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	Mar '26 Mar 31, 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	372.45	462.17	565.56	690.93	608.93	490.25
Short-Term Investments	-	80	20	-	-	-
Trading Asset Securities	47	75	30	30	13.11	157.6
Cash & Short-Term Investments	419.45	617.17	615.56	720.93	622.04	647.85
Cash Growth	-37.45%	0.26%	-14.62%	15.90%	-3.98%	492.70%
Accounts Receivable	1,034	935.3	774.96	555.83	362.73	239.2
Other Receivables	7.49	6.65	10.16	11.21	16.17	12
Receivables	1,041	941.95	785.12	567.04	378.9	251.21
Inventory	14.67	14.03	15.05	14.41	12.54	7.84
Prepaid Expenses	-	-	-	-	-	1.9
Other Current Assets	245.37	167.47	98.76	54.76	26.48	32.99
Total Current Assets	1,721	1,741	1,514	1,357	1,040	941.79
Property, Plant & Equipment	167.69	177.91	211.61	220.26	197.02	161.05
Long-Term Investments	124.15	179.29	115.69	100.75	94.75	40
Goodwill	20.51	20.51	26.06	26.06	26.06	26.06
Other Intangible Assets	4.05	4.73	5.41	5.39	4.2	3.32
Long-Term Deferred Tax Assets	111.47	102.27	64.04	38.93	16.69	5.03
Long-Term Deferred Charges	27.61	30.64	48.28	64.19	76.25	33.41
Other Long-Term Assets	123.91	28.82	1.73	50.31	8.78	31.99
Total Assets	2,300	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	Mar '26 Mar 31, 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	60.92	49.09	30.68	49.12	22.13	12.52
Accrued Expenses	22.18	42.02	53.63	47.44	37.29	27.33
Short-Term Debt	508.93	499.13	309.39	383.93	201.17	138.01
Current Portion of Long-Term Debt	34.62	19.2	19.3	-	-	-
Current Portion of Leases	-	17.63	24.78	22.1	22.54	18.98
Current Income Taxes Payable	40.65	31.14	6.6	24.92	16.93	11.42
Current Unearned Revenue	284.87	299.15	321.43	220.83	205.85	199.85
Other Current Liabilities	10.29	11.28	12.76	12.88	12.27	9.72
Total Current Liabilities	962.47	968.65	778.56	761.21	518.19	417.83
Long-Term Debt	38.4	48	67.2	-	-	-
Long-Term Leases	26.7	29.75	35.12	40.62	33.84	49.72
Long-Term Unearned Revenue	3.57	3.57	2.52	3.59	2.83	5.46
Long-Term Deferred Tax Liabilities	0.02	0.05	1.25	0.35	0.24	-
Other Long-Term Liabilities	1.28	1.28	-	-	-	-
Total Liabilities	1,032	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	Mar '26 Mar 31, 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	422.36	406.54	375.86	474.17	499.85	499.85
Retained Earnings	819.46	798.83	612.78	453.85	317.09	182.1
Treasury Stock	-100	-100	-	-	-	-
Total Common Equity	1,254	1,217	1,101	1,040	896.93	761.95
Minority Interest	13.92	16.12	2.01	17.25	11.67	7.69
Shareholders' Equity	1,268	1,233	1,103	1,057	908.6	769.64
Total Liabilities & Equity	2,300	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	Mar '26 Mar 31, 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	608.65	613.71	455.79	446.65	257.55	206.71
Net Cash (Debt)	-189.2	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	-1.71	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	758.31	771.97	735.93	595.93	521.77	523.96
Book Value Per Share	11.47	11.14	9.83	9.29	8.01	6.80
Tangible Book Value	1,229	1,192	1,069	1,009	866.68	732.57
Tangible Book Value Per Share	11.25	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