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	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	257.56	369.82	326.68	350.48	256.16	231.27
Trading Asset Securities	-	-	30	10	84	75.95
Cash & Short-Term Investments	257.56	369.82	356.68	360.48	340.16	307.22
Cash Growth	-5.86%	3.68%	-1.06%	5.97%	10.72%	97.68%
Accounts Receivable	1,276	944.29	967.41	834.86	647.39	614.51
Other Receivables	42.86	27.58	25.07	17.08	16.93	12.59
Receivables	1,318	971.87	992.48	851.94	664.32	627.1
Inventory	796.22	731.28	982.62	399.04	391.3	260.16
Prepaid Expenses	-	2.3	0.19	-	0.27	-
Other Current Assets	49.64	58.11	91.21	19.06	11.96	8.12
Total Current Assets	2,422	2,133	2,423	1,631	1,408	1,203
Property, Plant & Equipment	365.47	363.77	327.57	142.26	129.75	100.57
Goodwill	0.32	0.32	0.32	2.31	1.98	-
Other Intangible Assets	132.47	135.92	133.7	31.24	32.2	32.77
Long-Term Accounts Receivable	-	144.78	100.67	56.71	76.63	58.79
Long-Term Deferred Tax Assets	33.17	29.89	25.58	21.97	18.75	15.23
Long-Term Deferred Charges	29.81	27.99	32.53	14.05	14.9	1.8
Other Long-Term Assets	184.69	16.55	32.29	27.42	5.16	1.92
Total Assets	3,168	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	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	883.3	642.85	626.8	353.84	339.01	160.22
Accrued Expenses	47.97	135.93	237.29	122.15	105.75	103.92
Short-Term Debt	631.68	434.75	532.03	385.41	275.79	279.96
Current Portion of Long-Term Debt	-	95.1	0.1	9.23	19.52	-
Current Portion of Leases	-	7.12	9.11	2.05	2.21	1.7
Current Income Taxes Payable	-	11.23	16.75	10.5	9.64	7.17
Current Unearned Revenue	120.78	163.9	185.13	64.55	28.93	36.62
Other Current Liabilities	76.94	49.57	74.22	49.18	68.22	38.58
Total Current Liabilities	1,761	1,540	1,681	996.91	849.07	628.18
Long-Term Debt	164.2	127.08	0.84	-	-	-
Long-Term Leases	1.38	1.5	383.85	1.62	1.16	3.55
Long-Term Unearned Revenue	6.72	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	14.09	11.64	8.86	9.79	7.52	7.21
Total Liabilities	1,947	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	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	173.92	124.23	123.07	123.07	94.67	94.67
Additional Paid-In Capital	291.37	340.36	324.97	313.44	340.52	340.52
Retained Earnings	706.86	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	1,178	1,121	957.79	878.97	799.81	758.12
Minority Interest	43.08	42.35	37.39	31.48	25.76	11.89
Shareholders' Equity	1,221	1,164	995.18	910.45	825.57	770.01
Total Liabilities & Equity	3,168	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	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	797.25	665.54	925.94	398.31	298.68	285.21
Net Cash (Debt)	-539.69	-295.72	-569.26	-37.83	41.48	22.01
Net Cash Growth	-	-	-	-	88.43%	-
Net Cash Per Share	-3.10	-1.71	-3.32	-0.22	0.24	0.15
Filing Date Shares Outstanding	174.82	173.92	172.3	172.3	172.3	172.3
Total Common Shares Outstanding	174.82	173.92	172.3	172.3	172.3	172.3
Working Capital	661.15	592.93	741.75	633.62	558.95	574.43
Book Value Per Share	6.74	6.45	5.56	5.10	4.64	4.40
Tangible Book Value	1,045	985.21	823.77	845.42	765.63	725.35
Tangible Book Value Per Share	5.98	5.66	4.78	4.91	4.44	4.21
Buildings	-	238.28	236.67	131.36	125.06	87.59
Machinery	-	141.98	127.65	85.8	66.45	44.76
Construction In Progress	-	92.16	43.23	0.65	0.13	17.41