SHA:688501 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	308.33	369.82	326.68	350.48	256.16	231.27
Trading Asset Securities	-	-	30	10	84	75.95
Cash & Short-Term Investments	308.33	369.82	356.68	360.48	340.16	307.22
Cash Growth	-6.70%	3.68%	-1.06%	5.97%	10.72%	97.68%
Accounts Receivable	1,142	944.29	967.41	834.86	647.39	614.51
Other Receivables	57.99	27.58	25.07	17.08	16.93	12.59
Receivables	1,200	971.87	992.48	851.94	664.32	627.1
Inventory	727.8	731.28	982.62	399.04	391.3	260.16
Prepaid Expenses	1.21	2.3	0.19	-	0.27	-
Other Current Assets	63.73	58.11	91.21	19.06	11.96	8.12
Total Current Assets	2,301	2,133	2,423	1,631	1,408	1,203
Property, Plant & Equipment	366.87	363.77	327.57	142.26	129.75	100.57
Goodwill	0.32	0.32	0.32	2.31	1.98	-
Other Intangible Assets	133.66	135.92	133.7	31.24	32.2	32.77
Long-Term Accounts Receivable	160.72	144.78	100.67	56.71	76.63	58.79
Long-Term Deferred Tax Assets	32.08	29.89	25.58	21.97	18.75	15.23
Long-Term Deferred Charges	32.07	27.99	32.53	14.05	14.9	1.8
Other Long-Term Assets	16.25	16.55	32.29	27.42	5.16	1.92
Total Assets	3,043	2,853	3,076	1,926	1,687	1,414

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	676.1	642.85	626.8	353.84	339.01	160.22
Accrued Expenses	145.36	135.93	237.29	122.15	105.75	103.92
Short-Term Debt	581.49	434.75	532.03	410.06	337.46	312.43
Current Portion of Long-Term Debt	33.23	95.1	0.1	9.23	19.52	-
Current Portion of Leases	5.2	7.12	9.11	2.05	2.21	1.7
Current Income Taxes Payable	7.17	11.23	16.75	10.5	9.64	7.17
Current Unearned Revenue	142.24	163.9	185.13	64.55	28.93	36.62
Other Current Liabilities	86.16	49.57	74.22	24.53	6.55	6.11
Total Current Liabilities	1,677	1,540	1,681	996.91	849.07	628.18
Long-Term Debt	161.25	127.08	0.84	-	-	-
Long-Term Leases	1.16	1.5	383.85	1.62	1.16	3.55
Long-Term Unearned Revenue	7.19	8.11	5.64	7.66	3.9	4.59
Long-Term Deferred Tax Liabilities	0.04	0.05	0.06	0.06	0.17	0.14
Other Long-Term Liabilities	11.27	11.64	8.86	9.79	7.52	7.21
Total Liabilities	1,858	1,689	2,081	1,016	861.82	643.66

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	124.23	124.23	123.07	123.07	94.67	94.67
Additional Paid-In Capital	340.83	340.36	324.97	313.44	340.52	340.52
Retained Earnings	670.17	652.71	507.31	441.41	364.2	322.72
Comprehensive Income & Other	5.43	4.15	2.43	1.05	0.42	0.2
Total Common Equity	1,141	1,121	957.79	878.97	799.81	758.12
Minority Interest	44.46	42.35	37.39	31.48	25.76	11.89
Shareholders' Equity	1,185	1,164	995.18	910.45	825.57	770.01
Total Liabilities & Equity	3,043	2,853	3,076	1,926	1,687	1,414

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	782.33	665.54	925.94	422.96	360.35	317.68
Net Cash (Debt)	-474	-295.72	-569.26	-62.48	-20.19	-10.45
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.73	-1.71	-3.32	-0.36	-0.12	-0.07
Filing Date Shares Outstanding	173.92	173.92	172.3	172.3	172.3	172.3
Total Common Shares Outstanding	173.92	173.92	172.3	172.3	172.3	172.3
Working Capital	624.07	592.93	741.75	633.62	558.95	574.43
Book Value Per Share	6.56	6.45	5.56	5.10	4.64	4.40
Tangible Book Value	1,007	985.21	823.77	845.42	765.63	725.35
Tangible Book Value Per Share	5.79	5.66	4.78	4.91	4.44	4.21
Buildings	261.78	238.28	236.67	131.36	125.06	87.59
Machinery	149.27	141.98	127.65	85.8	66.45	44.76
Construction In Progress	80.77	92.16	43.23	0.65	0.13	17.41