Wave Cyber (Shanghai) Co., Ltd. (SHA:688718)

Wave Cyber (Shanghai) Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	29.31	40.6	45.98	79.48	119.09	130.75
Trading Asset Securities	50.13	36.02	10.01	1.12	0.37	4.5
Cash & Short-Term Investments	79.44	76.62	55.99	80.59	119.45	135.25
Cash Growth	-19.28%	36.84%	-30.53%	-32.53%	-11.68%	213.74%
Accounts Receivable	121.05	117.73	93.92	125.98	98.23	107.44
Other Receivables	1	0.76	1.18	2.06	6.53	4.9
Receivables	122.05	118.5	95.09	128.04	104.76	112.34
Inventory	87.24	89.22	114.36	86.26	95.91	84.63
Other Current Assets	10.07	9.58	20.91	9.91	16.33	19
Total Current Assets	298.8	293.92	286.36	304.79	336.46	351.22
Property, Plant & Equipment	479.72	473.01	512.52	460.91	430.09	333.04
Long-Term Investments	-	3.16	23.47	3.8	4.23	4.64
Other Intangible Assets	64.59	61.4	63.01	64.61	66.21	67.82
Long-Term Deferred Tax Assets	7.74	6.59	7.06	2.82	3.77	3.21
Long-Term Deferred Charges	13.5	14.6	17.03	14.63	2.66	3.07
Other Long-Term Assets	36.36	35.12	2.03	21.64	3.32	17.52
Total Assets	900.83	887.79	911.46	873.2	846.74	780.52

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	26.06	35.19	34.84	25.39	33.21	24.96
Accrued Expenses	7.56	10.38	12.5	11.46	12.13	11.76
Short-Term Debt	-	-	-	-	19.8	14.98
Current Portion of Leases	0.4	0.15	0.21	0.62	-	-
Current Income Taxes Payable	1.06	1.36	1.94	0.35	0.13	1.57
Current Unearned Revenue	5.65	10.98	25.94	5.26	4.63	3.69
Other Current Liabilities	23.07	14.51	43.35	54.12	48.79	28.81
Total Current Liabilities	63.79	72.57	118.77	97.19	118.7	85.77
Long-Term Leases	0.73	-	-	0.16	-	-
Long-Term Unearned Revenue	15.51	16.15	19.97	9.97	10.63	10.22
Long-Term Deferred Tax Liabilities	0.18	0.19	0.19	0.19	0.2	0.2
Total Liabilities	80.21	88.91	138.93	107.52	129.53	96.19

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	173.75	173.75	173.75	173.75	173.75	173.75
Additional Paid-In Capital	250.52	250.52	250.52	250.58	250.58	250.58
Retained Earnings	402.99	380.59	355.15	336.47	290.53	259.15
Treasury Stock	-10.29	-10.29	-10.29	-	-	-
Comprehensive Income & Other	1.88	2.53	2.97	2.69	2.35	0.85
Total Common Equity	818.85	797.11	772.11	763.49	717.2	684.33
Minority Interest	1.78	1.78	0.42	2.2	-	-
Shareholders' Equity	820.63	798.89	772.53	765.68	717.2	684.33
Total Liabilities & Equity	900.83	887.79	911.46	873.2	846.74	780.52

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	1.12	0.15	0.21	0.78	19.8	14.98
Net Cash (Debt)	78.31	76.47	55.78	79.82	99.65	120.27
Net Cash Growth	-20.08%	37.08%	-30.11%	-19.90%	-17.15%	1465.46%
Net Cash Per Share	0.44	0.44	0.32	0.45	0.57	0.81
Filing Date Shares Outstanding	172.85	172.85	172.85	173.75	173.75	173.75
Total Common Shares Outstanding	172.85	172.85	172.85	173.75	173.75	173.75
Working Capital	235	221.35	167.59	207.59	217.75	265.45
Book Value Per Share	4.74	4.61	4.47	4.39	4.13	3.94
Tangible Book Value	754.13	735.7	709.1	698.88	650.99	616.51
Tangible Book Value Per Share	4.36	4.26	4.10	4.02	3.75	3.55
Buildings	415.69	325.66	323.2	323.36	194.16	142.38
Machinery	364.38	363.23	377.74	328.22	306.02	245.21
Construction In Progress	9.9	73.81	86.33	49	142.8	134.03

Data Source: S&P Global Market Intelligence Last updated: Aug 26, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 2, 2026

Data Sources Report a data error