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	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	1,387	1,529	1,901	2,227	169.46	159.43
Trading Asset Securities	-	-	-	-	-	30.02
Cash & Short-Term Investments	1,387	1,529	1,901	2,227	169.46	189.46
Cash Growth	-15.11%	-19.56%	-14.65%	1214.15%	-10.55%	14.46%
Accounts Receivable	765.87	844.53	636.95	518.92	342.72	230.98
Other Receivables	17.97	39.22	22.75	20.07	14.44	9.75
Receivables	783.84	883.75	659.7	538.99	357.16	240.73
Inventory	67.35	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	54.07	7.93	9.2	0.46	7.81	4.77
Total Current Assets	2,292	2,479	2,592	2,779	542.9	439.31
Property, Plant & Equipment	372.44	318.49	203.58	127.18	109.49	97.95
Long-Term Investments	123.22	105.38	80.57	49.77	-	-
Goodwill	355.84	355.84	63.12	40.72	-	-
Other Intangible Assets	131.58	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	60.21	42.12	30.91	16.4	8.21	6.23
Long-Term Deferred Charges	2.64	3.44	0.64	1.17	0.09	0.23
Other Long-Term Assets	40.1	42.04	39.47	3.63	4	-
Total Assets	3,379	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	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	135.23	126.96	74.28	96.91	79.66	25.45
Accrued Expenses	21.77	64.9	37.39	30.13	27.48	19.62
Short-Term Debt	97.05	83.97	20.78	-	37.29	20.2
Current Portion of Long-Term Debt	33.5	-	-	-	8.2	14.07
Current Portion of Leases	-	5.33	6.32	8.4	1.84	1.28
Current Income Taxes Payable	21.38	3.41	7.83	3.96	5.97	4
Current Unearned Revenue	39.36	24.86	11.4	10.93	0.09	2.88
Other Current Liabilities	129.04	127.65	6.55	6.89	0.68	0.9
Total Current Liabilities	477.33	437.07	164.54	157.21	161.21	88.4
Long-Term Debt	77.09	-	-	-	33.59	24.72
Long-Term Leases	7.2	4.07	0.96	5.96	2.02	0.09
Long-Term Unearned Revenue	18.04	3.21	-	2.11	1.57	23.51
Long-Term Deferred Tax Liabilities	9.5	11.43	2.51	1.98	-	-
Other Long-Term Liabilities	-	22.46	-	-	-	-
Total Liabilities	589.16	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	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	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	54.18	232.96	237.99	225.28	174	120.23
Treasury Stock	-33.3	-50.5	-50.5	-	-	-
Comprehensive Income & Other	-2.95	-2.92	-3.14	-2.74	-2.02	-1.37
Total Common Equity	2,697	2,856	2,854	2,894	526.59	473.47
Minority Interest	92.01	137.19	48.42	26.22	-	-
Shareholders' Equity	2,789	2,993	2,902	2,920	526.59	473.47
Total Liabilities & Equity	3,379	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	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	214.83	93.37	28.05	14.35	82.94	60.35
Net Cash (Debt)	1,172	1,436	1,873	2,213	86.52	129.1
Net Cash Growth	-27.65%	-23.34%	-15.37%	2457.33%	-32.98%	14.99%
Net Cash Per Share	13.42	16.41	21.23	26.95	1.29	1.99
Filing Date Shares Outstanding	87.66	88.42	88.42	89.31	89.31	66.98
Total Common Shares Outstanding	87.66	88.42	88.42	89.31	66.98	66.98
Working Capital	1,815	2,042	2,427	2,622	381.69	350.91
Book Value Per Share	30.77	32.30	32.28	32.40	7.86	7.07
Tangible Book Value	2,210	2,384	2,734	2,792	481.11	418.18
Tangible Book Value Per Share	25.21	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	-