SHA:688198 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	68.39	39.72	56.01	295.31	128.3	156.78
Short-Term Investments	294.9	270.97	135.87	133.32	-	-
Trading Asset Securities	24.49	283.83	178.16	107	484.61	615.53
Cash & Short-Term Investments	387.78	594.52	370.04	535.62	612.91	772.31
Cash Growth	24.19%	60.66%	-30.91%	-12.61%	-20.64%	1.36%
Accounts Receivable	190.86	214.99	133.44	86	59.61	40.39
Other Receivables	4.84	2.56	4.77	3.14	1.98	0.74
Receivables	195.7	217.55	138.21	89.14	61.59	41.13
Inventory	92.25	68.62	52.74	34.9	31.49	21.96
Prepaid Expenses	15.35	0.04	-	1.6	-	0.28
Other Current Assets	33.05	23	29.82	17.96	18.39	17.51
Total Current Assets	724.13	903.75	590.81	679.22	724.37	853.19
Property, Plant & Equipment	503.97	479.36	433.74	278.28	192.09	89.85
Long-Term Investments	-	20.6	122.92	182.48	170.63	6.07
Goodwill	16.36	16.89	17.27	17.01	-	-
Other Intangible Assets	156.88	161.54	112.18	92.76	44.96	43.16
Long-Term Deferred Tax Assets	17.33	17.38	14.81	24.16	28.64	34.49
Long-Term Deferred Charges	13.44	15.03	18.88	0.93	1.46	1.99
Other Long-Term Assets	26.6	8.5	120.24	52.17	17.77	2.2
Total Assets	1,459	1,623	1,431	1,327	1,180	1,031

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	1.32	2.4	1.2	1.19	0.43	0.76
Accrued Expenses	48.78	74.09	50.98	29.79	24.83	17.05
Short-Term Debt	41	75	-	-	-	-
Current Portion of Leases	3.17	3.19	3.45	3.27	0.84	0.94
Current Income Taxes Payable	0.03	14.22	0.96	-	0.17	-
Current Unearned Revenue	13.24	14.62	1.32	0.46	0.43	0.62
Other Current Liabilities	28.23	43.85	56.38	45.88	36.56	17.24
Total Current Liabilities	135.78	227.37	114.28	80.58	63.26	36.6
Long-Term Leases	15.06	15.43	6.33	9.02	0.56	0.72
Long-Term Unearned Revenue	37.18	36.7	33.23	33.46	11.72	0.2
Long-Term Deferred Tax Liabilities	11.8	13.05	13.01	12.39	1.19	0.16
Other Long-Term Liabilities	20.5	17.28	13.41	3.01	3.76	5.05
Total Liabilities	220.32	309.83	180.28	138.47	80.49	42.73

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	137.75	137.75	137.4	136.58	135.67	96.44
Additional Paid-In Capital	814.7	813.63	823.05	803.27	759.67	733.85
Retained Earnings	307.81	374.12	290.47	253.4	206.03	159.16
Comprehensive Income & Other	1.36	1.42	1.68	1.36	0.07	0.06
Total Common Equity	1,254	1,327	1,253	1,195	1,101	989.51
Minority Interest	-15.35	-13.72	-2.03	-6.06	-2.02	-1.28
Shareholders' Equity	1,238	1,313	1,251	1,189	1,099	988.23
Total Liabilities & Equity	1,459	1,623	1,431	1,327	1,180	1,031

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	59.23	93.62	9.79	12.29	1.4	1.66
Net Cash (Debt)	328.55	500.91	360.26	523.33	611.51	770.65
Net Cash Growth	40.14%	39.04%	-31.16%	-14.42%	-20.65%	1.15%
Net Cash Per Share	2.39	3.65	2.63	3.82	4.50	5.72
Filing Date Shares Outstanding	137.75	137.75	137.4	136.58	135.67	135.01
Total Common Shares Outstanding	137.75	137.75	137.4	136.58	135.67	135.01
Working Capital	588.35	676.38	476.52	598.64	661.12	816.59
Book Value Per Share	9.10	9.63	9.12	8.75	8.12	7.33
Tangible Book Value	1,080	1,149	1,123	1,085	1,056	946.35
Tangible Book Value Per Share	7.84	8.34	8.17	7.94	7.79	7.01
Buildings	269.54	269.54	254.99	42.88	42.88	42.88
Machinery	173.57	167.77	135.92	75.28	41.32	28.71
Construction In Progress	140.21	105.41	87.67	190.24	141.15	47