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	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	144.01	149.26	27.59	58.6	106.23	172.97
Trading Asset Securities	294.69	-	57.06	-	-	20
Cash & Short-Term Investments	438.7	149.26	84.65	58.6	106.23	192.97
Cash Growth	345.74%	76.33%	44.45%	-44.83%	-44.95%	17.52%
Accounts Receivable	420.72	419.18	285.52	237.24	189.44	167.22
Other Receivables	3.22	0.77	0.45	0.8	0.48	0.73
Receivables	423.94	419.95	285.97	238.06	189.92	167.95
Inventory	204.69	203.49	104.32	85.02	77.42	59.4
Other Current Assets	53.84	36.93	6.76	5.47	5.88	4.11
Total Current Assets	1,121	809.63	481.7	387.16	379.45	424.43
Property, Plant & Equipment	1,042	693.67	341.59	278.18	272.23	274.35
Long-Term Investments	79.61	74.49	124.53	154.54	99.8	-
Goodwill	119.14	119.14	67.28	67.28	67.28	113.01
Other Intangible Assets	205.23	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	6.65	7.38	1.49	0.95	1.29	2.35
Long-Term Deferred Charges	12.11	12.21	0.1	-	-	-
Other Long-Term Assets	6.13	4.98	12.79	2.39	-	0.03
Total Assets	2,592	1,924	1,089	953	891.73	863.01

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	154.51	119.3	77.01	44.71	32.96	39.54
Accrued Expenses	5.86	29.37	21.48	20.24	19.16	15.48
Short-Term Debt	294.5	269.06	43.04	37.79	49.55	50.05
Current Portion of Long-Term Debt	24.03	23.62	16.02	8.01	8.01	-
Current Portion of Leases	-	5.34	1.88	2.06	2.37	-
Current Income Taxes Payable	9.77	12.79	8.63	4.91	12.95	5.69
Current Unearned Revenue	36.06	22.42	1.87	0.57	0.69	0.62
Other Current Liabilities	22.66	84.11	18.55	22.41	29.3	37.11
Total Current Liabilities	547.39	566.01	188.47	140.69	154.99	148.49
Long-Term Debt	341.47	341.81	108.02	68.07	76.09	84.1
Long-Term Leases	25.36	13.45	-	1.83	3.43	5.34
Long-Term Unearned Revenue	9.58	9.91	8.48	9.06	2.79	2.29
Long-Term Deferred Tax Liabilities	13.12	12.34	9.29	9.38	7.18	6.91
Other Long-Term Liabilities	1.64	2.61	-	-	-	-
Total Liabilities	938.57	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	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	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	420.42	413.4	311.83	247.67	196.14	164.79
Total Common Equity	1,506	834.81	725.7	684.08	617.54	586.2
Minority Interest	147.26	142.94	48.65	39.89	29.7	29.67
Shareholders' Equity	1,654	977.75	774.35	723.97	647.24	615.87
Total Liabilities & Equity	2,592	1,924	1,089	953	891.73	863.01

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	685.36	653.28	168.96	117.76	139.45	139.5
Net Cash (Debt)	-246.66	-504.02	-84.31	-59.16	-33.22	53.47
Net Cash Growth	-	-	-	-	-	-67.34%
Net Cash Per Share	-2.68	-5.52	-0.93	-0.65	-0.37	0.59
Filing Date Shares Outstanding	97.53	99.61	91	91	91	91
Total Common Shares Outstanding	97.53	91	91	91	91	91
Working Capital	573.78	243.63	293.23	246.47	224.47	275.93
Book Value Per Share	15.45	9.17	7.97	7.52	6.79	6.44
Tangible Book Value	1,182	522.75	600.44	555.27	481.04	428.13
Tangible Book Value Per Share	12.12	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