SHA:688320 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	99.82	43.02	91.33	192.92	416.02	86.27
Trading Asset Securities	10.39	8	-	-	-	-
Cash & Short-Term Investments	110.21	51.02	91.33	192.92	416.02	86.27
Cash Growth	-0.06%	-44.13%	-52.66%	-53.63%	382.24%	-3.09%
Accounts Receivable	949.36	802.68	671.29	716.74	619.54	376.69
Other Receivables	5.8	4.92	4.64	9.27	3.17	2.31
Receivables	955.16	807.6	675.93	726.01	622.71	379
Inventory	476.05	308.36	394.65	457.33	477.65	234.23
Prepaid Expenses	-	0.54	0.52	3.59	-	-
Other Current Assets	47.87	39.43	74.65	70.39	94.44	40.06
Total Current Assets	1,589	1,207	1,237	1,450	1,611	739.56
Property, Plant & Equipment	578.9	597.73	600.98	569.89	393.69	157.21
Long-Term Investments	45.88	34.41	31.92	27.66	28.54	1.5
Goodwill	-	-	-	3.26	3.26	3.26
Other Intangible Assets	83.14	85.85	63.89	70.94	50.57	49.79
Long-Term Deferred Tax Assets	31.73	31.14	25.58	14.62	10.98	10.81
Long-Term Deferred Charges	4.03	4.59	7.2	11.69	13.81	6.49
Other Long-Term Assets	10.27	5.29	3.82	8.14	9.07	3.63
Total Assets	2,343	1,966	1,970	2,156	2,121	972.24

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	652.84	370.88	224.16	318.88	412.59	219.28
Accrued Expenses	44.54	53.53	47.21	45.43	40.05	38.37
Short-Term Debt	222.21	161.16	201.52	161.08	60.53	21.11
Current Portion of Long-Term Debt	-	29.99	60.05	-	-	-
Current Portion of Leases	-	7.56	8.01	7.56	3.98	1.32
Current Income Taxes Payable	-	0.05	0.04	0.03	0.11	3.56
Current Unearned Revenue	19.74	10.65	9.45	4.88	17.02	6.29
Other Current Liabilities	75.05	25.19	23.68	2.9	3.49	2.41
Total Current Liabilities	1,014	659.02	574.13	540.76	537.77	292.34
Long-Term Debt	49.9	49.88	49.99	-	-	-
Long-Term Leases	5.19	4.32	3.58	7.18	5.27	2.07
Long-Term Unearned Revenue	29.89	30.81	32.61	21.34	23.07	24
Long-Term Deferred Tax Liabilities	5.11	5.29	0.02	0.03	-	-
Other Long-Term Liabilities	-	-	-	22.55	20.56	20.22
Total Liabilities	1,104	749.33	660.34	591.87	586.66	338.63

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	151.01	151.01	151.01	151.01	151.01	113.25
Additional Paid-In Capital	983.87	975.23	944.94	952.55	947.02	172.29
Retained Earnings	176.12	153.43	283.47	465.16	438.79	348.41
Treasury Stock	-65.93	-62.13	-62.13	-	-	-
Comprehensive Income & Other	-4.07	-3.78	-0.18	-	-	-
Total Common Equity	1,241	1,214	1,317	1,569	1,537	633.96
Minority Interest	-2.27	2.89	-6.99	-4.16	-2.74	-0.34
Shareholders' Equity	1,239	1,217	1,310	1,565	1,534	633.62
Total Liabilities & Equity	2,343	1,966	1,970	2,156	2,121	972.24

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	277.3	252.91	323.16	175.82	69.78	24.49
Net Cash (Debt)	-167.09	-201.89	-231.83	17.1	346.24	61.78
Net Cash Growth	-	-	-	-95.06%	460.48%	-24.25%
Net Cash Per Share	-1.13	-1.37	-1.54	0.11	2.49	0.54
Filing Date Shares Outstanding	142.99	148.41	148.41	151.01	151.01	113.25
Total Common Shares Outstanding	142.99	148.41	148.41	151.01	151.01	113.25
Working Capital	574.89	547.93	662.94	909.46	1,073	447.22
Book Value Per Share	8.68	8.18	8.87	10.39	10.18	5.60
Tangible Book Value	1,158	1,128	1,253	1,495	1,483	580.9
Tangible Book Value Per Share	8.10	7.60	8.44	9.90	9.82	5.13
Buildings	-	416.89	403.17	284.89	111.96	64.55
Machinery	-	333.03	320.03	275.16	206.79	131.46
Construction In Progress	-	32.01	5.52	109.73	147.08	18.39