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	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	203.55	211.03	77.14	94.47	277.1	264.06
Trading Asset Securities	-	-	-	-	25	70
Cash & Short-Term Investments	203.55	211.03	77.14	94.47	302.1	334.06
Cash Growth	-44.45%	173.56%	-18.34%	-68.73%	-9.56%	237.86%
Accounts Receivable	482	485.1	554.9	215.83	216.92	192.86
Other Receivables	0.64	10.19	157.17	4.9	2.33	0.42
Receivables	482.64	495.29	712.07	220.73	219.25	193.28
Inventory	183.57	187.83	74.38	93.99	59.41	42.93
Other Current Assets	169.89	149.04	55.21	7.18	13.98	10.47
Total Current Assets	1,040	1,043	918.8	416.37	594.75	580.73
Property, Plant & Equipment	1,419	1,506	934.54	280.77	240.7	245.74
Long-Term Investments	87.58	-	-	3.11	3.62	4.38
Goodwill	0.93	0.93	0.93	0.93	0.93	-
Other Intangible Assets	27.98	30.65	35.32	34.53	18.49	14.92
Long-Term Accounts Receivable	-	111.16	130.53	-	-	-
Long-Term Deferred Tax Assets	37.47	31.26	15.97	4.33	3.62	3.98
Long-Term Deferred Charges	11.21	13.99	9.62	6.03	1.21	1.79
Other Long-Term Assets	380.4	17.12	128.22	121.65	40.31	14.82
Total Assets	3,004	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	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	249.39	447.28	485.34	123.67	113.82	93.57
Accrued Expenses	9.18	14.92	27.94	14.14	18.29	13.26
Short-Term Debt	671.28	293	588.21	10.01	6.01	-
Current Portion of Long-Term Debt	276.53	40.06	28.52	-	-	-
Current Portion of Leases	-	56.13	4.81	-	0.29	-
Current Income Taxes Payable	9.76	6.52	16.55	-	0.86	1.58
Current Unearned Revenue	74.42	54.1	7.28	0.03	3	1.8
Other Current Liabilities	26.03	22.51	4.93	4.32	6.17	13
Total Current Liabilities	1,317	934.52	1,164	152.17	148.43	123.2
Long-Term Debt	593.15	704.93	191.86	-	15.02	40.05
Long-Term Leases	4.4	227.79	7.76	-	-	-
Long-Term Unearned Revenue	35.02	23.61	11.78	12.85	13.95	17.78
Total Liabilities	2,148	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	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	146.85	146.85	145.43	111.87	111.87	111.87
Additional Paid-In Capital	448.8	439.08	382.57	370.95	369.79	369.79
Retained Earnings	204.99	200.83	206.09	202.72	221.03	178.56
Comprehensive Income & Other	7.73	7.54	7.04	6.5	6.95	5.07
Total Common Equity	808.37	794.3	741.13	692.03	709.64	665.29
Minority Interest	47.92	68.83	57.84	10.66	16.59	20.03
Shareholders' Equity	856.29	863.13	798.97	702.7	726.23	685.31
Total Liabilities & Equity	3,004	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	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	1,545	1,322	821.16	10.01	21.31	40.05
Net Cash (Debt)	-1,342	-1,111	-744.02	84.46	280.79	294
Net Cash Growth	-	-	-	-69.92%	-4.49%	5203.68%
Net Cash Per Share	-8.94	-7.58	-5.06	0.55	1.93	2.26
Filing Date Shares Outstanding	176.46	146.85	145.43	145.43	145.43	145.43
Total Common Shares Outstanding	176.46	146.85	145.43	145.43	145.43	145.43
Working Capital	-276.94	108.68	-244.78	264.21	446.32	457.53
Book Value Per Share	4.58	5.41	5.10	4.76	4.88	4.57
Tangible Book Value	779.45	762.72	704.88	656.57	690.22	650.37
Tangible Book Value Per Share	4.42	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