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	Sep '26 Sep 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	1,618	1,393	1,054	863.75	286.27	455.41
Short-Term Investments	432.73	705.82	267.48	430.14	-	-
Cash & Short-Term Investments	2,475	2,099	1,322	1,294	286.27	455.41
Cash Growth	38.88%	58.79%	2.16%	351.98%	-37.14%	143.82%
Accounts Receivable	127.9	167.88	172.14	216.11	92.34	103.38
Other Receivables	2.14	0.86	0.81	25.31	6.66	1.47
Receivables	130.04	168.74	172.96	241.41	99.01	104.85
Inventory	65.48	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	38.93	14.97	21.62	22.2	21.83	10.45
Total Current Assets	2,710	2,353	1,577	1,623	502.9	655.61
Property, Plant & Equipment	1,097	1,006	1,095	922.13	883.99	940.8
Long-Term Investments	50.3	236.88	718.69	927.9	720.7	437.78
Goodwill	24.58	23.72	23.72	23.72	24.4	25.54
Other Intangible Assets	128.72	122.36	127.24	102.84	104.17	103.6
Long-Term Accounts Receivable	-	-	-	-	0.02	-
Long-Term Deferred Tax Assets	0.83	0.77	3	3.76	1.81	2.49
Other Long-Term Assets	44.09	27.84	3.4	32.98	16.86	5.9
Total Assets	4,057	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	Sep '26 Sep 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	73.58	61.63	124.43	148.18	44.53	39.52
Accrued Expenses	45.92	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	12.89	5.92	5.97	7.15	-	1.06
Current Unearned Revenue	443.78	383.49	282.27	195.33	171.5	170.8
Other Current Liabilities	35.03	31.56	58.32	24.79	5.86	31.97
Total Current Liabilities	674.45	500.4	490.63	390.33	236.34	260.11
Long-Term Debt	40.91	40.91	9.6	13.41	17.21	21.01
Long-Term Leases	7.01	3.86	0.19	4.86	6.7	9.84
Long-Term Unearned Revenue	59.18	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	27.63	23.13	26.99	28.87	30.96	26.55
Other Long-Term Liabilities	12.34	0.63	0.46	1.2	1.04	1.43
Total Liabilities	821.51	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	Sep '26 Sep 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	544.98	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	2,987	2,909	2,778	3,060	1,851	1,719
Minority Interest	248.03	211.8	150.72	37.61	-	-
Shareholders' Equity	3,236	3,121	2,929	3,097	1,851	1,719
Total Liabilities & Equity	4,057	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	Sep '26 Sep 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	111.16	49.21	17.4	25.71	30.84	37.63
Net Cash (Debt)	2,364	2,050	1,304	1,268	255.43	417.77
Net Cash Growth	36.33%	57.14%	2.86%	396.49%	-38.86%	164.12%
Net Cash Per Share	7.47	6.47	4.12	4.58	1.08	2.66
Filing Date Shares Outstanding	316.58	316.58	316.58	316.58	237.43	237.43
Total Common Shares Outstanding	316.58	316.58	316.58	316.58	237.43	237.43
Working Capital	2,035	1,852	1,086	1,232	266.56	395.5
Book Value Per Share	9.44	9.19	8.78	9.66	7.79	7.24
Tangible Book Value	2,834	2,763	2,627	2,933	1,722	1,590
Tangible Book Value Per Share	8.95	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