SHA:688411 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	3,588	4,935	3,035	3,319	2,568	869.92
Trading Asset Securities	85.05	85.13	-	-	-	2
Cash & Short-Term Investments	3,673	5,020	3,035	3,319	2,568	871.92
Cash Growth	24.13%	65.44%	-8.58%	29.25%	194.53%	750.20%
Accounts Receivable	6,895	5,607	4,907	2,276	769.25	345.25
Other Receivables	307.37	3.23	4.36	4.04	25.53	20.53
Receivables	7,203	5,610	4,912	2,280	794.77	365.78
Inventory	6,001	2,175	1,421	2,442	2,310	843.82
Prepaid Expenses	-	63.7	7.85	-	-	-
Other Current Assets	1,189	899.69	297.69	219.64	233.41	167.83
Total Current Assets	18,066	13,769	9,673	8,261	5,907	2,249
Property, Plant & Equipment	913.18	629.1	488.09	275.31	126.38	220.59
Long-Term Investments	477.05	506.36	431.52	375.99	370.41	196.68
Other Intangible Assets	475.97	71.67	70.85	36.43	8.29	10.76
Long-Term Accounts Receivable	-	-	0.54	1.59	2.48	3.25
Long-Term Deferred Tax Assets	437.48	325.57	203.35	190.62	51.47	64.38
Long-Term Deferred Charges	52.18	54.62	50.41	26.26	15.78	14.48
Other Long-Term Assets	397.8	343.85	53.64	65.75	70.6	69.3
Total Assets	20,819	15,700	10,972	9,233	6,552	2,829

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	11,413	9,014	5,594	4,838	3,234	742.44
Accrued Expenses	75.31	170.08	101.88	110.6	35.01	21.67
Short-Term Debt	1,914	730.35	982.78	534.12	233.69	233.87
Current Portion of Long-Term Debt	34.28	-	-	-	-	0.68
Current Portion of Leases	-	34.82	33.76	22.18	13.36	11.45
Current Income Taxes Payable	186.09	65.92	46.04	105.53	21.79	1.11
Current Unearned Revenue	623.28	149.51	544.8	786.71	1,152	123.3
Other Current Liabilities	1,089	449.47	283.77	262.15	117.27	84.41
Total Current Liabilities	15,335	10,614	7,587	6,660	4,807	1,219
Long-Term Leases	70.29	77.54	104.19	60.64	28.21	37.82
Long-Term Unearned Revenue	23.23	24.24	8.15	14.12	6.25	52.37
Long-Term Deferred Tax Liabilities	0.06	0	-	-	-	-
Other Long-Term Liabilities	203.42	174.08	124.64	108.89	44.97	35.9
Total Liabilities	15,632	10,890	7,824	6,843	4,886	1,345

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	182.45	180.09	133.3	133.3	133.3	133.3
Additional Paid-In Capital	2,622	2,593	1,737	1,628	1,487	1,460
Retained Earnings	2,366	2,024	1,271	623.19	45.08	-132.19
Comprehensive Income & Other	3.68	0.02	-	-	-	-
Total Common Equity	5,174	4,797	3,141	2,385	1,666	1,461
Minority Interest	13.21	12.6	5.84	4.74	-	23.14
Shareholders' Equity	5,187	4,810	3,147	2,390	1,666	1,484
Total Liabilities & Equity	20,819	15,700	10,972	9,233	6,552	2,829

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	2,019	842.7	1,121	616.94	275.26	283.82
Net Cash (Debt)	1,654	4,178	1,914	2,702	2,293	588.1
Net Cash Growth	12.11%	118.29%	-29.18%	17.86%	289.86%	-
Net Cash Per Share	9.05	23.41	14.03	20.01	17.20	4.70
Filing Date Shares Outstanding	181.01	180.09	177.73	133.3	133.3	125.12
Total Common Shares Outstanding	181.01	180.09	133.3	133.3	133.3	125.12
Working Capital	2,730	3,155	2,086	1,601	1,100	1,030
Book Value Per Share	28.58	26.64	23.57	17.89	12.50	11.67
Tangible Book Value	4,698	4,726	3,070	2,348	1,657	1,450
Tangible Book Value Per Share	25.95	26.24	23.03	17.62	12.43	11.59
Buildings	-	84.41	84.41	84.41	-	-
Machinery	-	389.88	330.23	254.97	401.98	437.88
Construction In Progress	-	177.93	50.88	38.81	-	0.64