SHA:688165 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	476.91	715.07	787.65	615.24	338.8	424.3
Trading Asset Securities	411.75	115.55	98.38	6.33	435.39	440.96
Cash & Short-Term Investments	888.66	830.62	886.03	621.57	774.19	865.26
Cash Growth	4.87%	-6.25%	42.55%	-19.71%	-10.53%	-16.25%
Accounts Receivable	1,075	1,013	1,214	1,157	1,090	889.97
Other Receivables	62.13	58.65	121.22	130.32	28.75	16.31
Receivables	1,137	1,072	1,335	1,287	1,119	906.29
Inventory	285.27	246.16	260.6	276.17	322.12	251.83
Other Current Assets	81.56	85.88	98.05	92.9	125.3	112.71
Total Current Assets	2,393	2,234	2,580	2,278	2,340	2,136
Property, Plant & Equipment	453.7	338.09	284.38	266.74	287.01	296.33
Long-Term Investments	147.05	136.68	223.49	272.25	96.29	88.29
Goodwill	93.4	99.03	191.02	199.37	259.27	252.25
Other Intangible Assets	101.07	106.87	115.29	130.58	165.55	175.02
Long-Term Accounts Receivable	-	-	-	-	-	0
Long-Term Deferred Tax Assets	299.32	296.52	230.04	175.32	176.33	122.75
Long-Term Deferred Charges	4.52	3.3	1.89	1.59	1.15	0.48
Other Long-Term Assets	35.6	18.75	13.76	15.77	-	6.28
Total Assets	3,527	3,234	3,640	3,340	3,326	3,077

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	615.09	403.93	496.28	417.05	375.76	251.57
Accrued Expenses	132.43	150.7	123.37	137.52	153.84	129.09
Short-Term Debt	106.29	71.95	128.17	356.86	426.83	339.6
Current Portion of Long-Term Debt	377.47	356.75	214.23	100.7	121.9	71.67
Current Portion of Leases	11.24	10.04	7.56	11.08	9.49	10.68
Current Income Taxes Payable	3.82	5.01	32.62	9.07	1.34	2.35
Current Unearned Revenue	61.12	74.09	96.57	86.9	142.7	67.4
Other Current Liabilities	140.97	114.77	98.72	57.07	78.73	54.92
Total Current Liabilities	1,448	1,187	1,198	1,176	1,311	927.27
Long-Term Debt	634.37	630.71	584.67	185.08	77.77	93.15
Long-Term Leases	11.03	4.55	9.8	12.16	28.09	30.37
Long-Term Unearned Revenue	178.89	114.05	96.01	89.89	78.34	46.97
Pension & Post-Retirement Benefits	27.02	33.72	31.37	35.41	31.77	43.34
Long-Term Deferred Tax Liabilities	12.07	12.13	29.76	36.38	42.02	43.86
Other Long-Term Liabilities	-	-	-	-	-	8.52
Total Liabilities	2,312	1,982	1,949	1,535	1,569	1,193

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	521.78	521.78	521.78	521.78	521.78	521.78
Additional Paid-In Capital	2,088	2,069	2,051	2,039	2,037	2,032
Retained Earnings	-1,460	-1,403	-906.26	-749.1	-701.66	-528.79
Comprehensive Income & Other	14.19	30.37	-53.95	-12.23	-106.02	-148.6
Total Common Equity	1,164	1,218	1,612	1,799	1,751	1,876
Minority Interest	51.83	33.53	78.12	5.3	6.11	7.71
Shareholders' Equity	1,216	1,251	1,690	1,804	1,757	1,884
Total Liabilities & Equity	3,527	3,234	3,640	3,340	3,326	3,077

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	1,140	1,074	944.43	665.89	664.08	545.47
Net Cash (Debt)	-251.74	-243.38	-58.4	-44.32	110.11	319.79
Net Cash Growth	-	-	-	-	-65.57%	-48.59%
Net Cash Per Share	-0.48	-0.47	-0.11	-0.08	0.21	0.61
Filing Date Shares Outstanding	521.78	521.78	521.78	521.78	521.78	521.78
Total Common Shares Outstanding	521.78	521.78	521.78	521.78	521.78	521.78
Working Capital	944.26	1,047	1,382	1,102	1,030	1,209
Book Value Per Share	2.23	2.33	3.09	3.45	3.36	3.60
Tangible Book Value	969.24	1,012	1,306	1,469	1,326	1,449
Tangible Book Value Per Share	1.86	1.94	2.50	2.82	2.54	2.78
Land	28.58	30.31	32.68	34.12	32.64	31.37
Buildings	171.83	173.06	183.48	184.03	193.76	191.76
Machinery	279.75	264.85	216.3	183.01	207.53	196.56
Construction In Progress	152.77	50.33	8.37	7.66	2.18	4.7