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	Mar '26 Mar 31, 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	294.31	312.42	225.77	199.23	259.4	349.43
Short-Term Investments	-	0.88	0.86	-	-	-
Trading Asset Securities	-	-	-	89.53	115.21	60.92
Cash & Short-Term Investments	294.31	313.29	226.63	288.76	374.62	410.36
Cash Growth	60.03%	38.24%	-21.52%	-22.92%	-8.71%	-2.65%
Accounts Receivable	191.82	199.15	214.84	273.01	285.64	277.9
Other Receivables	38.82	2.52	8.15	2.14	3.87	0.48
Receivables	230.64	201.67	222.99	275.15	289.51	278.38
Inventory	99.61	108.46	112.82	93.52	49.31	26.09
Prepaid Expenses	-	0.13	0.03	0.18	0.38	0.23
Other Current Assets	86.58	106.58	93.67	107.84	53.87	26.19
Total Current Assets	711.14	730.14	656.14	765.45	767.69	741.25
Property, Plant & Equipment	969.86	955.23	881.48	635.89	336.83	180.78
Other Intangible Assets	162.99	163.92	132.06	134.03	57	58.84
Long-Term Accounts Receivable	-	7.78	12.24	18.59	21.33	6.7
Long-Term Deferred Tax Assets	38.73	42.62	30.58	13.16	9.71	5.82
Long-Term Deferred Charges	7.24	7.09	7	0.99	0.22	7.1
Other Long-Term Assets	19.29	14.07	5.9	21.33	3.75	4.06
Total Assets	1,909	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	Mar '26 Mar 31, 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	203.83	232.75	220.67	289.88	138.52	106.26
Accrued Expenses	4.97	8.5	6.81	5.58	8.05	10.87
Short-Term Debt	262.93	256.7	172.75	127.1	80.1	33.65
Current Portion of Long-Term Debt	111.7	89.97	74.14	29.52	0.12	-
Current Income Taxes Payable	5.76	3.59	3.1	2.77	7.7	5.94
Current Unearned Revenue	10.43	13.6	11.51	10.1	7.49	5.64
Other Current Liabilities	207.5	236.18	51.38	39.86	33.35	25.58
Total Current Liabilities	807.13	841.31	540.35	504.81	275.33	187.95
Long-Term Debt	226.41	210.99	238.46	133.44	87.5	-
Long-Term Unearned Revenue	32.54	31.33	12.1	5.09	2.71	3.4
Long-Term Deferred Tax Liabilities	-	-	-	0	0.03	0.02
Other Long-Term Liabilities	29.37	35.98	61.62	-	-	-
Total Liabilities	1,095	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	Mar '26 Mar 31, 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	101.58	90.54	160.64	222.23	205.33	207.11
Total Common Equity	773.62	762.58	834.37	896.89	774.67	770.08
Minority Interest	40.18	38.66	38.51	49.19	56.28	43.12
Shareholders' Equity	813.8	801.24	872.87	946.08	830.95	813.19
Total Liabilities & Equity	1,909	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	Mar '26 Mar 31, 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	601.04	557.67	485.34	290.06	167.72	33.65
Net Cash (Debt)	-306.73	-244.38	-258.71	-1.31	206.89	376.7
Net Cash Growth	-	-	-	-	-45.08%	-6.17%
Net Cash Per Share	-3.27	-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	-95.99	-111.17	115.79	260.64	492.36	553.29
Book Value Per Share	7.68	7.57	8.28	8.91	8.39	8.38
Tangible Book Value	610.63	598.66	702.31	762.87	717.67	711.23
Tangible Book Value Per Share	6.06	5.94	6.97	7.57	7.77	7.74
Buildings	-	804.55	709.89	337.99	182.68	133.27
Machinery	-	341.29	324.86	222.94	178.19	176.64
Construction In Progress	-	46.95	27.04	235.26	121.37	0.59