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	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	529.13	211.03	77.14	94.47	277.1	264.06
Trading Asset Securities	-	-	-	-	25	70
Cash & Short-Term Investments	529.13	211.03	77.14	94.47	302.1	334.06
Cash Growth	72.81%	173.56%	-18.34%	-68.73%	-9.56%	237.86%
Accounts Receivable	417.16	485.1	554.9	215.83	216.92	192.86
Other Receivables	10.9	10.19	157.17	4.9	2.33	0.42
Receivables	428.06	495.29	712.07	220.73	219.25	193.28
Inventory	195.55	187.83	74.38	93.99	59.41	42.93
Other Current Assets	191.41	149.04	55.21	7.18	13.98	10.47
Total Current Assets	1,344	1,043	918.8	416.37	594.75	580.73
Property, Plant & Equipment	1,033	1,506	934.54	280.77	240.7	245.74
Long-Term Investments	108.41	-	-	3.11	3.62	4.38
Goodwill	0.93	0.93	0.93	0.93	0.93	-
Other Intangible Assets	12.48	30.65	35.32	34.53	18.49	14.92
Long-Term Accounts Receivable	-	111.16	130.53	-	-	-
Long-Term Deferred Tax Assets	36.19	31.26	15.97	4.33	3.62	3.98
Long-Term Deferred Charges	21.58	13.99	9.62	6.03	1.21	1.79
Other Long-Term Assets	364.64	17.12	128.22	121.65	40.31	14.82
Total Assets	2,921	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	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	279.52	447.28	485.34	123.67	113.82	93.57
Accrued Expenses	7.8	14.92	27.94	14.14	18.29	13.26
Short-Term Debt	806.45	293	588.21	10.01	6.01	-
Current Portion of Long-Term Debt	264.2	40.06	28.52	-	-	-
Current Portion of Leases	-	56.13	4.81	-	0.29	-
Current Income Taxes Payable	34.18	6.52	16.55	-	0.86	1.58
Current Unearned Revenue	117.43	54.1	7.28	0.03	3	1.8
Other Current Liabilities	16.31	22.51	4.93	4.32	6.17	13
Total Current Liabilities	1,526	934.52	1,164	152.17	148.43	123.2
Long-Term Debt	357.82	704.93	191.86	-	15.02	40.05
Long-Term Leases	4.2	227.79	7.76	-	-	-
Long-Term Unearned Revenue	32.53	23.61	11.78	12.85	13.95	17.78
Total Liabilities	2,092	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	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	146.85	146.85	145.43	111.87	111.87	111.87
Additional Paid-In Capital	447.71	439.08	382.57	370.95	369.79	369.79
Retained Earnings	198.9	200.83	206.09	202.72	221.03	178.56
Comprehensive Income & Other	8.05	7.54	7.04	6.5	6.95	5.07
Total Common Equity	801.5	794.3	741.13	692.03	709.64	665.29
Minority Interest	27.78	68.83	57.84	10.66	16.59	20.03
Shareholders' Equity	829.29	863.13	798.97	702.7	726.23	685.31
Total Liabilities & Equity	2,921	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	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	1,433	1,322	821.16	10.01	21.31	40.05
Net Cash (Debt)	-903.53	-1,111	-744.02	84.46	280.79	294
Net Cash Growth	-	-	-	-69.92%	-4.49%	5203.68%
Net Cash Per Share	-5.83	-7.58	-5.06	0.55	1.93	2.26
Filing Date Shares Outstanding	159.5	146.85	145.43	145.43	145.43	145.43
Total Common Shares Outstanding	159.5	146.85	145.43	145.43	145.43	145.43
Working Capital	-181.73	108.68	-244.78	264.21	446.32	457.53
Book Value Per Share	5.03	5.41	5.10	4.76	4.88	4.57
Tangible Book Value	788.09	762.72	704.88	656.57	690.22	650.37
Tangible Book Value Per Share	4.94	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