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	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	477.78	570	381.8	240.55	188.91	234.56
Short-Term Investments	-	62.24	130.98	312.1	-	-
Trading Asset Securities	82.03	79.86	170.05	170.31	-	-
Cash & Short-Term Investments	559.81	712.11	682.83	722.96	188.91	234.56
Cash Growth	-28.49%	4.29%	-5.55%	282.70%	-19.46%	200.31%
Accounts Receivable	527.27	509.81	489.65	496.52	415.78	204.92
Other Receivables	9.48	7.85	5.42	9.1	6.58	47.28
Receivables	536.76	517.66	495.07	505.62	422.36	252.2
Inventory	1,251	932.8	534.69	609.08	1,093	564.97
Prepaid Expenses	-	-	-	-	-	0.54
Other Current Assets	132.31	53.46	29.7	14.16	17.78	20.91
Total Current Assets	2,480	2,216	1,742	1,852	1,722	1,073
Property, Plant & Equipment	263.19	247.53	252.89	151.31	26.35	26.43
Goodwill	73.94	73.94	73.94	-	-	-
Other Intangible Assets	49.34	49.78	50.81	38.17	37.62	0.29
Long-Term Deferred Tax Assets	58.64	56.89	37.22	11.32	9.59	5.41
Long-Term Deferred Charges	5.53	2.46	3.45	1.68	1.8	1.21
Other Long-Term Assets	-	-	1.02	-	0.04	0.63
Total Assets	2,936	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	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	761.58	669.92	416.31	422.37	767.68	382.2
Accrued Expenses	24.34	43.57	27.77	32.01	32.66	15.22
Short-Term Debt	298.49	285.24	291.76	113.12	11.36	28.11
Current Portion of Long-Term Debt	5.45	-	14.91	-	-	-
Current Portion of Leases	-	5.93	9.43	8.21	12.19	9.88
Current Income Taxes Payable	5.83	3.07	4.02	5.57	6.15	5.75
Current Unearned Revenue	818.89	572.36	282.27	321.48	624.89	385.96
Other Current Liabilities	164.59	194.8	68.07	23.49	31.15	44.43
Total Current Liabilities	2,079	1,775	1,115	926.25	1,486	871.55
Long-Term Leases	2.41	4.5	15.41	6.48	5.65	13.74
Long-Term Unearned Revenue	-	-	2	2	1	-
Long-Term Deferred Tax Liabilities	4.59	4.99	7.18	2.62	3.28	-
Total Liabilities	2,151	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	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	56	56	56	40	30	30
Additional Paid-In Capital	914.79	909.21	903.49	913.16	163.21	158.06
Retained Earnings	-193.95	-118.86	32.13	165.72	109.58	33.97
Treasury Stock	-30.1	-30.1	-13.72	-	-	-
Comprehensive Income & Other	-7.17	-7.17	-6.85	-	-	-
Total Common Equity	739.56	809.08	971.05	1,119	302.78	222.03
Minority Interest	45.71	53.18	51.44	-1.93	-1.17	-0.18
Shareholders' Equity	785.28	862.25	1,022	1,117	301.62	221.85
Total Liabilities & Equity	2,936	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	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	371.1	295.68	331.52	127.81	29.2	51.73
Net Cash (Debt)	188.71	416.43	351.31	595.14	159.71	182.84
Net Cash Growth	-51.21%	18.54%	-40.97%	272.63%	-12.65%	134.09%
Net Cash Per Share	3.39	7.50	6.29	17.39	3.80	4.43
Filing Date Shares Outstanding	55.46	54.95	55.5	56	42	42
Total Common Shares Outstanding	55.46	54.95	55.5	56	42	42
Working Capital	400.87	441.15	627.75	925.56	236.15	201.63
Book Value Per Share	13.33	14.72	17.50	19.98	7.21	5.29
Tangible Book Value	616.29	685.36	846.3	1,081	265.17	221.74
Tangible Book Value Per Share	11.11	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