SHA:688635 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
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
Cash & Equivalents	818.16	101.03	38.91	38.13	30.38
Short-Term Investments	-	31.79	-	-	-
Trading Asset Securities	289.56	212.45	166.66	126.02	90.92
Cash & Short-Term Investments	1,108	345.26	205.57	164.15	121.3
Cash Growth	-	67.96%	25.23%	35.32%	-
Accounts Receivable	156.49	135.86	100.1	98.64	72.09
Other Receivables	0.42	0.11	0.11	0	0.04
Receivables	156.91	135.97	100.21	98.65	72.13
Inventory	60.92	51.18	55.88	50.28	41.39
Prepaid Expenses	-	0	0	0	-
Other Current Assets	47.42	10.45	4.6	4.36	9.42
Total Current Assets	1,373	542.87	366.26	317.43	244.24
Property, Plant & Equipment	337.25	294.19	106.4	87.22	72.13
Long-Term Investments	20.21	20.01	30.9	30.02	-
Other Intangible Assets	28.1	21.05	19.59	0.98	0.5
Long-Term Deferred Tax Assets	1.95	2.06	1.47	1.06	0.8
Long-Term Deferred Charges	0.28	0.55	0.76	0.36	-
Other Long-Term Assets	9.34	4.02	2.43	1.12	6.57
Total Assets	1,770	884.75	527.8	438.19	324.23

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
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
Accounts Payable	85.71	83.1	18.46	19.65	6.33
Accrued Expenses	7.76	12.18	10.75	9.72	7.15
Short-Term Debt	30.02	30.02	52.05	42.05	43.05
Current Portion of Leases	-	-	0.38	-	0.26
Current Income Taxes Payable	3.22	4.63	1.79	2.16	1.17
Current Unearned Revenue	0.44	0.68	2.36	1.93	0.05
Other Current Liabilities	11.43	16.63	4.97	5.89	6.03
Total Current Liabilities	143.96	147.24	90.76	81.4	64.05
Long-Term Debt	99.38	92.86	-	-	6.5
Long-Term Unearned Revenue	6.62	6.62	0.06	0.07	0.08
Other Long-Term Liabilities	11.22	10.59	7.35	4.87	3.02
Total Liabilities	261.17	257.32	98.17	86.34	73.65

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
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
Common Stock	93.67	70.25	66.56	66.56	64.25
Additional Paid-In Capital	1,149	322.01	223.54	221.52	177.22
Retained Earnings	266.63	235.17	139.53	63.77	9.12
Shareholders' Equity	1,509	627.43	429.63	351.85	250.58
Total Liabilities & Equity	1,770	884.75	527.8	438.19	324.23

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
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
Total Debt	134.78	122.88	52.42	42.05	49.81
Net Cash (Debt)	972.94	222.39	153.14	122.1	71.49
Net Cash Growth	-	45.21%	25.43%	70.79%	-
Net Cash Per Share	13.42	3.19	2.30	1.90	1.28
Filing Date Shares Outstanding	79.54	70.25	66.56	64.3	55.73
Total Common Shares Outstanding	79.54	70.25	66.56	64.3	55.73
Working Capital	1,229	395.62	275.5	236.03	180.19
Book Value Per Share	18.97	8.93	6.46	5.47	4.50
Tangible Book Value	1,481	606.38	410.04	350.87	250.08
Tangible Book Value Per Share	18.62	8.63	6.16	5.46	4.49
Buildings	-	33.97	33.97	33.97	33.97
Machinery	-	94.57	90.45	65.35	47.13
Construction In Progress	-	209.37	12.53	7.79	2.63