SHA:688480 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	207.36	329.15	403.05	539.1	595.26	186.75
Short-Term Investments	-	-	-	-	-	6.18
Trading Asset Securities	35.89	-	-	48	10	-
Cash & Short-Term Investments	243.25	329.15	403.05	587.1	605.26	192.93
Cash Growth	-16.63%	-18.34%	-31.35%	-3.00%	213.72%	46.10%
Accounts Receivable	734.23	790.9	631.55	485.99	296.06	223.09
Other Receivables	23.58	19.13	15.78	15.01	16.74	7.1
Receivables	757.81	810.04	647.33	501	312.8	230.2
Inventory	198.58	157.55	80.61	32.07	105.57	42.04
Other Current Assets	131.57	58.23	61.11	15.49	14.07	28.94
Total Current Assets	1,331	1,355	1,192	1,136	1,038	494.11
Property, Plant & Equipment	281.46	272.38	247.65	106.29	86.36	89.77
Long-Term Investments	-	5.12	2.51	60.07	53.9	49.98
Goodwill	178.58	178.58	178.58	-	-	-
Other Intangible Assets	262.9	254.93	185.07	167.31	179.84	185.53
Long-Term Accounts Receivable	2.06	1.23	1.32	8.7	5.48	10.3
Long-Term Deferred Tax Assets	43.47	21.95	13.88	11.67	7.97	5.41
Long-Term Deferred Charges	4.74	4.79	5.04	-	-	-
Other Long-Term Assets	-	-	-	3.32	-	-
Total Assets	2,104	2,094	1,826	1,493	1,371	835.09

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	469.04	563.85	363.4	321.11	211.19	160.08
Accrued Expenses	24.1	52.87	57.13	43.82	33.38	19.31
Short-Term Debt	65.56	106.64	107.57	-	-	-
Current Portion of Long-Term Debt	1.03	1.03	-	-	7.04	6.05
Current Portion of Leases	0.39	0.62	-	-	-	-
Current Income Taxes Payable	10.4	9.04	8.44	2.6	3.31	1.43
Current Unearned Revenue	109.42	39.81	45.72	44.45	70.77	62.82
Other Current Liabilities	62.22	35.32	29.08	24.23	23.39	15.71
Total Current Liabilities	742.17	809.18	611.35	436.21	349.07	265.39
Long-Term Debt	7.81	8.33	14	-	14	21
Long-Term Leases	0.52	0.67	-	-	-	-
Long-Term Unearned Revenue	57.85	59.53	65.18	69.04	74	77.15
Long-Term Deferred Tax Liabilities	2.87	3.15	3.7	-	-	-
Other Long-Term Liabilities	22.93	22.6	17.96	17.36	16.66	15.84
Total Liabilities	834.14	903.46	712.18	522.61	453.73	379.39

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	95.33	95.33	95.33	94.83	94.83	71.12
Additional Paid-In Capital	653.27	599.25	578.38	568.49	558.61	183.07
Retained Earnings	480.6	446.85	400.76	267.67	225.7	159.47
Comprehensive Income & Other	-0.86	4.74	-0.07	0.81	0.41	0.5
Total Common Equity	1,228	1,146	1,074	931.79	879.54	414.16
Minority Interest	41.94	44.33	39.58	38.61	37.99	41.54
Shareholders' Equity	1,270	1,190	1,114	970.41	917.53	455.7
Total Liabilities & Equity	2,104	2,094	1,826	1,493	1,371	835.09

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	75.32	117.29	121.57	-	21.04	27.05
Net Cash (Debt)	167.93	211.86	281.48	587.1	584.22	165.88
Net Cash Growth	-7.73%	-24.73%	-52.06%	0.49%	252.19%	176.69%
Net Cash Per Share	1.76	2.22	2.96	6.17	8.03	2.34
Filing Date Shares Outstanding	95.33	95.33	95.33	94.83	94.83	71.12
Total Common Shares Outstanding	95.33	95.33	95.33	94.83	94.83	71.12
Working Capital	589.04	545.79	580.75	699.45	688.63	228.72
Book Value Per Share	12.89	12.02	11.27	9.83	9.28	5.82
Tangible Book Value	786.86	712.65	710.74	764.48	699.7	228.63
Tangible Book Value Per Share	8.25	7.48	7.46	8.06	7.38	3.21
Buildings	236.57	237.06	228.79	84.77	85.48	85.48
Machinery	144.77	142.46	114.19	46.19	44.36	42.73
Construction In Progress	24.52	6.16	0.61	25.29	1.47	0.09