SHA:688345 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	413.3	377.23	222.29	354.23	448.59	505.83
Trading Asset Securities	0.22	0.8	-	-	-	-
Cash & Short-Term Investments	413.52	378.03	222.29	354.23	448.59	505.83
Cash Growth	-0.60%	70.06%	-37.25%	-21.04%	-11.32%	293.13%
Accounts Receivable	1,125	659.63	654.26	642.75	538.07	595.44
Other Receivables	51.09	104.19	127.12	158.08	4.42	25.13
Receivables	1,177	763.82	781.38	800.82	542.49	620.57
Inventory	801.2	477.36	478.39	391.15	504.18	549.05
Other Current Assets	97.37	48.86	35.17	17.52	206.92	38.71
Total Current Assets	2,489	1,668	1,517	1,564	1,702	1,714
Property, Plant & Equipment	1,005	955.11	898.18	835.73	736.81	342.78
Long-Term Investments	109.25	62.46	59.16	66.96	30	30
Goodwill	0.33	0.33	0.33	-	-	-
Other Intangible Assets	99.05	101.41	102.77	105.64	65.92	65.06
Long-Term Accounts Receivable	-	16.13	0.02	-	4.17	-
Long-Term Deferred Tax Assets	93.46	85.67	82.97	49.35	14.66	7.74
Long-Term Deferred Charges	8.44	8.75	17.26	17.18	19.11	15.23
Other Long-Term Assets	144.49	4.5	14.34	12.51	18.02	44.67
Total Assets	3,949	2,902	2,692	2,651	2,591	2,220

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	1,930	1,225	1,016	831.2	624.3	633.55
Accrued Expenses	46.46	90.58	50.44	41.76	41.49	47.11
Short-Term Debt	148.35	12.75	221.32	169.88	202.32	159.8
Current Portion of Long-Term Debt	16.89	12.59	130.08	143.46	28.79	-
Current Portion of Leases	-	0.6	6.76	5.67	15.48	9.77
Current Income Taxes Payable	50.02	0.06	0.2	0.21	0.75	0.32
Current Unearned Revenue	84.74	109.38	62.02	44.39	46.49	43.23
Other Current Liabilities	60.03	79.39	64.89	92.55	61.33	130.62
Total Current Liabilities	2,337	1,531	1,552	1,329	1,021	1,024
Long-Term Debt	248.15	194.29	12.7	110.88	250.95	-
Long-Term Leases	6.85	3.73	24.57	31.39	87.48	44.94
Long-Term Unearned Revenue	16.22	18.9	17.78	3.73	1.14	-
Long-Term Deferred Tax Liabilities	12.18	4.41	7.89	9.45	0.04	-
Other Long-Term Liabilities	11.33	23.61	23.76	9.01	10.83	6.5
Total Liabilities	2,632	1,776	1,638	1,494	1,371	1,076

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	101.87	101.15	100	100	100	100
Additional Paid-In Capital	781.62	757.77	737.65	737.65	737.65	737.65
Retained Earnings	383.74	277.72	221.84	318.45	392.23	302.04
Treasury Stock	-4.94	-17.6	-6	-	-	-
Comprehensive Income & Other	51.41	2.57	-4.99	1.4	-14.53	0.94
Total Common Equity	1,314	1,122	1,048	1,157	1,215	1,141
Minority Interest	3.65	5.2	5.46	-	4.15	3.19
Shareholders' Equity	1,317	1,127	1,054	1,157	1,219	1,144
Total Liabilities & Equity	3,949	2,902	2,692	2,651	2,591	2,220

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	420.25	223.96	395.43	461.28	585.02	214.51
Net Cash (Debt)	-6.73	154.06	-173.13	-107.05	-136.43	291.32
Net Cash Growth	-	-	-	-	-	281.65%
Net Cash Per Share	-0.07	1.54	-1.74	-1.08	-1.36	3.33
Filing Date Shares Outstanding	101.73	100.84	93.05	100	100	100
Total Common Shares Outstanding	101.73	100.84	93.05	100	100	100
Working Capital	151.72	137.39	-34.38	234.59	681.23	689.76
Book Value Per Share	12.91	11.12	11.27	11.57	12.15	11.41
Tangible Book Value	1,214	1,020	945.39	1,052	1,149	1,076
Tangible Book Value Per Share	11.94	10.11	10.16	10.52	11.49	10.76
Buildings	-	606.39	489.5	473.18	-	-
Machinery	-	398.64	346.5	304.49	267.22	129.1
Construction In Progress	-	67.93	101.35	36.37	390.75	165.02