SHA:688496 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	250.89	230.27	93.56	429.12	897.02	172.36
Short-Term Investments	0.62	-	-	-	1.48	-
Trading Asset Securities	25.19	47.17	236.37	75.09	-	-
Cash & Short-Term Investments	276.7	277.44	329.93	504.21	898.5	172.36
Cash Growth	-25.53%	-15.91%	-34.56%	-43.88%	421.30%	-23.03%
Accounts Receivable	201.31	215.21	237.06	170.88	262.43	185.22
Other Receivables	13.63	47.58	58.68	28.72	51.96	57.43
Receivables	214.94	262.78	295.74	199.6	314.4	242.65
Inventory	123.12	195.38	275.66	391	292.53	231.12
Prepaid Expenses	-	-	-	-	4.38	-
Other Current Assets	17.81	34.26	7.97	29.17	47.29	65.83
Total Current Assets	632.56	769.87	909.31	1,124	1,557	711.95
Property, Plant & Equipment	602.8	643.38	683.87	656.46	586.14	567.78
Long-Term Investments	60.88	38.73	38.73	38.73	49.9	44.31
Other Intangible Assets	29.68	30.45	32.04	32.2	30.07	29.73
Long-Term Deferred Tax Assets	18.09	48.08	52.87	50.88	43.22	31.62
Long-Term Deferred Charges	27.64	43.13	53.72	61.21	52.74	46.99
Other Long-Term Assets	50.26	49.89	51.91	58.52	98.68	98.54
Total Assets	1,422	1,624	1,822	2,022	2,418	1,531

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	51.63	117.23	176.13	170	191.74	174.07
Accrued Expenses	17.36	22.33	23.45	21.05	46.47	31.46
Short-Term Debt	150.2	231.9	230.82	314.03	448.6	390.53
Current Portion of Long-Term Debt	23.95	55.38	18.43	41.5	27.61	58.68
Current Portion of Leases	0.14	4.42	8.34	5.94	4.41	3.02
Current Income Taxes Payable	-	-	0.01	0.22	3.73	5.47
Current Unearned Revenue	4.11	7.02	5.64	5.39	6.56	3.51
Other Current Liabilities	65.25	29.26	11.86	2.88	4.91	5.07
Total Current Liabilities	312.64	467.55	474.68	561.01	734.02	671.82
Long-Term Debt	65.9	43.87	99.79	118.2	167.46	137.38
Long-Term Leases	0.01	11.05	18.12	18.69	21.85	25.29
Long-Term Unearned Revenue	45.28	57.29	52.95	53.44	52.18	48.91
Long-Term Deferred Tax Liabilities	14.05	5.06	5.06	5.08	5.11	4.17
Other Long-Term Liabilities	176.28	4.79	5.01	2.68	1.59	1.61
Total Liabilities	614.16	589.61	655.6	759.11	982.2	889.17

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	450	450	450	450	450	360
Additional Paid-In Capital	645.8	645.8	645.8	667.21	667.21	22.26
Retained Earnings	-416.39	-187.32	-88.48	-18.98	128.65	72.92
Treasury Stock	-12.99	-12.99	-4	-	-	-
Comprehensive Income & Other	41.91	28.67	28.67	28.67	28.67	23.63
Total Common Equity	708.33	924.15	1,032	1,127	1,275	478.81
Minority Interest	99.43	109.74	134.86	135.95	161.11	162.95
Shareholders' Equity	807.75	1,034	1,167	1,263	1,436	641.76
Total Liabilities & Equity	1,422	1,624	1,822	2,022	2,418	1,531

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	240.2	346.62	375.49	498.36	669.93	614.91
Net Cash (Debt)	36.5	-69.18	-45.56	5.85	228.57	-442.55
Net Cash Growth	-	-	-	-97.44%	-	-
Net Cash Per Share	0.08	-0.16	-0.10	0.01	0.63	-1.23
Filing Date Shares Outstanding	448.37	448.37	449.5	450	450	360
Total Common Shares Outstanding	448.37	448.37	449.5	450	450	360
Working Capital	319.92	302.31	434.63	562.97	823.08	40.13
Book Value Per Share	1.58	2.06	2.30	2.50	2.83	1.33
Tangible Book Value	678.65	893.7	999.95	1,095	1,244	449.07
Tangible Book Value Per Share	1.51	1.99	2.22	2.43	2.77	1.25
Buildings	269.79	269.79	224.92	215.84	173.07	176.3
Machinery	623.75	623.38	428.03	377.31	322.42	254.87
Construction In Progress	6.5	8.59	243.89	246.98	239.54	259.65