SHA:688103 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	374.32	776.58	747.59	822.34	380.01	505.85
Trading Asset Securities	340	-	-	-	-	0.17
Cash & Short-Term Investments	714.32	776.58	747.59	822.34	380.01	506.02
Cash Growth	3.19%	3.88%	-9.09%	116.40%	-24.90%	54.94%
Accounts Receivable	877.83	894.96	572.5	468.68	429.89	261.52
Other Receivables	7.35	2.94	3.33	4.54	4.17	4.82
Receivables	885.19	897.9	575.83	473.22	434.05	266.34
Inventory	387.64	354.47	271.15	209.89	177.51	142.47
Other Current Assets	20.37	20.64	8.05	9.16	13.3	9.74
Total Current Assets	2,008	2,050	1,603	1,515	1,005	924.57
Property, Plant & Equipment	403.25	370.6	359.37	343.94	294.07	198.77
Long-Term Investments	171.24	171.51	191.01	154.43	136.79	121.73
Goodwill	-	-	-	-	-	0.56
Other Intangible Assets	16.8	15.91	18.03	20.27	12.76	12.7
Long-Term Accounts Receivable	22.88	-	13.48	2.26	1.98	2.68
Long-Term Deferred Tax Assets	22.66	23.23	21.54	21.29	22.25	21.11
Long-Term Deferred Charges	0.42	0.12	0.24	0.79	0.99	1.21
Other Long-Term Assets	32.48	47.73	7.57	1.23	16.16	4.37
Total Assets	2,677	2,679	2,214	2,059	1,490	1,288

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	824.03	840.87	509.7	419.46	353.18	223.11
Accrued Expenses	26.23	32.6	22.42	20.39	32.06	19.97
Short-Term Debt	-	2.94	-	5.47	3.2	5
Current Portion of Long-Term Debt	0.39	2.88	1.33	0.8	2.01	2.3
Current Portion of Leases	0.07	-	0.33	0.18	-	-
Current Income Taxes Payable	2.81	7.2	0.65	0.02	0.48	0.65
Current Unearned Revenue	35.15	41.74	31.41	4.75	6.2	14.54
Other Current Liabilities	60.75	40.41	10.44	12.34	48.6	54.65
Total Current Liabilities	949.44	968.64	576.29	463.41	445.71	320.23
Long-Term Debt	522.64	513.83	468.37	449	-	2
Long-Term Leases	0.02	0.06	0.08	0.19	-	-
Long-Term Unearned Revenue	22.65	22.79	6.72	3.31	0.96	3.85
Long-Term Deferred Tax Liabilities	9.73	12	16.94	12.03	7.09	9.73
Other Long-Term Liabilities	15	15	0.71	-	2.48	-
Total Liabilities	1,519	1,532	1,069	927.94	456.24	335.82

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	95.32	95.32	95.32	95.93	95.39	95.39
Additional Paid-In Capital	478.03	478.03	479.49	499.78	483.65	471.33
Retained Earnings	493.75	484.04	433.62	425.45	387.49	332.11
Treasury Stock	-30.94	-30.94	-	-	-	-
Comprehensive Income & Other	116.69	115.94	130.21	104.07	58.08	45.14
Total Common Equity	1,153	1,142	1,139	1,125	1,025	943.98
Minority Interest	4.9	4	6.11	5.65	9.02	7.92
Shareholders' Equity	1,158	1,146	1,145	1,131	1,034	951.89
Total Liabilities & Equity	2,677	2,679	2,214	2,059	1,490	1,288

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	523.13	519.71	470.12	455.64	5.2	9.3
Net Cash (Debt)	191.19	256.86	277.47	366.69	374.8	496.71
Net Cash Growth	-2.34%	-7.42%	-24.33%	-2.16%	-24.54%	73.48%
Net Cash Per Share	2.02	2.70	2.94	3.83	3.91	6.40
Filing Date Shares Outstanding	94.88	92.55	95.32	95.93	95.39	95.39
Total Common Shares Outstanding	94.88	92.55	95.32	95.93	95.39	95.39
Working Capital	1,058	1,081	1,026	1,051	559.15	604.35
Book Value Per Share	12.15	12.34	11.95	11.73	10.74	9.90
Tangible Book Value	1,136	1,126	1,121	1,105	1,012	930.72
Tangible Book Value Per Share	11.97	12.17	11.76	11.52	10.61	9.76
Buildings	177.71	-	175.32	171.26	171.3	57.47
Machinery	395.86	-	328.17	298.89	169.92	133.56
Construction In Progress	59.75	-	28.39	11.51	65.26	107.05