SHA:688515 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-	740.15	449.3	36.29	56.45
Trading Asset Securities	-	581.89	1,214	130.02	199.23
Cash & Short-Term Investments	1,018	1,322	1,663	166.31	255.68
Cash Growth	-23.01%	-20.51%	900.07%	-34.95%	189.96%
Accounts Receivable	-	80.36	59.34	70.57	58.79
Other Receivables	-	3.88	3.18	1.46	1.25
Receivables	-	84.24	62.51	72.03	60.04
Inventory	-	125.03	131.45	100.28	114.64
Prepaid Expenses	-	-	-	4.77	0.53
Other Current Assets	-	87.63	15	117.5	62.58
Total Current Assets	-	1,619	1,872	460.88	493.46
Property, Plant & Equipment	-	83.38	44.21	20.94	26.43
Other Intangible Assets	-	34.16	20.12	18.89	29.54
Long-Term Deferred Charges	-	6.17	3.01	3.48	2.49
Other Long-Term Assets	-	1.33	6.14	3.26	1.09
Total Assets	-	1,744	1,946	507.46	553.01
Accounts Payable	-	32.53	35.53	6.62	22.08
Accrued Expenses	-	70.74	56.24	44.19	15.87
Current Portion of Leases	-	6.87	9.4	3.68	3.32
Current Unearned Revenue	-	10.15	6.19	102.54	161.91
Other Current Liabilities	-	6.8	3.14	55.23	60.16
Total Current Liabilities	-	127.09	110.5	212.26	263.35
Long-Term Leases	-	1	7.89	5.44	11.26
Long-Term Unearned Revenue	-	3.82	0.1	0.25	1.09
Other Long-Term Liabilities	-	3.58	-	-	-
Total Liabilities	-	135.49	118.49	217.95	275.7
Common Stock	-	80	80	60	60
Additional Paid-In Capital	-	1,929	1,906	238.74	226.14
Retained Earnings	-	-361.02	-159.34	-9.24	-8.83
Treasury Stock	-	-40	-	-	-
Comprehensive Income & Other	-	0.33	0.35	-	-
Shareholders' Equity	1,501	1,608	1,827	289.5	277.31
Total Liabilities & Equity	-	1,744	1,946	507.46	553.01
Total Debt	10.79	7.87	17.29	9.12	14.59
Net Cash (Debt)	1,007	1,314	1,646	157.19	241.09
Net Cash Growth	-23.37%	-20.16%	947.08%	-34.80%	173.41%
Net Cash Per Share	12.70	16.49	21.49	3.85	5.21
Filing Date Shares Outstanding	79.64	79.4	79.93	80	60
Total Common Shares Outstanding	79.4	79.4	80	60	60
Working Capital	-	1,492	1,762	248.62	230.11
Book Value Per Share	18.91	20.26	22.84	4.83	4.62
Tangible Book Value	1,470	1,574	1,807	270.61	247.77
Tangible Book Value Per Share	18.51	19.83	22.59	4.51	4.13
Machinery	-	55.22	33.77	18.5	13.12
Construction In Progress	-	43.89	6.66	-	1.47

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.