SHA:688680 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	280.97	131.66	351.89	510.24	631.39	426.33
Short-Term Investments	-	7.7	25.66	36.34	0.5	-
Trading Asset Securities	190.48	359.54	-	100.21	-	-
Cash & Short-Term Investments	471.45	498.9	377.55	646.8	631.89	426.33
Cash Growth	16.29%	32.14%	-41.63%	2.36%	48.22%	177.28%
Accounts Receivable	784.39	835.15	1,332	2,409	3,159	2,088
Other Receivables	4.83	0.88	0.54	11.4	1.49	19.77
Receivables	789.22	836.02	1,332	2,420	3,161	2,108
Inventory	90.46	94.06	193.04	729.15	1,325	353.55
Prepaid Expenses	-	0.21	0.76	3.49	0.65	1.72
Other Current Assets	88.64	157.58	141.96	174.52	304.99	122
Total Current Assets	1,440	1,587	2,046	3,974	5,423	3,012
Property, Plant & Equipment	557.05	569.57	790.62	961.41	715.92	465.74
Long-Term Investments	2.82	2.78	-	-	33.42	24.59
Other Intangible Assets	75.35	76.9	120.7	122.35	48.1	34.58
Long-Term Deferred Tax Assets	53.61	58.33	99.88	124.31	41.8	13.1
Long-Term Deferred Charges	102.53	112.7	138.14	136.48	98.31	57.36
Other Long-Term Assets	142.96	146.58	29.64	64.46	116.85	66.11
Total Assets	2,374	2,554	3,225	5,383	6,478	3,673

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	105.54	57.54	162.88	213.69	452.7	301.93
Accrued Expenses	11.1	33.34	55.37	79.96	75.26	45.4
Short-Term Debt	333.51	416.3	321.34	1,318	2,547	787.41
Current Portion of Long-Term Debt	-	20.61	170.42	347.02	1.1	-
Current Portion of Leases	-	15.92	15.82	25.78	23.84	26.28
Current Income Taxes Payable	-	1.5	0.14	0.16	1.98	12.41
Current Unearned Revenue	13.19	2.86	1.17	4.62	9.27	2
Other Current Liabilities	92.66	104.41	140.79	239.91	264.54	119.48
Total Current Liabilities	555.99	652.49	867.93	2,229	3,376	1,295
Long-Term Debt	102	725.82	702.45	838.53	532.07	-
Long-Term Leases	56.01	40.53	32.34	104	87.83	61.66
Long-Term Unearned Revenue	4.62	13.61	14.89	13.61	-	-
Long-Term Deferred Tax Liabilities	-	-	-	0.08	0.02	-
Other Long-Term Liabilities	2.74	2.74	-	-	-	10.27
Total Liabilities	721.36	1,435	1,618	3,185	3,996	1,367

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	97.57	84.02	84.02	84.02	84.02	84.02
Additional Paid-In Capital	2,369	1,622	1,625	1,624	1,624	1,624
Retained Earnings	-749.74	-702.18	-209.18	359.19	597.84	598.67
Treasury Stock	-58.51	-58.51	-71	-44.81	-	-
Comprehensive Income & Other	-6	172.9	178.36	176.54	176.05	-
Total Common Equity	1,653	1,118	1,607	2,198	2,482	2,306
Shareholders' Equity	1,653	1,118	1,607	2,198	2,482	2,306
Total Liabilities & Equity	2,374	2,554	3,225	5,383	6,478	3,673

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	491.52	1,219	1,242	2,633	3,192	875.36
Net Cash (Debt)	-20.07	-720.28	-864.82	-1,986	-2,560	-449.03
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.23	-8.69	-10.42	-23.72	-29.13	-5.47
Filing Date Shares Outstanding	96.71	83.13	82.81	83.42	84.02	84.02
Total Common Shares Outstanding	96.71	83.13	82.81	83.42	84.02	84.02
Working Capital	883.78	934.29	1,178	1,746	2,047	1,717
Book Value Per Share	17.09	13.45	19.41	26.35	29.54	27.45
Tangible Book Value	1,577	1,042	1,486	2,076	2,434	2,272
Tangible Book Value Per Share	16.31	12.53	17.95	24.89	28.97	27.04
Buildings	-	263.09	262.53	262.53	79.89	73.46
Machinery	-	467.55	613.81	664.46	484.95	338.34
Construction In Progress	-	92.23	127.66	108.11	149.59	29.11