SHA:688178 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	145.71	135.41	121.51	144.34	295.2	376.55
Short-Term Investments	-	21.43	10.89	-	-	-
Trading Asset Securities	87.96	30.04	20.07	60.43	86.42	15.01
Cash & Short-Term Investments	233.67	186.88	152.47	204.76	381.62	391.56
Cash Growth	12.59%	22.56%	-25.54%	-46.34%	-2.54%	-29.72%
Accounts Receivable	698.18	707.38	857.41	1,024	1,209	1,248
Other Receivables	31.01	23.82	18.82	25.8	28.63	19.24
Receivables	729.19	731.2	876.23	1,049	1,238	1,267
Inventory	63.57	24.63	48.63	50.11	12.69	33.68
Prepaid Expenses	-	-	-	-	0.65	-
Other Current Assets	89.55	62.52	48.5	90.41	25.74	24.71
Total Current Assets	1,116	1,005	1,126	1,395	1,658	1,717
Property, Plant & Equipment	209.33	163.48	178.4	231.79	242.05	195.94
Long-Term Investments	12.88	0.82	11.42	27.76	33.2	35.55
Goodwill	0.13	-	0.79	0.79	0.05	-
Other Intangible Assets	690.64	702.99	471.72	403.23	134.34	99.54
Long-Term Deferred Tax Assets	82.27	75.45	56.27	46.53	26.2	19.27
Long-Term Deferred Charges	25.57	31.16	33.55	35.96	29.55	33.79
Other Long-Term Assets	30.22	29.91	197.71	47.54	27.65	41.71
Total Assets	2,167	2,009	2,076	2,188	2,152	2,143

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	368.36	311.32	370.3	444.41	406.89	477.09
Accrued Expenses	13.38	18.69	29.99	40.81	39.17	55.01
Short-Term Debt	109.97	105.27	140.76	194.96	232.51	209.62
Current Portion of Long-Term Debt	74.01	76.8	25.98	37.36	4.06	6.73
Current Portion of Leases	-	1.91	0.77	0.72	-	1.24
Current Income Taxes Payable	14.42	0.26	0.32	0.38	0.24	7.38
Current Unearned Revenue	57.68	78.97	24.49	22.83	49.11	83.31
Other Current Liabilities	105.57	86.53	89.85	118.02	103.86	57.7
Total Current Liabilities	743.39	679.75	682.46	859.5	835.84	898.08
Long-Term Debt	323.4	320.7	277.35	138.5	36	10
Long-Term Leases	23.37	12.35	0.68	0.51	-	0.42
Long-Term Unearned Revenue	79.19	29.9	30.31	31.01	31	31.23
Long-Term Deferred Tax Liabilities	1.16	0.83	1.72	4.03	3.69	0
Other Long-Term Liabilities	28.36	15.4	11.32	12.17	4.26	6.2
Total Liabilities	1,199	1,059	1,004	1,046	910.8	945.94

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	85	85	85.13	85.28	85.25	85
Additional Paid-In Capital	674.19	674.21	675.46	679.7	677.98	674.85
Retained Earnings	162.31	160.68	276.25	350.45	459.25	436.89
Treasury Stock	-	-	-1.39	-2.83	-2.51	-
Comprehensive Income & Other	-2.55	-2.55	-2.55	-2.41	-	-
Total Common Equity	918.95	917.34	1,033	1,110	1,220	1,197
Minority Interest	49.2	32.77	38.94	32.4	20.75	0
Shareholders' Equity	968.15	950.11	1,072	1,143	1,241	1,197
Total Liabilities & Equity	2,167	2,009	2,076	2,188	2,152	2,143

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	530.75	517.04	445.55	372.05	272.57	228.01
Net Cash (Debt)	-297.08	-330.16	-293.08	-167.28	109.05	163.55
Net Cash Growth	-	-	-	-	-33.32%	-69.44%
Net Cash Per Share	-3.50	-3.88	-3.45	-1.97	1.28	1.92
Filing Date Shares Outstanding	84.93	85	85.13	85.28	85.25	85
Total Common Shares Outstanding	84.93	85	85.13	85.28	85.25	85
Working Capital	372.59	325.49	443.36	535.21	822.63	818.8
Book Value Per Share	10.82	10.79	12.13	13.02	14.31	14.08
Tangible Book Value	228.18	214.35	560.39	706.17	1,086	1,097
Tangible Book Value Per Share	2.69	2.52	6.58	8.28	12.73	12.91
Buildings	-	126.04	126.04	126.04	126.04	85.83
Machinery	-	137.86	144.28	185.01	141.25	108.5
Construction In Progress	-	30.14	16.94	13.15	33.76	38.96