SHA:688076 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	892.79	913.79	571.39	749.08	399.96	591.88
Trading Asset Securities	64	116	208	-	43.01	87.13
Cash & Short-Term Investments	956.79	1,030	779.39	749.08	442.98	679.01
Cash Growth	24.23%	32.13%	4.05%	69.10%	-34.76%	353.54%
Accounts Receivable	622.84	508.32	539.21	297.26	251.29	143.37
Other Receivables	82.68	74.99	63.29	3.27	1.19	1.05
Receivables	705.52	583.31	602.5	300.53	252.48	144.41
Inventory	944.5	859.52	584.04	377.17	323.48	250.82
Prepaid Expenses	-	0.09	-	-	-	-
Other Current Assets	19.79	39.67	39.6	67.98	33.53	29.86
Total Current Assets	2,627	2,512	2,006	1,495	1,052	1,104
Property, Plant & Equipment	3,102	2,992	1,892	1,405	988.47	706.55
Long-Term Investments	270.95	234.47	215.04	117.5	94.5	-
Goodwill	156.34	156.34	156.34	156.34	156.34	160.92
Other Intangible Assets	200.46	154.82	108.19	112.1	98.18	88.57
Long-Term Deferred Tax Assets	149.98	128.21	84.37	46.65	28.13	16.63
Long-Term Deferred Charges	367.9	347.59	203.2	41.03	38.77	15.66
Other Long-Term Assets	188.17	214.69	409.4	173.84	65.44	34.46
Total Assets	7,068	6,740	5,074	3,547	2,522	2,127

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	284.16	319.92	159.7	141.93	87.61	72.36
Accrued Expenses	126.13	179.66	149.12	86.14	48.49	43.99
Short-Term Debt	972.15	1,017	1,044	546.02	318.73	77.27
Current Portion of Long-Term Debt	541.38	276.1	117.89	40.08	-	-
Current Portion of Leases	16.46	15.3	9.79	5.29	1.47	3.64
Current Income Taxes Payable	19.19	6.06	19.35	11.47	5.37	-
Current Unearned Revenue	42.31	48.17	61.21	8.39	6.85	26.17
Other Current Liabilities	307.66	300.84	191.83	134.01	82.8	51.96
Total Current Liabilities	2,309	2,163	1,753	973.34	551.32	275.4
Long-Term Debt	1,273	1,322	445.21	286.49	-	-
Long-Term Leases	28.91	28.89	25.75	17.18	-	2.74
Long-Term Unearned Revenue	151.67	156.8	55.99	31.46	35.32	21.74
Long-Term Deferred Tax Liabilities	8.67	8.27	8.61	10.16	10.77	4.26
Other Long-Term Liabilities	194.73	59.18	107.43	39.31	-	14
Total Liabilities	3,966	3,739	2,396	1,358	597.41	318.14

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	316.05	316.05	219.78	213.18	213.18	213.18
Additional Paid-In Capital	1,756	1,755	1,598	1,341	1,319	1,318
Retained Earnings	1,024	919.08	766.56	495.37	374.95	277.82
Comprehensive Income & Other	-4.25	-4.36	72.17	120.23	3.33	2.2
Total Common Equity	3,091	2,986	2,656	2,170	1,910	1,811
Minority Interest	10.86	16.2	21.95	19.04	14.66	-2.61
Shareholders' Equity	3,102	3,002	2,678	2,189	1,925	1,809
Total Liabilities & Equity	7,068	6,740	5,074	3,547	2,522	2,127

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	2,832	2,660	1,642	895.07	320.19	83.65
Net Cash (Debt)	-1,875	-1,630	-863.06	-145.98	122.79	595.36
Net Cash Growth	-	-	-	-	-79.38%	-
Net Cash Per Share	-5.95	-5.20	-2.80	-0.49	0.41	2.21
Filing Date Shares Outstanding	316.05	316.05	307.69	298.46	298.46	298.46
Total Common Shares Outstanding	316.05	316.05	307.69	298.46	298.46	298.46
Working Capital	317.16	349.12	252.82	521.43	501.15	828.71
Book Value Per Share	9.78	9.45	8.63	7.27	6.40	6.07
Tangible Book Value	2,734	2,674	2,392	1,902	1,656	1,562
Tangible Book Value Per Share	8.65	8.46	7.77	6.37	5.55	5.23
Buildings	828.21	-	-	504.29	476.24	376.08
Machinery	2,831	2,418	1,603	1,123	652.13	529
Construction In Progress	442.6	692.57	339.92	185.96	180.11	34.85