SHA:688388 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	2,118	2,306	1,981	2,542	2,134	1,259
Short-Term Investments	-	101.56	102.05	400.24	150.3	491.66
Trading Asset Securities	446.09	34.88	41.71	36.28	433.51	467.14
Cash & Short-Term Investments	2,564	2,442	2,124	2,979	2,718	2,218
Cash Growth	3.52%	14.95%	-28.68%	9.60%	22.55%	68.65%
Accounts Receivable	3,675	2,822	1,881	1,231	1,149	707.15
Other Receivables	16.21	483.6	415.08	434.52	211.71	0.66
Receivables	3,691	3,306	2,296	1,665	1,360	707.81
Inventory	2,117	1,383	1,371	954.15	936.6	323.17
Other Current Assets	517.04	34.47	195.78	37.91	8.99	65.24
Total Current Assets	8,889	7,166	5,987	5,636	5,024	3,314
Property, Plant & Equipment	6,572	6,114	6,009	5,955	4,836	2,085
Long-Term Investments	886.25	787.96	285.94	444.25	248.82	181.73
Goodwill	17.81	17.81	17.81	22.69	21.2	21.2
Other Intangible Assets	378.88	385.18	395.19	403.18	277.04	106.48
Long-Term Deferred Tax Assets	57.85	108.26	93.26	48.91	8.04	2.31
Long-Term Deferred Charges	30.02	39.76	52.91	44.65	54.34	35.37
Other Long-Term Assets	20.83	111.23	204.03	246.55	326.36	314.66
Total Assets	16,852	14,730	13,045	12,801	10,796	6,060

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	1,464	548.9	548.85	1,316	336.16	284.01
Accrued Expenses	26.37	128.18	56.68	59.63	66.62	34.89
Short-Term Debt	1,665	1,341	1,011	351.58	716.66	1,059
Current Portion of Long-Term Debt	1,196	1,052	449	99.65	21.29	-
Current Portion of Leases	-	2.37	2.66	1.21	0.39	0.25
Current Income Taxes Payable	84.5	30.54	3.9	46.99	43.52	10.7
Current Unearned Revenue	24.33	3.2	3.88	17.07	4.22	1.51
Other Current Liabilities	147.27	596.93	622.63	927.5	732.98	165.75
Total Current Liabilities	4,608	3,703	2,698	2,819	1,922	1,556
Long-Term Debt	3,220	3,704	3,084	2,493	1,360	834.16
Long-Term Leases	0.58	2.09	4.6	1.8	0.23	-
Long-Term Unearned Revenue	232.5	230.92	201.81	173.89	99.59	50.43
Long-Term Deferred Tax Liabilities	8.59	8.69	9.29	9.04	9.77	11.01
Total Liabilities	8,069	7,648	5,998	5,497	3,392	2,452

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	659.91	426.25	426.24	426.24	304.46	234.19
Additional Paid-In Capital	6,245	5,125	5,109	5,070	5,153	1,882
Retained Earnings	1,826	1,284	1,227	1,472	1,620	1,265
Treasury Stock	-20.71	-43.96	-59.98	-8	-	-
Comprehensive Income & Other	-72.35	148.8	200.1	204.53	208.53	208.73
Total Common Equity	8,638	6,940	6,902	7,165	7,286	3,591
Minority Interest	145.41	142.15	144.6	138.72	117.74	18.1
Shareholders' Equity	8,783	7,082	7,047	7,304	7,404	3,609
Total Liabilities & Equity	16,852	14,730	13,045	12,801	10,796	6,060

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	6,081	6,101	4,551	2,948	2,099	1,893
Net Cash (Debt)	-3,517	-3,659	-2,427	31.17	619.02	324.41
Net Cash Growth	-	-	-	-94.97%	90.82%	-73.01%
Net Cash Per Share	-5.24	-5.75	-3.92	0.05	1.24	0.69
Filing Date Shares Outstanding	642.84	656.81	612.7	613.82	618.05	475.41
Total Common Shares Outstanding	642.84	656.81	612.7	617.51	618.05	475.41
Working Capital	4,281	3,463	3,288	2,817	3,102	1,758
Book Value Per Share	13.44	10.57	11.26	11.60	11.79	7.55
Tangible Book Value	8,241	6,537	6,489	6,739	6,988	3,463
Tangible Book Value Per Share	12.82	9.95	10.59	10.91	11.31	7.28
Buildings	-	3,198	3,198	3,090	1,257	679.49
Machinery	-	3,373	3,087	2,882	1,980	1,120
Construction In Progress	-	690.92	590.12	610.77	2,090	684.69