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	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	642.31	663.02	295.77	367.63	120.94	198.77
Short-Term Investments	-	75.06	184.08	-	-	-
Trading Asset Securities	626.45	215.95	420.68	615.27	272.72	100.18
Cash & Short-Term Investments	1,269	954.02	900.52	982.9	393.66	298.95
Cash Growth	52.95%	5.94%	-8.38%	149.68%	31.68%	157.82%
Accounts Receivable	876.87	649.7	523.46	412.27	279.46	225.83
Other Receivables	21.36	10.7	3.87	3.32	5.56	3.18
Receivables	898.22	660.4	527.32	415.59	285.02	229.01
Inventory	1,306	796.96	602.42	403.68	424.53	236.05
Other Current Assets	168.47	101.59	77.92	41.56	76.83	63.4
Total Current Assets	3,641	2,513	2,108	1,844	1,180	827.41
Property, Plant & Equipment	531.38	417.6	323.43	163.66	99.39	87.57
Long-Term Investments	34.17	53.43	261.45	391.27	-	-
Goodwill	27.35	27.35	27.35	-	-	-
Other Intangible Assets	50.16	50.01	50.89	47.4	48.12	32.64
Long-Term Deferred Tax Assets	75.41	61.07	37.28	17.29	16.64	17.33
Long-Term Deferred Charges	4.28	4.77	5.91	-	-	-
Other Long-Term Assets	53.8	8.02	9.51	12.57	4.86	1.01
Total Assets	4,418	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	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	1,118	499.66	379.07	264.16	264.6	134.12
Accrued Expenses	26.53	46.99	26.09	20.81	27.79	25.98
Short-Term Debt	420.7	281	408.41	279.07	88.07	72.03
Current Portion of Long-Term Debt	62.83	24.24	-	-	2.04	-
Current Portion of Leases	-	3.5	2.41	0.08	-	-
Current Income Taxes Payable	9.95	2.34	2.96	0.01	2	0.28
Current Unearned Revenue	1,079	544.91	310.61	185.02	263.21	174.95
Other Current Liabilities	107.87	100.71	83.52	48.37	69.88	70.75
Total Current Liabilities	2,825	1,503	1,213	797.54	717.6	478.12
Long-Term Debt	69.65	124.99	-	-	47	-
Long-Term Leases	10.28	11.85	13.79	0.11	-	-
Long-Term Unearned Revenue	40.85	35.4	17.92	12.78	13.79	14
Long-Term Deferred Tax Liabilities	0.24	0.32	0.74	-	0.43	0.03
Other Long-Term Liabilities	-	1.73	-	-	0.42	0.41
Total Liabilities	2,946	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	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	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	136.02	133.4	182.35	204.48	103.36	9.47
Treasury Stock	-126.88	-160.67	-83.09	-	-	-
Comprehensive Income & Other	-0.03	-0.03	-	-	-	-
Total Common Equity	1,441	1,438	1,563	1,665	569.81	473.4
Minority Interest	30.85	19.16	15.72	-0	-	-
Shareholders' Equity	1,472	1,458	1,578	1,665	569.81	473.4
Total Liabilities & Equity	4,418	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	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	563.46	445.57	424.62	279.26	137.11	72.03
Net Cash (Debt)	705.29	508.45	475.9	703.63	256.55	226.92
Net Cash Growth	51.37%	6.84%	-32.37%	174.27%	13.06%	150.13%
Net Cash Per Share	7.85	5.61	5.05	8.63	3.61	3.65
Filing Date Shares Outstanding	75.93	89.72	92.01	95.16	71.37	71.37
Total Common Shares Outstanding	75.93	89.72	92.01	95.16	71.37	71.37
Working Capital	816.23	1,010	895.09	1,046	462.44	349.29
Book Value Per Share	18.98	16.03	16.98	17.50	7.98	6.63
Tangible Book Value	1,363	1,361	1,484	1,618	521.69	440.76
Tangible Book Value Per Share	17.96	15.17	16.13	17.00	7.31	6.18
Buildings	-	170.9	171.33	99.91	92.38	53.09
Machinery	-	102.26	63.84	24.51	15.59	9.02
Construction In Progress	-	172.73	97.56	51.84	0.35	30.61