SHA:688683 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	170.99	322.53	145.53	245.08	347.01	247.37
Trading Asset Securities	20.97	15.75	25.57	-	-	84.53
Cash & Short-Term Investments	191.97	338.29	171.1	245.08	347.01	331.91
Cash Growth	42.56%	97.71%	-30.19%	-29.37%	4.55%	117.22%
Accounts Receivable	573.29	477.09	277.46	236.01	236.26	202.06
Other Receivables	2.38	1.7	1.35	1.68	1.67	1.56
Receivables	575.67	478.79	278.81	237.69	237.92	203.62
Inventory	112.52	91.16	80.8	48.95	57.38	51.96
Prepaid Expenses	-	-	-	-	-	0.03
Other Current Assets	152.71	98.18	55.82	24	20.69	14.76
Total Current Assets	1,033	1,006	586.52	555.72	663	602.27
Property, Plant & Equipment	878.54	856.39	705.62	436.45	333.35	265.6
Long-Term Investments	-	-	4.38	4.6	4.61	-
Goodwill	29.98	29.98	28.48	28.48	28.48	-
Other Intangible Assets	109.87	102.07	95.25	100.05	91.31	52.07
Long-Term Deferred Tax Assets	8.88	9.86	8.13	7.34	6.45	4.05
Long-Term Deferred Charges	22.54	20.07	15.6	1.16	0.28	0.38
Other Long-Term Assets	38.81	8.04	7.91	42.04	11.94	42.99
Total Assets	2,121	2,033	1,452	1,176	1,139	967.37

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	303.33	332.28	137.37	50.76	66.76	40.69
Accrued Expenses	8.35	22.42	17.47	8.35	11.1	13.64
Short-Term Debt	90.25	11.29	22.66	18.38	5.81	-
Current Portion of Long-Term Debt	28.35	27.1	-	0.72	3.65	-
Current Portion of Leases	-	-	-	-	0.86	6.17
Current Income Taxes Payable	10.03	0.69	0.32	0.13	2.66	2.63
Current Unearned Revenue	1.33	0.99	0.38	0.23	1.98	0.51
Other Current Liabilities	128.92	143.77	41.21	28.13	22.6	39.23
Total Current Liabilities	570.56	538.53	219.41	106.71	115.42	102.87
Long-Term Debt	183.82	174.82	143.6	5.91	1.22	-
Long-Term Leases	-	-	-	-	0.58	19.21
Long-Term Unearned Revenue	7.53	7.88	8	8.05	9.13	9.64
Long-Term Deferred Tax Liabilities	3.66	3.94	2.33	2.59	3.19	0.09
Total Liabilities	765.56	725.17	373.34	123.25	129.53	131.81

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	161.1	161.1	155.18	155.18	153.84	148.56
Additional Paid-In Capital	712.77	707.85	560.49	560.49	535.13	436.12
Retained Earnings	361.18	348.76	317.3	290.03	276.29	250.88
Treasury Stock	-25.32	-25.32	-29.96	-	-	-
Total Common Equity	1,210	1,192	1,003	1,006	965.26	835.56
Minority Interest	146.2	115.26	75.53	46.88	44.62	-
Shareholders' Equity	1,356	1,308	1,079	1,053	1,010	835.56
Total Liabilities & Equity	2,121	2,033	1,452	1,176	1,139	967.37

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	302.42	213.21	166.26	25.01	12.12	25.38
Net Cash (Debt)	-110.45	125.08	4.84	220.07	334.89	306.53
Net Cash Growth	-	2483.77%	-97.80%	-34.29%	9.25%	110.26%
Net Cash Per Share	-0.71	0.81	0.03	1.43	2.25	2.26
Filing Date Shares Outstanding	160.91	159.59	153.67	155.18	155.1	148.56
Total Common Shares Outstanding	160.91	159.59	153.67	155.18	153.84	148.56
Working Capital	462.3	467.89	367.12	449.02	547.58	499.4
Book Value Per Share	7.52	7.47	6.53	6.48	6.27	5.62
Tangible Book Value	1,070	1,060	879.29	877.18	845.47	783.49
Tangible Book Value Per Share	6.65	6.64	5.72	5.65	5.50	5.27
Buildings	-	417.26	341.05	281.32	201.84	-
Machinery	-	291.08	195.47	170.61	143.8	109.16
Construction In Progress	-	317.64	271.26	65.62	61.7	197.81