301.15	1,124	2,080	2,250	3,464	-
Cash & Short-Term Investments	2,670	3,705	3,208	4,001	4,729	77.74
Cash Growth	20.15%	15.50%	-19.81%	-15.39%	5982.99%	-37.79%
Accounts Receivable	1,205	684.78	445.68	197.72	220.1	128.63
Other Receivables	31.28	30.69	24.17	20.43	19.97	2.6
Receivables	1,237	715.47	469.85	218.15	240.07	131.23
Inventory	1,738	1,476	832.55	827.79	605.47	223.57
Prepaid Expenses	-	-	-	-	3.58	-
Other Current Assets	269.36	280.72	177.42	252.08	146.06	87.01
Total Current Assets	5,914	6,178	4,688	5,299	5,724	519.54
Property, Plant & Equipment	2,200	1,843	1,517	1,291	556.58	232.78
Long-Term Investments	898.06	621.06	386.8	280.54	148.22	-
Goodwill	545.47	545.47	504.14	-	-	38.09
Other Intangible Assets	352.39	391.82	393.85	48.6	32.18	21.82
Long-Term Deferred Tax Assets	40.02	43.1	25.88	23.58	26.58	2.79
Long-Term Deferred Charges	-	13.39	20.36	13.45	8.4	7.19
Other Long-Term Assets	764.82	45.86	137.84	200.51	354.54	18.58
Total Assets	10,715	9,681	7,674	7,156	6,850	840.8

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	542.73	295.24	184.12	68.07	68.88	37.38
Accrued Expenses	198.41	322.34	195.04	103.3	115.35	44.3
Short-Term Debt	15	43.15	-	243.19	20.35	93.73
Current Portion of Long-Term Debt	180.62	72.39	62.38	20.91	1	8.51
Current Portion of Leases	-	8.68	7.82	15.55	16.44	8.67
Current Income Taxes Payable	24.76	0.74	3.67	0.32	0.46	3.99
Current Unearned Revenue	37.32	33.19	16.14	16.5	22.28	28.08
Other Current Liabilities	100.66	276.18	287.89	115.69	81.92	41.68
Total Current Liabilities	1,100	1,052	757.06	583.54	326.67	266.35
Long-Term Debt	1,540	851.51	791.42	330.42	7.01	-
Long-Term Leases	12.31	10.89	6.43	6.12	5.74	10.71
Long-Term Unearned Revenue	37.69	40.08	31.24	16.42	12.51	7.24
Long-Term Deferred Tax Liabilities	73.68	54.69	48.52	-	-	0.79
Other Long-Term Liabilities	70.74	57.64	91.78	12.29	-	-
Total Liabilities	2,834	2,067	1,726	948.79	351.94	285.1

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	163.51	161.6	142.53	142.53	101.06	75.8
Additional Paid-In Capital	8,244	8,137	6,161	6,206	5,953	199.88
Retained Earnings	-490.55	-574.2	-345.33	57.55	443.74	274.06
Treasury Stock	-51.95	-127.66	-14.91	-200.11	-	-
Comprehensive Income & Other	-1.53	0.12	-0.64	0.11	-	-
Total Common Equity	7,864	7,597	5,942	6,207	6,497	549.73
Minority Interest	17.65	17.58	4.77	1.02	1.02	5.98
Shareholders' Equity	7,881	7,615	5,947	6,208	6,499	555.71
Total Liabilities & Equity	10,715	9,681	7,674	7,156	6,850	840.8

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	1,748	986.62	868.06	616.2	50.54	121.62
Net Cash (Debt)	922.54	2,719	2,340	3,385	4,678	-43.88
Net Cash Growth	-30.96%	16.18%	-30.86%	-27.65%	-	-
Net Cash Per Share	-	-	16.61	23.83	36.01	-0.41
Filing Date Shares Outstanding	-	-	135.81	140.94	141.49	106.12
Total Common Shares Outstanding	-	-	135.81	140.94	141.49	106.12
Working Capital	4,814	5,126	3,931	4,715	5,397	253.19
Book Value Per Share	-	-	43.76	44.04	45.92	5.18
Tangible Book Value	6,966	6,660	5,044	6,158	6,465	489.82
Tangible Book Value Per Share	-	-	37.14	43.69	45.69	4.62
Buildings	-	741.33	734.87	-	-	-
Machinery	-	1,372	970.16	713.49	413.16	211.66
Construction In Progress	-	122.47	46.97	697.26	191.36	34.55