SHA:688386 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	192.07	149.26	27.59	58.6	106.23	172.97
Trading Asset Securities	279.89	-	57.06	-	-	20
Cash & Short-Term Investments	471.96	149.26	84.65	58.6	106.23	192.97
Cash Growth	535.62%	76.33%	44.45%	-44.83%	-44.95%	17.52%
Accounts Receivable	425.65	419.18	285.52	237.24	189.44	167.22
Other Receivables	3.9	0.77	0.45	0.8	0.48	0.73
Receivables	429.55	419.95	285.97	238.06	189.92	167.95
Inventory	217.79	203.49	104.32	85.02	77.42	59.4
Other Current Assets	46.52	36.93	6.76	5.47	5.88	4.11
Total Current Assets	1,166	809.63	481.7	387.16	379.45	424.43
Property, Plant & Equipment	976.14	693.67	341.59	278.18	272.23	274.35
Long-Term Investments	82.55	74.49	124.53	154.54	99.8	-
Goodwill	119.14	119.14	67.28	67.28	67.28	113.01
Other Intangible Assets	206.62	192.92	57.98	61.53	69.22	45.06
Long-Term Accounts Receivable	-	9.45	1.15	0.97	2.46	3.78
Long-Term Deferred Tax Assets	9.27	7.38	1.49	0.95	1.29	2.35
Long-Term Deferred Charges	10.32	12.21	0.1	-	-	-
Other Long-Term Assets	20.23	4.98	12.79	2.39	-	0.03
Total Assets	2,590	1,924	1,089	953	891.73	863.01

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	167.94	119.3	77.01	44.71	32.96	39.54
Accrued Expenses	6.05	29.37	21.48	20.24	19.16	15.48
Short-Term Debt	284.66	269.06	43.04	37.79	49.55	50.05
Current Portion of Long-Term Debt	44.9	23.62	16.02	8.01	8.01	-
Current Portion of Leases	-	5.34	1.88	2.06	2.37	-
Current Income Taxes Payable	12.45	12.79	8.63	4.91	12.95	5.69
Current Unearned Revenue	28.49	22.42	1.87	0.57	0.69	0.62
Other Current Liabilities	36.65	84.11	18.55	22.41	29.3	37.11
Total Current Liabilities	581.14	566.01	188.47	140.69	154.99	148.49
Long-Term Debt	333.85	341.81	108.02	68.07	76.09	84.1
Long-Term Leases	7.74	13.45	-	1.83	3.43	5.34
Long-Term Unearned Revenue	9.73	9.91	8.48	9.06	2.79	2.29
Long-Term Deferred Tax Liabilities	12.81	12.34	9.29	9.38	7.18	6.91
Other Long-Term Liabilities	1.64	2.61	-	-	-	-
Total Liabilities	946.91	946.13	314.26	229.04	244.48	247.14

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	99.61	91	70	70	70	70
Additional Paid-In Capital	986.36	330.41	343.87	366.41	351.41	351.41
Retained Earnings	409.68	413.4	311.83	247.67	196.14	164.79
Total Common Equity	1,496	834.81	725.7	684.08	617.54	586.2
Minority Interest	147.55	142.94	48.65	39.89	29.7	29.67
Shareholders' Equity	1,643	977.75	774.35	723.97	647.24	615.87
Total Liabilities & Equity	2,590	1,924	1,089	953	891.73	863.01

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	671.15	653.28	168.96	117.76	139.45	139.5
Net Cash (Debt)	-199.19	-504.02	-84.31	-59.16	-33.22	53.47
Net Cash Growth	-	-	-	-	-	-67.34%
Net Cash Per Share	-2.20	-5.52	-0.93	-0.65	-0.37	0.59
Filing Date Shares Outstanding	99.08	99.61	91	91	91	91
Total Common Shares Outstanding	99.08	91	91	91	91	91
Working Capital	584.68	243.63	293.23	246.47	224.47	275.93
Book Value Per Share	15.10	9.17	7.97	7.52	6.79	6.44
Tangible Book Value	1,170	522.75	600.44	555.27	481.04	428.13
Tangible Book Value Per Share	11.81	5.74	6.60	6.10	5.29	4.70
Buildings	-	353.2	199.89	194.53	232.71	208.04
Machinery	-	379.26	225.24	194.02	157.24	131.48
Construction In Progress	-	154.86	78.41	21.15	7.72	34.62