SHA:688334 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	1,741	1,393	1,054	863.75	286.27	455.41
Short-Term Investments	-	705.82	267.48	430.14	-	-
Cash & Short-Term Investments	1,741	2,099	1,322	1,294	286.27	455.41
Cash Growth	15.03%	58.79%	2.16%	351.98%	-37.14%	143.82%
Accounts Receivable	121.15	167.88	172.14	216.11	92.34	103.38
Other Receivables	1.64	0.86	0.81	25.31	6.66	1.47
Receivables	122.79	168.74	172.96	241.41	99.01	104.85
Inventory	73.14	64.99	51.85	54.02	79.22	74.48
Prepaid Expenses	-	5.2	8.83	11.08	16.57	10.41
Other Current Assets	753.63	14.97	21.62	22.2	21.83	10.45
Total Current Assets	2,690	2,353	1,577	1,623	502.9	655.61
Property, Plant & Equipment	973.83	1,006	1,095	922.13	883.99	940.8
Long-Term Investments	54.83	236.88	718.69	927.9	720.7	437.78
Goodwill	23.72	23.72	23.72	23.72	24.4	25.54
Other Intangible Assets	118.2	122.36	127.24	102.84	104.17	103.6
Long-Term Accounts Receivable	-	-	-	-	0.02	-
Long-Term Deferred Tax Assets	0.84	0.77	3	3.76	1.81	2.49
Other Long-Term Assets	28.8	27.84	3.4	32.98	16.86	5.9
Total Assets	3,892	3,770	3,548	3,636	2,255	2,172

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	71.22	61.63	124.43	148.18	44.53	39.52
Accrued Expenses	30.11	13.36	12.03	7.45	7.51	9.98
Current Portion of Long-Term Debt	8.24	3.8	3.8	3.8	3.8	3.8
Current Portion of Leases	-	0.64	3.8	3.64	3.13	2.99
Current Income Taxes Payable	12.71	5.92	5.97	7.15	-	1.06
Current Unearned Revenue	417.5	383.49	282.27	195.33	171.5	170.8
Other Current Liabilities	34.44	31.56	58.32	24.79	5.86	31.97
Total Current Liabilities	574.21	500.4	490.63	390.33	236.34	260.11
Long-Term Debt	35.11	40.91	9.6	13.41	17.21	21.01
Long-Term Leases	7.99	3.86	0.19	4.86	6.7	9.84
Long-Term Unearned Revenue	61.93	69.02	80.19	90.04	104.04	124.34
Pension & Post-Retirement Benefits	-	11.41	11.16	10.05	7.9	9.05
Long-Term Deferred Tax Liabilities	22.89	23.13	26.99	28.87	30.96	26.55
Other Long-Term Liabilities	17.84	0.63	0.46	1.2	1.04	1.43
Total Liabilities	719.96	649.36	619.24	538.75	404.18	452.34

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	316.58	316.58	316.58	316.58	237.43	237.43
Additional Paid-In Capital	2,127	2,127	2,127	2,473	1,509	1,509
Retained Earnings	540.83	466.56	335.29	269.65	103.99	-26.37
Comprehensive Income & Other	-0.93	-0.91	-0.6	0.01	0.08	-0.85
Total Common Equity	2,983	2,909	2,778	3,060	1,851	1,719
Minority Interest	188.22	211.8	150.72	37.61	-	-
Shareholders' Equity	3,172	3,121	2,929	3,097	1,851	1,719
Total Liabilities & Equity	3,892	3,770	3,548	3,636	2,255	2,172

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	51.34	49.21	17.4	25.71	30.84	37.63
Net Cash (Debt)	1,689	2,050	1,304	1,268	255.43	417.77
Net Cash Growth	15.38%	57.14%	2.86%	396.49%	-38.86%	164.12%
Net Cash Per Share	5.34	6.47	4.12	4.58	1.08	2.66
Filing Date Shares Outstanding	316.55	316.58	316.58	316.58	237.43	237.43
Total Common Shares Outstanding	316.55	316.58	316.58	316.58	237.43	237.43
Working Capital	2,116	1,852	1,086	1,232	266.56	395.5
Book Value Per Share	9.42	9.19	8.78	9.66	7.79	7.24
Tangible Book Value	2,841	2,763	2,627	2,933	1,722	1,590
Tangible Book Value Per Share	8.98	8.73	8.30	9.26	7.25	6.70
Buildings	-	826.04	844.53	692.38	690.95	691.09
Machinery	-	2,060	2,027	1,882	1,718	1,655
Construction In Progress	-	8.64	6.67	6.84	2.63	13.83