SHA:688577 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	22.68	59.71	190.19	53.3	92.59	133.75
Trading Asset Securities	-	-	-	-	-	30
Cash & Short-Term Investments	22.68	59.71	190.19	53.3	92.59	163.75
Cash Growth	-59.58%	-68.60%	256.81%	-42.43%	-43.45%	-49.44%
Accounts Receivable	483.42	352.71	323.74	272.06	278.91	195.53
Other Receivables	2.44	55.35	1.73	3.46	36.22	27.92
Receivables	485.85	408.06	325.47	275.53	315.13	223.45
Inventory	363.09	376.84	399.74	369.84	343.73	301.64
Prepaid Expenses	-	-	-	0.05	-	-
Other Current Assets	10.96	12.43	12.21	23	14.16	19.67
Total Current Assets	882.57	857.05	927.61	721.71	765.62	708.51
Property, Plant & Equipment	695.01	665.88	619.33	599.7	494.04	436.3
Long-Term Investments	52	42.93	9.63	9.63	7.63	5.81
Goodwill	-	-	3.33	7.87	10.56	-
Other Intangible Assets	329.29	78.63	83.13	87.17	58.62	55.73
Long-Term Deferred Tax Assets	12.49	8.17	7.07	3.17	10.05	3.48
Long-Term Deferred Charges	11.26	7.51	5.53	6.25	5.77	3.89
Other Long-Term Assets	4.61	25.88	11.56	16.43	26.65	9.91
Total Assets	1,987	1,686	1,667	1,452	1,379	1,224

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	419.73	308.43	277.05	229.45	226.95	249.34
Accrued Expenses	30.09	53.37	43.66	40.57	39.02	28.13
Short-Term Debt	170.03	83.07	128.01	103.1	55.15	-
Current Portion of Long-Term Debt	3.01	-	6.96	6.33	-	-
Current Portion of Leases	-	1.64	0.9	1.83	2.6	1.01
Current Income Taxes Payable	13.12	2.89	2.54	0.27	1.85	1.75
Current Unearned Revenue	78.74	72.3	73.95	88	84.59	72.61
Other Current Liabilities	17.32	22.11	17.84	15.09	17.27	10.36
Total Current Liabilities	732.05	543.81	550.92	484.64	427.43	363.2
Long-Term Debt	90.06	-	5.37	12.79	-	-
Long-Term Leases	0.87	1.41	1.2	2.85	4.69	5.24
Long-Term Unearned Revenue	141.96	122.85	96.73	68.22	72.72	38.41
Long-Term Deferred Tax Liabilities	0.03	0.04	0.1	0.12	9.46	3.92
Total Liabilities	964.98	668.11	654.32	568.62	514.29	410.76

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	155.79	111.28	79.49	54.21	54.09	53.97
Additional Paid-In Capital	590	634.51	666.31	555.77	552.17	544.9
Retained Earnings	266	263.79	261.5	268.19	254.98	211.43
Comprehensive Income & Other	10.51	8.37	5.57	5.14	4.1	2.56
Total Common Equity	1,022	1,018	1,013	883.31	865.34	812.86
Minority Interest	-0.04	-0.02	-	-	-0.69	-
Shareholders' Equity	1,022	1,018	1,013	883.31	864.65	812.86
Total Liabilities & Equity	1,987	1,686	1,667	1,452	1,379	1,224

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	263.96	86.12	142.44	126.9	62.43	6.24
Net Cash (Debt)	-241.29	-26.4	47.75	-73.59	30.16	157.51
Net Cash Growth	-	-	-	-	-80.85%	-51.37%
Net Cash Per Share	-1.58	-0.17	0.32	-0.50	0.20	1.06
Filing Date Shares Outstanding	156.78	155.79	155.79	148.74	148.42	148.1
Total Common Shares Outstanding	156.78	155.79	155.79	148.74	148.42	148.1
Working Capital	150.52	313.24	376.69	237.08	338.19	345.3
Book Value Per Share	6.52	6.53	6.50	5.94	5.83	5.49
Tangible Book Value	693	939.33	926.41	788.27	796.16	757.13
Tangible Book Value Per Share	4.42	6.03	5.95	5.30	5.36	5.11
Buildings	-	401.19	397.54	268.19	257.84	186.79
Machinery	-	441.48	414.81	387.44	328.76	187.84
Construction In Progress	-	95.99	29.86	123.64	49.12	170.98