SHA:688621 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	464.94	462.17	565.56	690.93	608.93	490.25
Short-Term Investments	40	80	20	-	-	-
Trading Asset Securities	40	75	30	30	13.11	157.6
Cash & Short-Term Investments	544.94	617.17	615.56	720.93	622.04	647.85
Cash Growth	-21.54%	0.26%	-14.62%	15.90%	-3.98%	492.70%
Accounts Receivable	927.18	935.3	774.96	555.83	362.73	239.2
Other Receivables	8.24	6.65	10.16	11.21	16.17	12
Receivables	935.42	941.95	785.12	567.04	378.9	251.21
Inventory	13.34	14.03	15.05	14.41	12.54	7.84
Prepaid Expenses	-	-	-	-	-	1.9
Other Current Assets	174.25	167.47	98.76	54.76	26.48	32.99
Total Current Assets	1,668	1,741	1,514	1,357	1,040	941.79
Property, Plant & Equipment	165.53	177.91	211.61	220.26	197.02	161.05
Long-Term Investments	221.07	179.29	115.69	100.75	94.75	40
Goodwill	21.26	20.51	26.06	26.06	26.06	26.06
Other Intangible Assets	5.1	4.73	5.41	5.39	4.2	3.32
Long-Term Deferred Tax Assets	134.34	102.27	64.04	38.93	16.69	5.03
Long-Term Deferred Charges	31.55	30.64	48.28	64.19	76.25	33.41
Other Long-Term Assets	17.07	28.82	1.73	50.31	8.78	31.99
Total Assets	2,264	2,285	1,987	1,863	1,464	1,243

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	50.49	49.09	30.68	49.12	22.13	12.52
Accrued Expenses	33.07	42.02	53.63	47.44	37.29	27.33
Short-Term Debt	580.08	499.13	309.39	383.93	201.17	138.01
Current Portion of Long-Term Debt	19.2	19.2	19.3	-	-	-
Current Portion of Leases	13.47	17.63	24.78	22.1	22.54	18.98
Current Income Taxes Payable	11.34	31.14	6.6	24.92	16.93	11.42
Current Unearned Revenue	256.51	299.15	321.43	220.83	205.85	199.85
Other Current Liabilities	10.19	11.28	12.76	12.88	12.27	9.72
Total Current Liabilities	974.35	968.65	778.56	761.21	518.19	417.83
Long-Term Debt	38.4	48	67.2	-	-	-
Long-Term Leases	31.55	29.75	35.12	40.62	33.84	49.72
Long-Term Unearned Revenue	3.87	3.57	2.52	3.59	2.83	5.46
Long-Term Deferred Tax Liabilities	0.08	0.05	1.25	0.35	0.24	-
Other Long-Term Liabilities	-	1.28	-	-	-	-
Total Liabilities	1,048	1,051	884.65	805.76	555.1	473.01

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	112	112	112	112	80	80
Additional Paid-In Capital	435.5	406.54	375.86	474.17	499.85	499.85
Retained Earnings	753.99	798.83	612.78	453.85	317.09	182.1
Treasury Stock	-100	-100	-	-	-	-
Total Common Equity	1,201	1,217	1,101	1,040	896.93	761.95
Minority Interest	14.13	16.12	2.01	17.25	11.67	7.69
Shareholders' Equity	1,216	1,233	1,103	1,057	908.6	769.64
Total Liabilities & Equity	2,264	2,285	1,987	1,863	1,464	1,243

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	682.7	613.71	455.79	446.65	257.55	206.71
Net Cash (Debt)	-137.76	3.45	159.77	274.28	364.48	441.14
Net Cash Growth	-	-97.84%	-41.75%	-24.75%	-17.38%	414.12%
Net Cash Per Share	-1.25	0.03	1.42	2.45	3.26	4.50
Filing Date Shares Outstanding	109.28	109.28	112	112	112	112
Total Common Shares Outstanding	109.28	109.28	112	112	112	112
Working Capital	693.59	771.97	735.93	595.93	521.77	523.96
Book Value Per Share	10.99	11.14	9.83	9.29	8.01	6.80
Tangible Book Value	1,175	1,192	1,069	1,009	866.68	732.57
Tangible Book Value Per Share	10.75	10.91	9.55	9.01	7.74	6.54
Machinery	262.36	261.43	256.34	232.62	195.9	124.14
Construction In Progress	-	-	-	-	-	3.4