SHA:688311 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	210.03	383.36	333.38	598.91	576.1	914.8
Trading Asset Securities	81.99	-	-	-	-	-
Cash & Short-Term Investments	292.02	383.36	333.38	598.91	576.1	914.8
Cash Growth	-4.40%	14.99%	-44.34%	3.96%	-37.02%	-12.31%
Accounts Receivable	762.75	725.19	532.12	635.21	661.33	599.72
Other Receivables	1.06	1.33	2.38	2.47	2.45	3.82
Receivables	763.81	726.52	534.5	637.67	663.77	603.54
Inventory	303.44	282.11	329.14	342.04	264.71	167.73
Prepaid Expenses	-	2.38	2.38	2.38	0.01	0.38
Other Current Assets	23.56	14.57	49.35	45.69	56.04	17.33
Total Current Assets	1,383	1,409	1,249	1,627	1,561	1,704
Property, Plant & Equipment	537.26	569.81	605.12	873.72	792.11	562.64
Long-Term Investments	117.77	141.44	103.53	76.43	86.03	87.11
Goodwill	-	-	-	79.11	79.11	79.11
Other Intangible Assets	32.02	33.44	38.66	51.38	49.78	53.63
Long-Term Deferred Tax Assets	105.05	99.52	83.49	51.6	38.18	19.84
Long-Term Deferred Charges	2.09	-	-	0.03	0.08	0.13
Other Long-Term Assets	202.88	202.91	211.6	6.47	19.63	7.71
Total Assets	2,380	2,456	2,291	2,765	2,626	2,514

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	404.84	403.9	270.75	389.48	406.22	278.11
Accrued Expenses	13.25	21.7	18.01	20.26	22.8	35.5
Short-Term Debt	38.11	38.53	20.02	55	65	25
Current Portion of Long-Term Debt	25.68	26.37	25.26	26.2	30.3	30.3
Current Portion of Leases	-	0.11	0.37	1.13	1.34	0.8
Current Income Taxes Payable	0.34	-	-	3.47	12.85	17.2
Current Unearned Revenue	1.45	6.01	4.59	3.71	16.08	4.35
Other Current Liabilities	33.6	48.39	48.16	99.57	115.83	98.92
Total Current Liabilities	517.27	545.01	387.17	598.82	670.43	490.18
Long-Term Debt	16.77	141.69	152.87	319.2	105.9	149.7
Long-Term Leases	-	-	0.11	0.72	1.86	3.43
Long-Term Unearned Revenue	41.11	50.65	73.79	79.56	69.01	46.66
Long-Term Deferred Tax Liabilities	-	-	-	10.45	1.08	3.1
Other Long-Term Liabilities	0.16	0.23	-	-	-	-
Total Liabilities	575.31	737.58	613.93	1,009	848.28	693.08

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	175.11	167.92	168.73	160.56	115.05	114.67
Additional Paid-In Capital	1,615	1,468	1,477	1,310	1,362	1,348
Retained Earnings	-97.61	-44.71	-28.33	243.32	300.61	315.99
Treasury Stock	-	-	-40.03	-42.01	-45.17	-
Comprehensive Income & Other	64.82	80.9	52.12	33.29	1.84	-
Total Common Equity	1,758	1,672	1,630	1,705	1,734	1,779
Minority Interest	47.02	46.74	47.57	51.32	43.33	42.01
Shareholders' Equity	1,805	1,718	1,677	1,757	1,777	1,821
Total Liabilities & Equity	2,380	2,456	2,291	2,765	2,626	2,514

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	80.57	206.7	198.63	402.25	204.39	209.24
Net Cash (Debt)	211.45	176.66	134.74	196.66	371.71	705.56
Net Cash Growth	70.32%	31.11%	-31.48%	-47.09%	-47.32%	-23.62%
Net Cash Per Share	1.28	1.08	0.84	1.50	2.41	4.42
Filing Date Shares Outstanding	171.53	167.92	168.04	38.23	160.1	160.54
Total Common Shares Outstanding	171.53	167.92	168.04	38.23	160.1	160.54
Working Capital	865.56	863.93	861.58	1,028	890.21	1,214
Book Value Per Share	10.25	9.96	9.70	44.60	10.83	11.08
Tangible Book Value	1,726	1,638	1,591	1,575	1,605	1,646
Tangible Book Value Per Share	10.06	9.76	9.47	41.19	10.03	10.25
Buildings	-	439.04	439.24	629.11	367.56	21.91
Machinery	-	325.32	319.14	340.49	200.42	101.24
Construction In Progress	-	30.28	5.28	14.86	275.61	516.66