SHA:688209 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	421.85	728.23	676.37	941.06	1,059	293.06
Short-Term Investments	196.02	161.06	-	60.03	131.54	-
Trading Asset Securities	205.28	87.63	349.22	-	-	1.57
Cash & Short-Term Investments	823.15	976.92	1,026	1,001	1,190	294.63
Cash Growth	-13.68%	-4.75%	2.45%	-15.91%	304.05%	108.34%
Accounts Receivable	168.67	173.03	159.75	143.26	92.68	63.65
Other Receivables	17.23	9.79	10.95	8.8	9.66	6.12
Receivables	185.9	182.81	170.7	152.06	102.33	69.76
Inventory	775.99	596.52	371.09	446.97	293.65	191.49
Other Current Assets	172.17	146.8	106.96	27.28	92.86	74.35
Total Current Assets	1,957	1,903	1,674	1,627	1,679	630.23
Property, Plant & Equipment	143.45	101.7	76.59	52.52	58.86	31.34
Long-Term Investments	312.49	331.6	279.1	199.41	35.44	126.62
Goodwill	15.07	15.07	1.01	1.01	1.01	1.01
Other Intangible Assets	66.03	73.14	46.45	18.38	23.4	11.83
Long-Term Deferred Tax Assets	30.67	27.74	14.38	6.47	4.24	1.61
Long-Term Deferred Charges	3.41	5.11	7.5	5.04	4.02	3.52
Other Long-Term Assets	8.23	7.03	28	73.41	65.74	0.92
Total Assets	2,537	2,464	2,127	1,984	1,872	807.07

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	6.9	9.14	5.76	12.83	6.27	6.78
Accrued Expenses	115.1	133.2	89.68	98	53.26	63.79
Short-Term Debt	30	70.04	-	-	-	-
Current Portion of Leases	7.72	6.5	7.09	6.81	4.8	3.7
Current Income Taxes Payable	-	-	-	4.25	0.07	2.68
Current Unearned Revenue	9.51	11.03	4.85	6.52	9.49	2.66
Other Current Liabilities	29.64	20.5	14.72	13.31	31.08	43.04
Total Current Liabilities	198.87	250.4	122.11	141.72	104.98	122.64
Long-Term Leases	9.84	10.51	8.31	7.26	7.83	4.45
Long-Term Unearned Revenue	4.67	6.71	7.57	3.31	2.69	0.06
Long-Term Deferred Tax Liabilities	2	2.11	1.4	1.2	1.56	-
Total Liabilities	215.38	269.73	139.39	153.5	117.06	127.15

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	433.78	433.78	429.24	424.77	420	378
Additional Paid-In Capital	1,307	1,306	1,238	1,155	1,001	106.27
Retained Earnings	614.49	510.64	370.95	258.48	334.11	195.16
Treasury Stock	-36.15	-56.57	-51.01	-7.88	-	-
Total Common Equity	2,319	2,193	1,987	1,830	1,755	679.43
Minority Interest	1.84	1.31	0.49	-0.25	-0.11	0.48
Shareholders' Equity	2,321	2,195	1,988	1,830	1,755	679.92
Total Liabilities & Equity	2,537	2,464	2,127	1,984	1,872	807.07

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	47.56	87.05	15.4	14.08	12.63	8.15
Net Cash (Debt)	775.58	889.87	1,010	987.02	1,178	286.48
Net Cash Growth	-17.73%	-11.91%	2.35%	-16.20%	311.14%	102.57%
Net Cash Per Share	1.79	2.05	2.36	2.35	2.89	0.76
Filing Date Shares Outstanding	431.34	429.41	425.36	420.9	420	378
Total Common Shares Outstanding	431.34	429.41	425.36	424.27	420	378
Working Capital	1,758	1,653	1,552	1,486	1,574	507.58
Book Value Per Share	5.38	5.11	4.67	4.31	4.18	1.80
Tangible Book Value	2,238	2,105	1,940	1,811	1,731	666.59
Tangible Book Value Per Share	5.19	4.90	4.56	4.27	4.12	1.76
Machinery	118.21	107.87	101.49	70.89	64.86	31.58
Construction In Progress	92.88	50.97	11.21	-	-	-