SHA:688077 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	208.35	240.28	196.55	242.82	413.82	293.22
Short-Term Investments	-	-	64.35	40	-	-
Trading Asset Securities	50.93	37.82	91.93	40.84	141.06	142.28
Cash & Short-Term Investments	259.27	278.1	352.83	323.66	554.88	435.5
Cash Growth	-32.90%	-21.18%	9.01%	-41.67%	27.41%	-9.22%
Accounts Receivable	583.61	550.21	471.88	465.91	670.29	618.05
Other Receivables	2.61	1.55	1.69	1.77	2.87	3.08
Receivables	586.22	551.77	473.57	467.68	673.17	621.13
Inventory	704.95	585.32	476.6	357.11	586.69	484.25
Prepaid Expenses	-	4.29	0.27	0.05	1.45	0.05
Other Current Assets	68.13	35.74	49.65	17.14	11.45	19.91
Total Current Assets	1,619	1,455	1,353	1,166	1,828	1,561
Property, Plant & Equipment	940.61	878.51	887.53	886.93	708.33	477.87
Long-Term Investments	116.3	110.46	103.49	99.57	137.72	85.96
Goodwill	5.2	5.48	5.63	7.35	2.92	2.92
Other Intangible Assets	85.4	88.36	90.04	91.7	92.58	40.91
Long-Term Deferred Tax Assets	72.25	67.87	57.44	40.33	20.73	17.85
Long-Term Deferred Charges	2.46	2.61	0.48	0.73	0.69	1.28
Other Long-Term Assets	54.32	60.22	38.07	14.43	26.4	30.8
Total Assets	2,895	2,669	2,536	2,307	2,817	2,218

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	401.21	222.26	179.51	128.93	449.99	562
Accrued Expenses	24.11	66.37	64.87	61.73	63.97	58.6
Short-Term Debt	774.49	644.45	593.19	516.63	745.08	328.22
Current Portion of Long-Term Debt	41.15	35.91	26.16	45.39	36.81	13.68
Current Portion of Leases	-	4	4.26	4.31	3.23	0.03
Current Income Taxes Payable	11.63	0.41	9.01	0.15	1.54	4.92
Current Unearned Revenue	3.22	13.5	2.38	1.28	4.15	3.92
Other Current Liabilities	114.78	113.54	131.71	147.23	41.64	34.53
Total Current Liabilities	1,371	1,100	1,011	905.64	1,346	1,006
Long-Term Debt	148.34	196.92	232.82	149.57	146.3	54.4
Long-Term Leases	0.6	1.8	5.83	9.88	9.39	-
Long-Term Unearned Revenue	242.97	246.61	198.26	117.68	97.94	66.84
Long-Term Deferred Tax Liabilities	-	-	-	-	-	4.39
Total Liabilities	1,763	1,546	1,448	1,183	1,600	1,132

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	114.48	114.48	114.48	113.12	80.78	80
Additional Paid-In Capital	528.21	528.42	527.86	509.87	534.47	502.46
Retained Earnings	529.72	519.53	484.2	472.31	563.58	466.64
Treasury Stock	-62.53	-62.53	-62.21	-	-	-
Comprehensive Income & Other	-1.47	-0.29	-0.77	0.23	0.05	-0.07
Total Common Equity	1,108	1,100	1,064	1,096	1,179	1,049
Minority Interest	24.21	23.36	24.06	28.37	38.12	37.86
Shareholders' Equity	1,133	1,123	1,088	1,124	1,217	1,087
Total Liabilities & Equity	2,895	2,669	2,536	2,307	2,817	2,218

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	964.58	883.09	862.26	725.77	940.8	396.33
Net Cash (Debt)	-705.3	-604.99	-509.43	-402.11	-385.92	39.17
Net Cash Growth	-	-	-	-	-	-91.19%
Net Cash Per Share	-6.06	-5.27	-4.48	-3.57	-3.40	0.35
Filing Date Shares Outstanding	113.5	110.41	110.41	113.12	113.09	112
Total Common Shares Outstanding	113.5	110.41	110.43	113.12	113.09	112
Working Capital	247.99	354.78	341.85	260	481.25	554.93
Book Value Per Share	9.77	9.96	9.63	9.68	10.42	9.37
Tangible Book Value	1,018	1,006	967.89	996.48	1,083	1,005
Tangible Book Value Per Share	8.97	9.11	8.76	8.81	9.58	8.98
Buildings	-	541.57	531.74	411.16	199.62	190.78
Machinery	-	703.94	652.61	571.6	424.7	378.15
Construction In Progress	-	39.73	31.27	164.1	283.33	92.64