SHA:688186 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	481.68	796.99	811.51	570.6	1,479	781.71
Trading Asset Securities	-	-	-	-	0.06	32.65
Cash & Short-Term Investments	481.68	796.99	811.51	570.6	1,479	814.36
Cash Growth	-42.60%	-1.79%	42.22%	-61.42%	81.64%	81.25%
Accounts Receivable	2,907	3,036	2,246	2,229	1,886	1,194
Other Receivables	15.88	9.37	10.68	10.79	13.71	21.59
Receivables	2,923	3,045	2,256	2,240	1,899	1,230
Inventory	2,833	2,662	2,353	2,028	1,976	1,508
Prepaid Expenses	-	0.19	0.19	0.19	0.19	0.54
Other Current Assets	112.07	83.84	116.11	118.91	249.76	185.15
Total Current Assets	6,349	6,588	5,537	4,958	5,605	3,738
Property, Plant & Equipment	5,397	5,194	5,253	5,035	4,334	3,253
Goodwill	21.31	21.31	21.31	21.31	24.39	24.39
Other Intangible Assets	505.4	512.66	525.89	537.9	402.05	395.37
Long-Term Accounts Receivable	-	17.21	22.42	-	-	-
Long-Term Deferred Tax Assets	52.83	45.08	54.44	53.7	44.56	27.94
Long-Term Deferred Charges	51.34	40.43	29.11	32.42	30.32	31.99
Other Long-Term Assets	31.87	18.83	20.46	22.09	23.73	25.36
Total Assets	12,410	12,438	11,464	10,660	10,464	7,496

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	2,725	2,537	2,473	2,346	2,624	1,907
Accrued Expenses	23.84	43.34	33.51	42.19	27.6	35.44
Short-Term Debt	1,095	1,020	874.08	674.76	809.3	1,106
Current Portion of Long-Term Debt	560.42	683.44	496.31	277.17	455.58	371.48
Current Portion of Leases	-	-	-	-	-	6.71
Current Income Taxes Payable	26.46	5.03	6.66	1.78	14.1	6.91
Current Unearned Revenue	22.83	9.73	53.31	18.21	14.12	10.63
Other Current Liabilities	169.82	181.66	152.56	24.16	17.82	12.81
Total Current Liabilities	4,623	4,480	4,089	3,384	3,963	3,457
Long-Term Debt	2,718	2,776	3,333	3,344	2,672	568.78
Long-Term Leases	-	-	-	-	17.16	14.38
Long-Term Unearned Revenue	34.74	68.59	44.94	44.26	42.8	-
Long-Term Deferred Tax Liabilities	-	-	-	-	0.69	0.99
Other Long-Term Liabilities	36.81	-	-	-	-	-
Total Liabilities	7,413	7,325	7,467	6,772	6,695	4,041

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	280.49	280.49	214.24	214.24	214.24	214.24
Additional Paid-In Capital	3,885	3,885	2,457	2,457	2,457	2,457
Retained Earnings	814.92	802.58	673.17	582.1	483.6	434.22
Treasury Stock	-423.54	-285.86	-	-	-	-
Comprehensive Income & Other	41.98	37.77	282.97	279.33	273.76	20.07
Total Common Equity	4,599	4,720	3,627	3,533	3,429	3,125
Minority Interest	398.42	393.66	369.09	355.21	339.72	329.77
Shareholders' Equity	4,997	5,113	3,996	3,888	3,768	3,455
Total Liabilities & Equity	12,410	12,438	11,464	10,660	10,464	7,496

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	4,373	4,480	4,704	4,295	3,954	2,067
Net Cash (Debt)	-3,892	-3,683	-3,892	-3,725	-2,475	-1,253
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-14.00	-15.92	-16.64	-16.03	-11.54	-6.76
Filing Date Shares Outstanding	353.86	280.49	214.24	214.24	214.24	214.24
Total Common Shares Outstanding	353.86	280.49	214.24	214.24	214.24	214.24
Working Capital	1,726	2,108	1,448	1,573	1,642	281.17
Book Value Per Share	13.00	16.83	16.93	16.49	16.00	14.59
Tangible Book Value	4,072	4,186	3,080	2,973	3,002	2,706
Tangible Book Value Per Share	11.51	14.92	14.38	13.88	14.01	12.63
Buildings	-	1,967	1,955	1,852	1,199	1,004
Machinery	-	4,594	3,667	3,016	131.33	1,312
Construction In Progress	-	275.5	917.18	1,135	2,195	1,461