SHA:688720 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	183.71	193.83	94.94	387.22	7.84	16.66
Short-Term Investments	-	97.25	41.88	54.8	68.17	-
Trading Asset Securities	-	0	102.07	205.22	10.05	74.41
Cash & Short-Term Investments	183.71	291.08	238.88	647.24	86.07	91.07
Cash Growth	-45.24%	21.85%	-63.09%	652.04%	-5.49%	31.43%
Accounts Receivable	265.49	222.89	227.6	184.34	123.59	144.94
Other Receivables	1.62	5.92	8.17	8.98	9.77	7.93
Receivables	267.11	228.82	235.77	193.32	133.35	152.87
Inventory	104.44	70.01	61.57	39.59	34.6	40.56
Other Current Assets	237.7	12.65	15.52	3.68	3.67	4.07
Total Current Assets	792.96	602.55	551.74	883.84	257.69	288.57
Property, Plant & Equipment	459.29	440.38	318.42	275.29	224.8	180.5
Long-Term Investments	0.26	290.74	318.36	92.8	54.51	51.83
Goodwill	4.86	4.86	4.86	-	-	-
Other Intangible Assets	16.64	15.86	17.08	10.84	12.2	9.48
Long-Term Deferred Tax Assets	15.64	12.65	9.26	9.26	9.34	1.78
Long-Term Deferred Charges	10.17	10.78	3.61	3.19	-	-
Other Long-Term Assets	92.93	13.17	20.77	4.68	3.72	3.45
Total Assets	1,393	1,391	1,244	1,280	562.26	535.61

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
Accounts Payable	124.53	48.37	61.05	77.15	52.04	74.37
Accrued Expenses	12.28	17.48	13.26	33.8	18.21	13.17
Short-Term Debt	137.42	207.34	153.65	93.93	32.69	15.81
Current Portion of Long-Term Debt	6.06	3.01	-	0.03	-	-
Current Portion of Leases	-	0.93	0.58	0.56	0.25	0.38
Current Income Taxes Payable	0.84	0.07	0.53	0.02	-	1.17
Current Unearned Revenue	7.08	3.34	3.45	0.77	0.34	1.54
Other Current Liabilities	21.28	43.78	20.69	16.21	6.58	7.23
Total Current Liabilities	309.49	324.33	253.22	222.48	110.11	113.68
Long-Term Debt	12	15	-	36.04	7.6	-
Long-Term Leases	2.19	2.48	1.34	1.54	-	0.17
Long-Term Unearned Revenue	11.58	11.39	8.33	-	-	-
Long-Term Deferred Tax Liabilities	2.91	3.16	3.12	3.58	3.36	-
Total Liabilities	338.17	356.35	266.01	263.64	121.07	113.85

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	122.93	88.13	88.13	88.13	66.1	66.1
Additional Paid-In Capital	762.81	790.26	792.47	792.47	270	270
Retained Earnings	205.67	193.4	142.17	125.82	93.16	76.49
Treasury Stock	-55.6	-55.64	-60.02	-	-	-
Comprehensive Income & Other	13.93	13.71	11.23	9.83	11.92	9.17
Total Common Equity	1,050	1,030	973.97	1,016	441.19	421.76
Minority Interest	4.86	4.76	4.13	-	-	-
Shareholders' Equity	1,055	1,035	978.1	1,016	441.19	421.76
Total Liabilities & Equity	1,393	1,391	1,244	1,280	562.26	535.61

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
Total Debt	157.67	228.76	155.57	132.1	40.54	16.36
Net Cash (Debt)	26.04	62.31	83.31	515.14	45.53	74.7
Net Cash Growth	-79.51%	-25.20%	-83.83%	1031.55%	-39.06%	20.66%
Net Cash Per Share	0.19	0.51	0.68	5.52	0.49	0.84
Filing Date Shares Outstanding	110.74	121.79	121.78	123.07	92.54	92.54
Total Common Shares Outstanding	110.74	121.79	121.78	123.39	92.54	92.54
Working Capital	483.47	278.22	298.53	661.36	147.58	174.89
Book Value Per Share	9.48	8.46	8.00	8.24	4.77	4.56
Tangible Book Value	1,028	1,009	952.03	1,005	428.99	412.28
Tangible Book Value Per Share	9.29	8.29	7.82	8.15	4.64	4.46
Buildings	-	209.1	201.95	138.61	99.42	69.1
Machinery	-	280.44	179.45	137.47	125.04	33.69
Construction In Progress	-	45.84	2.25	40.84	26.38	93.65