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	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	473	462.17	565.56	690.93	608.93	490.25
Short-Term Investments	-	80	20	-	-	-
Trading Asset Securities	60	75	30	30	13.11	157.6
Cash & Short-Term Investments	533	617.17	615.56	720.93	622.04	647.85
Cash Growth	-24.55%	0.26%	-14.62%	15.90%	-3.98%	492.70%
Accounts Receivable	940.74	935.3	774.96	555.83	362.73	239.2
Other Receivables	7.38	6.65	10.16	11.21	16.17	12
Receivables	948.13	941.95	785.12	567.04	378.9	251.21
Inventory	13.95	14.03	15.05	14.41	12.54	7.84
Prepaid Expenses	-	-	-	-	-	1.9
Other Current Assets	211.44	167.47	98.76	54.76	26.48	32.99
Total Current Assets	1,707	1,741	1,514	1,357	1,040	941.79
Property, Plant & Equipment	159.86	177.91	211.61	220.26	197.02	161.05
Long-Term Investments	237.76	179.29	115.69	100.75	94.75	40
Goodwill	21.54	20.51	26.06	26.06	26.06	26.06
Other Intangible Assets	4.25	4.73	5.41	5.39	4.2	3.32
Long-Term Deferred Tax Assets	139.84	102.27	64.04	38.93	16.69	5.03
Long-Term Deferred Charges	26.68	30.64	48.28	64.19	76.25	33.41
Other Long-Term Assets	22.75	28.82	1.73	50.31	8.78	31.99
Total Assets	2,319	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	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	75.4	49.09	30.68	49.12	22.13	12.52
Accrued Expenses	23.03	42.02	53.63	47.44	37.29	27.33
Short-Term Debt	623.01	499.13	309.39	383.93	201.17	138.01
Current Portion of Long-Term Debt	32.52	19.2	19.3	-	-	-
Current Portion of Leases	-	17.63	24.78	22.1	22.54	18.98
Current Income Taxes Payable	14.69	31.14	6.6	24.92	16.93	11.42
Current Unearned Revenue	243.18	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	1,022	968.65	778.56	761.21	518.19	417.83
Long-Term Debt	28.8	48	67.2	-	-	-
Long-Term Leases	28.4	29.75	35.12	40.62	33.84	49.72
Long-Term Unearned Revenue	4.53	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	1,084	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	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	112	112	112	112	80	80
Additional Paid-In Capital	428.49	406.54	375.86	474.17	499.85	499.85
Retained Earnings	743.85	798.83	612.78	453.85	317.09	182.1
Treasury Stock	-62.06	-100	-	-	-	-
Total Common Equity	1,222	1,217	1,101	1,040	896.93	761.95
Minority Interest	13.08	16.12	2.01	17.25	11.67	7.69
Shareholders' Equity	1,235	1,233	1,103	1,057	908.6	769.64
Total Liabilities & Equity	2,319	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	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	712.72	613.71	455.79	446.65	257.55	206.71
Net Cash (Debt)	-179.72	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	-1.62	0.03	1.42	2.45	3.26	4.50
Filing Date Shares Outstanding	112.45	109.28	112	112	112	112
Total Common Shares Outstanding	112.45	109.28	112	112	112	112
Working Capital	684.5	771.97	735.93	595.93	521.77	523.96
Book Value Per Share	10.87	11.14	9.83	9.29	8.01	6.80
Tangible Book Value	1,197	1,192	1,069	1,009	866.68	732.57
Tangible Book Value Per Share	10.64	10.91	9.55	9.01	7.74	6.54
Machinery	-	261.43	256.34	232.62	195.9	124.14
Construction In Progress	-	-	-	-	-	3.4