Zhiyang Innovation Technology Co., Ltd. (SHA:688191)

SHA:688191 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	293.2	330.49	194.59	290.86	361.29	373.13
Trading Asset Securities	131.14	12.5	58.71	90.31	-	-
Cash & Short-Term Investments	424.34	342.99	253.3	381.17	361.29	373.13
Cash Growth	84.62%	35.41%	-33.55%	5.50%	-3.17%	81.78%
Accounts Receivable	642.79	801.45	596.57	468.48	412.1	426.23
Other Receivables	4.34	3.25	3.25	2.08	7.64	1.93
Receivables	647.13	804.7	599.82	470.57	419.74	428.16
Inventory	320.22	257.28	298.38	258.97	244.76	283.6
Other Current Assets	35.06	23.78	15.17	14.05	15.29	19.85
Total Current Assets	1,427	1,429	1,167	1,125	1,041	1,105
Property, Plant & Equipment	198.79	184.52	99.05	104.03	112.51	118.07
Long-Term Investments	300	76.46	160.55	103.55	30.39	-
Other Intangible Assets	80.81	62.42	58.1	28.33	3.93	2.32
Long-Term Deferred Tax Assets	43.94	35.91	29.07	24.55	19.26	14.84
Long-Term Deferred Charges	2.91	2.51	4.06	7.82	10.48	8.87
Other Long-Term Assets	0.29	2.18	3.99	14.94	-	-
Total Assets	2,053	1,793	1,521	1,408	1,218	1,249

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	566.72	592.91	445.56	211.27	130.66	162.89
Accrued Expenses	18.79	64.53	62.99	113.29	77.57	74.49
Short-Term Debt	53.29	50.03	4.41	50.04	30.03	-
Current Portion of Long-Term Debt	15.49	1.06	-	-	-	-
Current Portion of Leases	-	5.35	2.22	3.58	0.53	0.53
Current Income Taxes Payable	4.72	1.75	3.05	8.28	-	9.01
Current Unearned Revenue	136.72	98.36	89.6	69.97	83.33	130.34
Other Current Liabilities	18.32	19.82	8.29	61.04	43.82	38.17
Total Current Liabilities	814.04	833.8	616.11	517.47	365.94	415.43
Long-Term Debt	355.77	58.56	-	-	-	-
Long-Term Leases	6.75	7.19	0.5	1.73	0.68	0.65
Long-Term Unearned Revenue	20.43	20.87	17.47	18.36	19.23	16.04
Long-Term Deferred Tax Liabilities	-	0	0.01	-	0.56	0.22
Total Liabilities	1,197	920.43	634.09	537.55	386.41	432.34

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	328	231.65	154.13	153.51	153.51	153.05
Additional Paid-In Capital	291.93	374.72	431.21	419.37	402.87	395.46
Retained Earnings	216.83	262.75	301.39	296.15	273.04	268
Total Common Equity	836.76	869.12	886.73	869.03	829.41	816.5
Minority Interest	19.73	3.2	0.67	1.39	1.82	-
Shareholders' Equity	856.49	872.32	887.4	870.42	831.24	816.5
Total Liabilities & Equity	2,053	1,793	1,521	1,408	1,218	1,249

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	431.3	122.19	7.13	55.34	31.24	1.18
Net Cash (Debt)	-6.96	220.8	246.17	325.83	330.04	371.94
Net Cash Growth	-	-10.31%	-24.45%	-1.28%	-11.27%	103.28%
Net Cash Per Share	-0.02	0.68	0.75	1.02	1.02	1.27
Filing Date Shares Outstanding	336.89	324.31	321.52	320.23	320.23	319.25
Total Common Shares Outstanding	336.89	324.31	321.52	320.23	320.23	319.25
Working Capital	612.71	594.94	550.56	607.3	675.15	689.32
Book Value Per Share	2.48	2.68	2.76	2.71	2.59	2.56
Tangible Book Value	755.95	806.7	828.64	840.7	825.49	814.19
Tangible Book Value Per Share	2.24	2.49	2.58	2.63	2.58	2.55
Buildings	-	98.49	98.49	98.49	102.2	100.73
Machinery	-	55.49	48.68	42.87	38.57	30.08
Construction In Progress	-	82.03	-	-	-	3.13

Data Source: S&P Global Market Intelligence Last updated: Aug 27, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 13, 2026

Data Sources Report a data error