SHA:688685 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	Mar '26 Mar 31, 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	216.81	211.03	77.14	94.47	277.1	264.06
Trading Asset Securities	-	-	-	-	25	70
Cash & Short-Term Investments	216.81	211.03	77.14	94.47	302.1	334.06
Cash Growth	-13.01%	173.56%	-18.34%	-68.73%	-9.56%	237.86%
Accounts Receivable	419.93	485.1	554.9	215.83	216.92	192.86
Other Receivables	5.61	10.19	157.17	4.9	2.33	0.42
Receivables	425.54	495.29	712.07	220.73	219.25	193.28
Inventory	198.51	187.83	74.38	93.99	59.41	42.93
Other Current Assets	195.73	149.04	55.21	7.18	13.98	10.47
Total Current Assets	1,037	1,043	918.8	416.37	594.75	580.73
Property, Plant & Equipment	1,460	1,506	934.54	280.77	240.7	245.74
Long-Term Investments	-	-	-	3.11	3.62	4.38
Goodwill	0.93	0.93	0.93	0.93	0.93	-
Other Intangible Assets	29.27	30.65	35.32	34.53	18.49	14.92
Long-Term Accounts Receivable	106.73	111.16	130.53	-	-	-
Long-Term Deferred Tax Assets	30.28	31.26	15.97	4.33	3.62	3.98
Long-Term Deferred Charges	12.6	13.99	9.62	6.03	1.21	1.79
Other Long-Term Assets	76.95	17.12	128.22	121.65	40.31	14.82
Total Assets	2,753	2,754	2,174	867.71	903.64	866.35

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	273.02	447.28	485.34	123.67	113.82	93.57
Accrued Expenses	11.28	14.92	27.94	14.14	18.29	13.26
Short-Term Debt	452.46	293	588.21	10.01	6.01	-
Current Portion of Long-Term Debt	135.55	40.06	28.52	-	-	-
Current Portion of Leases	-	56.13	4.81	-	0.29	-
Current Income Taxes Payable	7.35	6.52	16.55	-	0.86	1.58
Current Unearned Revenue	56.86	54.1	7.28	0.03	3	1.8
Other Current Liabilities	20.35	22.51	4.93	4.32	6.17	13
Total Current Liabilities	956.88	934.52	1,164	152.17	148.43	123.2
Long-Term Debt	698.55	704.93	191.86	-	15.02	40.05
Long-Term Leases	202.01	227.79	7.76	-	-	-
Long-Term Unearned Revenue	24.76	23.61	11.78	12.85	13.95	17.78
Total Liabilities	1,882	1,891	1,375	165.02	177.41	181.04

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	146.85	146.85	145.43	111.87	111.87	111.87
Additional Paid-In Capital	443.24	439.08	382.57	370.95	369.79	369.79
Retained Earnings	203.46	200.83	206.09	202.72	221.03	178.56
Comprehensive Income & Other	7.45	7.54	7.04	6.5	6.95	5.07
Total Common Equity	800.99	794.3	741.13	692.03	709.64	665.29
Minority Interest	70.08	68.83	57.84	10.66	16.59	20.03
Shareholders' Equity	871.07	863.13	798.97	702.7	726.23	685.31
Total Liabilities & Equity	2,753	2,754	2,174	867.71	903.64	866.35

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	1,489	1,322	821.16	10.01	21.31	40.05
Net Cash (Debt)	-1,272	-1,111	-744.02	84.46	280.79	294
Net Cash Growth	-	-	-	-69.92%	-4.49%	5203.68%
Net Cash Per Share	-8.89	-7.58	-5.06	0.55	1.93	2.26
Filing Date Shares Outstanding	146.85	146.85	145.43	145.43	145.43	145.43
Total Common Shares Outstanding	146.85	146.85	145.43	145.43	145.43	145.43
Working Capital	79.7	108.68	-244.78	264.21	446.32	457.53
Book Value Per Share	5.45	5.41	5.10	4.76	4.88	4.57
Tangible Book Value	770.79	762.72	704.88	656.57	690.22	650.37
Tangible Book Value Per Share	5.25	5.19	4.85	4.51	4.75	4.47
Buildings	-	109.4	109.4	107.74	107.74	93.78
Machinery	-	1,267	520.73	237.23	203.51	210.96
Construction In Progress	-	382	429.1	35.23	5.09	0.2