SHA:688528 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	12.34	71.8	86.8	177.67	268.16	276.7
Trading Asset Securities	-	-	-	-	-	20
Cash & Short-Term Investments	12.34	71.8	86.8	177.67	268.16	296.7
Cash Growth	-68.15%	-17.27%	-51.15%	-33.75%	-9.62%	-25.94%
Accounts Receivable	217.51	189.83	244.55	276.92	271.13	261.25
Other Receivables	10.61	15.41	12.56	10.55	8.98	12.49
Receivables	228.12	205.24	257.11	287.48	280.11	273.74
Inventory	100.88	67.33	71.21	56.98	66.28	69.92
Other Current Assets	2.47	9.43	5.22	4.7	5.93	5.99
Total Current Assets	343.81	353.81	420.34	526.83	620.48	646.36
Property, Plant & Equipment	326.52	335.01	363.26	380.91	325.97	288.41
Long-Term Investments	3.3	3.3	4.03	4.62	5.14	2.12
Goodwill	4.89	4.91	4.96	4.99	-	-
Other Intangible Assets	31.01	32.73	35.17	42.73	23.07	27.51
Long-Term Accounts Receivable	6.8	5.85	3.05	2.77	1.46	1.52
Long-Term Deferred Tax Assets	53.71	54.6	61.52	37.05	15.31	4.51
Long-Term Deferred Charges	5.68	3.58	3.91	5.46	2.72	0.04
Other Long-Term Assets	18	21.02	11.76	8.55	48.99	20.03
Total Assets	793.72	814.8	908	1,014	1,043	990.49

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	145.21	126.74	138.59	127.88	147.77	155.59
Accrued Expenses	27.29	22.94	25.63	21.35	15	14.93
Short-Term Debt	70.79	60.79	74.07	55.09	39.05	30
Current Portion of Long-Term Debt	28.87	49.58	25.65	68.48	1.45	-
Current Portion of Leases	13.1	10.57	4.52	4.75	3.35	-
Current Unearned Revenue	5.99	5.53	2.57	0.75	1.88	0.26
Other Current Liabilities	22.16	17.31	25.66	27.22	20.36	22.85
Total Current Liabilities	313.41	293.47	296.69	305.53	228.85	223.63
Long-Term Debt	4.82	14.13	39.39	-	48.4	-
Long-Term Leases	23.25	11.96	8.87	3.33	5.32	-
Long-Term Unearned Revenue	14.87	14.74	12.81	8.75	8.18	8.22
Long-Term Deferred Tax Liabilities	2.14	2.63	3.7	2.4	2.46	-
Other Long-Term Liabilities	-	19.78	-	2.53	-	-
Total Liabilities	358.5	356.7	361.45	322.54	293.2	231.85

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	168	168	168	168	168	168
Additional Paid-In Capital	469.9	462.91	453.2	453.2	453.2	453.2
Retained Earnings	-154.24	-111.58	4.27	69.5	128.74	137.45
Treasury Stock	-50.02	-62.89	-80	-	-	-
Total Common Equity	433.65	456.44	545.46	690.7	749.94	758.64
Minority Interest	1.57	1.65	1.08	0.67	-	-
Shareholders' Equity	435.22	458.09	546.55	691.36	749.94	758.64
Total Liabilities & Equity	793.72	814.8	908	1,014	1,043	990.49

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	140.84	147.03	152.49	131.65	97.56	30
Net Cash (Debt)	-128.49	-75.23	-65.69	46.02	170.6	266.7
Net Cash Growth	-	-	-	-73.02%	-36.03%	-28.04%
Net Cash Per Share	-0.80	-0.47	-0.41	0.27	1.24	1.55
Filing Date Shares Outstanding	161.47	159.79	157.56	168	168	168
Total Common Shares Outstanding	161.47	159.79	157.56	168	168	168
Working Capital	30.39	60.34	123.66	221.3	391.63	422.73
Book Value Per Share	2.69	2.86	3.46	4.11	4.46	4.52
Tangible Book Value	397.75	418.81	505.34	642.97	726.87	731.13
Tangible Book Value Per Share	2.46	2.62	3.21	3.83	4.33	4.35
Buildings	194.97	194.97	194.97	194.02	191.81	168.59
Machinery	268.19	257.23	249.8	236.14	144.5	111.49
Construction In Progress	28.87	27.18	28.37	30.67	43.18	46.86