SHA:688131 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	1,570	1,531	879.55	483.61	460.14	1,037
Trading Asset Securities	48.83	20.07	449.15	-	17.23	-
Cash & Short-Term Investments	1,619	1,551	1,329	483.61	477.36	1,037
Cash Growth	13.55%	16.77%	174.75%	1.31%	-53.97%	255.16%
Accounts Receivable	877.49	721.12	598.22	507.72	366.01	150.8
Other Receivables	28.55	30.89	30.57	14.54	13.58	15.99
Receivables	906.04	752.01	628.79	522.26	379.59	166.79
Inventory	1,585	1,406	1,163	1,145	910.88	352.07
Prepaid Expenses	6.49	19.73	2.12	-	0.13	2.65
Other Current Assets	62.37	58.71	52.75	36.92	54.91	31.81
Total Current Assets	4,179	3,788	3,175	2,188	1,823	1,590
Property, Plant & Equipment	1,522	1,512	1,450	1,206	1,077	520.21
Long-Term Investments	117.38	108.49	179.82	118.35	88.59	82.98
Goodwill	377.52	377.52	301.18	301.18	301.18	14.65
Other Intangible Assets	145.46	154.55	114.05	118.66	100.94	40.52
Long-Term Deferred Tax Assets	205.73	175.42	135.94	105.32	59.12	29.62
Long-Term Deferred Charges	135.23	140.45	130.41	126.58	128.66	26.07
Other Long-Term Assets	16.91	38.06	19.03	27.79	19.39	80.02
Total Assets	6,699	6,294	5,505	4,192	3,598	2,385

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	517.37	476.98	337.78	293.4	309.96	206.26
Accrued Expenses	146.28	162.29	137.12	112.85	108.68	48.04
Short-Term Debt	968.55	829.79	539.38	555.07	228.76	6
Current Portion of Long-Term Debt	90.93	78.43	52.97	47.32	19.7	-
Current Portion of Leases	77.99	83.55	66.88	-	31.66	25.16
Current Income Taxes Payable	37.63	48.06	47.73	25.91	19.43	10.19
Current Unearned Revenue	119.08	86.2	70.6	65.24	58.72	23.33
Other Current Liabilities	53.01	12.22	7.72	64.04	45.16	2.76
Total Current Liabilities	2,011	1,778	1,260	1,164	822.06	321.73
Long-Term Debt	987.75	969.55	951.46	229.23	170.9	-
Long-Term Leases	275.05	280.61	329.31	196.19	194.93	165.49
Long-Term Unearned Revenue	59.8	62.15	59.73	61.91	61.45	59.97
Long-Term Deferred Tax Liabilities	17.07	18.73	-	14.78	16.43	0.92
Total Liabilities	3,351	3,109	2,601	1,666	1,266	548.11

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	213.23	212.1	210.96	150.39	106.98	74.34
Additional Paid-In Capital	1,800	1,758	1,676	1,689	1,634	1,326
Retained Earnings	1,177	1,038	846.42	663.17	573.65	419.4
Comprehensive Income & Other	124.4	128.67	144.26	6.64	5.55	2.25
Total Common Equity	3,314	3,136	2,878	2,509	2,320	1,822
Minority Interest	34.44	49.69	26.38	17.2	12.05	14.13
Shareholders' Equity	3,349	3,186	2,904	2,526	2,332	1,836
Total Liabilities & Equity	6,699	6,294	5,505	4,192	3,598	2,385

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	2,400	2,242	1,940	1,028	645.95	196.66
Net Cash (Debt)	-781.67	-690.43	-611.3	-544.2	-168.59	840.52
Net Cash Growth	-	-	-	-	-	290.72%
Net Cash Per Share	-3.68	-3.25	-2.91	-2.60	-0.83	4.72
Filing Date Shares Outstanding	213.23	212.1	210.96	210.54	209.69	203.99
Total Common Shares Outstanding	213.23	212.1	210.96	210.54	209.69	203.99
Working Capital	2,168	2,010	1,915	1,024	1,001	1,269
Book Value Per Share	15.54	14.79	13.64	11.92	11.06	8.93
Tangible Book Value	2,791	2,604	2,463	2,089	1,918	1,767
Tangible Book Value Per Share	13.09	12.28	11.67	9.92	9.15	8.66
Buildings	367.26	365.79	369.09	330.72	314.38	145.63
Machinery	1,007	937.85	805.07	741.14	433.98	125.48
Construction In Progress	279.43	281.55	272.75	152.13	246.82	115.85
Order Backlog	-	670	-	-	-	-