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	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	87.32	81.58	103.56	788.48	79.2	282.61
Short-Term Investments	156.73	155	621.77	1,673	-	-
Trading Asset Securities	839.26	1,167	801.5	-	-	-
Cash & Short-Term Investments	1,083	1,404	1,527	2,462	79.2	282.61
Cash Growth	-27.75%	-8.06%	-37.98%	3008.31%	-71.97%	145.75%
Accounts Receivable	682.09	539.91	494.76	351.04	298.39	207.7
Other Receivables	232.17	204.81	192.29	118.38	41.24	26.43
Receivables	914.26	744.72	687.05	469.42	339.63	234.13
Inventory	270.87	243.98	241.74	185.32	111.25	123.67
Other Current Assets	43.03	53.09	42.43	35.66	21.31	24.36
Total Current Assets	2,311	2,446	2,498	3,152	551.39	664.77
Property, Plant & Equipment	5,547	5,175	4,147	2,884	2,119	1,296
Long-Term Investments	275.03	72.64	31.44	16.59	8	8
Goodwill	562.91	562.91	562.91	562.91	562.91	562.91
Other Intangible Assets	396.45	413.35	397.34	394.32	397.18	410.27
Long-Term Deferred Tax Assets	70.15	57.25	31.39	25.37	14.22	2.5
Long-Term Deferred Charges	68.38	53.04	45.61	12.79	17.36	7.34
Other Long-Term Assets	212.85	128.29	230.03	205.01	93.58	129.59
Total Assets	9,444	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	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	540.99	617.34	617.83	397.21	405	234.5
Accrued Expenses	57.8	61.65	58.28	61.42	61.9	46.87
Short-Term Debt	756.86	641.87	176.36	17.49	142.83	35.55
Current Portion of Long-Term Debt	484.59	407.21	211.17	165.97	56.35	19.24
Current Portion of Leases	3	3.57	3.93	2.96	1.98	0.58
Current Income Taxes Payable	50.99	41.01	8.56	31.28	33.54	13.14
Current Unearned Revenue	24.38	10.73	49.76	40.78	19.47	32.5
Other Current Liabilities	28.58	29.48	39.68	28.13	26.1	82.15
Total Current Liabilities	1,947	1,813	1,166	745.22	747.18	464.53
Long-Term Debt	1,028	856.58	738.75	592.09	606.35	381.45
Long-Term Leases	18.2	19.83	20.79	21.38	1.54	0.82
Long-Term Unearned Revenue	126.37	127.76	102.88	90.35	0.71	0.76
Long-Term Deferred Tax Liabilities	54.8	51.02	54.47	38.2	53.63	36.41
Total Liabilities	3,174	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	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	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	1,347	1,171	993.86	901.59	581.99	430.64
Treasury Stock	-0.37	-0.37	-0.37	-	-	-
Comprehensive Income & Other	35.27	32.3	31.96	29.36	21.01	17.95
Total Common Equity	6,180	6,001	5,824	5,730	2,335	2,180
Minority Interest	89.26	39.49	37.52	35.9	19.54	16.96
Shareholders' Equity	6,270	6,040	5,862	5,766	2,354	2,197
Total Liabilities & Equity	9,444	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	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	2,291	1,929	1,151	799.89	809.06	437.64
Net Cash (Debt)	-1,207	-525.24	375.84	1,662	-729.85	-155.04
Net Cash Growth	-	-	-77.39%	-	-	-
Net Cash Per Share	-0.92	-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	364.27	632.76	1,332	2,407	-195.78	200.23
Book Value Per Share	4.69	4.55	4.42	4.34	2.36	2.20
Tangible Book Value	5,221	5,024	4,864	4,773	1,374	1,207
Tangible Book Value Per Share	3.96	3.81	3.69	3.62	1.39	1.22
Buildings	456.5	456.5	261.35	298.36	179.76	131.5
Machinery	4,391	4,166	3,385	2,286	1,508	1,254
Construction In Progress	1,367	1,138	875.07	572.08	636.1	93.43