SHA:688548 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	50.72	81.58	103.56	788.48	79.2	282.61
Short-Term Investments	-	155	621.77	1,673	-	-
Trading Asset Securities	715.38	1,167	801.5	-	-	-
Cash & Short-Term Investments	766.1	1,404	1,527	2,462	79.2	282.61
Cash Growth	-37.78%	-8.06%	-37.98%	3008.31%	-71.97%	145.75%
Accounts Receivable	744.1	539.91	494.76	351.04	298.39	207.7
Other Receivables	30.73	204.81	192.29	118.38	41.24	26.43
Receivables	774.83	744.72	687.05	469.42	339.63	234.13
Inventory	350.41	243.98	241.74	185.32	111.25	123.67
Other Current Assets	343.89	53.09	42.43	35.66	21.31	24.36
Total Current Assets	2,235	2,446	2,498	3,152	551.39	664.77
Property, Plant & Equipment	5,937	5,175	4,147	2,884	2,119	1,296
Long-Term Investments	262.96	72.64	31.44	16.59	8	8
Goodwill	562.91	562.91	562.91	562.91	562.91	562.91
Other Intangible Assets	388.83	413.35	397.34	394.32	397.18	410.27
Long-Term Deferred Tax Assets	78.93	57.25	31.39	25.37	14.22	2.5
Long-Term Deferred Charges	68.63	53.04	45.61	12.79	17.36	7.34
Other Long-Term Assets	257.25	128.29	230.03	205.01	93.58	129.59
Total Assets	9,792	8,908	7,944	7,253	3,764	3,081

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	537.03	617.34	617.83	397.21	405	234.5
Accrued Expenses	29.73	61.65	58.28	61.42	61.9	46.87
Short-Term Debt	702.27	641.87	176.36	17.49	142.83	35.55
Current Portion of Long-Term Debt	460.46	407.21	211.17	165.97	56.35	19.24
Current Portion of Leases	-	3.57	3.93	2.96	1.98	0.58
Current Income Taxes Payable	85.74	41.01	8.56	31.28	33.54	13.14
Current Unearned Revenue	13.31	10.73	49.76	40.78	19.47	32.5
Other Current Liabilities	62.1	29.48	39.68	28.13	26.1	82.15
Total Current Liabilities	1,891	1,813	1,166	745.22	747.18	464.53
Long-Term Debt	1,288	856.58	738.75	592.09	606.35	381.45
Long-Term Leases	17.96	19.83	20.79	21.38	1.54	0.82
Long-Term Unearned Revenue	129.42	127.76	102.88	90.35	0.71	0.76
Long-Term Deferred Tax Liabilities	49.24	51.02	54.47	38.2	53.63	36.41
Total Liabilities	3,376	2,868	2,082	1,487	1,409	883.98

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	1,319	1,319	1,319	1,319	989.55	989.55
Additional Paid-In Capital	3,479	3,479	3,479	3,480	742	742
Retained Earnings	1,504	1,171	993.86	901.59	581.99	430.64
Treasury Stock	-0.37	-0.37	-0.37	-	-	-
Comprehensive Income & Other	35.56	32.3	31.96	29.36	21.01	17.95
Total Common Equity	6,338	6,001	5,824	5,730	2,335	2,180
Minority Interest	78.77	39.49	37.52	35.9	19.54	16.96
Shareholders' Equity	6,416	6,040	5,862	5,766	2,354	2,197
Total Liabilities & Equity	9,792	8,908	7,944	7,253	3,764	3,081

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	2,469	1,929	1,151	799.89	809.06	437.64
Net Cash (Debt)	-1,703	-525.24	375.84	1,662	-729.85	-155.04
Net Cash Growth	-	-	-77.39%	-	-	-
Net Cash Per Share	-1.32	-0.40	0.29	1.51	-0.74	-0.19
Filing Date Shares Outstanding	1,319	1,319	1,319	1,319	989.55	989.55
Total Common Shares Outstanding	1,319	1,319	1,319	1,319	989.55	989.55
Working Capital	344.58	632.76	1,332	2,407	-195.78	200.23
Book Value Per Share	4.80	4.55	4.42	4.34	2.36	2.20
Tangible Book Value	5,386	5,024	4,864	4,773	1,374	1,207
Tangible Book Value Per Share	4.08	3.81	3.69	3.62	1.39	1.22
Buildings	-	456.5	261.35	298.36	179.76	131.5
Machinery	-	4,166	3,385	2,286	1,508	1,254
Construction In Progress	-	1,138	875.07	572.08	636.1	93.43