SHA:688277 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	228.74	264.15	260.2	310.86	211.39	287.11
Short-Term Investments	-	-	26.6	-	-	-
Trading Asset Securities	17.01	41.65	-	50.04	40.2	120.63
Cash & Short-Term Investments	245.74	305.8	286.79	360.9	251.59	407.74
Cash Growth	-25.14%	6.63%	-20.53%	43.45%	-38.30%	-43.42%
Accounts Receivable	53.06	42.02	70.96	49.66	35.37	37.52
Other Receivables	10.79	10.34	12.53	9.52	11.85	10.16
Receivables	63.85	52.36	83.49	59.18	47.23	47.68
Inventory	68.2	47.29	31.67	26.23	43.8	37.94
Prepaid Expenses	-	-	-	-	2.99	2.75
Other Current Assets	37.6	37.45	36.02	42.49	27.8	11.3
Total Current Assets	415.39	442.89	437.97	488.8	373.41	507.42
Property, Plant & Equipment	438.38	430.39	422.67	450.35	279.47	112.35
Long-Term Investments	598.62	617.67	596.02	454.34	467.02	265.22
Other Intangible Assets	36.84	41.91	16.34	10.28	6.69	7.61
Long-Term Accounts Receivable	17.03	15.72	8.25	1.65	-	3.41
Long-Term Deferred Tax Assets	9.24	9.14	54.19	77.87	86	54.16
Long-Term Deferred Charges	32.18	15.32	32.54	13.85	19.38	20.23
Other Long-Term Assets	135.54	141.3	123.73	122.34	174.98	308.64
Total Assets	1,683	1,714	1,692	1,619	1,407	1,279

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	54.95	44.55	27.84	27.79	22.52	9.63
Accrued Expenses	14.06	31.95	35.65	43.17	53.73	37.83
Short-Term Debt	20	16.38	25.78	32.81	-	-
Current Portion of Long-Term Debt	21.69	21.2	18.19	20.68	3.29	-
Current Portion of Leases	1.78	1.92	3.94	4.9	33.47	22.59
Current Unearned Revenue	28.18	42.15	38.66	17.61	32.11	31.56
Other Current Liabilities	5.52	5.43	6.53	20.08	13.26	11.62
Total Current Liabilities	146.17	163.58	156.6	167.04	158.38	113.23
Long-Term Debt	143.24	154.25	150.37	157.75	21.25	-
Long-Term Leases	2.61	3.35	0.26	3.75	40.41	48.17
Long-Term Unearned Revenue	1.25	1.53	7.21	4.31	11.8	20.7
Long-Term Deferred Tax Liabilities	53.36	53.61	57.89	42.25	52.37	22.56
Other Long-Term Liabilities	113.97	112.01	39.24	6.85	5.18	6.82
Total Liabilities	460.6	488.34	411.58	381.95	289.39	211.48

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	466.44	455.99	449.39	449.39	419.85	419.85
Additional Paid-In Capital	1,211	1,143	1,045	1,031	668.47	670.68
Retained Earnings	-805.46	-735.36	-551.92	-467.22	-310.83	-192.12
Comprehensive Income & Other	321.08	322.47	325.47	224.81	266.2	108.54
Total Common Equity	1,193	1,186	1,268	1,238	1,044	1,007
Minority Interest	29.41	39.52	12.29	-	73.88	60.62
Shareholders' Equity	1,223	1,226	1,280	1,238	1,118	1,068
Total Liabilities & Equity	1,683	1,714	1,692	1,619	1,407	1,279

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	189.32	197.09	198.54	219.89	98.42	70.76
Net Cash (Debt)	56.42	108.71	88.25	141.01	153.17	336.98
Net Cash Growth	-49.55%	23.18%	-37.42%	-7.94%	-54.55%	-53.24%
Net Cash Per Share	0.12	0.24	0.20	0.32	0.36	0.80
Filing Date Shares Outstanding	466.44	455.99	449.39	449.39	419.85	419.85
Total Common Shares Outstanding	466.44	455.99	449.39	449.39	419.85	419.85
Working Capital	269.22	279.31	281.37	321.76	215.03	394.19
Book Value Per Share	2.56	2.60	2.82	2.75	2.49	2.40
Tangible Book Value	1,156	1,145	1,252	1,227	1,037	999.34
Tangible Book Value Per Share	2.48	2.51	2.78	2.73	2.47	2.38
Buildings	368.08	365.15	364.64	360.55	132.86	-
Machinery	176.81	152.53	118.95	110.43	108.47	63.3
Construction In Progress	-	-	-	10.13	-	-