SHA:688646 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	583.08	663.02	295.77	367.63	120.94	198.77
Short-Term Investments	125.86	75.06	184.08	-	-	-
Trading Asset Securities	343.71	215.95	420.68	615.27	272.72	100.18
Cash & Short-Term Investments	1,053	954.02	900.52	982.9	393.66	298.95
Cash Growth	65.73%	5.94%	-8.38%	149.68%	31.68%	157.82%
Accounts Receivable	771.76	649.7	523.46	412.27	279.46	225.83
Other Receivables	52.67	10.7	3.87	3.32	5.56	3.18
Receivables	824.43	660.4	527.32	415.59	285.02	229.01
Inventory	924.67	796.96	602.42	403.68	424.53	236.05
Other Current Assets	185.67	101.59	77.92	41.56	76.83	63.4
Total Current Assets	2,987	2,513	2,108	1,844	1,180	827.41
Property, Plant & Equipment	486.01	417.6	323.43	163.66	99.39	87.57
Long-Term Investments	77.12	53.43	261.45	391.27	-	-
Goodwill	27.35	27.35	27.35	-	-	-
Other Intangible Assets	49.35	50.01	50.89	47.4	48.12	32.64
Long-Term Deferred Tax Assets	74.26	61.07	37.28	17.29	16.64	17.33
Long-Term Deferred Charges	4.69	4.77	5.91	-	-	-
Other Long-Term Assets	8.11	8.02	9.51	12.57	4.86	1.01
Total Assets	3,714	3,135	2,824	2,476	1,349	965.96

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	714.77	499.66	379.07	264.16	264.6	134.12
Accrued Expenses	41.7	46.99	26.09	20.81	27.79	25.98
Short-Term Debt	242.06	281	408.41	279.07	88.07	72.03
Current Portion of Long-Term Debt	1.01	24.24	-	-	2.04	-
Current Portion of Leases	6.2	3.5	2.41	0.08	-	-
Current Income Taxes Payable	3.54	2.34	2.96	0.01	2	0.28
Current Unearned Revenue	890.56	544.91	310.61	185.02	263.21	174.95
Other Current Liabilities	186.23	100.71	83.52	48.37	69.88	70.75
Total Current Liabilities	2,086	1,503	1,213	797.54	717.6	478.12
Long-Term Debt	124.92	124.99	-	-	47	-
Long-Term Leases	11.55	11.85	13.79	0.11	-	-
Long-Term Unearned Revenue	43.67	35.4	17.92	12.78	13.79	14
Long-Term Deferred Tax Liabilities	0.27	0.32	0.74	-	0.43	0.03
Other Long-Term Liabilities	-	1.73	-	-	0.42	0.41
Total Liabilities	2,266	1,678	1,246	810.43	779.23	492.56

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	94.16	95.16	95.16	95.16	71.37	71.37
Additional Paid-In Capital	1,338	1,371	1,368	1,366	395.07	392.56
Retained Earnings	117.63	133.4	182.35	204.48	103.36	9.47
Treasury Stock	-126.88	-160.67	-83.09	-	-	-
Comprehensive Income & Other	-0.07	-0.03	-	-	-	-
Total Common Equity	1,422	1,438	1,563	1,665	569.81	473.4
Minority Interest	25.36	19.16	15.72	-0	-	-
Shareholders' Equity	1,448	1,458	1,578	1,665	569.81	473.4
Total Liabilities & Equity	3,714	3,135	2,824	2,476	1,349	965.96

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	385.73	445.57	424.62	279.26	137.11	72.03
Net Cash (Debt)	666.92	508.45	475.9	703.63	256.55	226.92
Net Cash Growth	217.90%	6.84%	-32.37%	174.27%	13.06%	150.13%
Net Cash Per Share	7.47	5.61	5.05	8.63	3.61	3.65
Filing Date Shares Outstanding	89.72	89.72	92.01	95.16	71.37	71.37
Total Common Shares Outstanding	89.72	89.72	92.01	95.16	71.37	71.37
Working Capital	901.37	1,010	895.09	1,046	462.44	349.29
Book Value Per Share	15.85	16.03	16.98	17.50	7.98	6.63
Tangible Book Value	1,346	1,361	1,484	1,618	521.69	440.76
Tangible Book Value Per Share	15.00	15.17	16.13	17.00	7.31	6.18
Buildings	171.14	170.9	171.33	99.91	92.38	53.09
Machinery	103.2	102.26	63.84	24.51	15.59	9.02
Construction In Progress	248.23	172.73	97.56	51.84	0.35	30.61