SHA:688128 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	739.68	1,183	977.43	825.7	913.2	535.1
Short-Term Investments	214.81	153.61	175.32	441.5	-	-
Trading Asset Securities	120.09	-	80.18	190.38	190.67	501.5
Cash & Short-Term Investments	1,075	1,336	1,233	1,458	1,104	1,037
Cash Growth	16.83%	8.38%	-15.41%	32.04%	6.49%	-30.25%
Accounts Receivable	1,803	1,745	1,833	1,737	1,630	1,410
Other Receivables	29.16	25.12	29.8	21.2	20.89	21.09
Receivables	1,832	1,770	1,863	1,758	1,651	1,431
Inventory	2,570	2,364	2,261	2,515	1,602	918.85
Prepaid Expenses	0.03	0.01	0.03	3.41	-	-
Other Current Assets	377.54	423.9	233.16	214.62	261.65	221.31
Total Current Assets	5,854	5,894	5,590	5,949	4,618	3,608
Property, Plant & Equipment	972.71	942.44	885.93	818.71	725.56	673.18
Long-Term Investments	1,363	1,233	675.88	793.04	705.18	379.05
Goodwill	0.85	0.85	0.85	0.85	0.85	0.85
Other Intangible Assets	191.72	195.47	160.68	165.69	100.97	100.41
Long-Term Deferred Tax Assets	90.58	72.46	41.37	42.07	37.53	38.52
Long-Term Deferred Charges	28.94	34.1	24.71	26.02	17.44	18.6
Other Long-Term Assets	41.28	48.08	27.78	-411.11	42.87	32.54
Total Assets	8,544	8,420	7,407	7,384	6,249	4,851

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	1,064	1,072	1,004	1,244	1,300	1,039
Accrued Expenses	360.94	462.19	395.5	319.93	289.22	225.31
Short-Term Debt	7.97	35.39	35.69	11.5	54.92	24.42
Current Portion of Leases	26.78	28.03	20.22	23.42	72.79	24.38
Current Income Taxes Payable	53.53	69.49	34.93	30.93	11.25	20.01
Current Unearned Revenue	2,938	2,651	2,270	2,381	1,468	681.15
Other Current Liabilities	281.89	311.18	186.3	187.35	134.78	107.49
Total Current Liabilities	4,733	4,629	3,947	4,199	3,332	2,122
Long-Term Leases	36.86	46.32	57.61	60.38	53.81	75.36
Long-Term Unearned Revenue	100.16	95.87	94.77	104.73	141.37	149.33
Pension & Post-Retirement Benefits	7.27	7.61	8.02	7.53	7.4	7.46
Other Long-Term Liabilities	46.26	46.34	51.65	55.55	38.4	32.95
Total Liabilities	4,923	4,825	4,159	4,427	3,573	2,387

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	404.5	404.5	404.5	404.5	404.5	404.5
Additional Paid-In Capital	1,410	1,413	1,413	1,421	1,408	1,408
Retained Earnings	1,774	1,734	1,402	1,117	868.73	647.02
Comprehensive Income & Other	8.84	14.38	3.81	-10.85	-19.39	-14.72
Total Common Equity	3,597	3,566	3,223	2,932	2,661	2,444
Minority Interest	23.19	29.26	25.59	24.81	14.84	20.07
Shareholders' Equity	3,620	3,595	3,249	2,957	2,676	2,465
Total Liabilities & Equity	8,544	8,420	7,407	7,384	6,249	4,851

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	71.61	109.74	113.52	95.3	181.52	124.16
Net Cash (Debt)	1,003	1,226	1,119	1,362	922.35	912.44
Net Cash Growth	29.04%	9.57%	-17.83%	47.70%	1.09%	-37.29%
Net Cash Per Share	2.47	3.03	2.76	3.36	2.28	2.26
Filing Date Shares Outstanding	404.5	404.5	404.5	404.5	404.5	404.5
Total Common Shares Outstanding	404.5	404.5	404.5	404.5	404.5	404.5
Working Capital	1,122	1,265	1,644	1,750	1,287	1,486
Book Value Per Share	8.89	8.82	7.97	7.25	6.58	6.04
Tangible Book Value	3,405	3,370	3,062	2,765	2,560	2,343
Tangible Book Value Per Share	8.42	8.33	7.57	6.84	6.33	5.79
Buildings	562.64	501.08	501.2	498.07	468.31	457.05
Machinery	1,207	1,176	1,115	1,007	831.93	703.61
Construction In Progress	216.23	205.74	96.85	23.58	29.97	12.04