SHA:688507 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	Mar '26 Mar 31, 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	1,470	1,529	1,901	2,227	169.46	159.43
Trading Asset Securities	-	-	-	-	-	30.02
Cash & Short-Term Investments	1,470	1,529	1,901	2,227	169.46	189.46
Cash Growth	-17.84%	-19.56%	-14.65%	1214.15%	-10.55%	14.46%
Accounts Receivable	807.77	844.53	636.95	518.92	342.72	230.98
Other Receivables	13.22	39.22	22.75	20.07	14.44	9.75
Receivables	820.99	883.75	659.7	538.99	357.16	240.73
Inventory	62.94	48.78	17.22	10.53	3.99	3.33
Prepaid Expenses	-	9.34	4.97	1.79	4.48	1.03
Other Current Assets	49.27	7.93	9.2	0.46	7.81	4.77
Total Current Assets	2,403	2,479	2,592	2,779	542.9	439.31
Property, Plant & Equipment	332.37	318.49	203.58	127.18	109.49	97.95
Long-Term Investments	105.85	105.38	80.57	49.77	-	-
Goodwill	355.84	355.84	63.12	40.72	-	-
Other Intangible Assets	127.71	115.87	57.16	61.62	45.48	55.29
Long-Term Accounts Receivable	-	9	3.26	8.12	14.81	11.17
Long-Term Deferred Tax Assets	48.22	42.12	30.91	16.4	8.21	6.23
Long-Term Deferred Charges	4.23	3.44	0.64	1.17	0.09	0.23
Other Long-Term Assets	33.81	42.04	39.47	3.63	4	-
Total Assets	3,411	3,471	3,070	3,087	724.98	610.19

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	120.22	126.96	74.28	96.91	79.66	25.45
Accrued Expenses	21.6	64.9	37.39	30.13	27.48	19.62
Short-Term Debt	78.12	83.97	20.78	-	37.29	20.2
Current Portion of Long-Term Debt	-	-	-	-	8.2	14.07
Current Portion of Leases	11.07	5.33	6.32	8.4	1.84	1.28
Current Income Taxes Payable	20.02	3.41	7.83	3.96	5.97	4
Current Unearned Revenue	29.39	24.86	11.4	10.93	0.09	2.88
Other Current Liabilities	175.15	127.65	6.55	6.89	0.68	0.9
Total Current Liabilities	455.56	437.07	164.54	157.21	161.21	88.4
Long-Term Debt	50.44	-	-	-	33.59	24.72
Long-Term Leases	4.64	4.07	0.96	5.96	2.02	0.09
Long-Term Unearned Revenue	3.08	3.21	-	2.11	1.57	23.51
Long-Term Deferred Tax Liabilities	10.76	11.43	2.51	1.98	-	-
Other Long-Term Liabilities	20.64	22.46	-	-	-	-
Total Liabilities	545.11	478.25	168.01	167.25	198.39	136.71

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	89.11	89.11	89.11	61.17	31	31
Additional Paid-In Capital	2,590	2,587	2,581	2,610	323.61	323.61
Retained Earnings	140.6	232.96	237.99	225.28	174	120.23
Treasury Stock	-50.5	-50.5	-50.5	-	-	-
Comprehensive Income & Other	-2.84	-2.92	-3.14	-2.74	-2.02	-1.37
Total Common Equity	2,766	2,856	2,854	2,894	526.59	473.47
Minority Interest	99.39	137.19	48.42	26.22	-	-
Shareholders' Equity	2,866	2,993	2,902	2,920	526.59	473.47
Total Liabilities & Equity	3,411	3,471	3,070	3,087	724.98	610.19

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	144.26	93.37	28.05	14.35	82.94	60.35
Net Cash (Debt)	1,325	1,436	1,873	2,213	86.52	129.1
Net Cash Growth	-24.04%	-23.34%	-15.37%	2457.33%	-32.98%	14.99%
Net Cash Per Share	15.04	16.41	21.23	26.95	1.29	1.99
Filing Date Shares Outstanding	88.42	88.42	88.42	89.31	89.31	66.98
Total Common Shares Outstanding	88.42	88.42	88.42	89.31	66.98	66.98
Working Capital	1,947	2,042	2,427	2,622	381.69	350.91
Book Value Per Share	31.29	32.30	32.28	32.40	7.86	7.07
Tangible Book Value	2,283	2,384	2,734	2,792	481.11	418.18
Tangible Book Value Per Share	25.82	26.96	30.92	31.26	7.18	6.24
Buildings	-	198.07	149.56	98.33	98.33	98.33
Machinery	-	34.67	17.06	9.58	6.96	6.01
Construction In Progress	-	118.92	52.58	19.94	11.62	-