SHA:688111 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	1,388	694.05	897.94	3,478	7,015	1,254
Short-Term Investments	10,263	7,977	3,167	3,404	962.98	-
Trading Asset Securities	881.48	1,717	1,384	2,571	1,192	6,942
Cash & Short-Term Investments	12,532	10,388	5,449	9,453	9,171	8,196
Cash Growth	108.36%	90.63%	-42.35%	3.08%	11.89%	7.43%
Accounts Receivable	761.8	641	510.14	570.65	502.39	417.49
Other Receivables	97.04	71.48	63.25	41.67	27.09	36.23
Receivables	859.17	712.95	573.79	612.9	529.48	453.72
Inventory	0.4	0.52	0.8	1.41	1.16	2.3
Other Current Assets	318.12	104.73	80.78	79.89	74.15	42.35
Total Current Assets	13,710	11,206	6,105	10,147	9,775	8,694
Property, Plant & Equipment	505.54	491.13	475.02	387.94	310.12	187.72
Long-Term Investments	6,298	6,070	8,927	3,033	1,589	1,162
Goodwill	184.67	184.67	184.67	184.67	184.67	184.67
Other Intangible Assets	65.63	73.14	79.35	87.03	102.29	117.98
Long-Term Deferred Tax Assets	28.17	37.63	34.98	40.73	21.13	19.05
Long-Term Deferred Charges	37.08	36.93	49.43	46.22	28.06	12.52
Other Long-Term Assets	33.66	38.62	40.47	31.28	33.75	40.53
Total Assets	20,880	18,156	15,913	13,974	12,058	10,426

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	4.83	8.21	7.19	20.91	38.78	7.71
Accrued Expenses	890.35	1,070	911.42	901.46	713.59	617.97
Current Portion of Leases	33.96	21.66	26.59	36.73	65.85	39.8
Current Income Taxes Payable	12.65	23.67	22.25	28.59	12.92	25.17
Current Unearned Revenue	2,764	2,599	2,136	1,892	1,731	1,421
Other Current Liabilities	542.75	218.83	359.35	274.22	187.83	156.18
Total Current Liabilities	4,249	3,942	3,462	3,154	2,750	2,268
Long-Term Leases	30.43	15.09	17.2	41.67	69.42	74.72
Long-Term Unearned Revenue	1,250	1,260	945.74	642.45	354.51	233.55
Long-Term Deferred Tax Liabilities	274.18	86.19	51.05	42.97	26.79	15.88
Other Long-Term Liabilities	-	-	-	73.54	58.34	53.6
Total Liabilities	5,803	5,302	4,476	3,954	3,259	2,645

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	464.01	463.18	462.53	461.72	461.22	461
Additional Paid-In Capital	5,726	5,473	5,441	5,178	4,942	4,748
Retained Earnings	8,894	6,956	5,533	4,294	3,310	2,515
Treasury Stock	-	-44.02	-100.03	-	-	-
Comprehensive Income & Other	-6.75	4.98	19.66	15.46	11.4	-4.21
Total Common Equity	15,077	12,853	11,356	9,949	8,724	7,720
Minority Interest	-	-	81.01	70.81	74.09	60.69
Shareholders' Equity	15,077	12,853	11,437	10,020	8,798	7,780
Total Liabilities & Equity	20,880	18,156	15,913	13,974	12,058	10,426

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	64.39	36.75	43.79	78.41	135.27	114.51
Net Cash (Debt)	12,468	10,351	5,406	9,374	9,035	8,081
Net Cash Growth	108.94%	91.49%	-42.34%	3.75%	11.80%	5.93%
Net Cash Per Share	26.85	22.32	11.70	20.27	19.57	17.54
Filing Date Shares Outstanding	462.47	463.18	461.9	461.72	461.22	461
Total Common Shares Outstanding	462.47	463.18	461.9	461.72	461.22	461
Working Capital	9,461	7,265	2,642	6,993	7,025	6,426
Book Value Per Share	32.60	27.75	24.58	21.55	18.92	16.75
Tangible Book Value	14,826	12,596	11,092	9,677	8,437	7,417
Tangible Book Value Per Share	32.06	27.19	24.01	20.96	18.29	16.09
Buildings	398.83	401.08	243.13	-	-	-
Machinery	375.11	357.21	312.58	290.12	259.38	217.58
Construction In Progress	-	-	134.96	248.06	120.65	-