SHA:688156 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	243.42	312.42	225.77	199.23	259.4	349.43
Short-Term Investments	0.88	0.88	0.86	-	-	-
Trading Asset Securities	-	-	-	89.53	115.21	60.92
Cash & Short-Term Investments	244.3	313.29	226.63	288.76	374.62	410.36
Cash Growth	46.44%	38.24%	-21.52%	-22.92%	-8.71%	-2.65%
Accounts Receivable	171.95	199.15	214.84	273.01	285.64	277.9
Other Receivables	1.61	2.52	8.15	2.14	3.87	0.48
Receivables	173.56	201.67	222.99	275.15	289.51	278.38
Inventory	97.8	108.46	112.82	93.52	49.31	26.09
Prepaid Expenses	0.58	0.13	0.03	0.18	0.38	0.23
Other Current Assets	106.41	106.58	93.67	107.84	53.87	26.19
Total Current Assets	622.65	730.14	656.14	765.45	767.69	741.25
Property, Plant & Equipment	984.57	955.23	881.48	635.89	336.83	180.78
Other Intangible Assets	162.04	163.92	132.06	134.03	57	58.84
Long-Term Accounts Receivable	5.99	7.78	12.24	18.59	21.33	6.7
Long-Term Deferred Tax Assets	37.34	42.62	30.58	13.16	9.71	5.82
Long-Term Deferred Charges	6.13	7.09	7	0.99	0.22	7.1
Other Long-Term Assets	21.96	14.07	5.9	21.33	3.75	4.06
Total Assets	1,841	1,921	1,725	1,589	1,197	1,005

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	178	232.75	220.67	289.88	138.52	106.26
Accrued Expenses	6.26	8.5	6.81	5.58	8.05	10.87
Short-Term Debt	227.71	256.7	172.75	127.1	80.1	33.65
Current Portion of Long-Term Debt	103.05	89.97	74.14	29.52	0.12	-
Current Income Taxes Payable	3.22	3.59	3.1	2.77	7.7	5.94
Current Unearned Revenue	10.66	13.6	11.51	10.1	7.49	5.64
Other Current Liabilities	231.47	236.18	51.38	39.86	33.35	25.58
Total Current Liabilities	760.37	841.31	540.35	504.81	275.33	187.95
Long-Term Debt	211.89	210.99	238.46	133.44	87.5	-
Long-Term Unearned Revenue	31.88	31.33	12.1	5.09	2.71	3.4
Long-Term Deferred Tax Liabilities	-	-	-	0	0.03	0.02
Other Long-Term Liabilities	25.37	35.98	61.62	-	-	-
Total Liabilities	1,030	1,120	852.53	643.35	365.58	191.37

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	100.71	100.71	100.71	100.71	92.37	91.84
Additional Paid-In Capital	571.33	571.33	573.01	573.95	476.97	471.12
Retained Earnings	99.46	90.54	160.64	222.23	205.33	207.11
Total Common Equity	771.5	762.58	834.37	896.89	774.67	770.08
Minority Interest	39.68	38.66	38.51	49.19	56.28	43.12
Shareholders' Equity	811.18	801.24	872.87	946.08	830.95	813.19
Total Liabilities & Equity	1,841	1,921	1,725	1,589	1,197	1,005

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	542.65	557.67	485.34	290.06	167.72	33.65
Net Cash (Debt)	-298.36	-244.38	-258.71	-1.31	206.89	376.7
Net Cash Growth	-	-	-	-	-45.08%	-6.17%
Net Cash Per Share	-2.98	-2.44	-2.56	-0.01	2.23	4.09
Filing Date Shares Outstanding	100.71	100.71	100.71	100.71	92.37	91.84
Total Common Shares Outstanding	100.71	100.71	100.71	100.71	92.37	91.84
Working Capital	-137.73	-111.17	115.79	260.64	492.36	553.29
Book Value Per Share	7.66	7.57	8.28	8.91	8.39	8.38
Tangible Book Value	609.46	598.66	702.31	762.87	717.67	711.23
Tangible Book Value Per Share	6.05	5.94	6.97	7.57	7.77	7.74
Buildings	805.3	804.55	709.89	337.99	182.68	133.27
Machinery	339.72	341.29	324.86	222.94	178.19	176.64
Construction In Progress	108.84	46.95	27.04	235.26	121.37	0.59