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	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	124.84	322.53	145.53	245.08	347.01	247.37
Trading Asset Securities	21.08	15.75	25.57	-	-	84.53
Cash & Short-Term Investments	145.92	338.29	171.1	245.08	347.01	331.91
Cash Growth	-26.46%	97.71%	-30.19%	-29.37%	4.55%	117.22%
Accounts Receivable	657.41	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	659.79	478.79	278.81	237.69	237.92	203.62
Inventory	133.69	91.16	80.8	48.95	57.38	51.96
Prepaid Expenses	-	-	-	-	-	0.03
Other Current Assets	135.14	98.18	55.82	24	20.69	14.76
Total Current Assets	1,075	1,006	586.52	555.72	663	602.27
Property, Plant & Equipment	920.17	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	108.54	102.07	95.25	100.05	91.31	52.07
Long-Term Deferred Tax Assets	6.85	9.86	8.13	7.34	6.45	4.05
Long-Term Deferred Charges	22.19	20.07	15.6	1.16	0.28	0.38
Other Long-Term Assets	61.63	8.04	7.91	42.04	11.94	42.99
Total Assets	2,224	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	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	427.54	332.28	137.37	50.76	66.76	40.69
Accrued Expenses	9.63	22.42	17.47	8.35	11.1	13.64
Short-Term Debt	61.21	11.29	22.66	18.38	5.81	-
Current Portion of Long-Term Debt	28.13	27.1	-	0.72	3.65	-
Current Portion of Leases	-	-	-	-	0.86	6.17
Current Income Taxes Payable	23.05	0.69	0.32	0.13	2.66	2.63
Current Unearned Revenue	2.21	0.99	0.38	0.23	1.98	0.51
Other Current Liabilities	85.08	143.77	41.21	28.13	22.6	39.23
Total Current Liabilities	636.85	538.53	219.41	106.71	115.42	102.87
Long-Term Debt	177.21	174.82	143.6	5.91	1.22	-
Long-Term Leases	-	-	-	-	0.58	19.21
Long-Term Unearned Revenue	13.8	7.88	8	8.05	9.13	9.64
Long-Term Deferred Tax Liabilities	3.54	3.94	2.33	2.59	3.19	0.09
Total Liabilities	831.4	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	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	161.1	161.1	155.18	155.18	153.84	148.56
Additional Paid-In Capital	714.02	707.85	560.49	560.49	535.13	436.12
Retained Earnings	374.65	348.76	317.3	290.03	276.29	250.88
Treasury Stock	-13.25	-25.32	-29.96	-	-	-
Total Common Equity	1,237	1,192	1,003	1,006	965.26	835.56
Minority Interest	155.87	115.26	75.53	46.88	44.62	-
Shareholders' Equity	1,393	1,308	1,079	1,053	1,010	835.56
Total Liabilities & Equity	2,224	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	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	266.55	213.21	166.26	25.01	12.12	25.38
Net Cash (Debt)	-120.63	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	-0.76	0.81	0.03	1.43	2.25	2.26
Filing Date Shares Outstanding	168.32	159.59	153.67	155.18	155.1	148.56
Total Common Shares Outstanding	168.32	159.59	153.67	155.18	153.84	148.56
Working Capital	437.69	467.89	367.12	449.02	547.58	499.4
Book Value Per Share	7.35	7.47	6.53	6.48	6.27	5.62
Tangible Book Value	1,098	1,060	879.29	877.18	845.47	783.49
Tangible Book Value Per Share	6.52	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