SHA:688638 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	505.79	570	381.8	240.55	188.91	234.56
Short-Term Investments	-	62.24	130.98	312.1	-	-
Trading Asset Securities	80.02	79.86	170.05	170.31	-	-
Cash & Short-Term Investments	585.81	712.11	682.83	722.96	188.91	234.56
Cash Growth	-22.73%	4.29%	-5.55%	282.70%	-19.46%	200.31%
Accounts Receivable	604.4	509.81	489.65	496.52	415.78	204.92
Other Receivables	7.46	7.85	5.42	9.1	6.58	47.28
Receivables	611.86	517.66	495.07	505.62	422.36	252.2
Inventory	1,355	932.8	534.69	609.08	1,093	564.97
Prepaid Expenses	-	-	-	-	-	0.54
Other Current Assets	110.68	53.46	29.7	14.16	17.78	20.91
Total Current Assets	2,663	2,216	1,742	1,852	1,722	1,073
Property, Plant & Equipment	259.06	247.53	252.89	151.31	26.35	26.43
Goodwill	73.94	73.94	73.94	-	-	-
Other Intangible Assets	49.2	49.78	50.81	38.17	37.62	0.29
Long-Term Deferred Tax Assets	58.94	56.89	37.22	11.32	9.59	5.41
Long-Term Deferred Charges	11.6	2.46	3.45	1.68	1.8	1.21
Other Long-Term Assets	0.25	-	1.02	-	0.04	0.63
Total Assets	3,121	2,647	2,162	2,054	1,798	1,107

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	802.66	669.92	416.31	422.37	767.68	382.2
Accrued Expenses	27.29	43.57	27.77	32.01	32.66	15.22
Short-Term Debt	339.44	285.24	291.76	113.12	11.36	28.11
Current Portion of Long-Term Debt	4.6	-	14.91	-	-	-
Current Portion of Leases	-	5.93	9.43	8.21	12.19	9.88
Current Income Taxes Payable	11.75	3.07	4.02	5.57	6.15	5.75
Current Unearned Revenue	962.33	572.36	282.27	321.48	624.89	385.96
Other Current Liabilities	136.55	194.8	68.07	23.49	31.15	44.43
Total Current Liabilities	2,285	1,775	1,115	926.25	1,486	871.55
Long-Term Leases	4.2	4.5	15.41	6.48	5.65	13.74
Long-Term Unearned Revenue	-	-	2	2	1	-
Long-Term Deferred Tax Liabilities	4.81	4.99	7.18	2.62	3.28	-
Total Liabilities	2,353	1,784	1,139	937.35	1,496	885.29

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	56	56	56	40	30	30
Additional Paid-In Capital	916.64	909.21	903.49	913.16	163.21	158.06
Retained Earnings	-210.47	-118.86	32.13	165.72	109.58	33.97
Treasury Stock	-37	-30.1	-13.72	-	-	-
Comprehensive Income & Other	-7.17	-7.17	-6.85	-	-	-
Total Common Equity	718	809.08	971.05	1,119	302.78	222.03
Minority Interest	50.31	53.18	51.44	-1.93	-1.17	-0.18
Shareholders' Equity	768.31	862.25	1,022	1,117	301.62	221.85
Total Liabilities & Equity	3,121	2,647	2,162	2,054	1,798	1,107

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	407.74	295.68	331.52	127.81	29.2	51.73
Net Cash (Debt)	178.07	416.43	351.31	595.14	159.71	182.84
Net Cash Growth	-49.23%	18.54%	-40.97%	272.63%	-12.65%	134.09%
Net Cash Per Share	3.20	7.50	6.29	17.39	3.80	4.43
Filing Date Shares Outstanding	55.32	54.95	55.5	56	42	42
Total Common Shares Outstanding	55.32	54.95	55.5	56	42	42
Working Capital	378.3	441.15	627.75	925.56	236.15	201.63
Book Value Per Share	12.98	14.72	17.50	19.98	7.21	5.29
Tangible Book Value	594.86	685.36	846.3	1,081	265.17	221.74
Tangible Book Value Per Share	10.75	12.47	15.25	19.30	6.31	5.28
Buildings	-	205.69	205.4	-	-	-
Machinery	-	48.9	41.27	16.11	10.96	7.12
Construction In Progress	-	8.71	1.25	128.41	3.5	-
Order Backlog	-	-	-	-	-	1,192