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	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	526.13	377.23	222.29	354.23	448.59	505.83
Trading Asset Securities	0.09	0.8	-	-	-	-
Cash & Short-Term Investments	526.22	378.03	222.29	354.23	448.59	505.83
Cash Growth	-12.61%	70.06%	-37.25%	-21.04%	-11.32%	293.13%
Accounts Receivable	851.69	659.63	654.26	642.75	538.07	595.44
Other Receivables	55.25	104.19	127.12	158.08	4.42	25.13
Receivables	906.94	763.82	781.38	800.82	542.49	620.57
Inventory	638.87	477.36	478.39	391.15	504.18	549.05
Other Current Assets	91.7	48.86	35.17	17.52	206.92	38.71
Total Current Assets	2,164	1,668	1,517	1,564	1,702	1,714
Property, Plant & Equipment	949.13	955.11	898.18	835.73	736.81	342.78
Long-Term Investments	125.42	62.46	59.16	66.96	30	30
Goodwill	0.33	0.33	0.33	-	-	-
Other Intangible Assets	99.82	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	92	85.67	82.97	49.35	14.66	7.74
Long-Term Deferred Charges	8.17	8.75	17.26	17.18	19.11	15.23
Other Long-Term Assets	109.81	4.5	14.34	12.51	18.02	44.67
Total Assets	3,548	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	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	1,626	1,225	1,016	831.2	624.3	633.55
Accrued Expenses	39.58	90.58	50.44	41.76	41.49	47.11
Short-Term Debt	143.52	12.75	221.32	169.88	202.32	159.8
Current Portion of Long-Term Debt	16.1	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	31.46	0.06	0.2	0.21	0.75	0.32
Current Unearned Revenue	72.2	109.38	62.02	44.39	46.49	43.23
Other Current Liabilities	87.93	79.39	64.89	92.55	61.33	130.62
Total Current Liabilities	2,017	1,531	1,552	1,329	1,021	1,024
Long-Term Debt	210.94	194.29	12.7	110.88	250.95	-
Long-Term Leases	7.46	3.73	24.57	31.39	87.48	44.94
Long-Term Unearned Revenue	17.11	18.9	17.78	3.73	1.14	-
Long-Term Deferred Tax Liabilities	14.2	4.41	7.89	9.45	0.04	-
Other Long-Term Liabilities	10.23	23.61	23.76	9.01	10.83	6.5
Total Liabilities	2,277	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	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	102.05	101.15	100	100	100	100
Additional Paid-In Capital	780.08	757.77	737.65	737.65	737.65	737.65
Retained Earnings	330.07	277.72	221.84	318.45	392.23	302.04
Treasury Stock	-6.73	-17.6	-6	-	-	-
Comprehensive Income & Other	62.19	2.57	-4.99	1.4	-14.53	0.94
Total Common Equity	1,268	1,122	1,048	1,157	1,215	1,141
Minority Interest	3.67	5.2	5.46	-	4.15	3.19
Shareholders' Equity	1,271	1,127	1,054	1,157	1,219	1,144
Total Liabilities & Equity	3,548	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	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	378.03	223.96	395.43	461.28	585.02	214.51
Net Cash (Debt)	148.19	154.06	-173.13	-107.05	-136.43	291.32
Net Cash Growth	-	-	-	-	-	281.65%
Net Cash Per Share	1.48	1.54	-1.74	-1.08	-1.36	3.33
Filing Date Shares Outstanding	101.49	100.84	93.05	100	100	100
Total Common Shares Outstanding	101.49	100.84	93.05	100	100	100
Working Capital	146.63	137.39	-34.38	234.59	681.23	689.76
Book Value Per Share	12.49	11.12	11.27	11.57	12.15	11.41
Tangible Book Value	1,168	1,020	945.39	1,052	1,149	1,076
Tangible Book Value Per Share	11.50	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