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	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	1,372	1,529	1,901	2,227	169.46	159.43
Trading Asset Securities	-	-	-	-	-	30.02
Cash & Short-Term Investments	1,372	1,529	1,901	2,227	169.46	189.46
Cash Growth	-18.71%	-19.56%	-14.65%	1214.15%	-10.55%	14.46%
Accounts Receivable	753.89	844.53	636.95	518.92	342.72	230.98
Other Receivables	43.47	39.22	22.75	20.07	14.44	9.75
Receivables	797.36	883.75	659.7	538.99	357.16	240.73
Inventory	64.59	48.78	17.22	10.53	3.99	3.33
Prepaid Expenses	5.54	9.34	4.97	1.79	4.48	1.03
Other Current Assets	14.19	7.93	9.2	0.46	7.81	4.77
Total Current Assets	2,254	2,479	2,592	2,779	542.9	439.31
Property, Plant & Equipment	362.5	318.49	203.58	127.18	109.49	97.95
Long-Term Investments	120.76	105.38	80.57	49.77	-	-
Goodwill	355.84	355.84	63.12	40.72	-	-
Other Intangible Assets	136.35	115.87	57.16	61.62	45.48	55.29
Long-Term Accounts Receivable	7.97	9	3.26	8.12	14.81	11.17
Long-Term Deferred Tax Assets	56.65	42.12	30.91	16.4	8.21	6.23
Long-Term Deferred Charges	3.38	3.44	0.64	1.17	0.09	0.23
Other Long-Term Assets	30.05	42.04	39.47	3.63	4	-
Total Assets	3,327	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	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	129.47	126.96	74.28	96.91	79.66	25.45
Accrued Expenses	43.91	64.9	37.39	30.13	27.48	19.62
Short-Term Debt	83.93	83.97	20.78	-	37.29	20.2
Current Portion of Long-Term Debt	6.69	-	-	-	8.2	14.07
Current Portion of Leases	4.06	5.33	6.32	8.4	1.84	1.28
Current Income Taxes Payable	0	3.41	7.83	3.96	5.97	4
Current Unearned Revenue	38.77	24.86	11.4	10.93	0.09	2.88
Other Current Liabilities	137.46	127.65	6.55	6.89	0.68	0.9
Total Current Liabilities	444.29	437.07	164.54	157.21	161.21	88.4
Long-Term Debt	59.75	-	-	-	33.59	24.72
Long-Term Leases	6.37	4.07	0.96	5.96	2.02	0.09
Long-Term Unearned Revenue	2.6	3.21	-	2.11	1.57	23.51
Long-Term Deferred Tax Liabilities	10.1	11.43	2.51	1.98	-	-
Other Long-Term Liabilities	-	22.46	-	-	-	-
Total Liabilities	523.11	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	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	89.11	89.11	89.11	61.17	31	31
Additional Paid-In Capital	2,594	2,587	2,581	2,610	323.61	323.61
Retained Earnings	83.25	232.96	237.99	225.28	174	120.23
Treasury Stock	-50.5	-50.5	-50.5	-	-	-
Comprehensive Income & Other	-3.13	-2.92	-3.14	-2.74	-2.02	-1.37
Total Common Equity	2,712	2,856	2,854	2,894	526.59	473.47
Minority Interest	91.93	137.19	48.42	26.22	-	-
Shareholders' Equity	2,804	2,993	2,902	2,920	526.59	473.47
Total Liabilities & Equity	3,327	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	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	160.79	93.37	28.05	14.35	82.94	60.35
Net Cash (Debt)	1,211	1,436	1,873	2,213	86.52	129.1
Net Cash Growth	-26.34%	-23.34%	-15.37%	2457.33%	-32.98%	14.99%
Net Cash Per Share	13.80	16.41	21.23	26.95	1.29	1.99
Filing Date Shares Outstanding	88.65	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	1,810	2,042	2,427	2,622	381.69	350.91
Book Value Per Share	30.68	32.30	32.28	32.40	7.86	7.07
Tangible Book Value	2,220	2,384	2,734	2,792	481.11	418.18
Tangible Book Value Per Share	25.11	26.96	30.92	31.26	7.18	6.24
Buildings	207.06	198.07	149.56	98.33	98.33	98.33
Machinery	124.24	34.67	17.06	9.58	6.96	6.01
Construction In Progress	71.48	118.92	52.58	19.94	11.62	-