SHA:688701 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

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	78.28	67.67	29.66	100.5	197.39	232.29
Trading Asset Securities	-	0.5	0.5	-	-	-
Cash & Short-Term Investments	78.28	68.17	30.16	100.5	197.39	232.29
Cash Growth	200.99%	126.04%	-69.99%	-49.08%	-15.03%	171.78%
Accounts Receivable	304.64	340.91	488.15	537.09	459.87	480.11
Other Receivables	14.22	13.96	8.27	10.72	43.11	22.05
Receivables	318.86	354.87	496.41	547.81	502.98	502.16
Inventory	3.11	4.01	4.27	4.7	4.19	0.68
Other Current Assets	13.16	10.08	4.16	4.44	9.94	16.51
Total Current Assets	413.42	437.14	535.01	657.45	714.5	751.64
Property, Plant & Equipment	32.41	30.6	27.24	27.85	38.35	38.53
Long-Term Investments	0.49	1.49	-	-	-	-
Long-Term Deferred Tax Assets	20.11	21.32	24.16	20.4	11.51	9.43
Long-Term Deferred Charges	-	0.04	0.08	0.29	0.56	0.64
Other Long-Term Assets	1.97	0.35	-	-	1.05	-
Total Assets	468.4	490.93	586.48	705.99	765.98	800.25
Accounts Payable	154.08	169.13	201.73	187.77	131.58	156.47
Accrued Expenses	9.85	17.48	16.05	18.87	11.13	12.94
Short-Term Debt	128.68	137.37	127.12	156.2	201.07	88.45
Current Portion of Long-Term Debt	-	2	7.01	30.05	-	21.03
Current Portion of Leases	-	5.49	5.35	3.24	4.16	3.18
Current Income Taxes Payable	0.02	-	0.01	0.01	0.01	6.59
Current Unearned Revenue	4.54	4.58	10.67	11.64	10.02	0.69
Other Current Liabilities	40.79	15.18	14.28	6.97	4.25	0.75
Total Current Liabilities	337.95	351.23	382.22	414.75	362.23	290.1
Long-Term Debt	-	-	2	10	-	-
Long-Term Leases	0.29	0.14	3.37	0.15	1.77	0.81
Total Liabilities	338.24	351.37	387.6	424.9	364	290.9
Common Stock	134.28	134.28	134.28	134.28	134.28	134.28
Additional Paid-In Capital	176.94	176.51	175.64	175.64	175.64	175.64
Retained Earnings	-181.29	-171.51	-111.03	-28.83	92.06	199.43
Total Common Equity	129.93	139.27	198.89	281.09	401.98	509.35
Minority Interest	0.24	0.29	-	-	-	-
Shareholders' Equity	130.16	139.57	198.89	281.09	401.98	509.35
Total Liabilities & Equity	468.4	490.93	586.48	705.99	765.98	800.25
Total Debt	128.96	145	144.86	199.64	207	113.46
Net Cash (Debt)	-50.68	-76.83	-114.7	-99.14	-9.61	118.83
Net Cash Growth	-	-	-	-	-	778.34%
Net Cash Per Share	-0.36	-0.57	-0.85	-0.74	-0.07	0.90
Filing Date Shares Outstanding	134.28	134.28	134.28	134.28	134.28	134.28
Total Common Shares Outstanding	134.28	134.28	134.28	134.28	134.28	134.28
Working Capital	75.47	85.91	152.78	242.7	352.27	461.55
Book Value Per Share	0.97	1.04	1.48	2.09	2.99	3.79
Tangible Book Value	129.93	139.27	198.89	281.09	401.98	509.35
Tangible Book Value Per Share	0.97	1.04	1.48	2.09	2.99	3.79
Buildings	-	9.52	0.51	0.51	0.51	0.51
Machinery	-	58.54	49.83	51.15	52.48	51.76
Construction In Progress	-	0.38	3.64	0.15	-	-