SHA:688700 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	453.38	249.53	223.74	152.69	169.41	190.93
Short-Term Investments	327.77	485.17	-	-	-	-
Trading Asset Securities	293.94	123.2	96.97	253.79	212.38	253.32
Cash & Short-Term Investments	1,075	857.91	320.7	406.47	381.79	444.25
Cash Growth	359.14%	167.51%	-21.10%	6.46%	-14.06%	204.45%
Accounts Receivable	840.4	825.13	729.1	742.67	664.02	529.72
Other Receivables	7.33	5.08	6.34	0.64	0.64	0.44
Receivables	847.72	830.21	735.44	743.31	664.66	530.16
Inventory	1,477	1,031	634.15	411.57	374.09	341.45
Prepaid Expenses	23.35	19.15	19.19	14.06	0.18	0.28
Other Current Assets	22.27	14.14	9.59	21.86	26.48	14.73
Total Current Assets	3,446	2,752	1,719	1,597	1,447	1,331
Property, Plant & Equipment	543.37	508.22	375.45	324.12	225.72	126.98
Long-Term Investments	71.79	31.18	501.81	457.18	-	-
Other Intangible Assets	79.95	80.86	82.39	73.24	72.21	13.81
Long-Term Deferred Tax Assets	41.75	36.3	34.79	26.03	17.97	14.37
Long-Term Deferred Charges	1.65	1.86	0.15	1.52	2.66	1
Other Long-Term Assets	27.31	13.52	4.32	2.54	1.93	5.37
Total Assets	4,212	3,424	2,718	2,482	1,768	1,492

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	937.1	676.6	453.93	363.75	386.13	361.26
Accrued Expenses	59.66	79.6	50.97	52.11	53.93	48.13
Current Portion of Leases	2.21	2.67	1.58	3.08	3.1	-
Current Income Taxes Payable	10.57	8.01	6.44	5.57	6.17	7.95
Current Unearned Revenue	1,114	693.91	368.12	216.99	262.41	215.49
Other Current Liabilities	80.23	62.4	45.99	55.59	74.1	60.18
Total Current Liabilities	2,204	1,523	927.02	697.1	785.84	693.01
Long-Term Leases	7.91	8.79	2.46	3.9	5.12	-
Long-Term Unearned Revenue	27.3	28.38	19.27	7.5	-	-
Long-Term Deferred Tax Liabilities	-	-	4.84	3.05	0.5	0.29
Other Long-Term Liabilities	34.1	31.63	30.77	34.06	38.29	30.32
Total Liabilities	2,274	1,592	984.36	745.61	829.75	723.61

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	298.4	298.4	298.4	229.63	147.2	147.2
Additional Paid-In Capital	917.05	917.24	910.81	979.58	350.31	350.31
Retained Earnings	729.33	630.21	539.07	527.11	440.45	271.29
Treasury Stock	-4.74	-15.06	-15.06	-	-	-
Comprehensive Income & Other	-1.87	1.31	0.4	-0	-	-
Shareholders' Equity	1,938	1,832	1,734	1,736	937.96	768.8
Total Liabilities & Equity	4,212	3,424	2,718	2,482	1,768	1,492

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	10.11	11.46	4.04	6.98	8.22	-
Net Cash (Debt)	1,065	846.45	316.66	399.49	373.57	444.25
Net Cash Growth	361.33%	167.30%	-20.73%	6.94%	-15.91%	204.45%
Net Cash Per Share	3.63	2.87	1.05	1.37	1.32	1.79
Filing Date Shares Outstanding	298.28	298	298	298.52	283.21	283.21
Total Common Shares Outstanding	298.28	298	298	298.52	283.21	283.21
Working Capital	1,242	1,229	792.05	900.18	661.38	637.87
Book Value Per Share	6.50	6.15	5.82	5.82	3.31	2.71
Tangible Book Value	1,858	1,751	1,651	1,663	865.74	754.98
Tangible Book Value Per Share	6.23	5.88	5.54	5.57	3.06	2.67
Buildings	455.14	339.99	282.3	152.27	87.7	36.76
Machinery	105.85	96.01	85.75	79.5	70.67	36.94
Construction In Progress	6.5	81.83	12.42	89.61	63.7	76.15